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← TOURO INFIRMARY

Form 990 for tax year 2024

Filed by TOURO INFIRMARY.

Totals

Total revenue
$367,303,040
Total expenses
$375,542,142
Contributions and grants received
$1,732,176
Grants paid
$1,952,266
Program service revenue
$345,442,462
Investment income
$2,421,870
Other revenue
$17,706,532
Total assets, end of year
$383,804,079
Total liabilities, end of year
$161,808,126
Net assets or fund balances, end of year
$221,995,953
Program services expenses (Part IX)
$301,022,663
Management and general expenses
$74,519,479
Fundraising expenses
$0
Program service expenses (Part III)
$301,022,663

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $87,500

  • 1e · Government grants (contributions)

    $730,018

  • 1f · All other contributions, gifts and grants

    $914,658

  • 2a · Program service revenue: NET PATIENT SERVICE

    total $337,191,100 · related or exempt $337,191,100

  • 2b · Program service revenue: 340B OP DRUG PROGRAM

    total $8,251,362 · related or exempt $8,251,362

  • 3 · Investment income

    total $641,240 · excluded $641,240

  • 6a · Gross rents

    real property $8,356,486

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $8,356,486

  • 6d · Net rental income or loss

    total $8,356,486 · related or exempt $4,746,133 · excluded $3,610,353

  • 7a · Gross sales of assets other than inventory

    securities $12,707,199 · other assets $846,683

  • 7b · Less cost or other basis and sales expenses

    securities $11,773,252 · other assets $0

  • 7c · Gain or loss

    securities $933,947 · other assets $846,683

  • 7d · Net gain or loss

    total $1,780,630 · excluded $1,780,630

  • 11a · Other revenue: OTHER OPERATING REVENUE

    total $5,910,383 · related or exempt $5,881,630 · unrelated business $28,753

  • 11b · Other revenue: CAFETERIA/CATERING

    total $1,619,998 · excluded $1,619,998

  • 11c · Other revenue: SALES AND USE TAX REFUND

    total $1,038,074 · excluded $1,038,074

  • 11d · All other revenue

    total $781,591 · related or exempt $109,303 · unrelated business $100,913 · excluded $571,375

  • 11e · Other revenue, total

    $9,350,046

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,952,266 · program services $1,952,266

  • 5 · Compensation of officers, directors and key employees

    total $6,069,083 · program services $3,332,058 · management and general $2,737,025

  • 7 · Other salaries and wages

    total $100,500,908 · program services $91,326,721 · management and general $9,174,187

  • 8 · Pension plan contributions

    total $2,855,442 · program services $2,531,437 · management and general $324,005

  • 9 · Other employee benefits

    total $5,506,886 · program services $4,876,806 · management and general $630,080

  • 10 · Payroll taxes

    total $7,433,845 · program services $6,683,342 · management and general $750,503

  • 11a · Fees: management

    total $33,147,519 · program services $2,094,605 · management and general $31,052,914

  • 11b · Fees: legal

    total $375,956 · program services $79,335 · management and general $296,621

  • 11c · Fees: accounting

    total -$22,683 · program services $18,925 · management and general -$41,608

  • 11f · Fees: investment management

    total $31,675 · program services $22,521 · management and general $9,154

  • 11g · Fees: other

    total $53,421,253 · program services $47,378,740 · management and general $6,042,513

  • 12 · Advertising and promotion

    total $1,133,255 · program services $2,866 · management and general $1,130,389

  • 13 · Office expenses

    total $2,311,284 · program services $2,120,437 · management and general $190,847

  • 14 · Information technology

    total $1,316,334 · program services $1,144,044 · management and general $172,290

  • 16 · Occupancy

    total $17,834,067 · program services $6,215,236 · management and general $11,618,831

  • 17 · Travel

    total $121,941 · program services $13,102 · management and general $108,839

  • 19 · Conferences, conventions and meetings

    total $49,801 · program services $39,795 · management and general $10,006

  • 20 · Interest

    total $2,924,771 · program services $1,735,360 · management and general $1,189,411

  • 21 · Payments to affiliates

    total $928,991 · program services $928,991

  • 22 · Depreciation, depletion and amortization

    total $19,644,804 · program services $11,263,875 · management and general $8,380,929

  • 23 · Insurance

    total $3,000,405 · program services $3,000,405

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $101,383,478 · program services $101,352,795 · management and general $30,683

  • 24b · Other expenses: TAXES & LICENSES

    total $9,258,797 · program services $9,204,256 · management and general $54,541

  • 24c · Other expenses: COMMUNITY BENEFIT EXPEN

    total $3,324,831 · program services $3,324,831

  • 24d · Other expenses: OTHER EXPENSES

    total $920,097 · program services $365,205 · management and general $554,892

  • 24e · All other expenses

    total $117,136 · program services $14,709 · management and general $102,427

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1

  • 3 · Pledges and grants receivable

    beginning of year $61,354 · end of year $183,412

  • 4 · Accounts receivable

    beginning of year $37,427,000 · end of year $35,175,719

  • 7 · Other notes and loans receivable

    beginning of year $379,971 · end of year $811,156

  • 8 · Inventories for sale or use

    beginning of year $7,105,833 · end of year $7,657,748

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,228,138 · end of year $2,278,569

  • 10a · Land, buildings and equipment: cost or other basis

    $551,423,693

  • 10b · Land, buildings and equipment: accumulated depreciation

    $422,447,460

  • 10c · Land, buildings and equipment, net

    beginning of year $130,265,182 · end of year $128,976,233

  • 11 · Investments: publicly traded securities

    beginning of year $23,442,272 · end of year $18,969,552

  • 14 · Intangible assets

    beginning of year $1,411,000 · end of year $1,411,000

  • 15 · Other assets

    beginning of year $189,139,464 · end of year $188,340,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,628,908 · end of year $20,679,125

  • 19 · Deferred revenue

    beginning of year $44,357,459 · end of year $40,646,247

  • 20 · Tax-exempt bond liabilities

    beginning of year $33,734,843 · end of year $28,392,985

  • 25 · Other liabilities

    beginning of year $50,316,195 · end of year $72,089,769

  • 27 · Net assets without donor restrictions

    beginning of year $239,000,314 · end of year $220,590,284

  • 28 · Net assets with donor restrictions

    beginning of year $1,422,496 · end of year $1,405,669

Mission and programs · 2024

Mission

TOURO INFIRMARY IS DEDICATED TO IMPROVING THE HEALTH STATUS AND WELL BEING OF THE PEOPLE IT SERVES THROUGH THE PROVISION OF EFFECTIVE, EFFICIENT AND COMPASSIONATE HEALTHCARE SERVICES.

Activities or mission (Part I)

PROVISION OF HEALTHCARE SERVICES

  • FOUNDED IN 1852, TOURO INFIRMARY (TOURO) IS NEW ORLEANS' ONLY COMMUNITY BASED, NON-PROFIT, FAITH-BASED HOSPITAL. SINCE 2009, TOURO HAS BEEN A PART OF LCMC HEALTH. FOR MORE THAN 165 YEARS, TOURO HAS HAD A SPECIAL PLACE IN THE HEART OF THE COMMUNITY, PROVIDING HIGH QUALITY, COMPASSIONATE HEALTHCARE TO THE NEW ORLEANS COMMUNITY. AS A FULL-SERVICE HOSPITAL, TOURO OFFERS MEDICAL, SURGICAL, INTENSIVE CARE, OBSTETRIC, SKILLED NURSING INPATIENT SERVICES, INPATIENT AND OUTPATIENT REHABILITATION SERVICES, AND A 24-HOUR EMERGENCY DEPARTMENT. AS AN ADULT, ACUTE CARE HOSPITAL, TOURO OFFERS COMPREHENSIVE HEALTHCARE SERVICES AT EVERY STAGE OF LIFE, FROM DELIVERING THE SECOND MOST BABIES IN THE STATE FOR ANY SINGLE HOSPITAL TO PROVIDING CARDIAC, CANCER, AND REHABILITATION CARE IN A WARM AND HEALING (CONT'D ON SCH. O) ENVIRONMENT.THE HOSPITAL PROVIDES INPATIENT, OUTPATIENT, EMERGENCY AND CRITICAL CARE, HOME HEALTH AND REHABILITATION SERVICES. THE HOSPITAL HAS 210 ADULT BEDS, 61 REHABILITATION BEDS, 22 ICU BEDS AND 48 OB BEDS FOR A TOTAL OF 341 LICENSED BEDS. THE HOSPITAL TREATED 9,138 INPATIENTS AND HAD 237,851 OUTPATIENT VISITS IN 2024. ALSO, IN 2024 TOURO HAD 7,881 SURGERIES (INPATIENT, OUTPATIENT AND AMBULATORY SURGERY CENTER), 30,695 EMERGENCY DEPARTMENT VISITS, AND 2,317 DELIVERIES. LCMC HEALTH IS A NEW ORLEANS-BASED, NON-PROFIT HEALTH SYSTEM ON A MISSION TO PROVIDE THE BEST POSSIBLE CARE FOR EVERY PERSON AND PARISH IN LOUISIANA AND BEYOND, AND BRING A LITTLE MORE HEART AND SOUL TO HEALTH CARE ALONG THE WAY. ORIGINALLY FOUNDED BY LOUISIANA'S ONLY FREESTANDING CHILDREN'S HOSPITAL, THEY'VE GROWN INTO A HEALTHCARE SYSTEM THAT IS BUILT TO SERVE THE NEEDS OF OUR COMMUNITIES. TODAY, LCMC HEALTH OFFERS EIGHT HOSPITAL LOCATIONS. PLUS, THEY ALSO HAVE A SERIES OF PARTNERSHIPS THAT HELP PROVIDE THE MOST COMPREHENSIVE CARE, INCLUDING AGREEMENTS WITH CRESCENT CITY SURGICAL CENTRE, AN URGENT CARE PARTNERSHIP WITH PREMIER HEALTH, AND AN INVESTMENT IN A RETIREMENT AND REHAB COMMUNITY.

    Expenses $283,845,692 · Revenue $352,986,746

  • TOURO IS A TEACHING HOSPITAL OFFERING MEDICAL STUDENT AND POST GRADUATE MEDICAL TRAINING. IT HAS ACADEMIC AFFILIATIONS WITH LOUISIANA STATE UNIVERSITY HEALTH SCIENCES CENTER AND TULANE UNIVERSITY HEALTH SCIENCE CENTER. TOURO OFFERED TRAINING PROGRAMS TO 398 STUDENTS, 303 RESIDENTS, AND 43 FELLOWS IN 2024 IN THE SPECIALTIES OF ALLERGY, INTERNAL MEDICINE, EMERGENCY MEDICINE, COLON & RECTAL, CARDIOLOGY, NEUROLOGY, GENERAL SURGERY, GASTROENTEROLOGY, NICU, OB/GYN, GENERAL VASCULAR SURGERY, OMFS, MED/PEDS, NEONATOLOGY, PEDIATRICS, PLASTIC SURGERY, OPHTHALMOLOGY, PM&R, PAIN MANAGEMENT, PULMONARY, ORTHOPEDICS, OTOLARYNGOLOGY, AND UROLOGY. TOURO IS ALSO A CLINICAL TRAINING SITE FOR (CONT'D ON SCH O) NURSING AND ALLIED HEALTH PROGRAMS FOR VARIOUS METRO NEW ORLEANS COLLEGES INCLUDING LOUISIANA STATE UNIVERSITY (NEW ORLEANS, LA), DELGADO COMMUNITY COLLEGE (NEW ORLEANS, LA), DILLARD UNIVERSITY (NEW ORLEANS, LA). HOLY CROSS UNIVERSITY (NEW ORLEANS, LA), FLETCHER TECHNICAL COMMUNITY COLLEGE (SCHIVER, LA), CHAMBERLAIN UNIVERSITY (NEW ORLEANS, LA), AND SOUTHERN UNIVERSITY (NEW ORLEANS, LA). TOURO CURRENTLY OFFERS TRAINING PROGRAMS TO STUDENTS IN RESPIRATORY, RADIOLOGY AND NURSING. IN 2024, TOURO STAFF PROVIDED 8,191 HOURS OF SUPPORT TO THE 111 STUDENTS IN THESE PROGRAMS.IN 2024, TOURO REHABILITATION CENTER PROVIDED CLINICAL TRAINING TO PHYSICAL, OCCUPATIONAL, AND THERAPEUTIC RECREATION STUDENTS FROM COLLEGES AROUND THE COUNTRY, INCLUDING: LSU HEALTH SCIENCES (NEW ORLEANS, LA AND SHREVEPORT, LA), FRANCISCAN UNIVERSITY (BATON ROUGE, LA), UNIVERSITY OF TENNESSEE (CHATTANOOGA, TN), WASHINGTON UNIVERSITY (ST. LOUIS, MO), UNIVERSITY OF ST. AUGUSTINE (AUSTIN, TX), AND SOUTHERN UNIVERSITY (NEW ORLEANS, LA). PLUS, TOURO STAFF PROVIDED 184 HOURS OF MENTOR SUPPORT FOR SIX HIGH SCHOOL STUDENTS WISHING TO EXPLORE REHABILITATION THERAPY AS A CAREER CHOICE. IN ALL, TOURO STAFF PROVIDED 6424 HOURS OF SUPPORT TO 29 THERAPY INTERNS AND/OR TEACHING GROUPS.

    Expenses $11,903,418 · Revenue $3,192,782

  • DURING THE YEAR ENDED DECEMBER 31, 2024 TOURO PROVIDED $2,877,048 TO FURTHER LCMC AND LSU'S PARTNERSHIP TO PROVIDE PATIENTS WITH ACCESS TO STATE-OF-THE ART CLINICAL SERVICES AND CLINICAL TRIALS. THESE FUNDS ARE TO BE USED IN SUPPORT OF THEIR CLINICAL , RESEARCH AND EDUCATIONAL PROGRAMS IN THE AREAS OF ANATOMY, PHARMACOLOGY, AND PHYSIOLOGY, AND ARE INTENDED TO PROVIDE A TANGIBLE BENEFIT TO SOCIAL WELFARE THROUGH RELATED PROGRAMS AND EDUCATIONAL OPPORTUNITIES. THE FUNDS WERE ALSO USED TO FUND IT SERVICES PROVIDED TO NEW ORLEANS EAST HOSPITAL.IN 2024, TOURO DONATED $1,447,964 TO NEW ORLEANS CLINICAL SERVICES WITH THE INTENTION OF PROVIDING WORKING CAPITAL SUPPORT TO ALLOW FOR THEIR HEALTHCARE ACTIVITIES. THIS DONATION SUPPORTS (CONT'D ON SCH. O) TOURO'S TAX-EXEMPT PURPOSE AND COMMUNITY BENEFITS OBLIGATIONS AND IS PRESENTED AS COMMUNITY SUPPORT IN THE STATEMENT OF OPERATIONS. NEW ORLEANS CLINICAL SERVICES IS A AS COMMUNITY SUPPORT IN THE STATEMENT OF OPERATIONS. NEW ORLEANS CLINICAL SERVICES IS A SMLLC OF LOUISIANA CHILDREN'S MEDICAL CENTER, A 501(C)(3) HOPSITAL AND THE SOLE MEMBER OF TOURO INFIRMARY.DURING THE YEAR ENDED DECEMBER 31, 2024, TOURO DONATED $500,758 TO LCMC HEALTH CLINICAL SERVICES D/B/A NOLA PHYSICIANS GROUP (NOLA PG) WITH THE INTENTION OF PROVIDING WORKING CAPITAL TO NOLA PG TO ALLOW FOR THEIR HEALTHCARE ACTIVITIES, SPECIFICALLY TO PROVIDE NEEDED SERVICES TO THE UNDERSERVED AREA OF NEW ORLEANS EAST. THIS DONATION SUPPORTS TOURO'S TAX-EXEMPT PURPOSE AND COMMUNITY BENEFITS OBLIGATIONS AND IS PRESENTED AS COMMUNITY SUPPORT IN THE STATEMENT OF OPERATIONS. LCMC HEALTH CLINICAL SERVICES IS A SMLLC OF LOUISIANA CHILDREN'S MEDICAL CENTER, A 501(C)(3) HOPSITAL AND THE SOLE MEMBER OF TOURO INFIRMARY.TOURO ALSO GAVE FUNDS THROUGHOUT THE YEAR TO LOCAL AREA CHARITIES TO HELP FURTHER THEIR MISSION.

    Expenses $5,273,553 · Grants $1,952,266

  • COMMUNITY HEALTH SERVICES AND COMMUNITY BENEFIT OPERATIONS PROVIDE FREE HEALTH EDUCATION PROGRAMS AND SCREENINGS TO THE COMMUNITY. THESE PROGRAMS ARE DESIGNED TO FOCUS ON SOME OF THE MOST PREVALENT DISEASES IN THE NEW ORLEANS COMMUNITY, SUCH AS DIABETES, HEART DISEASE AND CANCER. THESE PROGRAMS ADDRESS PREVENTION, EARLY DETECTION, TREATMENT AND MAINTAINING HEALTHY LIFESTYLES. IN 2024, TOURO OFFERED OR PARTICIPATED IN 205 TOTAL COMMUNITY OUTREACH EVENTS, WHICH WERE ATTENDED BY 2,900 PEOPLE.TOURO PROVIDES MEETING SPACE FREE OF CHARGE TO LOCAL NON-PROFITS AND OTHER ORGANIZATIONS FOR THE BENEFIT OF THE COMMUNITY. IN 2024, TOURO PROVIDED MEETING SPACE FOR 235 MEETINGS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Feirn

    SYSTEM PRESIDENT/CEO

    Total calculated
    $3,735,208
    From this org
    $0
    From related orgs
    $2,780,273
    Other
    $954,935
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,794,145 related
    Bonus
    $0 + $978,328 related
    Other
    $0 + $7,800 related
    Deferred
    $0 + $935,836 related
    Nontaxable benefits
    $0 + $19,099 related
    Filer's total
    $0 + $3,735,208 related

  • William Von Almen MD

    MEDICAL STAFF DIRECTOR

    Total calculated
    $236,241
    From this org
    $0
    From related orgs
    $208,269
    Other
    $27,972
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $207,669 related
    Bonus
    $0
    Other
    $0 + $600 related
    Deferred
    $0 + $8,190 related
    Nontaxable benefits
    $0 + $19,782 related
    Filer's total
    $0 + $236,241 related

  • Knight Worley MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jill Israel

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kim Boyle

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mara Force

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Lichtenberg

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Crystal McDonald

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Silbert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Lege

    PRESIDENT AND CEO

    Total calculated
    $812,446
    From this org
    $0
    From related orgs
    $686,854
    Other
    $125,592
    Hours/week
    53 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $544,164 related
    Bonus
    $0 + $142,690 related
    Other
    $0
    Deferred
    $0 + $113,800 related
    Nontaxable benefits
    $0 + $11,792 related
    Filer's total
    $0 + $812,446 related

  • Austin Marks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stuart Kottle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Mims MD

    BOARD MEMBER

    Total calculated
    $450,082
    From this org
    $0
    From related orgs
    $424,463
    Other
    $25,619
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $361,226 related
    Bonus
    $0 + $63,237 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,619 related
    Filer's total
    $0 + $450,082 related

  • Jasmine Brown Derousselle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ted Leclercq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brooke Bissinger Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robin Giarrusso

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Caroline Good

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Larry Lovell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Sillars

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ruth Kullman

    LCMC BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paul Du Treil MD

    MEDICAL STAFF PRESIDENT

    Total calculated
    $1,025,295
    From this org
    $0
    From related orgs
    $999,703
    Other
    $25,592
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $999,703 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $11,792 related
    Filer's total
    $0 + $1,025,295 related

  • Stephen M Baldwin

    CHIEF OPERATING OFFICER

    Total calculated
    $444,563
    From this org
    $0
    From related orgs
    $416,325
    Other
    $28,238
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $331,426 related
    Bonus
    $0 + $84,899 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $14,438 related
    Filer's total
    $0 + $444,563 related

  • Patricia Rosenberg

    CHIEF NURSING OFFICER

    Total calculated
    $456,111
    From this org
    $0
    From related orgs
    $423,655
    Other
    $32,456
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $267,835 related
    Bonus
    $0 + $155,820 related
    Other
    $0
    Deferred
    $0 + $12,947 related
    Nontaxable benefits
    $0 + $19,509 related
    Filer's total
    $0 + $456,111 related

  • Jay Pennisson

    CFO

    Total calculated
    $474,961
    From this org
    $0
    From related orgs
    $434,583
    Other
    $40,378
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,163 related
    Bonus
    $0 + $92,420 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $26,578 related
    Filer's total
    $0 + $474,961 related

  • Takeisha Davis

    NOEH - PRESIDENT/CEO

    Total calculated
    $475,660
    From this org
    $0
    From related orgs
    $454,322
    Other
    $21,338
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $347,943 related
    Bonus
    $0 + $106,379 related
    Other
    $0
    Deferred
    $0 + $6,900 related
    Nontaxable benefits
    $0 + $14,438 related
    Filer's total
    $0 + $475,660 related

  • Gretchen Penton

    EXEC VP OF CCPI

    Total calculated
    $343,105
    From this org
    $0
    From related orgs
    $337,095
    Other
    $6,010
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $84,509 related
    Bonus
    $0 + $63,964 related
    Other
    $0 + $188,622 related
    Deferred
    $0 + $3,334 related
    Nontaxable benefits
    $0 + $2,676 related
    Filer's total
    $0 + $343,105 related

  • Candace S Robinson

    NOEH CHIEF MEDICAL OFFICER

    Total calculated
    $438,705
    From this org
    $0
    From related orgs
    $406,881
    Other
    $31,824
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $339,350 related
    Bonus
    $0 + $67,531 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $18,024 related
    Filer's total
    $0 + $438,705 related

  • Troy Bond

    AVP HUMAN RESOURCES

    Total calculated
    $309,953
    From this org
    $0
    From related orgs
    $280,726
    Other
    $29,227
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $229,202 related
    Bonus
    $0 + $51,524 related
    Other
    $0
    Deferred
    $0 + $11,357 related
    Nontaxable benefits
    $0 + $17,870 related
    Filer's total
    $0 + $309,953 related

  • Courtney J Marbley

    NOEH-CHIEF NURSING OFFICER

    Total calculated
    $374,354
    From this org
    $0
    From related orgs
    $344,287
    Other
    $30,067
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $268,087 related
    Bonus
    $0 + $76,200 related
    Other
    $0
    Deferred
    $0 + $11,780 related
    Nontaxable benefits
    $0 + $18,287 related
    Filer's total
    $0 + $374,354 related

  • Danielle Willis

    NOEH CFO

    Total calculated
    $319,442
    From this org
    $0
    From related orgs
    $298,729
    Other
    $20,713
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $250,082 related
    Bonus
    $0 + $48,647 related
    Other
    $0
    Deferred
    $0 + $12,086 related
    Nontaxable benefits
    $0 + $8,627 related
    Filer's total
    $0 + $319,442 related

  • Craig Edrington

    CLINICAL SUPERVISOR

    Total calculated
    $223,444
    From this org
    $0
    From related orgs
    $200,936
    Other
    $22,508
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $184,786 related
    Bonus
    $0 + $16,150 related
    Other
    $0
    Deferred
    $0 + $8,367 related
    Nontaxable benefits
    $0 + $14,141 related
    Filer's total
    $0 + $223,444 related

  • John Richert

    PHYSICIAN

    Total calculated
    $222,064
    From this org
    $0
    From related orgs
    $206,299
    Other
    $15,765
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $206,299 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,303 related
    Nontaxable benefits
    $0 + $7,462 related
    Filer's total
    $0 + $222,064 related

  • Tara Montgomery

    DIRECTOR OF PHARMACY SERVI

    Total calculated
    $231,751
    From this org
    $0
    From related orgs
    $213,691
    Other
    $18,060
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $190,694 related
    Bonus
    $0 + $22,997 related
    Other
    $0
    Deferred
    $0 + $8,609 related
    Nontaxable benefits
    $0 + $9,451 related
    Filer's total
    $0 + $231,751 related

  • Kimberly Brown

    VP ANESTHESIA AND PAIN MED

    Total calculated
    $308,898
    From this org
    $0
    From related orgs
    $289,091
    Other
    $19,807
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $261,891 related
    Bonus
    $0 + $27,200 related
    Other
    $0
    Deferred
    $0 + $10,298 related
    Nontaxable benefits
    $0 + $9,509 related
    Filer's total
    $0 + $308,898 related

  • Monica Gange

    RN

    Total calculated
    $251,627
    From this org
    $0
    From related orgs
    $229,685
    Other
    $21,942
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $227,735 related
    Bonus
    $0 + $1,950 related
    Other
    $0
    Deferred
    $0 + $7,831 related
    Nontaxable benefits
    $0 + $14,111 related
    Filer's total
    $0 + $251,627 related

  • Manny Linares

    PRESIDENT AND CEO

    Total calculated
    $234,753
    From this org
    $0
    From related orgs
    $225,434
    Other
    $9,319
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $21,853 related
    Bonus
    $0 + $203,581 related
    Other
    $0
    Deferred
    $0 + $9,005 related
    Nontaxable benefits
    $0 + $314 related
    Filer's total
    $0 + $234,753 related

  • Bradley Sinclair

    FORMER OFFICER

    Total calculated
    $576,978
    From this org
    $0
    From related orgs
    $559,776
    Other
    $17,202
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,834 related
    Bonus
    $0 + $134,942 related
    Other
    $0
    Deferred
    $0 + $11,427 related
    Nontaxable benefits
    $0 + $5,775 related
    Filer's total
    $0 + $576,978 related

  • Chad Courrege

    FORMER OFFICER

    Total calculated
    $600,297
    From this org
    $0
    From related orgs
    $563,688
    Other
    $36,609
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,294 related
    Bonus
    $0 + $142,912 related
    Other
    $0 + $70,482 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $22,809 related
    Filer's total
    $0 + $600,297 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, 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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)

PART I, LINE 3
BASE COMPENSATION, INCENTIVE COMPENSATION AND ALL OTHER REPORTABLE AND NON-REPORTABLE COMPENSATION FOR TOURO'S PRESIDENT/CEO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF LOUISIANA CHILDREN'S MEDICAL CENTER WHICH IS TOURO'S PARENT. THE EXECUTIVE COMMITTEE IS A NINE VOTING-MEMBER SUBSET OF THE BOARD OF TRUSTEES. DECISIONS MADE BY THE EXECUTIVE COMMITTEE ARE DOCUMENTED AND REPORTED IN SUMMARY TO THE FULL BOARD OF TRUSTEES. IN ADDITION TO BOARD REVIEW, THIRD-PARTY CONSULTANTS PERIODICALLY REVIEW COMPENSATION AND INCENTIVE AMOUNTS TO ENSURE MARKET REASONABLENESS AND COMPETITIVENESS. THIRD-PARTY PREPARED COMPENSATION AND INCENTIVE REVIEW IS PRESENTED TO THE EXECUTIVE COMMITTEE.
PART I, LINE 4A
DURING 2024, CHAD COURREGE RECEVIED A SEVERANCE PAYMENT OF $81,852 FROM A RELATED ORGANIZATION. GRETCHEN PENTON RECEIVED A SEVERANCE PAYMENT OF $188,622 FROM A RELATED ORGANIZATION.
PART I, LINE 5
THE LCMC HEALTH SYSTEM OFFERS AN INCENTIVE COMPENSATION PLAN FOR EMPLOYEES AT THE DIRECTOR LEVEL AND ABOVE. PAYOUTS ARE BASED ON A BALANCED SCORECARD OF OBJECTIVE MEASURES ACROSS THREE KEY AREAS: SERVICE AND PEOPLE, QUALITY, AND GROWTH AND PERFORMANCE IMPROVEMENT. EACH AREA INCLUDES SPECIFIC, MEASURABLE TARGETS SUCH AS FINANCIAL PERFORMANCE METRICS, CLINICAL AND QUALITY OUTCOMES, AND GROWTH INITIATIVES THAT COLLECTIVELY DETERMINE OVERALL RESULTS. TARGETS ARE SET AT THE START OF EACH FISCAL YEAR, WITH FINAL PERFORMANCE ASSESSED AND PAYOUTS CALCULATED ONCE ALL RESULTS, INCLUDING FINANCIAL OUTCOMES, HAVE BEEN FINALIZED.

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

  • NEW ORLEANS CLINICAL SERVICES LLC (A SMLLC OF LCMC)

    $1,447,964

    DURING THE YEAR ENDED DECEMBER 31, 2024, TOURO DONATED $1,447,964 TO LCMC NEW ORLEANS CLINICAL SERVICES WITH THE INTENTION OF PROVIDING WORKING CAPITAL TO ALLOW FOR THEIR HEALTHCARE ACTIVITIES. THIS DONATION SUPPORTS TOURO'S TAX-EXEMPT PURPOSE AND COMMUNITY BENEFITS OBLIGATIONS AND IS PRESENTED AS COMMUNITY SUPPORT IN THE STATEMENT OF OPERATIONS. NEW ORLEANS CLINICAL SERVICES IS A AS COMMUNITY SUPPORT IN THE STATEMENT OF OPERATIONS. NEW ORLEANS CLINICAL SERVICES IS A SMLLC OF LOUISIANA CHILDREN'S MEDICAL CENTER, A 501(C)(3) HOPSITAL AND THE SOLE MEMBER OF TOURO INFIRMARY.

  • LCMC HEALTH CLINICAL SERVICES DBA NOLA PHYSICIAN GROUP

    $500,758

    DURING THE YEAR ENDED DECEMBER 31, 2024, TOURO DONATED $500,758 TO LCMC HEALTH CLINICAL SERVICES D/B/A NOLA PHYSICIANS GROUP (NOLA PG) WITH THE INTENTION OF PROVIDING WORKING CAPITAL TO NOLA PG TO ALLOW FOR THEIR HEALTHCARE ACTIVITIES, SPECIFICALLY TO PROVIDE NEEDED SERVICES TO THE UNDERSERVED AREA OF NEW ORLEANS EAST. THIS DONATION SUPPORTS TOURO'S TAX-EXEMPT PURPOSE AND COMMUNITY BENEFITS OBLIGATIONS AND IS PRESENTED AS COMMUNITY SUPPORT IN THE STATEMENT OF OPERATIONS. LCMC HEALTH CLINICAL SERVICES IS A SMLLC OF LOUISIANA CHILDREN'S MEDICAL CENTER, A 501(C)(3) HOPSITAL AND THE SOLE MEMBER OF TOURO INFIRMARY.

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.

Related partnerships

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

  • TIJV

    INVESTMENT · IMAGING CENTER RENTAL · LA · 31.5% owned · share of income $157,285 · share of assets $804,209

    Directly controlled by TOURO INFIRMARY

  • COMMUNITY SERVICES COLLABORATIVE

    MEDICAL COLLABORATION · LA

  • EAST JEFFERSON SURGERY CENTER LLC

    OUTPATIENT SURGERY · LA

Related corporations and trusts

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

  • CRESCENT CITY PHYSICIANS INC

    C · HEALTHCARE · LA · 100% owned · share of income -$13,833,239 · share of assets $59,215,691 · controlled entity

    Directly controlled by TOURO INFIRMARY

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349312977

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