Overview
What is Louisiana Children's Medical Center?
Louisiana Children's Medical Center (LCMC Health) is a Louisiana-based, non-profit healthcare system committed to serving the people of Louisiana and the Gulf South region. Focused on delivering exceptional patient-centered care, LCMC Health operates hospitals with a mission to create, maintain, and expand healthcare services. Through its support and management services, LCMC allows its entities to concentrate on carrying out their charitable purposes. LCMC Health is dedicated to providing quality healthcare to its community beyond ordinary standards.
Official website here: www.lcmchealth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 75% (Three-Star out of Four Star rating)
The Louisiana Children's Medical Center has achieved a score of 75%, primarily reflecting its strong accountability and financial management practices. Key strengths include a highly independent board with a significant majority of members being independent, robust financial oversight, and comprehensive policies related to conflict of interest and whistleblowing. These factors indicate a commitment to transparency and ethical governance.
However, the organization has a notable weakness in its program expense ratio, which stands at 52.94%. This relatively low percentage suggests that a smaller portion of its overall expenses is directed towards its actual programs compared to administrative or fundraising costs. This can raise concerns about the efficiency of its operations and the overall impact of its initiatives.
Overall, while the Louisiana Children's Medical Center demonstrates solid governance and transparency, potential donors may want to consider the program expense ratio when evaluating the effectiveness of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Children's Medical Center legitimate?
Louisiana Children's Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Children's Medical Center 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: $12,109,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $469,149,867
For more financial information, click here
Official website here: www.lcmchealth.org
What is the mission statement of Louisiana Children's Medical Center?
Louisiana Children's Medical Center is a not-for-profit healthcare system dedicated to providing quality healthcare services for the people of Louisiana and beyond. Their primary goal is to maintain and expand healthcare offerings, allowing the entities they support to focus on carrying out their charitable missions. The organization is committed to delivering patient-centric care, placing the needs and wellbeing of their patients at the forefront of their operations. LCMC Health prioritizes creating a healthcare system that exceeds expectations, ensuring optimal health and care for those it serves.
Official website here: www.lcmchealth.org
Who is the CEO of Louisiana Children's Medical Center?
Tom Patrias is the CEO of Louisiana Children's Medical Center The CEO's salary of Louisiana Children's Medical Center is $0 and their total compensation is $0.
Official website here: www.lcmchealth.org
What is the revenue of Louisiana Children's Medical Center?
Louisiana Children's Medical Center's revenue in 2023 was $1,626,044,230.
Official website here: www.lcmchealth.org
Who are the executives of Louisiana Children's Medical Center and what are their salaries?
The average compensation at Louisiana Children's Medical Center during 2023 was $30,661. There are 15696 employees and 259 volunteers at Louisiana Children's Medical Center.
Here are 53 key members and their salaries (Louisiana Children's Medical Center's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $1,083,579
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- Compensation: $2,239,340
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- Other: $31,055
- Compensation: $367,518
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- Compensation: $841,275
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- Other: $31,063
- Compensation: $1,620,216
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- Other: $24,540
- Compensation: $714,979
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- Other: $17,610
- Compensation: $909,345
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- Other: $30,205
- Compensation: $1,121,644
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- Other: $20,607
- Compensation: $680,336
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- Other: $20,514
- Compensation: $604,492
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- Other: $29,507
- Compensation: $452,596
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- Other: $33,734
- Compensation: $302,989
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- Other: $18,943
- Compensation: $407,273
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- Other: $21,473
- Compensation: $519,970
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- Other: $36,058
- Compensation: $611,599
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- Compensation: $347,733
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- Other: $24,599
- Compensation: $678,922
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- Other: $23,259
- Compensation: $894,336
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- Other: $29,457
- Compensation: $916,703
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- Other: $19,865
- Compensation: $968,012
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- Other: $29,569
- Compensation: $958,311
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- Other: $18,817
- Compensation: $1,025,940
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- Other: $33,259
Official website here: www.lcmchealth.org
Where can I find the form 990 for Louisiana Children's Medical Center?
Louisiana Children's Medical Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lcmchealth.org
Learn more at the official website: www.lcmchealth.org
Mission Statement of Louisiana Children's Medical Center
Louisiana Children's Medical Center (LCMC), a Louisiana-based, not-for-profit healthcare system, is dedicated to delivering exceptional healthcare services to the people of Louisiana and beyond. With a mission deeply rooted in patient-centric care, each LCMC hospital prioritizes the well-being of its patients above all else. LCMC offers support and management services to various system entities, allowing them to concentrate their efforts on fulfilling their charitable purposes. The organization's primary goal is to create, maintain, and expand healthcare services consistent with the operation of West Jefferson Medical Center and the philanthropic mission of its affiliates.
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Impact
October, 2024
Louisiana Children's Medical Center (LCMC) plays a vital role in improving the health and well-being of children and families in Louisiana and the Gulf South. By providing high-quality, patient-centered healthcare services, LCMC addresses the specific medical needs of children, ensuring that they receive comprehensive care tailored to their unique circumstances.
The center's focus on health care and education extends beyond traditional medical treatment, as it fosters a supportive environment for both patients and their families. LCMC collaborates with various healthcare entities to enhance accessibility and efficiency, ensuring that vital resources and services are available to those who need them most. This holistic approach not only aids in the treatment of ailments but also promotes overall wellness and preventative care among the pediatric population.
Through its commitment to excellence and compassionate care, LCMC significantly impacts the lives of thousands, contributing to healthier communities and paving the way for brighter futures for Louisiana's children.
This information is meant to be a general summary of Louisiana Children's Medical Center. 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: $4,051,373
- Program Service Revenue: $1,516,681,474
- Gross Receipts: $1,626,044,230
Assets and Liabilities:
- Total Assets: $2,940,292,717
- Total Liabilities: $966,804,717
- Net Assets: $1,973,488,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICES
Revenue
$1,348,148,911
LCMC MANAGEMENT FEE
Revenue
$162,112,739
POPULATION HEALTH
Revenue
$6,419,824
Organization Details
Founding Year
2009
Principal Officer
Gregory C Feirn
Website
www.lcmchealth.orgNTEE Category
Code: E20 - Health
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