Lafourche Parish Hospital Service District No 1
- Assets
- $42.5m
- Revenue
- $41.8m
- Investments
- $0.0
- Employees
- 367
- Location
- Cut Off, LA
- Founding
- 01/1975
- Data as of
- 06/2021
- EIN
- 72-6012041
Organization Overview
Lafourche Parish Hospital Service District No 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 06/2022, Lafourche Parish Hospital Service District No 1 employed 367 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafourche Parish Hospital Service District No 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 06/2021, Lafourche Parish Hospital Service District No 1 generated $41.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $33.0m during the year ending 06/2021. 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
2021
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 |
|---|---|---|---|
Dennis Morris Er Physician | 40 | $385,290 | |
Jay Vega Medical Director | 40 | $380,851 | |
Shawn Humphries Er Physician | 40 | $344,790 | |
John Jackson Md Family Phsician | 40 | $265,575 | |
Duane Luke Er Physician | 40 | $242,640 | |
Lloyd Guidry Jr COO | Officer | 40 | $192,272 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Funds Service Pension Plan | 6/29/22 | $1,130,348 |
Fisher Healthcare Medical Supply Vendor | 6/29/22 | $821,053 |
Kindred Hospital Rehabilitation Services Supplies | 6/29/22 | $681,806 |
Ge Health Financial Services Equipment Leasing | 6/29/22 | $381,215 |
Dcmc Llc Disaster Recovery Mgmt | 6/29/22 | $350,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,263,250 |
| Investment income | $37,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,835 |
| 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 | $1,544,976 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,847,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $11,197 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $845,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,356,207 |
| Pension plan accruals and contributions | $405,462 |
| Other employee benefits | $3,412,532 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,969 |
| Fees for services: Accounting | $73,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,721 |
| Fees for services: Other | $1,425,359 |
| Advertising and promotion | $120,898 |
| Office expenses | $1,560,939 |
| Information technology | $27,154 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,214 |
| Interest | $136,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,284,094 |
| Insurance | $541,412 |
| All other expenses | $0 |
| Total functional expenses | $33,040,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,336,635 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,401,158 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $121,016 |
| Inventories for sale or use | $639,662 |
| Prepaid expenses and deferred charges | $514,302 |
| Investments—publicly traded securities | $18,880,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,048,510 |
| Total assets | $42,463,964 |
| Accounts payable and accrued expenses | $751,119 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,385,000 |
| 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 | $1,176,022 |
| Other liabilities | $4,035,877 |
| Total liabilities | $7,348,018 |
| 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 | $35,115,946 |