Overview
What is Southwest Louisiana Hospital Association?
Southwest Louisiana Hospital Association, doing business as Lake Charles Memorial Hospital (LCMH), is a community-based healthcare organization with a mission to enhance the health and wellbeing of the Southwest Louisiana population. They provide medical care to individuals regardless of their ability to pay. In addition, they offer various community service programs, including educational initiatives and health screenings, often free of charge or at reduced costs. LCMH's sports medicine alliance offers pre-participation physicals, workshops, and scholarships, while they also make significant donations to non-profit agencies. Moreover, they invest in medical education and contribute to community events and seminars. With a workforce of over 3,000 employees, LCMH aims to provide a comprehensive range of innovative healthcare services throughout the region.
Official website here: www.lcmh.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Southwest Louisiana Hospital Association has received a Three-Star rating from Charity Navigator, reflecting a commendable score of 81% in Accountability & Finance. This rating is significant as it indicates a strong commitment to financial integrity and transparency, which is essential for nonprofit organizations. The score was derived entirely from the Accountability & Finance beacon, showcasing the organization’s focus on responsible management of its resources.
The organization excels in several areas, including having a majority of independent board members and a well-structured audit and oversight committee, both of which contribute to good governance practices. Additionally, their program expense ratio is impressive, with 95.51% of expenses directed towards their programs, highlighting their dedication to impactful service delivery. Their adherence to policies regarding conflict of interest and whistleblower protection further underscores their commitment to ethical operations.
However, there are some areas for improvement, particularly noted in their liabilities to assets ratio, which scored 0 out of 15 points. This suggests potential concerns regarding financial stability or leverage that the organization may need to address. Overall, while the Southwest Louisiana Hospital Association shows strong accountability and program effectiveness, attention to their financial structure could enhance their long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Louisiana Hospital Association legitimate?
Southwest Louisiana Hospital Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Louisiana Hospital Association 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: $8,076,601
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,153,593
For more financial information, click here
Official website here: www.lcmh.com
What is the mission statement of Southwest Louisiana Hospital Association?
Lake Charles Memorial Hospital is dedicated to enhancing the health and well-being of people in Louisiana and East Texas. Through a comprehensive range of services, the organization focuses on health education, disease prevention, and diagnostic and treatment options delivered in a compassionate and safe manner. As a community-based hospital, Lake Charles Memorial goes beyond providing medical care to those in need by offering free or reduced-cost community programs, such as sports medicine alliances, health screenings, educational seminars, and information booths at community events. By investing in medical education and making charitable donations to various non-profit agencies, Lake Charles Memorial Hospital significantly contributes to the overall health and well-being of the community. In 2022, the hospital's total net community contributions reached $6,328,432.
Official website here: www.lcmh.com
Who is the CEO of Southwest Louisiana Hospital Association?
Devon Hyde is the CEO of Southwest Louisiana Hospital Association The CEO's salary of Southwest Louisiana Hospital Association is $990,890 and their total compensation is $1,014,667.
Official website here: www.lcmh.com
What is the revenue of Southwest Louisiana Hospital Association?
Southwest Louisiana Hospital Association's revenue in 2023 was $502,290,228.
Official website here: www.lcmh.com
Who are the executives of Southwest Louisiana Hospital Association and what are their salaries?
The average compensation at Southwest Louisiana Hospital Association during 2023 was $40,009. There are 3230 employees and 128 volunteers at Southwest Louisiana Hospital Association.
Here are 28 key members and their salaries (Southwest Louisiana Hospital Association's CEO's salary is $990,890 and their total compensation is $1,014,667):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $990,890
- Related: $0
- Other: $23,777
- Compensation: $489,566
- Related: $0
- Other: $20,937
- Compensation: $372,363
- Related: $0
- Other: $33,176
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,092,304
- Related: $0
- Other: $20,937
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $107,355
- Related: $0
- Other: $0
- Compensation: $1,234,430
- Related: $0
- Other: $31,720
- Compensation: $1,148,591
- Related: $0
- Other: $21,973
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $580,357
- Related: $0
- Other: $32,720
- Compensation: $364,031
- Related: $0
- Other: $31,520
- Compensation: $300,490
- Related: $0
- Other: $10,207
- Compensation: $433,857
- Related: $0
- Other: $26,158
- Compensation: $256,309
- Related: $0
- Other: $15,312
- Compensation: $706,058
- Related: $0
- Other: $27,278
- Compensation: $1,379,781
- Related: $0
- Other: $24,758
- Compensation: $1,323,273
- Related: $0
- Other: $25,799
- Compensation: $1,198,488
- Related: $0
- Other: $13,200
- Compensation: $1,187,681
- Related: $0
- Other: $33,970
- Compensation: $1,169,804
- Related: $0
- Other: $13,200
- Compensation: $741,398
- Related: $0
- Other: $32,520
- Compensation: $307,953
- Related: $0
- Other: $30,771
- Compensation: $728,987
- Related: $0
- Other: $25,393
Official website here: www.lcmh.com
Where can I find the form 990 for Southwest Louisiana Hospital Association?
Southwest Louisiana Hospital Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lcmh.com
Learn more at the official website: www.lcmh.com
Mission Statement of Southwest Louisiana Hospital Association
Lake Charles Memorial Hospital, a community-based healthcare provider, is committed to enhancing the health and wellbeing of the people in South Louisiana and East Texas. With a mission to provide a comprehensive range of innovative services, including health education, disease prevention, and diagnostic and treatment options, the hospital aims to improve the overall health of the region. By offering these services in a personalized, caring, and safe manner, Lake Charles Memorial Hospital seeks to make a significant impact on the health and wellbeing of the community it serves.
Through its various community service programs, the hospital provides educational programs and health screenings, often free of charge or at a reduced cost to consumers. For instance, Lake Charles Memorial Hospital's Sports Medicine Alliance offers pre-participation physicals, athletic assessments, and educational workshops to area athletes and students, helping them maintain their health and wellbeing. Additionally, the hospital provides free health screenings, educational seminars, and informational booths at community events, solidifying its commitment to health and wellness education. By staffing industrial, corporate, and school health fairs, Lake Charles Memorial Hospital's professionals extend their expertise beyond the hospital walls, reaching a broader audience and fostering a healthier community.
Investing in medical education is another vital aspect of Lake Charles Memorial Hospital's mission. The hospital contributes substantial resources to the Louisiana State University Health Services Center-Family Practice Residency Program, ensuring the area has a steady supply of qualified healthcare professionals. Through its charitable donations, the hospital also extends its reach to various non-profit agencies, further bolstering the community's healthcare infrastructure.
Lake Charles Memorial Hospital's net community contributions totaled $6,328,432 in 2022, demonstrating its unwavering dedication to enhancing the health and wellbeing of the people it serves.
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Impact
October, 2024
The Southwest Louisiana Hospital Association significantly enhances the health and wellness of the Lake Charles community and surrounding areas. Through Lake Charles Memorial Hospital (LCMH), it offers comprehensive healthcare services and a wide range of community programs designed to improve public health.
LCMH's commitment to accessibility ensures that medical care is available to everyone, regardless of their ability to pay. In 2022, the hospital provided substantial community benefits, including over $565,000 for sports medicine services that support local athletes through physicals, assessments, and educational workshops. Additionally, LCMH actively engages with the community by offering free health screenings and educational seminars, contributing over $344 to various community events aimed at promoting health awareness.
The impact on local healthcare education is profound, with an investment of nearly $8 million in the Louisiana State University Health Services Center's Family Practice Residency Program, resulting in significant contributions towards building a qualified workforce of healthcare professionals—benefiting the community by over $5.5 million.
Moreover, LCMH's charitable donations to local nonprofit organizations further enhance regional health services, totaling nearly $234,000. Overall, LCMH reflects a strong commitment to fostering improved health outcomes through education, preventive care, and direct medical services, resulting in a total community contribution exceeding $6.3 million in 2022. This multifaceted approach not only addresses immediate healthcare needs but also invests in the long-term health of the Southwest Louisiana population.
This information is meant to be a general summary of Southwest Louisiana Hospital Association. 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 2023.
- Investment Income: $1,437,709
- Program Service Revenue: $499,684,704
- Gross Receipts: $502,821,185
Assets and Liabilities:
- Total Assets: $326,877,814
- Total Liabilities: $230,926,372
- Net Assets: $95,951,442
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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
$493,688,453
MANAGEMENT FEES
Revenue
$4,413,470
CAFETERIA
Revenue
$1,582,781
Organization Details
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