Lafourche Parish Hospital Service District 1
- Assets
- $40.9m
- Revenue
- $33.3m
- Investments
- $0.0
- Employees
- 397
- Location
- Cut Off, LA
- Founding
- 01/1975
- Data as of
- 06/2020
- EIN
- 72-6012041
Organization Overview
Lafourche Parish Hospital Service District 1 is located in Cut Off, LA. The organization was established in 1975. 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 06/2021, Lafourche Parish Hospital Service District 1 employed 397 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafourche Parish Hospital Service District 1 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 06/2020, Lafourche Parish Hospital Service District 1 generated $33.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $32.0m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HOSPITAL SERVICES, RURAL HEALTH CLINICS, AND HOME HEALTH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LADY OF THE SEA GENERAL HOSPITAL EXISTS TO PROVIDE HIGH QUALITY HEALTHCARE IN A PERSONALIZED MANNER TO THOSE WE SERVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Vega Medical Director | 40 | $405,395 | |
William W Crenshaw Medical Director | 40 | $401,940 | |
Dennis Morris Er Physician | 40 | $391,905 | |
Shawn Humphries Er Physician | 40 | $364,680 | |
Duane Luke Er Physician | 40 | $330,840 | |
Lloyd Guidry Jr COO | Officer | 40 | $199,203 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fisher Healthcare Medical Supply Vendor | 6/29/21 | $621,003 |
American Funds Service Pension Plan | 6/29/21 | $1,215,610 |
Bayou Surgical Specialists Llc Surgeons | 6/29/21 | $514,396 |
Rehabcare Group Inc O/p Therapy | 6/29/21 | $469,791 |
Kindred Hospital Rehabilitation Services Supplies | 6/29/21 | $503,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,444,581 |
| Investment income | $202,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,438 |
| 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 | $1,751,631 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,333,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $14,702 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $815,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,842,627 |
| Pension plan accruals and contributions | $404,371 |
| Other employee benefits | $3,220,698 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,926 |
| Fees for services: Accounting | $83,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,700 |
| Fees for services: Other | $5,240,755 |
| Advertising and promotion | $122,979 |
| Office expenses | $1,408,044 |
| Information technology | $25,599 |
| Royalties | $0 |
| Occupancy | $903,374 |
| Travel | $17,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,406 |
| Interest | $146,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,341,979 |
| Insurance | $514,459 |
| All other expenses | $0 |
| Total functional expenses | $32,017,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,802,747 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,070,094 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $144,033 |
| Inventories for sale or use | $657,946 |
| Prepaid expenses and deferred charges | $511,828 |
| Investments—publicly traded securities | $19,229,897 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,462,436 |
| Total assets | $40,862,809 |
| Accounts payable and accrued expenses | $897,547 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,073,000 |
| 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 | $2,126,468 |
| Other liabilities | $9,457,245 |
| Total liabilities | $14,554,260 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $26,308,549 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lafourche Parish Hospital Service District 1 has recieved totaling $77,447.
| Awarding Organization | Amount |
|---|---|
Louisiana Hospital Association Research And Education Foundation Baton Rouge, LA PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $45,150 |
Community Foundation Of Acadiana Lafayette, LA PURPOSE: Scholarships | $19,488 |
Louisiana Hospital Association Research And Education Foundation Baton Rouge, LA PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $12,809 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Health Presbyterian Hospital Allen Allen, TX | $120,470,783 | $134,687,465 |
Scott & White Hospital-Marble Falls Dallas, TX | $136,173,748 | $124,570,042 |
North Arkansas Regional Medical Center Harrison, AR | $103,662,052 | $107,685,242 |
Kings Daughters Medical Center Brookhaven, MS | $101,461,716 | $104,156,146 |
Baylor Scott & White Medical Center - Centennial Dallas, TX | $137,105,077 | $106,216,316 |
Hill Country Memorial Hospital Fredericksburg, TX | $246,858,307 | $102,790,057 |
Community Hospital Of Brazosport Lake Jackson, TX | $81,245,268 | $88,570,423 |
Texas Health Harris Methodist Hospital Cleburne Cleburne, TX | $33,076,475 | $91,535,672 |
Baptist Memorial Hospital Union County Inc New Albany, MS | $42,538,210 | $93,451,151 |
Huntsville Community Hospital Inc Huntsville, TX | $39,825,804 | $79,504,131 |
Our Lady Of The Lake Ascension Community Hospital D/B/A St Elizabeth Hospital Gonzales, LA | $0 | $78,039,267 |
Arkansas Methodist Hospital Corporation Paragould, AR | $77,904,998 | $67,012,141 |