Our Lady Of The Lake Assumption Community Hospital Inc
- Assets
- $21.4m
- Revenue
- $12.7m
- Investments
- $7.0m
- Employees
- 59
- Location
- Baton Rouge, LA
- Founding
- 01/1972
- Data as of
- 06/2022
- EIN
- 72-1495500
Organization Overview
Our Lady Of The Lake Assumption Community Hospital Inc is located in Baton Rouge, LA. The organization was established in 1972. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Our Lady Of The Lake Assumption Community Hospital Inc employed 59 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Our Lady Of The Lake Assumption Community Hospital Inc 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 06/2022, Our Lady Of The Lake Assumption Community Hospital Inc generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 7 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
THE PURPOSE OF THE HOSPITAL IS TO PROVIDE FOR THE CARE OF ILL, INJURED AND SEE SCHEDULE O.DISABLED PERSONS AND TO ENHANCE THE HEALTH OF THOSE IN THE COMMUNITY THROUGH RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LADY OF THE LAKE ASSUMPTION PROVIDES TWENTY-FOUR HOUR HEALTHCARE SERVICES FOR PATIENTS IN THE SURROUNDING RURAL COMMUNITIES. THE HOSPITAL HAD 5,295 EMERGENCY ROOM VISITS THIS YEAR. THE HOSPITAL'S EMERGENCY ROOM IS OPEN TO EVERYONE, REGARDLESS OF ABILITY TO PAY. THE HOSPITAL ALSO PROVIDED 19,267 LAB TESTS AND 40 INPATIENT DAYS DURING THE YEAR. IN CARRYING OUT ITS MISSION OF MEETING THE HEALTHCARE NEEDS OF THE PEOPLE OF GOD, THE MEDICAL CENTER HAS ESTABLISHED A POLICY UNDER WHICH IT PROVIDES CARE TO NEEDY MEMBERS OF ITS COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie G Manson Board Member | Trustee | 2 | $0 |
Lowell E Stanton Regional CFO | OfficerTrustee | 2.5 | $0 |
Brian F Tripode Board Member/supv Pharmacy | Trustee | 40 | $182,462 |
Kenneth Wester Board Member/olol President | Trustee | 2 | $0 |
Charles P Bolotte MD Board Member | Trustee | 10 | $0 |
Yolanda Dixon Board Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Correct Care Inc Medical Services | 6/29/22 | $1,328,862 |
Fmol Health System Lab Management Fees | 6/29/22 | $423,566 |
Trane Us Inc Equipment Services | 6/29/22 | $170,892 |
Crothall Healthcare Inc Cleaning Services | 6/29/22 | $116,857 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $391,017 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,737 |
| Total Program Service Revenue | $11,819,737 |
| Investment income | $63,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,380 |
| Net Gain/Loss on Asset Sales | $369,288 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,675,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $121 |
| 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. | $187,410 |
| Compensation of current officers, directors, key employees. | $41,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,996,352 |
| Pension plan accruals and contributions | $196,240 |
| Other employee benefits | $429,242 |
| Payroll taxes | $215,886 |
| Fees for services: Management | $1,557,162 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,068 |
| Fees for services: Other | $397,900 |
| Advertising and promotion | $100,676 |
| Office expenses | $478,065 |
| Information technology | $15,169 |
| Royalties | $0 |
| Occupancy | $220,338 |
| Travel | $3,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $343,034 |
| Insurance | $41,737 |
| All other expenses | $0 |
| Total functional expenses | $8,193,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,049,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,150,641 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,037 |
| Net Land, buildings, and equipment | $2,444,193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,049,958 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $680,006 |
| Total assets | $21,383,331 |
| Accounts payable and accrued expenses | $2,686,568 |
| Grants payable | $0 |
| Deferred revenue | $81,545 |
| 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 | $0 |
| Total liabilities | $2,768,113 |
| Net assets without donor restrictions | $18,515,218 |
| Net assets with donor restrictions | $100,000 |
| 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 | $21,383,331 |