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← MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION

Form 990 for tax year 2024

Filed by MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION.

Totals

Total revenue
$43,065,859
Total expenses
$60,307,172
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$51,268,545
Management and general expenses
$9,038,627
Fundraising expenses
$0
Program service expenses (Part III)
$51,268,545

Program services were 85.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • D LARKIN KENNEDY

    OFFICER

    Total calculated
    $714,433
    From this org
    $0
    From related orgs
    $654,938
    Other
    $59,495
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $464,172 related
    Bonus
    $0 + $169,675 related
    Other
    $0 + $21,091 related
    Deferred
    $0 + $30,806 related
    Nontaxable benefits
    $0 + $28,689 related
    Filer's total
    $0 + $714,433 related

  • J ALLEN TYRA

    OFFICER

    Total calculated
    $396,446
    From this org
    $0
    From related orgs
    $368,777
    Other
    $27,669
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,018 related
    Bonus
    $0 + $71,655 related
    Other
    $0 + $12,104 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $20,869 related
    Filer's total
    $0 + $396,446 related

  • DAVID BUTLER

    OFFICER

    Total calculated
    $367,572
    From this org
    $0
    From related orgs
    $346,712
    Other
    $20,860
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,524 related
    Bonus
    $0 + $71,604 related
    Other
    $0 + $2,584 related
    Deferred
    $0 + $3,400 related
    Nontaxable benefits
    $0 + $17,460 related
    Filer's total
    $0 + $367,572 related

  • P LANCE BRENT

    BOARD MEMBER

    Total calculated
    $211,734
    From this org
    $0
    From related orgs
    $183,543
    Other
    $28,191
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,648 related
    Bonus
    $0 + $18,594 related
    Other
    $0 + $1,301 related
    Deferred
    $0 + $6,644 related
    Nontaxable benefits
    $0 + $21,547 related
    Filer's total
    $0 + $211,734 related

  • FREDERICK DUGGAN MD

    FORMER OFFICER

    Total calculated
    $470,098
    From this org
    $0
    From related orgs
    $438,009
    Other
    $32,089
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,498 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $3,011 related
    Deferred
    $0 + $3,400 related
    Nontaxable benefits
    $0 + $28,689 related
    Filer's total
    $0 + $470,098 related

  • LANE RUSH MD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $1,278,861
    From this org
    $0
    From related orgs
    $1,246,610
    Other
    $32,251
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,180,793 related
    Bonus
    $0 + $51,500 related
    Other
    $0 + $14,317 related
    Deferred
    $0 + $3,400 related
    Nontaxable benefits
    $0 + $28,851 related
    Filer's total
    $0 + $1,278,861 related

  • BYRON TUCKERMD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $1,264,669
    From this org
    $0
    From related orgs
    $1,226,639
    Other
    $38,030
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,221,059 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $4,080 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $31,230 related
    Filer's total
    $0 + $1,264,669 related

  • EDWARD SMITH MD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $1,112,076
    From this org
    $0
    From related orgs
    $1,080,253
    Other
    $31,823
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,010,029 related
    Bonus
    $0 + $51,500 related
    Other
    $0 + $18,724 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $25,023 related
    Filer's total
    $0 + $1,112,076 related

  • URELAINE SIMON-HART MD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $900,747
    From this org
    $0
    From related orgs
    $877,644
    Other
    $23,103
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $875,262 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $882 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $16,303 related
    Filer's total
    $0 + $900,747 related

  • LESLIE B GRAY MD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $818,986
    From this org
    $0
    From related orgs
    $786,035
    Other
    $32,951
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $782,491 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $2,044 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $26,151 related
    Filer's total
    $0 + $818,986 related

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 — 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN
OCHSNER HEALTH 457(F) PLAN 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 2024: - D. LARKIN KENNEDY, CEO OCHSNER RUSH HEALTH; 2024 DISTRIBUTION $5,964 RUSH HEALTH SYSTEMS' CHIEF EXECUTIVE OFFICER, LARKIN KENNEDY, IS PROVIDED WITH A LIFE INSURANCE POLICY WHEREBY PREMIUMS ARE PAID BY THE EMPLOYER, AND PREMIUMS WILL BE RECOVERED AT DEATH OR TERMINATION OF THE AGREEMENT. THE PREMIUMS ARE INCLUDED AS TAXABLE COMPENSATION.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349312751

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