LCMC HEALTH HOLDINGS INC (EIN 843390470) - 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

2019

Legal Domicile

Principal Officer

GREGORY A NIELSON

Phone

5045034000

Tax Period

2022-01-01 to 2022-12-31

LCMC HEALTH HOLDINGS INC, founded in 2019, is a major nonprofit that reported $353.3M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $422.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

OUR MISSION AT LCMC HEALTH HOLDINGS, INC., A NONPROFIT COMMUNITY HEALTH SYSTEM (CON'T ON SCH O)

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,422,236

Program Service Revenue $342,543,154

Investment Income $151,180

Other Revenue $9,176,339

TOTAL REVENUE $353,292,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,394,632

Fundraising Expenses $0

Program Expenses $389,379,511

Other Expenses $260,092,396

TOTAL EXPENSES $422,487,028

Year-over-Year Comparison

	2022	2021	Change
Revenue	$353,292,909	$326,861,624	+0.1%
Expenses	$422,487,028	$356,591,989	+0.2%
Net Income	$-69,194,119	$-29,730,365	+1.3%

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

2370

Volunteers

137

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

$2,763,865

Total Directors

$3,247,767

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY FEIRN	DIRECTOR	2.00	Director	$0	$33,804	$2,473,721
GREGORY A NIELSON	DIRECTOR	2.00	Director	$0	$31,976	$774,046
BILL MIMELES	DIRECTOR	2.00	Director	$0	$0	$0
HENRY SHANE	DIRECTOR	2.00	Director	$0	$0	$0
TREY RAYMOND	DIRECTOR	2.00	Director	$0	$0	$0
DONALD P BELL MD	DIRECTOR	2.00	Director	$0	$0	$0
RUTH KULLMAN	DIRECTOR	2.00	Director	$0	$0	$0
THERESA LAWRENCE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WEATHERSBY	DIRECTOR	2.00	Director	$0	$0	$0
JIM HUDSON	DIRECTOR	2.00	Director	$0	$0	$0
JAMES L PERRIEN JR MD	PHYSICIAN	60.00	Highest	$852,437	$41,329	$893,766
RUBY BREWER	SVP, CHIEF QUALITY & NURSING	60.00	Officer	$350,345	$47,101	$397,446
RAYMOND DECORTE	FORMER SVP, CHIEF MEDICAL OFFICER	60.00	Officer	$307,292	$47,092	$354,384
CHRISTOPHER OLSEN	CHIEF FINANCE OFFICER	60.00	Officer	$337,825	$41,555	$379,380
RICHARD TANZELLA	PRESIDENT & CEO	60.00	Officer	$564,613	$45,355	$609,968
MICHAEL MCKENDALL	VP, OPERATIONS	60.00	Officer	$208,710	$37,363	$246,073
JENNIFER PARKS	CAO, CHIEF ADMINISTRATIVE	60.00	Officer	$247,162	$43,777	$290,939
ORLANDO DEFFER MD	PHYSICIAN	60.00	Highest	$838,713	$49,197	$887,910
TOD C ENGELHARDT MD	PHYSICIAN	60.00	Highest	$827,762	$53,721	$881,483
MICHAEL N BROTHERS MD	PHYSICIAN	60.00	Highest	$830,766	$29,284	$860,050
STEPHEN LAYNE MD	PHYSICIAN	60.00	Highest	$827,457	$40,451	$867,908
JENNIFER L MEYERS	SVP, CHIEF MEDICAL OFFICER	60.00	Officer	$451,210	$34,465	$485,675
DANNY R HARDMAN	FORMER VP, CLINICAL SERVICES	0.00		$0	$12,336	$383,868

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
2022	$353,292,909	$422,487,028	No data	$-69,194,119
2021	$326,861,624	$356,591,989	$287,653,547	$-29,730,365
2020	$79,917,866	$80,445,786	$252,696,398	$-527,920

LCMC HEALTH HOLDINGS INC