LOUISIANA CHILDREN'S MEDICAL CENTER

EIN: 943480131 501(c)(3)

NEW ORLEANS, LA

Total Revenue
$1,635,655,698
Total Expenses
$1,706,822,808
Total Assets
$4,317,318,445
Net Assets
$1,766,144,392
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
LA
Principal Officer
GREGORY C FEIRN
Phone
5048962847
Tax Period
2024-01-01 to 2024-12-31

LOUISIANA CHILDREN'S MEDICAL CENTER is a 501(c)(3) with EIN 943480131, based in NEW ORLEANS, LA. Founded in 2009, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $1,635,655,698 in total revenue and $1,706,822,808 in total expenses, with net assets of $1,766,144,392.

Mission

HEALTH, CARE, AND EDUCATION BEYOND EXTRAORDINARY. THE PRIMARY PURPOSE OF (CONT'D ON SCHEDULE O) LCMC IS TO CREATE, MAINTAIN, AND GROW HEALTH CARE SERVICES CONSISTENT WITH ITS OPERATION OF WEST JEFFERSON MEDICAL CENTER, UNIVERSITY HEALTHCARE SYSTEM AND THE CHARITABLE MISSION OF THE LCMC AFFILIATES. LCMC PROVIDES SUPPORT AND MANAGEMENT SERVICES TO THE SYSTEM ENTITIES SO THAT THE ENTITIES IN TURN CAN FOCUS THEIR EFFORTS ON CARRYING OUT THEIR EXEMPT PURPOSES.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,255,115
Program Service Revenue $1,575,511,489
Investment Income $3,663,810
Other Revenue $37,225,284
TOTAL REVENUE $1,635,655,698

Expense Breakdown

Grants Paid $1,432,146
Salaries & Benefits $659,102,349
Fundraising Expenses $468,792
Program Expenses $1,203,246,423
Other Expenses $1,046,288,313
TOTAL EXPENSES $1,706,822,808

Year-over-Year Comparison

2024 2023 Change
Revenue $1,635,655,698 $1,626,044,230 +0.0%
Expenses $1,706,822,808 $1,689,417,616 +0.0%
Net Income $-71,167,110 $-63,373,386 +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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Governance

Voting Members
29
Independent Members
27
Employees
17964
Volunteers
197

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
10
$10,889,316
Total Directors
29
$5,961,816
Key Employees
5
$3,850,234
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR WESLEY BRYAN EX-OFFICIO 1.00
Director
$705,940 $32,899 $738,839
DR PATRICK GREIFFENSTEIN EX-OFFICIO 1.00
Director
$0 $0 $0
DR PAUL DU TREIL EX-OFFICIO 1.00
Director
$0 $0 $0
PINKI PRASAD MD EX-OFFICIO 1.00
Director
$0 $0 $0
LEON J TREY REYMOND III EX-OFFICIO, PAST CHAIR 1.00
Officer Director
$0 $0 $0
BOYSIE BOLLINGER EX-OFFICIO 1.00
Director
$0 $0 $0
DAN FOLEY EX-OFFICIO 1.00
Director
$0 $0 $0
CINDY HOWSON WEINMANN BOARD SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
JULIE LIVAUDAIS GEORGE BOARD MEMBER 1.00
Director
$0 $0 $0
KIM BOYLE BOARD MEMBER 1.00
Director
$0 $0 $0
SHARONDA WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
MONICA R SYLVAIN PHD BOARD MEMBER 1.00
Director
$0 $0 $0
TERESA LAWRENCE BOARD MEMBER 1.00
Director
$0 $0 $0
ALDEN MCDONALD BOARD MEMBER 1.00
Director
$0 $0 $0
DR LEE HAMM BOARD MEMBER 1.00
Director
$0 $0 $0
DOTTIE REESE BOARD MEMBER 1.00
Director
$0 $0 $0
A WHITFIELD HUGULEY IV BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN HALES MD BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
FRANK DIVENCENTI MD BOARD MEMBER 1.00
Director
$0 $0 $0
ELWOOD F CAHILL JR BOARD MEMBER 1.00
Director
$0 $0 $0
CHIP CAHILL EX-OFFICIO 1.00
Director
$0 $0 $0
RALPH O BRENNAN BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE FITTS BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK NORTON BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE ANDRY CROSBY BOARD MEMBER 1.00
Director
$0 $0 $0
THEODORE TED LE CLERCQ BOARD CHAIRMAN 1.00
Officer Director
$0 $0 $0
RUTH KULLMAN EX-OFFICIO, PAST CHAIR 1.00
Officer Director
$0 $0 $0
JOHN HEATON MD PRESIDENT OF CLIN. AND SYSTEMS 53.00
Officer Director
$1,265,573 $222,196 $1,487,769
GREGORY C FEIRN PRESIDENT AND CEO 52.00
Officer Director
$2,780,273 $954,935 $3,735,208
MAURICE LAGARDE CHIEF OPERATING OFFICER 55.00
Officer
$1,261,573 $252,731 $1,514,304
JOHN NICKENS PRESIDENT OF HOSPITAL SERVICES 30.00
Officer
$2,074,968 $454,561 $2,529,529
JOANN KUNKEL CHIEF FINANCIAL OFFICER 53.00
Officer
$1,291,127 $331,379 $1,622,506
BENJAMIN RICHAUD CEO - LAKEVIEW HOSPITAL 55.00
Key Emp
$583,225 $24,517 $607,742
TOM PATRIAS CEO - TULANE UNIVERSITY MEDICAL 55.00
Key Emp
$475,133 $31,870 $507,003
ROBERT CALHOUN CEO - WEST JEFFERSON HOLDINGS 54.00
Key Emp
$707,576 $31,987 $739,563
JODY MARTIN SVP CHIEF LEGAL OFFICER 55.00
Key Emp
$772,495 $208,907 $981,402
GREGORY NIELSEN CEO -EJGH 55.00
Key Emp
$815,870 $198,654 $1,014,524
RAVI KANAGALA PHYSICIAN 50.00
Highest
$1,045,050 $32,919 $1,077,969
RUSSELL RUSSO PHYSICIAN 50.00
Highest
$967,085 $34,266 $1,001,351
ALA MOHSEN PHYSICIAN 50.00
Highest
$1,044,185 $31,303 $1,075,488
LANE WEHRLY PHYSICIAN 50.00
Highest
$1,191,634 $34,836 $1,226,470
ABHINAV SAXENA PHYSICIAN 50.00
Highest
$907,870 $22,549 $930,419
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 $1,635,655,698 $1,706,822,808 $4,317,318,445 $-71,167,110
2023 $1,626,044,230 $1,689,417,616 $4,001,304,052 $-63,373,386
2022 $505,398,925 $530,281,678 $3,121,083,959 $-24,882,753
2021 $460,794,221 $450,699,908 $2,940,292,717 $10,094,313
2020 $456,128,350 $428,710,354 $2,740,457,908 $27,417,996
2019 $382,718,243 $387,072,961 $2,358,865,527 $-4,354,718
2018 $379,885,520 $377,891,373 $2,039,214,875 $1,994,147
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