Overview
What is Lafayette Health Ventures Inc?
Lafayette Health Ventures Inc is a nonprofit organization headquartered in Lafayette, Louisiana. Their primary objective is to operate businesses, specifically physician practices, that contribute financially to the mission of Lafayette General Medical Center (LGMC), a non-profit hospital. LHVI's service lines include family medicine, hematology/oncology, internal medicine, interventional cardiology, neurology services, neurosurgery, radiation oncology, orthopedics, telemedicine, and urgent care clinics. By providing these healthcare services, LHVI helps restore, maintain, and improve the health of the community they serve, regardless of a patient's ability to pay. LHVI supports LGMC's mission through various educational initiatives, such as organizing seminars, volunteering for community events like the Zydeco Marathon, and setting up testing and vaccination clinics.
Official website here: www.ochsner.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 66%)
Lafayette Health Ventures Inc has received a two-star rating from Charity Navigator, indicating that the organization has significant room for improvement in various areas of accountability and financial management. The organization excels in program expenses, with 85.89% of its budget directed toward its programs, which reflects its commitment to fulfilling its mission. Additionally, it has strong scores for its audit and oversight committee, as well as policies related to conflict of interest and whistleblower protections.
However, the nonprofit lacks independent board members, scoring 0% in that category, which raises concerns about governance and oversight. Its liabilities to assets ratio is also quite high at 575.83%, suggesting potential financial instability. Furthermore, the organization has not made its tax form available on its website, which could limit transparency and access to important financial information for stakeholders.
Overall, while Lafayette Health Ventures Inc demonstrates a strong commitment to its programs, it must address governance challenges and improve transparency to enhance its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Lafayette Health Ventures Inc legitimate?
Lafayette Health Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette Health Ventures 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: $64,853,104
For more financial information, click here
Official website here: www.ochsner.org/
What is the mission statement of Lafayette Health Ventures Inc?
Lafayette Health Ventures Inc operates businesses that contribute financially to the mission of Lafayette General Medical Center (LGMC), which is to provide medical care and improve the health of people in the community, regardless of their ability to pay. LHVI's focus as a community medical care provider aligns with LGMC's mission. LHVI's service lines include family medicine, hematology/oncology, internal medicine, interventional cardiology, neurology services, neurosurgery, radiation oncology, orthopedics, telemedicine, and urgent care clinics. LHVI takes a proactive approach to community education and wellness and annually hosts educational seminars on preventative care and maintaining a healthy lifestyle. Some of their community outreach initiatives include volunteering for local events, conducting COVID testing clinics, and staffing COVID vaccine clinics.
Official website here: www.ochsner.org/
Who is the CEO of Lafayette Health Ventures Inc?
Kim Dooley is the Principal Officer of Lafayette Health Ventures Inc.
Official website here: www.ochsner.org/
What is the revenue of Lafayette Health Ventures Inc?
Lafayette Health Ventures Inc's revenue in 2022 was $44,754,958.
Official website here: www.ochsner.org/
Who are the executives of Lafayette Health Ventures Inc and what are their salaries?
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $298,801
- Other: $16,581
- Compensation: $0
- Related: $299,909
- Other: $20,400
- Compensation: $0
- Related: $882,632
- Other: $19,452
- Compensation: $0
- Related: $917,458
- Other: $21,733
- Compensation: $0
- Related: $610,152
- Other: $22,645
- Compensation: $0
- Related: $560,449
- Other: $24,739
- Compensation: $0
- Related: $1,091,127
- Other: $30,298
- 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 Health Ventures Inc?
Lafayette Health Ventures 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 Health Ventures Inc
Lafayette Health Ventures Inc, a community medical care provider, is dedicated to operating businesses that contribute value toward the mission of Lafayette General Medical Center (LGMC). LGMC, a non-profit hospital, is committed to providing medical care to restore, maintain, and improve the health of people in the community, regardless of their ability to pay.
Lafayette Health Ventures Inc embodies this mission through its various service lines, which include family medicine, hematology/oncology, internal medicine, interventional cardiology, neurology services, neurosurgery, radiation oncology, orthopedics, telemedicine, and urgent care clinics. By practicing these services, Lafayette Health Ventures Inc plays a vital role in supporting LGMC's mission and contributing to the health and wellbeing of the communities it serves.
In addition to its medical services, Lafayette Health Ventures Inc takes a proactive approach to education and wellness in the community. Annually, the organization hosts several educational seminars to inform the public on preventative care and healthy living. Some of these initiatives include volunteering for the Zydeco Marathon, providing COVID and flu testing clinics, and helping to staff COVID vaccine clinics. Through these efforts, Lafayette Health Ventures Inc extends its reach beyond direct patient care and positively impacts the health and wellness of the community as a whole.
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Impact
October, 2024
Lafayette Health Ventures Inc. (LHVI) plays a critical role in enhancing the healthcare ecosystem in the Lafayette community. By operating a variety of physician practices, LHVI directly supports the mission of Lafayette General Medical Center (LGMC) to provide comprehensive medical care aimed at restoring, maintaining, and improving community health. This commitment is unwavering, regardless of patients' ability to pay.
LHVI offers a diverse range of medical services, including family medicine, hematology/oncology, internal medicine, interventional cardiology, neurology, neurosurgery, radiation oncology, orthopedics, telemedicine, and urgent care clinics. These services are essential for addressing the varied healthcare needs of the population, ensuring that community members have access to critical medical care.
In addition to direct medical services, LHVI is proactive in its approach to community health education and wellness. Annually, LHVI hosts several educational seminars focused on preventative care and healthy living. Their participation in local events, such as volunteering for the Zydeco Marathon and facilitating COVID-19 testing and vaccination clinics, further demonstrates their commitment to community engagement and health promotion.
Overall, LHVI's multifaceted approach not only addresses immediate healthcare needs but also fosters long-term health outcomes in the community, aligning with its mission to enhance the quality of life for all residents in Lafayette.
This information is meant to be a general summary of Lafayette Health Ventures 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: $755
- Program Service Revenue: $42,917,516
- Gross Receipts: $44,758,282
Assets and Liabilities:
- Total Assets: $16,411,956
- Total Liabilities: $134,311,563
- Net Assets: -$117,899,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL PATIENT SERVICES
Revenue
$42,917,516
Organization Details
Founding Year
1984
Phone
(337) 289-8951Principal Officer
Kim Dooley
Main Address
PO BOX 53092, LAFAYETTE, LA, 70505
Website
www.ochsner.org/NTEE Category
Code: E21 - Health
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