Louisiana Hospital Association
- Assets
- $29.9m
- Revenue
- $7.3m
- Investments
- $7.3m
- Employees
- 25
- Location
- Baton Rouge, LA
- Founding
- 02/1968
- Data as of
- 12/2022
- EIN
- 72-0489377
Organization Overview
Louisiana Hospital Association is located in Baton Rouge, LA. The organization was established in 1968. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2022, Louisiana Hospital Association employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Hospital Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Louisiana Hospital Association generated $7.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $6.1m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 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
TO SUPPORT MEMBERS THROUGH ADVOCACY, EDUCATION, AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT MEMBERS THROUGH ADVOCACY, EDUCATION, AND SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason E Cobb Fache Immediate Past-Chair | OfficerTrustee | 1 | $0 |
Paul Salles President & Ceo/ Secretary | OfficerTrustee | 38 | $663,147 |
Jeremy M Tinnerello Northeast District Trustee | Trustee | 1 | $0 |
Gregory C Feirn Chair | OfficerTrustee | 1 | $0 |
Joan M Coffman Northshore District Truste | Trustee | 1 | $0 |
Kenneth J Cochran Acadiana District Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compose Digital Design Llc Media For Public Relations | 12/30/20 | $147,850 |
Jackson Construction Co Construction | 12/30/20 | $116,988 |
Robin & Associates Media & Public Relations | 12/30/20 | $106,000 |
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 | $4,795,521 |
| Investment income | $363,511 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $380,081 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $310,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,302,147 |
| 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. | $2,768,616 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,461 |
| Pension plan accruals and contributions | $61,688 |
| Other employee benefits | $549,901 |
| Payroll taxes | $149,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,950 |
| Fees for services: Accounting | $31,661 |
| Fees for services: Lobbying | $165,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,799 |
| Fees for services: Other | $90,922 |
| Advertising and promotion | $72,001 |
| Office expenses | $412,599 |
| Information technology | $148,358 |
| Royalties | $0 |
| Occupancy | $21,861 |
| Travel | $120,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,083 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,443 |
| Insurance | $75,542 |
| All other expenses | $112,284 |
| Total functional expenses | $6,132,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,473,738 |
| Savings and temporary cash investments | $1,819,956 |
| Pledges and grants receivable | $123,317 |
| Accounts receivable, net | $397,267 |
| 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 | $163,512 |
| Net Land, buildings, and equipment | $1,022,837 |
| Investments—publicly traded securities | $13,652,505 |
| Investments—other securities | $7,301,624 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,918,789 |
| Total assets | $29,873,545 |
| Accounts payable and accrued expenses | $532,939 |
| Grants payable | $0 |
| Deferred revenue | $4,904,485 |
| 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 | $914,020 |
| Total liabilities | $6,351,444 |
| Net assets without donor restrictions | $23,522,101 |
| 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 | $29,873,545 |
Grants Awarded
Over the last fiscal year, Louisiana Hospital Association has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOUISIANA HOSPITAL ASSOCIATION RESEARCH AND EDUCATION FOUNDATION PURPOSE: TO SUPPORT THE LOUISIANA CARE FUND | $25,000 |
COALITION TO PROTECT AMERICA'S HEALTH CARE PURPOSE: TO SUPPORT AMERICAN HEALTH CARE | $10,000 |