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Nonprofiteer
← OCHSNER CLINIC FOUNDATION

Form 990 for tax year 2023

Filed by OCHSNER CLINIC FOUNDATION.

Totals

Total revenue
$5,368,249,222
Total expenses
$5,008,368,403
Contributions and grants received
$40,006,598
Grants paid
$14,610,651
Program service revenue
$5,025,293,810
Investment income
$100,254,318
Other revenue
$202,694,496
Total assets, end of year
$6,305,971,167
Total liabilities, end of year
$3,437,524,159
Net assets or fund balances, end of year
$2,868,447,008
Program services expenses (Part IX)
$4,034,258,643
Management and general expenses
$968,510,883
Fundraising expenses
$5,598,877
Program service expenses (Part III)
$4,034,258,643

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • VINCENT R ADOLPH MD

    BOARD MEMBER/RMD (END: 12/2023)

    Total calculated
    $990,854
    From this org
    $966,467
    From related orgs
    $0
    Other
    $24,387
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $720,680
    Bonus
    $220,100
    Other
    $25,687
    Deferred
    $6,800
    Nontaxable benefits
    $17,587
    Filer's total
    $990,854

  • KAREN B BLESSEY MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $394,773
    From this org
    $387,800
    From related orgs
    $0
    Other
    $6,973
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $345,468
    Bonus
    $34,543
    Other
    $7,789
    Deferred
    $6,800
    Nontaxable benefits
    $173
    Filer's total
    $394,773

  • CUONG Q BUI MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $1,733,337
    From this org
    $1,698,916
    From related orgs
    $0
    Other
    $34,421
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,469,359
    Bonus
    $190,000
    Other
    $39,557
    Deferred
    $6,800
    Nontaxable benefits
    $27,621
    Filer's total
    $1,733,337

  • BEN DOGA MD

    COMMUNITY DIRECTOR

    Total calculated
    $56,000
    From this org
    $56,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JOHN EVANS

    COMMUNITY DIRECTOR

    Total calculated
    $51,340
    From this org
    $51,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SUSAN HUGHEY GUNN MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $432,828
    From this org
    $400,788
    From related orgs
    $0
    Other
    $32,040
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $388,170
    Bonus
    $1,500
    Other
    $11,118
    Deferred
    $6,800
    Nontaxable benefits
    $25,240
    Filer's total
    $432,828

  • WILLIAM H HINES

    COMMUNITY DIRECTOR

    Total calculated
    $68,876
    From this org
    $68,876
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SUMA JAIN MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $489,897
    From this org
    $480,340
    From related orgs
    $0
    Other
    $9,557
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $451,017
    Bonus
    $1,500
    Other
    $27,823
    Deferred
    $6,800
    Nontaxable benefits
    $2,757
    Filer's total
    $489,897

  • ALISHA M LACOUR MD

    BOARD MEMBER/RMD

    Total calculated
    $521,106
    From this org
    $514,019
    From related orgs
    $0
    Other
    $7,087
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $435,584
    Bonus
    $70,000
    Other
    $8,435
    Deferred
    $6,800
    Nontaxable benefits
    $287
    Filer's total
    $521,106

  • DENNIS LAUSCHA

    COMMUNITY DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • R PARKER LECORGNE

    COMMUNITY DIRECTOR

    Total calculated
    $56,577
    From this org
    $56,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JAMES E MAURIN

    COMMUNITY DIRECTOR

    Total calculated
    $4,227
    From this org
    $4,227
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SUZANNE T MESTAYER

    PAST CHAIR/COMMUNITY DIRECTOR

    Total calculated
    $70,570
    From this org
    $70,570
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • PETER C NOVEMBER

    CEO / BOARD MEMBER

    Total calculated
    $5,035,779
    From this org
    $4,183,651
    From related orgs
    $0
    Other
    $852,128
    Hours/week
    41 + 9 related

    Schedule J breakdown matched by us

    Base
    $1,986,279
    Bonus
    $2,130,600
    Other
    $66,772
    Deferred
    $824,717
    Nontaxable benefits
    $27,411
    Filer's total
    $5,035,779

  • JEFFERSON G PARKER

    COMMUNITY DIRECTOR

    Total calculated
    $14,561
    From this org
    $14,561
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • ROBERT J PATRICK

    COMMUNITY DIRECTOR

    Total calculated
    $13,399
    From this org
    $13,399
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JARED QUOYESER

    COMMUNITY DIRECTOR

    Total calculated
    $55,410
    From this org
    $55,410
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 3 related

  • TIMOTHY L RIDDELL MD

    BOARD MEMBER/CEO-NS & MS GC

    Total calculated
    $910,411
    From this org
    $828,434
    From related orgs
    $0
    Other
    $81,977
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $582,691
    Bonus
    $205,000
    Other
    $40,743
    Deferred
    $69,300
    Nontaxable benefits
    $12,677
    Filer's total
    $910,411

  • VICTORIA A SMITH MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $425,336
    From this org
    $407,569
    From related orgs
    $0
    Other
    $17,767
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $324,845
    Bonus
    $48,399
    Other
    $34,325
    Deferred
    $0
    Nontaxable benefits
    $17,767
    Filer's total
    $425,336

  • WILLIAM SUMRALL III MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $831,325
    From this org
    $799,464
    From related orgs
    $0
    Other
    $31,861
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $700,657
    Bonus
    $45,100
    Other
    $53,707
    Deferred
    $6,800
    Nontaxable benefits
    $25,061
    Filer's total
    $831,325

  • JOSE S SUQUET

    COMMUNITY DIRECTOR

    Total calculated
    $12,793
    From this org
    $12,793
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • H DAVID WILSON

    COMMUNITY DIRECTOR

    Total calculated
    $56,192
    From this org
    $56,192
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • ANDREW B WISDOM

    COMMUNITY DIRECTOR, BOARD CHAIR

    Total calculated
    $33,399
    From this org
    $33,399
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • ROBERT I HART MD

    CHIEF PHYS EXEC & PRES, OCH CLINIC

    Total calculated
    $2,915,085
    From this org
    $2,701,841
    From related orgs
    $0
    Other
    $213,244
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,241,890
    Bonus
    $1,375,000
    Other
    $84,951
    Deferred
    $194,300
    Nontaxable benefits
    $18,944
    Filer's total
    $2,915,085

  • MICHAEL F HULEFELD

    PRESIDENT & CHIEF OPERATING OFFICER

    Total calculated
    $3,788,709
    From this org
    $3,305,352
    From related orgs
    $0
    Other
    $483,357
    Hours/week
    44 + 6 related

    Schedule J breakdown matched by us

    Base
    $1,464,426
    Bonus
    $1,790,000
    Other
    $50,926
    Deferred
    $459,105
    Nontaxable benefits
    $24,252
    Filer's total
    $3,788,709

  • SCOTT J POSECAI

    EVP-CFO AND TREASURER (END: 12/2023)

    Total calculated
    $1,923,890
    From this org
    $1,687,086
    From related orgs
    $0
    Other
    $236,804
    Hours/week
    43 + 7 related

    Schedule J breakdown matched by us

    Base
    $986,214
    Bonus
    $600,000
    Other
    $100,872
    Deferred
    $156,800
    Nontaxable benefits
    $27,504
    Filer's total
    $1,871,390

  • TRACEY SCHIRO

    EVP-CHIEF HR & ADMIN OFF (END: 12/23)

    Total calculated
    $2,163,225
    From this org
    $1,802,639
    From related orgs
    $0
    Other
    $360,586
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $939,187
    Bonus
    $700,000
    Other
    $163,452
    Deferred
    $334,275
    Nontaxable benefits
    $26,311
    Filer's total
    $2,163,225

  • SHELLEY S TYNAN

    SYS VP-LEGAL & GEN COUNSEL, SEC

    Total calculated
    $1,042,689
    From this org
    $948,176
    From related orgs
    $0
    Other
    $94,513
    Hours/week
    44 + 6 related

    Schedule J breakdown matched by us

    Base
    $659,287
    Bonus
    $250,000
    Other
    $38,889
    Deferred
    $42,080
    Nontaxable benefits
    $30,645
    Filer's total
    $1,020,901

  • CHARLES D DAIGLE

    CEO-BATON ROUGE & LAKE CHARLES

    Total calculated
    $1,074,789
    From this org
    $978,897
    From related orgs
    $0
    Other
    $95,892
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $696,458
    Bonus
    $240,000
    Other
    $42,439
    Deferred
    $42,500
    Nontaxable benefits
    $25,567
    Filer's total
    $1,046,964

  • BRADLEY R GOODSON

    CEO-OMC

    Total calculated
    $853,594
    From this org
    $760,681
    From related orgs
    $0
    Other
    $92,913
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $534,957
    Bonus
    $188,100
    Other
    $37,624
    Deferred
    $45,417
    Nontaxable benefits
    $23,940
    Filer's total
    $830,038

  • GEORGE E LOSS JR MD PHD

    REG MED DIR, SS

    Total calculated
    $1,845,830
    From this org
    $1,805,118
    From related orgs
    $0
    Other
    $40,712
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,032,642
    Bonus
    $302,236
    Other
    $470,240
    Deferred
    $10,215
    Nontaxable benefits
    $27,082
    Filer's total
    $1,842,415

  • DAWN M PUENTE MD

    REG MED DIR, BAP, KEN, WB REG

    Total calculated
    $784,307
    From this org
    $695,963
    From related orgs
    $0
    Other
    $88,344
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $480,113
    Bonus
    $170,000
    Other
    $45,850
    Deferred
    $39,359
    Nontaxable benefits
    $17,747
    Filer's total
    $753,069

  • ALDO J RUSSO MD

    REG MED DIR, BR REG

    Total calculated
    $785,597
    From this org
    $749,672
    From related orgs
    $0
    Other
    $35,925
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $546,540
    Bonus
    $186,100
    Other
    $17,032
    Deferred
    $8,363
    Nontaxable benefits
    $25,998
    Filer's total
    $784,033

  • LEONARDO SEOANE MD

    SR VP-CHIEF ACADEMIC OFFICER

    Total calculated
    $1,589,946
    From this org
    $1,366,689
    From related orgs
    $0
    Other
    $223,257
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $789,564
    Bonus
    $425,000
    Other
    $152,125
    Deferred
    $126,800
    Nontaxable benefits
    $24,007
    Filer's total
    $1,517,496

  • ROBERT WOLTERMAN

    CEO-SS REGION & CLINICAL JVS

    Total calculated
    $1,408,593
    From this org
    $1,235,216
    From related orgs
    $0
    Other
    $173,377
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $799,178
    Bonus
    $360,000
    Other
    $76,038
    Deferred
    $88,400
    Nontaxable benefits
    $24,077
    Filer's total
    $1,347,693

  • ADITYA BANSAL MD

    SR PHYSICIAN-SECTION HEAD

    Total calculated
    $1,629,957
    From this org
    $1,599,174
    From related orgs
    $0
    Other
    $30,783
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,530,211
    Bonus
    $1,500
    Other
    $67,463
    Deferred
    $6,800
    Nontaxable benefits
    $23,983
    Filer's total
    $1,629,957

  • SUBBAREDDY KONDA MD

    PHYSICIAN

    Total calculated
    $1,818,591
    From this org
    $1,798,463
    From related orgs
    $0
    Other
    $20,128
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,791,190
    Bonus
    $1,500
    Other
    $5,773
    Deferred
    $0
    Nontaxable benefits
    $20,128
    Filer's total
    $1,818,591

  • BENJAMIN B PEELER MD

    SR PHYSICIAN-SECTION HEAD

    Total calculated
    $2,911,614
    From this org
    $2,893,969
    From related orgs
    $0
    Other
    $17,645
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $2,195,021
    Bonus
    $1,500
    Other
    $697,448
    Deferred
    $6,800
    Nontaxable benefits
    $10,845
    Filer's total
    $2,911,614

  • VICTOR TEDESCO MD

    PHYSICIAN

    Total calculated
    $5,829,554
    From this org
    $3,705,388
    From related orgs
    $0
    Other
    $2,124,166
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,601,196
    Bonus
    $1,500
    Other
    $2,102,692
    Deferred
    $6,800
    Nontaxable benefits
    $17,362
    Filer's total
    $3,729,550

  • EDWARD YERGER

    PHYSICIAN-AMD

    Total calculated
    $4,048,258
    From this org
    $2,490,432
    From related orgs
    $0
    Other
    $1,557,826
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $898,304
    Bonus
    $37,333
    Other
    $1,554,795
    Deferred
    $6,800
    Nontaxable benefits
    $22,054
    Filer's total
    $2,519,286

  • STEVEN B DEITELZWEIG MD

    FORMER KEY EMPLOYEE

    Total calculated
    $503,646
    From this org
    $458,949
    From related orgs
    $0
    Other
    $44,697
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $413,130
    Bonus
    $31,000
    Other
    $14,819
    Deferred
    $12,655
    Nontaxable benefits
    $26,187
    Filer's total
    $497,791

  • RICHARD D GUTHRIE JR MD

    FORMER KEY EMPLOYEE

    Total calculated
    $839,181
    From this org
    $748,158
    From related orgs
    $0
    Other
    $91,023
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $517,855
    Bonus
    $185,658
    Other
    $44,645
    Deferred
    $39,452
    Nontaxable benefits
    $20,434
    Filer's total
    $808,044

  • YVENS G LABORDE MD

    FORMER KEY EMPLOYEE

    Total calculated
    $488,544
    From this org
    $437,244
    From related orgs
    $0
    Other
    $51,300
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $386,778
    Bonus
    $0
    Other
    $50,466
    Deferred
    $7,790
    Nontaxable benefits
    $17,560
    Filer's total
    $462,594

  • J ERIC MCMILLEN

    FORMER KEY EMPLOYEE

    Total calculated
    $624,582
    From this org
    $572,949
    From related orgs
    $0
    Other
    $51,633
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $404,067
    Bonus
    $134,687
    Other
    $34,195
    Deferred
    $6,800
    Nontaxable benefits
    $25,145
    Filer's total
    $604,894

  • ARMIN SCHUBERT MD

    FORMER KEY EMPLOYEE

    Total calculated
    $724,647
    From this org
    $696,293
    From related orgs
    $0
    Other
    $28,354
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $587,299
    Bonus
    $75,000
    Other
    $33,994
    Deferred
    $6,800
    Nontaxable benefits
    $21,554
    Filer's total
    $724,647

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FIRST-CLASS OR CHARTER TRAVEL: OCHSNER'S BUSINESS TRAVEL POLICY OCCASIONALLY ALLOWS EMPLOYEES TO FLY FIRST-CLASS, SUCH AS WHEN OTHER SEATING IS NOT AVAILABLE OR FOR TRANS-ATLANTIC FLIGHTS. OCHSNER'S CEO, MEMBERS OF THE BOARD, MEMBERS OF MANAGEMENT, AND FAMILY MEMBERS ALSO FLY ON CHARTER FLIGHTS. USE OF BUSINESS AIRCRAFT BY PERSONNEL OF OCHSNER CAN INCREASE PRODUCTIVITY, INCREASE FACE-TO-FACE BUSINESS CONTACT, FACILITATE TRAVEL TO LOCATIONS WITH INADEQUATE COMMERCIAL SERVICE, IMPROVE SECURITY AND FACILITATE OCHSNER'S ABILITY TO ALTER THE TRAVEL PLANS OF KEY EXECUTIVES, ON SHORT NOTICE, WHEN NECESSITATED BY BUSINESS EXIGENCIES. IN THE EVENT A FLIGHT IS USED FOR PERSONAL USE, OR A GUEST ATTENDS OTHER THAN FOR A BUSINESS PURPOSE, THESE FLIGHTS ARE INCLUDED IN TAXABLE WAGES. TRAVEL FOR COMPANIONS: OCHSNER HOSTS ITS BOARD OF DIRECTORS AND SENIOR MANAGEMENT AT A FEW DEVELOPMENTAL EVENTS. THE EVENTS PROVIDE THE DIRECTORS AND MANAGERS WITH INFORMATION AND TRAINING AS IT RELATES TO THEIR GOVERNANCE AT OCHSNER. AS THESE EVENTS ARE RELATIONSHIP-BUILDING EVENTS, THE ATTENDEES' SPOUSES ARE ENCOURAGED TO ATTEND. OCHSNER PROVIDED TRAVEL AND ACCOMMODATIONS FOR THE ATTENDING SPOUSES OF OFFICERS, KEY EMPLOYEES, AND BOARD MEMBERS. WITH SENIOR LEADERSHIP APPROVAL, OCCASIONALLY A FAMILY MEMBER TRAVELS WITH THE EMPLOYEE OR BOARD MEMBER FOR NON-BUSINESS REASONS, IN WHICH CASE THE COMPANION TRAVEL WOULD BE INCLUDABLE IN COMPENSATION OF THE EMPLOYEE OR BOARD MEMBER. TRAVEL FOR COMPANIONS WERE REPORTED AS TAXABLE COMPENSATION TO THE EMPLOYEES OR BOARD MEMBERS AND GROSSED UP. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: OCHSNER GROSSES UP NON-CASH COMPENSATION TO BOARD MEMBERS AND OFFICERS FOR THE FOLLOWING: * SPOUSAL TRAVEL TO THE BOARD AND MANAGEMENT DEVELOPMENTAL RETREATS. SPOUSES ARE ENCOURAGED TO ATTEND THESE EVENTS TO FURTHER THE RELATIONSHIPS WITHIN THE BOARD MEMBERS AND EXECUTIVE TEAM. * PARTICIPANT AND COMPANION ENTERTAINMENT AT BOARD AND MANAGEMENT DEVELOPMENTAL RETREATS. * GIFTS TO THE BOARD MEMBERS AND EXECUTIVE TEAM. * SERVICE/EMPLOYEE ENGAGEMENT AWARD. ALL OF THE BOARD MEMBERS AND OFFICERS, AND 4 OF THE KEY EMPLOYEES, RECEIVED GROSS-UP PAYMENTS IN 2023. DISCRETIONARY SPENDING ACCOUNT: MEMBERS OF EXECUTIVE TEAM MAY BE PROVIDED WITH AN AUTOMOBILE ALLOWANCE, WHICH IS INCLUDED IN TAXABLE INCOME. IN 2023, 6 EXECUTIVES RECEIVED THIS ALLOWANCE.
PART I, LINE 1B
CHARTER AIRCRAFT USE AND TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE SUBJECT TO EXECUTIVE APPROVAL.
PART I, LINE 4B
THE FOLLOWING PEOPLE PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WHICH IS PART OF THE TERMS AND CONDITIONS OF THEIR EMPLOYMENT CONTRACTS WITH OCHSNER CLINIC FOUNDATION AND IS BASED ON A TARGETED REPLACEMENT OF A SET PERCENTAGE OF THEIR SALARY AT AGE 65. THE SERP IS CLASSIFIED AS A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THIS BENEFIT IS FUNDED IN A TRUST ACCOUNT WITH HANCOCK WHITNEY BANK. FOLLOWING IS A LIST OF PARTICIPANTS, THEIR TITLE WITH THE SPONSORING ORGANIZATION, AND ANY DISTRIBUTIONS MADE IN 2023: * PETER C NOVEMBER, CHIEF EXECUTIVE OFFICER; NO DISTRIBUTION. * MICHAEL F HULEFELD, PRESIDENT AND CHIEF OPERATING OFFICER; NO DISTRIBUTION. * SCOTT J POSECAI, EXECUTIVE VICE PRESIDENT, CFO, AND TREASURER; NO DISTRIBUTION. * TRACEY SCHIRO, EVP-CHIEF HR & ADMINISTRATIVE OFFICER; NO DISTRIBUTION. ROBERT I HART, M.D., CHIEF PHYSICIAN EXECUTIVE AND PRESIDENT, OCHSNER CLINIC, PARTICIPATES IN A NON-QUALIFIED SUPPLEMENTAL PLAN WHICH IS PART OF THE TERMS AND CONDITIONS OF HIS EMPLOYMENT CONTRACT WITH OCHSNER CLINIC FOUNDATION. THE RETIREMENT CALCULATION IS A DEFINED AMOUNT AS A PERCENT OF BASE PAY, CALCULATED ANNUALLY. THE BENEFIT IS FUNDED IN A TRUST ACCOUNT WITH HANCOCK WHITNEY BANK: * DR. HART RECEIVED NO DISTRIBUTION IN 2023. GEORGE E LOSS, JR, M.D., REGIONAL MEDICAL DIRECTOR, AND BENJAMIN B PEELER, M.D., SR PHYSICIAN-SECTION HEAD, EACH PARTICIPATE IN UNFUNDED DEFERRED COMPENSATION PLANS, ADOPTED IN 2016. THE PLANS ALLOW FOR DISCRETIONARY CONTRIBUTIONS, AS DETERMINED BY COMMITTEE, AND VESTING OCCURS ACCORDING TO A SCHEDULE, WHICH IS GENERALLY 5 YEARS OR LESS, AFTER THE DATE THE FUNDS ARE CONTRIBUTED UNDER THE PLAN. THE FUNDS ARE DISTRIBUTED IN THE SAME PERIOD AS THE VESTING EVENT OCCURS: * DR. LOSS RECEIVED A DISTRIBUTION IN 2023 OF $450,000 * DR. PEELER RECEIVED A DISTRIBUTION IN 2023 OF $695,415 VICTOR E TEDESCO M.D., PHYSICIAN, AND EDWARD S YERGER, M.D., PHYSICIAN-AMD, PARTICIPATE IN A 457(F) NON-QUALIFIED, UNFUNDED, DEFERRED COMPENSATION PLAN, WHICH WAS ADOPTED IN 2013. THE PLAN ALLOWS FOR ANNUAL FIXED EARNINGS BASED ON A PREDETERMINED ANNUAL AMOUNT AND SUBJECT TO A SPECIFIED VESTING SCHEDULE FOR EACH PARTICIPANT: * DR. TEDESCO RECEIVED A DISTRIBUTION IN 2023 OF $2,100,004 * DR. YERGER RECEIVED A DISTRIBUTION IN 2023 OF $1,528,972 THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) NON-QUALIFIED, UNFUNDED, DEFERRED COMPENSATION PLAN, WHICH WAS ESTABLISHED IN 2010. THE PLAN ALLOWS FOR DISCRETIONARY INITIAL CONTRIBUTIONS, VESTING BEGINS AT AGE 55. THE MOST RECENT THREE YEARS ARE SUBJECT TO FORFEITURE UNTIL THE ATTAINMENT OF AGE 65. ANNUAL FIXED CONTRIBUTIONS ARE INDIVIDUALLY BASED AND ARE TARGETED TO REPLACE THE BENEFIT THAT WOULD HAVE BEEN RECEIVED FROM THE FROZEN OCHSNER CLINIC FOUNDATION RETIREMENT PLAN HAD THE PLAN CONTINUED UNTIL THE PARTICIPANT ATTAINED AGE 65. THE CONTRIBUTION IS OFFSET BY ACTUAL RETIREMENT BENEFIT AND BENEFIT RECEIVED IN THE OCF 401(K) PLAN. FOLLOWING IS A LIST OF PARTICIPANTS AND ANY DISTRIBUTIONS MADE IN 2023: * VINCENT R ADOLPH, MD; NO DISTRIBUTION * STEVEN B DEITELZWEIG, MD; DISTRIBUTION OF $6,778 * RICHARD D GUTHRIE, JR, MD; DISTRIBUTION OF $6,797 * YVENS G LABORDE, MD; DISTRIBUTION OF $8,161 * GEORGE E LOSS, JR, MD, PHD; DISTRIBUTION OF $3,953 * DAWN M PUENTE, MD; DISTRIBUTION OF $9,213 * ALDO J RUSSO, MD; DISTRIBUTION OF $1,810 THE FOLLOWING PEOPLE PARTICIPATE IN A 457(F) NON-QUALIFIED, UNFUNDED, DEFERRED COMPENSATION PLAN, WHICH WAS ADOPTED IN 2013. THE PLAN ALLOWS FOR ANNUAL FIXED CONTRIBUTIONS BASED ON A PERCENT OF BASE PAY AND SUBJECT TO A THREE-YEAR VESTING REQUIREMENT; AND ANNUAL DISCRETIONARY CONTRIBUTIONS BASED ON A PERCENT OF BASE PAY OR A FLAT-DOLLAR AMOUNT AND SUBJECT TO A THREE-YEAR VESTING REQUIREMENT. FOLLOWING IS A LIST OF PARTICIPANTS AND ANY DISTRIBUTIONS MADE IN 2023: * CHARLES DAIGLE; DISTRIBUTION OF $27,825 * BRADLEY R GOODSON; DISTRIBUTION OF $23,556 * RICHARD D GUTHRIE, JR, MD; DISTRIBUTION OF $25,265 * YVENS G LABORDE, MD; DISTRIBUTION OF $18,900 * J ERIC MCMILLEN; DISTRIBUTION OF $19,688 * SCOTT POSECAI, DISTRIBUTION OF $52,500 * DAWN M PUENTE, MD; DISTRIBUTION OF $23,279 * TIMOTHY L RIDDELL, MD; NO DISTRIBUTION * TRACEY T SCHIRO; DISTRIBUTION OF $81,900 * LEONARDO SEOANE, MD; DISTRIBUTION OF $72,450 * SHELLEY SULLIVAN TYNAN; DISTRIBUTION OF $21,788 * ROBERT WOLTERMAN; DISTRIBUTION OF $60,900
PART I, LINE 7
THE INCENTIVE PLANS INCLUDE A SUBJECTIVE COMPONENT BASED ON PERSONAL PERFORMANCE, WHICH SLIGHTLY AFFECTS THE AMOUNT OF INCENTIVE PAYMENT. THERE IS DISCRETION AS TO THE AMOUNT OF INCENTIVE COMPENSATION FOR SENIOR MANAGEMENT. IN ADDITION, NON-FIXED PAYMENTS WERE MADE IN 2023. THE FOLLOWING WERE INCLUDED IN REPORTABLE COMPENSATION: SPOUSAL TRAVEL AND ENTERTAINMENT AT BOARD RETREATS AND GROSS-UP IN COMPENSATION RELATED TO IMPUTED INCOME. GIFTS AND AWARDS BETWEEN THE AMOUNT OF $100 AND $500 FOR BOARD MEMBERS AND EXECUTIVES AND THEIR SPOUSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COMMUNITY MEDICAL GROUP-ST CHARLES INC

    C · CLINICAL SERVICES · LA · 100% owned · controlled entity

    Directly controlled by SATYR CLINICAL SERVICES INC

  • DEUTERON REALTY

    C · NOMINEE REAL ESTATE CORPORATION · LA · 100% owned · share of assets $1,000 · controlled entity

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • HYDRA CLINICAL SERVICES INC

    C · MEDICAL SERVICES-INDIGENT CARE · LA · 100% owned · share of income $2,885,000 · share of assets $170,534 · controlled entity

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • LG INDEMNITY COMPANY LTD

    C · CAPTIVE INSURANCE · CJ · 100% owned · controlled entity

    Directly controlled by LAFAYETTE GENERAL HEALTH SYSTEM INC OCHSNER LAFAYETTE GENERAL

  • MANAGED HEALTH CARE INC

    C · MANAGED HEALTHCARE · MS · 100% owned · controlled entity

    Directly controlled by RUSH HEALTH SYSTEMS INC OCHSNER RUSH HEALTH

  • MILLENNIUM HEALTHCARE MANAGEMENT INC

    C · MEDICAL SERVICES · LA · 100% owned · share of income $17,477,945 · share of assets $3,014,940 · controlled entity

    Directly controlled by OCHSNER URGENT CARE 1 LLC

  • OCHSNER DIVERSIFIED BUSINESS CORPORATION

    C · MEDICAL SUPPLIES MANUFACTURING · DE · 100% owned · share of income $3,870,302 · share of assets $1,840 · controlled entity

    Directly controlled by OCHSNER HOLDCO CORPORATION

  • OCHSNER HEALTH PLAN INC

    C · INSURANCE-HEALTH MAINTENANCE ORGANIZATION · LA · 100% owned · share of income $32,209,883 · share of assets $19,483,154 · controlled entity

    Directly controlled by OHPI LLC

  • OCHSNER HOLDCO CORPORATION

    C · HOLDING COMPANY · DE · 100% owned · share of assets -$94,924,752 · controlled entity

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • OCHSNER LWHA CORPORATION

    C · MEDICAL SERVICES-WOMENS · DE · 100% owned · share of income $63,242,788 · share of assets $70,339,659 · controlled entity

    Directly controlled by OCHSNER HOLDCO CORPORATION

  • PEAVEY INVESTMENT COMPANY INC

    C · PROPERTY RENTAL · MS · 100% owned · share of income $55,564 · share of assets $1,088,814 · controlled entity

    Directly controlled by RUSH SERVICE COMPANY INC

  • PHYSICIAN MANAGEMENT SERVICES INC

    C · HEALTHCARE MANAGEMENT · MS · 100% owned · controlled entity

    Directly controlled by PHYSICIAN SERVICES LLC

  • RURAL HEALTHCARE MANAGEMENT INC

    C · HEALTHCARE MANAGEMENT · MS · 100% owned · controlled entity

    Directly controlled by RUSH SERVICE COMPANY INC

  • RUSH SERVICE COMPANY INC

    C · PROPERTY RENTAL · MS · 100% owned · share of income $1,873,935 · share of assets $6,417,422 · controlled entity

    Directly controlled by RUSH HEALTH SYSTEMS INC OCHSNER RUSH HEALTH

  • SATYR CLINICAL SERVICES INC

    C · MEDICAL SERVICES-INDIGENT CARE · LA · 100% owned · share of income $14,745,551 · share of assets $27,627 · controlled entity

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • THE MEDICAL STORE INC

    C · DURABLE MEDICAL EQUIPMENT SALES · MS · 100% owned · share of income $3,578,924 · share of assets $2,797,004 · controlled entity

    Directly controlled by RUSH HEALTH SYSTEMS INC OCHSNER RUSH HEALTH

  • THE MERIDIAN ANESTHESIOLOGY GROUP INC

    C · ANESTHESIOLOGY SERVICES · MS · 100% owned · share of income $4,490,639 · share of assets $4,099,399 · controlled entity

    Directly controlled by MEDICAL FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
24 January 2025
IRS schema version
2023v6.0
Source object
202500249349301240

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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