LOUISIANA MANAGED MEDICAID ASSOCIATION (EIN 824452140) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

JOSEPH SULLIVAN

Phone

2253285566

Tax Period

2024-01-01 to 2024-12-31

LOUISIANA MANAGED MEDICAID ASSOCIATION, founded in 2018, is a small nonprofit in the Health Care sector that reported $240K in total revenue in fiscal year 2024. The organization ran a surplus of $56K, a strong 24% operating margin.

Mission

THE ORGANIZATION SHALL ADVANCE THE COMMON INTERESTS AMONG THE MEDICAID MANAGED CARE ORGANIZATIONS CONTRACTED BY THE LOUISIANA DEPARTMENT OF HEALTH, DISCUSS AVENUES OF MUTUAL INTEREST, COMMON POLICIES AND CHALLENGES ASSOCIATED WITH THE MANAGED CARE INDUSTRY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $240,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,243

Other Expenses $183,600

TOTAL EXPENSES $183,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,000	$240,000	N/A
Expenses	$183,600	$41,274	+3.4%
Net Income	$56,400	$198,726	-0.7%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SULLIVAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
KYLE VIATOR	TREASURER	2.00	Officer Director	$0	$0	$0
SONYA NELSON	DIRECTOR	1.50	Director	$0	$0	$0
RICHARD BORN	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTY VALENTINE THEARD MD MBA	DIRECTOR	1.50	Director	$0	$0	$0
KARL LIRETTE	SECRETARY	1.50	Officer 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
2024	$240,000	$183,600	$289,870	$56,400
2023	$240,000	$41,274	$233,470	$198,726

LOUISIANA MANAGED MEDICAID ASSOCIATION