SOUTH LOUISIANA FACILITIES CORPORATION (FORMERLY SLCC FACILITIES CORPORATION)

EIN: 731636441 501(c)(3) Education

BATON ROUGE, LA

Total Revenue
$1,479,005
Total Expenses
$579,597
Total Assets
$10,716,378
Net Assets
$5,955,208
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
LA
Principal Officer
BRETT MELLINGTON
Phone
2253818028
Tax Period
2023-07-01 to 2024-06-30

SOUTH LOUISIANA FACILITIES CORPORATION (FORMERLY SLCC FACILITIES CORPORATION), founded in 2001, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $899K, a strong 61% operating margin.

Mission

THE EXEMPT PURPOSE OF THE CORPORATION IS TO CONSTRUCT A BUILDING WITH ACADEMIC FACILITIES AND OFFICES FOR THE SOUTH LOUISIANA COMMUNITY COLLEGE (SLCC), A STATE COMMUNITY COLLEGE OPERATED BY THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (LCTCS), A STATE INSTITUTION. THE CORPORATION LEASES REAL PROPERTY LOCATED IN LAFAYETTE, LOUISIANA FROM THE LCTCS AND CONSTRUCTED A BUILDING ON THE CAMPUS OF SLCC. THE CONSTRUCTION WAS FINANCED THROUGH A BOND ISSUE BY THE LAFAYETTE PUBLIC TRUST FINANCING AUTHORITY (LPTFA). THE FACILITIES ARE LEASED TO LCTCS UNDER A NET LEASE WITH AN OPTION TO PURCHASE THE FACILITIES. THE LEASE PAYMENTS FROM THE LEASE ARE USED TO REPAY THE BOND FINANCING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $161,414
Program Service Revenue $1,196,519
Investment Income $121,072
Other Revenue $0
TOTAL REVENUE $1,479,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $563,863
Other Expenses $579,597
TOTAL EXPENSES $579,597

Year-over-Year Comparison

2023 2022 Change
Revenue $1,479,005 $1,432,509 +0.0%
Expenses $579,597 $608,413 0.0%
Net Income $899,408 $824,096 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT MELLINGTON PRESIDENT/DIRECTOR 2.00
Officer Director
$0 $0 $0
ODON L BACQUE DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,479,005 $579,597 $10,716,378 $899,408
2023 $1,432,509 $608,413 $10,642,200 $824,096
2022 $1,359,480 $641,777 $10,839,868 $717,703
2021 $1,357,825 $667,114 $11,108,539 $690,711
2020 $1,381,351 $697,844 $11,373,855 $683,507
2019 $1,391,806 $730,372 $11,618,336 $661,434
2018 $1,370,915 $771,013 $11,852,265 $599,902
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