THIBODAUX REGIONAL HEALTH SYSTEM INC

EIN: 842046902 501(c)(3) Health Care

THIBODAUX, LA

Total Revenue
$348,210,088
Total Expenses
$309,673,769
Total Assets
$533,079,967
Net Assets
$215,728,450
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
LA
Principal Officer
GREG STOCK
Phone
9854475500
Tax Period
2023-10-01 to 2024-09-30

THIBODAUX REGIONAL HEALTH SYSTEM INC, founded in 2019, is a major nonprofit in the Health Care sector that reported $348.2M in total revenue in fiscal year 2023. Expenses of $309.7M left a modest 11% surplus.

Mission

OPERATION OF THIBODAUX REGIONAL MEDICAL CENTER (THE HOSPITAL). THE MISSION OF THE HOSPITAL IS TO PROVIDE THE HIGHEST QUALITY, MOST COST-EFFECTIVE HEALTHCARE SERVICES POSSIBLE TO THE PEOPLE OF THIBODAUX AND SURROUNDING AREAS.

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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 $38,119,147
Program Service Revenue $298,796,910
Investment Income $3,483,784
Other Revenue $7,810,247
TOTAL REVENUE $348,210,088

Expense Breakdown

Grants Paid $271,882
Salaries & Benefits $130,053,534
Fundraising Expenses $0
Program Expenses $239,663,183
Other Expenses $179,348,353
TOTAL EXPENSES $309,673,769

Year-over-Year Comparison

2023 2022 Change
Revenue $348,210,088 $323,092,717 +0.1%
Expenses $309,673,769 $288,687,724 +0.1%
Net Income $38,536,319 $34,404,993 +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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
1744
Volunteers
16

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
2
$2,147,364
Total Directors
7
$2,489,562
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG K STOCK CEO AND BOARD SEC. - NONVO 40.00
Officer Director
$1,850,826 $38,810 $1,889,636
JAKE GIARDINA BOARD CHAIRMAN 1.00
Director
$0 $0 $0
FRANCIS RICHARD BOARD MEMBER 1.00
Director
$0 $0 $0
DR CLEVELAND HILL BOARD MEMBER 1.00
Director
$0 $0 $0
DR DAVID ELIAS BOARD MEMBER 1.00
Director
$0 $0 $0
DR RAJA TALLURI BOARD MEMBER 1.00
Director
$0 $0 $0
DR BRIAN PARKER CHIEF OF STAFF - NON-VOTIN 40.00
Director
$569,343 $30,583 $599,926
STEPHEN EAST CHIEF FINANCIAL OFFICER 40.00
Officer
$249,721 $8,007 $257,728
BLAIN ARTHURS STAFF PHYSICIAN 40.00
Highest
$1,229,697 $45,601 $1,275,298
CARLOS R GIMENEZ STAFF PHYSICIAN 40.00
Highest
$1,180,839 $39,164 $1,220,003
SCOTT HEBERT STAFF PHYSICIAN 40.00
Highest
$2,278,109 $32,000 $2,310,109
GREGORY DOBARD STAFF PHYSICIAN 40.00
Highest
$1,094,609 $39,164 $1,133,773
MUHAMMAD OMER KHOKHAR STAFF PHYSICIAN 40.00
Highest
$1,170,372 $40,706 $1,211,078
CHRIS RODRIGUE FORMER CHIEF OF STAFF 40.00
$517,548 $20,200 $537,748
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 $348,210,088 $309,673,769 $533,079,967 $38,536,319
2023 $323,092,717 $288,687,724 $511,252,829 $34,404,993
2022 $328,865,265 $278,013,422 $514,056,856 $50,851,843
2021 $298,145,137 $252,004,207 $473,318,062 $46,140,930
2020 $272,489,003 $221,663,336 $409,488,284 $50,825,667
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