Lafayette General Health System Inc
- Assets
- $1.2b
- Revenue
- $258.3m
- Investments
- $126.0m
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 38-3646817
Organization Overview
Lafayette General Health System Inc, operating under the name Ochsner Lafayette Health System, is located in Lafayette, LA. The organization was established in 2002. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ochsner Lafayette Health System 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 12/2023, Ochsner Lafayette Health System generated $258.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $252.0m during the year ending 12/2023. While expenses have increased by 11.8% per year over the past 9 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.
Since 2015, Ochsner Lafayette Health System has awarded 88 individual grants totaling $36,885,982. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ORGANIZED FOR THE BENEFIT AND SUPPORT OF ITS RELATED 501(C)(3) HEALTH CARE ENTITIES WHICH PROVIDE MEDICAL CARE TO RESTORE, MAINTAIN AND IMPROVE THE HEALTH OF THE COMMUNITY IN WHICH IT SERVES
Describe the Organization's Program Activity:
LAFAYETTE GENERAL HEALTH SYSTEM, INC. THE PARENT ENTITY OF LAFAYETTE GENERAL MEDICAL CENTER, INC., ST. MARTIN HOSPITAL, INC., UNIVERSITY HOSPITAL AND CLINICS, ACADIA GENERAL HOSPITAL, LAFAYETTE HEALTH VENTURES, INC., LAFAYETTE GENERAL FOUNDATION, AND KAPLAN GENERAL HOSPITAL PROVIDED SUPPORT OF THE MISSIONS OF THESE 501(C)(3) ORGANIZATIONS AND THIER RELATED ORGANIZATIONS DURING THE YEAR. THESE HOSPITALS PROVIDE NEEDED MEDICAL CARE TO THE COMMUNITY. THE HEALTH SYSTEMS ALSO PROVIDES MANAGEMENT SUPPORT FOR THESE ORGANIZATIONS. THE REVENUE RECORDED IS THE ORGANIZATIONS SHARE OF ITS SUBSIDIARIES' EARNINS FOR THE YEAR, AS WELL AS MANAGEMENT FEES PAID BY THE OTHER ORGANIZATION TO THE HEALTH SYSTEM.
COMMUNITY MEDICAL CARE PROVIDER. THE ORGANIZATION PROVIDES NEEDED MEDICAL CARE TO THE PARISH REGARDLESS OF THE PATIENT'S ABILITY TO PAY. SERVICES INCLUDE INPATIENT AND OUTPATIENT CARE IN FURTHERANCE OF THE ORGANIZATION'S HEALTHCARE MISSION.PROGRAM SERVICES STATISTICS RELATED TO PROVIDING COMMUNITY MEDICAL CARE FOR THE HOSPITAL DURING FYE 12/31/23 WERE: 49 LICENSED BEDS, 8,081 TOTAL PATIENT DAYS, 14,248 EMERGENCY ROOM VISITS, 424 INPATIENT SURGERIES AND 1,182 OUTPATIENT SURGERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Broussard MD Trustee (end 2/2023) | Trustee | 1 | $0 |
Casey Hoyt Trustee | Trustee | 1 | $0 |
Chris Rader Trustee (beg 2/2023) | Trustee | 1 | $0 |
Clay Allen Emeritus Trustee Non-Voting | Trustee | 1 | $0 |
David Wilson Trustee | Trustee | 1 | $0 |
Edward Yerger Trustee (beg 2/2023) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gifted Nurses Llc Nursing Services | 12/30/21 | $10,611,969 |
Advantage Medical Professional Therapy Services | 12/30/21 | $8,374,847 |
Cardiovascular Institute Of The South Cardiology Services | 12/30/21 | $6,962,917 |
Parish Anesthesia Of Lafayette Anesthesia Coverage | 12/30/21 | $4,905,162 |
Acadiana Radiation Therapy Llc Radiation Therapy | 12/30/21 | $7,851,704 |
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 | $72,753,454 |
| Investment income | $3,921,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,347,215 |
| Net Gain/Loss on Asset Sales | $5,313,235 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,083,035 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,331,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,072 |
| 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 | $50,225,137 |
| Pension plan accruals and contributions | $1,062,366 |
| Other employee benefits | $4,473,091 |
| Payroll taxes | $3,002,135 |
| Fees for services: Management | $93,521,372 |
| Fees for services: Legal | $252,713 |
| Fees for services: Accounting | $4,946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $151,804 |
| Fees for services: Other | $11,482,779 |
| Advertising and promotion | $106,431 |
| Office expenses | $5,070,741 |
| Information technology | $8,078,204 |
| Royalties | $0 |
| Occupancy | $14,167,974 |
| Travel | $139,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,253 |
| Interest | $7,894,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,199,464 |
| Insurance | $6,586,052 |
| All other expenses | $613,279 |
| Total functional expenses | $252,001,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,047,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,511,808 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,304,578 |
| Prepaid expenses and deferred charges | $4,181,942 |
| Net Land, buildings, and equipment | $371,018,052 |
| Investments—publicly traded securities | $33,611,631 |
| Investments—other securities | $125,959,377 |
| Investments—program-related | $0 |
| Intangible assets | $18,125,551 |
| Other assets | $618,885,086 |
| Total assets | $1,189,645,345 |
| Accounts payable and accrued expenses | $9,436,236 |
| 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 | $5,757,387 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $763,367,697 |
| Total liabilities | $778,561,320 |
| Net assets without donor restrictions | $411,084,025 |
| 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 | $1,189,645,345 |
Grants Awarded
Over the last fiscal year, Lafayette General Health System Inc has awarded $42,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN LAFAYETTE UNLIMITED PURPOSE: DONATION | $25,000 |
MADDIE'S FOOTPRINTS PURPOSE: DONATION | $10,000 |
AMERICAN HEART ASSOCIATION INC PURPOSE: DONATION | $7,500 |