Childrens Hospital Anesthesia Corporation
- Assets
- $16.0m
- Revenue
- $48.7m
- Investments
- $0.0
- Employees
- 225
- Location
- New Orleans, LA
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 06-1587311
Organization Overview
Childrens Hospital Anesthesia Corporation, operating under the name Lcmc Health Anesthesia Corporation, is located in New Orleans, LA. The organization was established in 2002. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Lcmc Health Anesthesia Corporation employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lcmc Health Anesthesia Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lcmc Health Anesthesia Corporation generated $48.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.3% each year . All expenses for the organization totaled $48.7m during the year ending 12/2022. While expenses have increased by 29.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THIS CORPORATION IS FORMED FOR THE PURPOSE OF ENGAGING IN THE PRACTICE OF (CONT'D ON SCH O) MEDICINE IN CONJUNCTION WITH AND IN SUPPORT OF THE PATIENT CARE, GRADUATE MEDICAL EDUCATION AND RESEARCH MISSIONS OF LCMC AFFILIATED HEALTHCARE FACILITIES TO PROVIDE IN CONJUNCTION WITH LCMC AFFILIATED HEALTHCARE FACILITIES AND MANAGED HEALTHCARE FACILITIES, COST-EFFECTIVE COMPREHENSIVE ANESTHESIA AND ANESTHESIA-RELATED SERVICES TO THE COMMUNITIES SERVED BY THE LCMC HEALTH SYSTEM AND TO RENDER ALL SERVICES INCIDENTAL OR ANCILLARY THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT SERVICES: CHILDREN'S HOSPITAL ANESTHESIA CORPORATION BEGAN OPERATIONS ON JULY 1, 2000. DURING 2021, CHILDREN'S HOSPITAL ANESTHESIA CORPORATION'S MEDICAID POPULATION REPRESENTED 37.70% OF TOTAL GROSS PATIENT REVENUES. CHILDREN'S HOSPITAL ANESTHESIA CORPORATION DOES NOT DISCRIMINATE ON ANY PATIENT'S ABILITY TO PAY AND, IN ADDITION TO THE MEDICAID POPULATION SERVED, RENDERED SERVICES TOTALING OVER $668,275 IN FREE CARE DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory C Feirn Board Member, CEO Lcmc | Trustee | 1 | $0 |
John Heaton MD Board Member/pres | OfficerTrustee | 1 | $0 |
Brandon S Black Anesthesiologist | 40 | $585,620 | |
Akkara Paul Anesthesiologist | 40 | $594,925 | |
Patrick S Mccarty Anesthesiologist | 40 | $640,462 | |
Christopher J Broussard Anesthesiologist | 40 | $663,969 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Louisiana Anesthesia Anesthesiology Services | 12/30/22 | $1,176,170 |
Anesthesia Resource Network Inc Billing & Collection Services | 12/30/22 | $1,096,967 |
Lynley Leithead Md Anesthesiology Services | 12/30/22 | $153,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $48,724,664 |
| Investment income | $6,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,731,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,692,650 |
| Pension plan accruals and contributions | $875,001 |
| Other employee benefits | $932,325 |
| Payroll taxes | $2,109,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,446 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,915,032 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $21,375 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,863 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $945,570 |
| All other expenses | $4,251 |
| Total functional expenses | $48,731,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,934,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,104,601 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,372,022 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $571,595 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,982,874 |
| Accounts payable and accrued expenses | $6,456,567 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,521,433 |
| Total liabilities | $15,978,000 |
| Net assets without donor restrictions | $4,874 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,982,874 |