Hospital Service District No 1 Of The Parish Of Vermilion
- Assets
- $32.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Kaplan, LA
- Founding
- 09/1973
- Data as of
- 09/2023
- EIN
- 72-6014624
Organization Overview
Hospital Service District No 1 Of The Parish Of Vermilion is located in Kaplan, LA. The organization was established in 1973. 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 09/2023, Hospital Service District No 1 Of The Parish Of Vermilion employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospital Service District No 1 Of The Parish Of Vermilion 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 09/2023, Hospital Service District No 1 Of The Parish Of Vermilion generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.7m during the year ending 09/2023. While expenses have increased by 2.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HOSPITAL PROVIDES A VARIETY OF HEALTHCARE SERVICES INCLUDING: 1) IN- PATIENT SERVICES SUCH AS ACUTE, PSYCHIATRIC AND SKILLED NURING; 2) OUT- PATIENT SERVICES SUCH AS DIAGNOSTIC AND THERAPEUTIC ANCILLARIES, EMERGENCY ROOM, AND PHYSICIAN SPECIALTY CLINICS; AND 3) OTHER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL SERVICES, IN-PATIENT AND OUT-PATIENT, PROVIDED BY A HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcell Broussard Commissioner | Trustee | 2 | $3,800 |
Scott Bergeaux Commissioner | Trustee | 2 | $3,600 |
Crystal Marceaux Commissioner | Trustee | 2 | $3,200 |
Mona Hebert Chairperson | OfficerTrustee | 2 | $2,800 |
James Hargrave Commissioner | Trustee | 2 | $2,600 |
Jagdish Gupta Commissioner | Trustee | 2 | $2,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Healthcare Inc Bhu Mgmt Services | 9/29/15 | $763,530 |
Vermilion Emergency Group Inc Er Physicians | 9/29/15 | $167,859 |
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 | $0 |
| Investment income | $673,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $248,048 |
| 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 | $2,998,376 |
| 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 | $38,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,015 |
| 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 | $45,100 |
| Advertising and promotion | $0 |
| Office expenses | $2,885 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,050 |
| Insurance | $214,828 |
| All other expenses | $2,043,430 |
| Total functional expenses | $2,696,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,253,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,212 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,646,854 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $215,372 |
| Net Land, buildings, and equipment | $6,023,077 |
| Investments—publicly traded securities | $10,082,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $437,178 |
| Total assets | $32,946,464 |
| Accounts payable and accrued expenses | $304,614 |
| 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 | $1,315,800 |
| Total liabilities | $1,620,414 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $31,326,050 |
| Total liabilities and net assets/fund balances | $32,946,464 |