Our Lady Of Lourdes Regional Medical Center Inc
- Assets
- $397.0m
- Revenue
- $336.5m
- Investments
- $20.3m
- Employees
- 1,778
- Location
- Lafayette, LA
- Founding
- 03/1946
- Data as of
- 06/2019
- EIN
- 72-0423635
Our Lady Of Lourdes Regional Medical Center Inc Overview
Our Lady Of Lourdes Regional Medical Center Inc is located in Lafayette, LA. The organization was established in 1946. 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 06/2019, Our Lady Of Lourdes Regional Medical Center Inc employed 1,778 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 06/2019, Our Lady Of Lourdes Regional Medical Center Inc generated $336.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $325.2m during the year ending 06/2019. While expenses have increased by 3.5% per year over the past 5 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, Our Lady Of Lourdes Regional Medical Center Inc has awarded 27 individual grants totaling $763,937. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE CARE OF THE ILL, INJURED, OR DISABLED PERSONS AND TO PROVIDE FOR RESEARCH, EDUCATION, AND THE ENHANCEMENT OF HEALTH OF THOSE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL AND MEDICAL SERVICES PRIMARILY TO RESIDENTS OF SOUTH LOUISIANA. THE MEDICAL CENTER IS AN ACTIVE, CARING MEMBER OF THE COMMUNITIES IT SERVES. 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. THE MEDICAL CENTER PROVIDED SERVICES FOR 74,211 PATIENT DAYS, 14,895 INPATIENT DISCHARGES, AND 52,178 EMERGENCY ROOM VISITS IN THE YEAR ENDED JUNE 30, 2019. SEE SCHEDULE O FOR FURTHER EXPLANATION.
OUR LADY OF LOURDES RMC'S PHYSICIAN PRACTICE PROVIDES CARE TO THE NEEDY MEMBERS OF ITS COMMUNITIES.
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Our Lady Of Lourdes Regional Medical Center Inc Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin M Ardoin Staff Physician | 40 | $472,521 | |
Frank W Courmier Staff Physician | 40 | $445,195 | |
Anthony P Blalock Cmo | Officer | 40 | $438,987 |
Kelly T Cahill Jr MD Board Member/physician | Trustee | 50 | $420,752 |
Gene T Callais Staff Physician | 40 | $369,780 | |
Wartelle Castille Jr Staff Physician | 40 | $367,584 |
Our Lady Of Lourdes Regional Medical Center Inc Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fmol Health System Management Fees | 6/29/19 | $30,872,054 |
Olympus America Inc Medical Services | 6/29/19 | $1,643,506 |
La Oncology Associates Physician Services | 6/29/19 | $2,805,534 |
Trimedx Inc Equipt Maintenance | 6/29/19 | $4,681,438 |
Sodexo Inc Affiliates Management Fees | 6/29/19 | $3,013,079 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,560,423 |
| Investment income | $4,662,717 |
| Tax Exempt Bond Proceeds | $884 |
| Royalties | $0 |
| Net Rental Income | $2,530,962 |
| Net Gain/Loss on Asset Sales | $1,172,913 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $336,509,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,674,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,701,082 |
| Pension plan accruals and contributions | $5,376,832 |
| Other employee benefits | $11,127,224 |
| Payroll taxes | $6,528,764 |
| Fees for services: Management | $45,414,211 |
| Fees for services: Legal | $1,000,165 |
| Fees for services: Accounting | $1,357 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,364 |
| Fees for services: Other | $7,092,890 |
| Advertising and promotion | $798,453 |
| Office expenses | $18,318,302 |
| Information technology | $327,094 |
| Royalties | $0 |
| Occupancy | $11,712,693 |
| Travel | $249,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,856,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,093,511 |
| Insurance | $2,210,878 |
| All other expenses | $0 |
| Total functional expenses | $325,229,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,461,258 |
| Savings and temporary cash investments | $6,730,939 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,271,786 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $733,144 |
| Inventories for sale or use | $6,933,424 |
| Prepaid expenses and deferred charges | $3,058,306 |
| Investments—publicly traded securities | $100,000 |
| Investments—other securities | $20,336,391 |
| Investments—program-related | $20,731,942 |
| Intangible assets | $20,572,162 |
| Other assets | $9,896,605 |
| Total assets | $396,956,240 |
| Accounts payable and accrued expenses | $67,779,036 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $165,809,236 |
| 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 | $99,522,439 |
| Total liabilities | $333,110,711 |
| Net assets without donor restrictions | $56,581,211 |
| Net assets with donor restrictions | $7,264,318 |
| 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 | $63,845,529 |
Our Lady Of Lourdes Regional Medical Center Inc Grants Awarded
Over the last fiscal year, Our Lady Of Lourdes Regional Medical Center Inc has awarded $57,271 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Lafayette, LA PURPOSE: GENERAL SUPPORT | $19,355 |
Lafayette, LA PURPOSE: GENERAL SUPPORT | $15,000 |
Lafayette, LA | | $9,416 |
Lafayette, LA PURPOSE: GENERAL SUPPORT | $7,000 |
Lafayette, LA PURPOSE: GENERAL SUPPORT | $6,500 |
Our Lady Of Lourdes Regional Medical Center Inc Grants Recieved
Over the last fiscal year, we have identified 1 grants that Our Lady Of Lourdes Regional Medical Center Inc has recieved totaling $56,000.
| Awarding Organization | Amount |
|---|---|
Lourdes Foundation Inc Lafayette, LA PURPOSE: general support | $56,000 |
Our Lady Of Lourdes Regional Medical Center Inc Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Health Little Rock, AR | $1,512,562,013 | $965,675,038 |
Mother Frances Hospital Regional Health Care Center Tyler, TX | $705,395,204 | $847,366,783 |
Texas Health Harris Methodist Hospital Fort Worth Fort Worth, TX | $430,912,135 | $875,616,308 |
North Mississippi Medical Center Inc Tupelo, MS | $1,374,177,526 | $835,970,093 |
St Dominic-Jackson Memorial Hospital Jackson, MS | $456,520,111 | $513,403,574 |
Ochsner Lsu Health System Of North Louisiana Shreveport, LA | $197,150,200 | $572,195,990 |
Lafayette General Medical Center Inc Lafayette, LA | $517,217,270 | $559,007,569 |
St Vincent Infirmary Medical Center Little Rock, AR | $890,857,599 | $484,170,055 |
St Joseph Regional Health Center Bryan, TX | $535,670,922 | $485,659,104 |
Christus Good Shepherd Medical Center Longview, TX | $133,411,528 | $456,090,003 |
St Bernards Hospital Inc Jonesboro, AR | $378,551,172 | $475,891,792 |
Mississippi Baptist Medical Center Jackson, MS | $292,457,139 | $426,470,447 |
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