Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $201,450,829 · related or exempt $199,086,304 · excluded $2,364,525

• 3 · Investment income

  total $3,366,864 · excluded $3,366,864

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

  other assets $11,799

• 7c · Gain or loss

  other assets -$11,799

• 7d · Net gain or loss

  total -$11,799 · excluded -$11,799

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $676,025 · program services $676,025

• 9 · Other employee benefits

  total $56,842 · program services $56,842

• 10 · Payroll taxes

  total $42,974 · program services $42,974

• 11a · Fees: management

  total $4,871,141 · management and general $4,871,141

• 11g · Fees: other

  total $179,982,563 · program services $149,461,808 · management and general $30,520,755

• 12 · Advertising and promotion

  total $604 · program services $604

• 13 · Office expenses

  total $174,427 · program services $174,427

• 14 · Information technology

  total $279,535 · program services $279,535

• 16 · Occupancy

  total $186,219 · program services $186,219

• 17 · Travel

  total $177 · program services $177

• 22 · Depreciation, depletion and amortization

  total $81,430 · program services $81,430

• 23 · Insurance

  total $250 · program services $250

• 24a · Other expenses: RECRUITING

  total $353,625 · program services $353,625

• 24b · Other expenses: MEMBERSHIPS & SUBSCRIPT

  total $26,875 · program services $26,875

• 24c · Other expenses: LICENSES AND TAXES

  total $1,203 · program services $1,203

• 24e · All other expenses

  total $32,888 · program services $32,888

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,191,205 · end of year $1,005,009

• 2 · Savings and temporary cash investments

  beginning of year $41,276,881 · end of year $28,900,000

• 4 · Accounts receivable

  beginning of year $12,746,624 · end of year $7,778,156

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

  $854,934

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

  $740,396

• 10c · Land, buildings and equipment, net

  beginning of year $195,968 · end of year $114,538

• 15 · Other assets

  beginning of year $164,486,436 · end of year $288,328,454

• 17 · Accounts payable and accrued expenses

  beginning of year $1,475,454 · end of year $1,238,769

• 23 · Secured mortgages and notes payable

  beginning of year $65,937 · end of year $0

• 25 · Other liabilities

  beginning of year $153,204,273 · end of year $241,696,822

• 27 · Net assets without donor restrictions

  beginning of year $65,151,450 · end of year $83,190,566

The filer's explanations (Part III)

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.

SCH J, PT I, LN 3 - ARRANGEMENT USED TO ESTABLISH TOP MGMT OFFICIAL'S COMP

ALL OCHSNER LSU HEALTH SYSTEM OF NORTH LOUISIANA'S CEO AND OFFICER COMPENSATION AND BENEFITS ARRANGEMENTS, INCLUDING SALARY AND BONUS INCENTIVE PLANS, ARE REVIEWED BY OCHSNER CLINIC FOUNDATION'S EXECUTIVE TEAM UNDER ITS AGREEMENT TO PROVIDE MANAGEMENT SERVICES. OCHSNER CLINIC FOUNDATION'S EXECUTIVE TEAM IS WITHOUT CONFLICTS OF INTEREST AND USES AN INDEPENDENT EXTERNAL CONSULTANT. APPROPRIATE DATA IS APPLIED TO DETERMINE THE COMPARABILITY OF FAIR MARKET VALUE PAY AND ALL ACTIONS ARE APPROPRIATELY DOCUMENTED.