Overview
What is Lafayette General Health System Inc?
Lafayette General Health System Inc, based in Lafayette, Louisiana, functions as the umbrella organization for several 501(C)(3) healthcare entities. These entities include Lafayette General Medical Center, St. Martin Hospital, University Hospital and Clinics, Acadia General Hospital, Lafayette Health Ventures, Lafayette General Foundation, and Kaplan General Hospital. The organization provides essential support for these entities, contributing to their missions of delivering medical care to the local community. By recording the organizations' shares of their subsidiaries' earnings and receiving management fees, Lafayette General Health System ensures the sustainability and effectiveness of these healthcare providers, ultimately contributing to the restoration, maintenance, and improvement of community health.
Official website here: www.ochsner.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 75% (Three-Star out of Four Stars)
Lafayette General Health System Inc has received a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score reflects a focus entirely on the Accountability & Finance category, where the organization scored 75%. Key strengths include a high program expense ratio of 90.55%, showing a strong commitment to its programs and services.
However, there are notable areas of concern regarding governance. With only 47% of board members being independent, the organization did not score points in that category. Additionally, while the audit and oversight committee performed well, the absence of the nonprofit's tax form on its website resulted in a loss of points for transparency, which could impact public trust.
Overall, while Lafayette General Health System Inc demonstrates solid financial management and program effectiveness, there are areas for improvement in board independence and transparency that could enhance its reputation and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lafayette General Health System Inc legitimate?
Lafayette General Health System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette General Health System Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,352,390
For more financial information, click here
Official website here: www.ochsner.org
What is the mission statement of Lafayette General Health System Inc?
Lafayette General Health System Inc is an organization established to support and benefit its affiliated 501(c)(3) healthcare entities. Their primary objective is to aid these organizations in providing medical care to restore, maintain, and improve the health of the community they serve. The healthcare systems under Lafayette General Health System Inc manage and oversee the missions of these entities, recording a portion of their subsidiaries' earnings as well as receiving management fees. These hospitals offer essential medical care to the community, ensuring their wellbeing and recovery.
Official website here: www.ochsner.org
Who is the CEO of Lafayette General Health System Inc?
Patrick Gandy is the Principal Officer of Lafayette General Health System Inc. The CEO's salary of Lafayette General Health System Inc is $0 and their total compensation is $939,191.
Official website here: www.ochsner.org
What is the revenue of Lafayette General Health System Inc?
Lafayette General Health System Inc's revenue in 2022 was $218,297,858.
Official website here: www.ochsner.org
Who are the executives of Lafayette General Health System Inc and what are their salaries?
There 24 volunteers at Lafayette General Health System Inc.
Here are 36 key members and their salaries (Lafayette General Health System Inc's CEO's salary is $0 and their total compensation is $939,191):
- Compensation: $0
- Related: $40,000
- Other: $0
- Compensation: $0
- Related: $342,587
- Other: $15,294
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $56,294
- Other: $0
- Compensation: $0
- Related: $722
- Other: $0
- Compensation: $0
- Related: $16,332
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $641,032
- Other: $20,990
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $13,485
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $47
- Other: $0
- Compensation: $0
- Related: $4,486,995
- Other: $29,651
- Compensation: $0
- Related: $703,070
- Other: $25,483
- Compensation: $0
- Related: $738
- Other: $0
- Compensation: $0
- Related: $3,923,201
- Other: $30,750
- Compensation: $0
- Related: $701
- Other: $0
- Compensation: $0
- Related: $2,015,533
- Other: $24,731
- Compensation: $0
- Related: $10,003,805
- Other: $1,332,255
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $663
- Other: $0
- Compensation: $0
- Related: $668
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $917,458
- Other: $21,733
- Compensation: $0
- Related: $570,325
- Other: $23,826
- Compensation: $0
- Related: $610,152
- Other: $22,645
- Compensation: $0
- Related: $1,091,127
- Other: $30,298
- Compensation: $0
- Related: $139,488
- Other: $0
- Compensation: $0
- Related: $64,500
- Other: $0
- Compensation: $0
- Related: $567,147
- Other: $14,619
- Compensation: $0
- Related: $942,819
- Other: $23,537
- Compensation: $0
- Related: $922,806
- Other: $19,993
- Compensation: $0
- Related: $1,298,522
- Other: $23,258
- Compensation: $0
- Related: $922,666
- Other: $23,456
- Compensation: $0
- Related: $1,602,082
- Other: $18,880
Official website here: www.ochsner.org
Where can I find the form 990 for Lafayette General Health System Inc?
Lafayette General Health System Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ochsner.org
Learn more at the official website: www.ochsner.org
Mission Statement of Lafayette General Health System Inc
Lafayette General Health System, Inc., a supportive entity, dedicates itself to advancing the missions of its related 501(c)(3) healthcare organizations. These entities focus on delivering medical care to restore, maintain, and enhance the health of the community they serve. The system's primary role is to provide beneficial support in various aspects, ranging from management to revenue sharing.
The healthcare entities under Lafayette General Health System's umbrella include Lafayette General Medical Center, St. Martin Hospital, University Hospital and Clinics, Acadia General Hospital, Lafayette Health Ventures, Lafayette General Foundation, and Kaplan General Hospital. Each of these organizations plays a crucial role in catering to the medical needs of their community. In return, Lafayette General Health System offers invaluable assistance through management support and revenue sharing from the subsidiaries' earnings.
By fostering a robust network of healthcare organizations, Lafayette General Health System contributes significantly to the wellbeing of the community. These healthcare entities work tirelessly to address the diverse medical needs of the population, ensuring that top-tier care is accessible to all. With a shared commitment to improving community health, Lafayette General Health System stands as a beacon of hope and support, empowering its related entities to make a profound difference in people's lives.
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Impact
October, 2024
Lafayette General Health System Inc plays a crucial role in enhancing the health and well-being of the community it serves. By supporting a network of affiliated healthcare entities, including hospitals and clinics, it ensures access to essential medical care tailored to the needs of the local population. This system focuses on restoring, maintaining, and improving health outcomes, directly impacting the quality of life for residents in Lafayette, Louisiana, and surrounding areas.
The organization provides significant management support to its subsidiaries, facilitating efficient operations and enabling each facility to concentrate on delivering high-quality healthcare services. Through its collaborations with Lafayette General Medical Center, St. Martin Hospital, and others in its network, Lafayette General Health System Inc effectively addresses various health challenges faced by the community, making it an integral provider of care in the region.
Moreover, the health system facilitates financial stability for its hospitals through shared earnings and management fees, allowing for reinvestment in health services and infrastructure. This positions Lafayette General Health System Inc as a pivotal entity in fostering a healthier community, emphasizing the importance of accessible, comprehensive healthcare solutions.
This information is meant to be a general summary of Lafayette General Health System Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,218,066
- Program Service Revenue: $56,109,276
- Gross Receipts: $218,297,858
Assets and Liabilities:
- Total Assets: $1,225,894,578
- Total Liabilities: $822,413,184
- Net Assets: $403,481,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$54,185,855
MANAGEMENT FEE
Revenue
$1,904,449
EQUITY INCOME - JOINT VENTURE
Revenue
$18,972
Organization Details
Founding Year
2002
Phone
(337) 289-7398Principal Officer
Patrick Gandy
Main Address
920 W PINHOOK, LAFAYETTE, LA, 70503
Website
www.ochsner.orgNTEE Category
Code: E21 - Health
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