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Nonprofiteer
← CHILDRENS HOSPITAL ANESTHESIA CORPORATION

Form 990 for tax year 2022

Filed by CHILDRENS HOSPITAL ANESTHESIA CORPORATION.

Totals

Total revenue
$48,731,249
Total expenses
$48,731,250
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$48,724,664
Investment income
$6,585
Other revenue
$0
Total assets, end of year
$15,982,874
Total liabilities, end of year
$15,978,000
Net assets or fund balances, end of year
$4,874
Program services expenses (Part IX)
$46,666,443
Management and general expenses
$2,064,807
Fundraising expenses
$0
Program service expenses (Part III)
$46,666,443

Program services were 95.8% 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.

  • 2a · Program service revenue: PHYSICIAN SERVICES

    total $48,724,664 · related or exempt $48,724,664

  • 3 · Investment income

    total $6,585 · excluded $6,585

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $40,692,650 · program services $40,404,943 · management and general $287,707

  • 8 · Pension plan contributions

    total $875,001 · program services $868,901 · management and general $6,100

  • 9 · Other employee benefits

    total $932,325 · program services $826,797 · management and general $105,528

  • 10 · Payroll taxes

    total $2,109,542 · program services $2,089,604 · management and general $19,938

  • 11b · Fees: legal

    total $54,446 · management and general $54,446

  • 11g · Fees: other

    total $2,915,032 · program services $1,365,243 · management and general $1,549,789

  • 14 · Information technology

    total $21,375 · management and general $21,375

  • 17 · Travel

    total $35,474 · program services $32,912 · management and general $2,562

  • 19 · Conferences, conventions and meetings

    total $30,863 · program services $30,863

  • 23 · Insurance

    total $945,570 · program services $931,651 · management and general $13,919

  • 24a · Other expenses: DUES & MEMBERSHIPS

    total $59,300 · program services $59,300

  • 24b · Other expenses: PERMITS, LICENSES & FIL

    total $38,791 · program services $38,791

  • 24c · Other expenses: BOOKS & SUBSCRIPTIONS

    total $11,630 · program services $11,630

  • 24d · Other expenses: OTHER MISCELLANEOUS EXP

    total $5,000 · program services $5,000

  • 24e · All other expenses

    total $4,251 · program services $808 · management and general $3,443

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $745,314 · end of year $1,934,656

  • 2 · Savings and temporary cash investments

    beginning of year $250,000

  • 4 · Accounts receivable

    beginning of year $4,122,362 · end of year $5,104,601

  • 7 · Other notes and loans receivable

    beginning of year $3,779,959 · end of year $8,372,022

  • 9 · Prepaid expenses and deferred charges

    beginning of year $482,929 · end of year $571,595

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,107,123 · end of year $6,456,567

  • 19 · Deferred revenue

    beginning of year $103,785

  • 25 · Other liabilities

    beginning of year $4,164,781 · end of year $9,521,433

  • 27 · Net assets without donor restrictions

    beginning of year $4,875 · end of year $4,874

Mission and programs · 2022

Mission

LCMC HEALTH ANESTHESIA CORPORATION (LHAC) WAS FORMED WITH THE PURPOSE OF ENGAGING IN THE PRACTICE OF MEDICINE IN CONJUNCTION WITH AND IN SUPPORT OF THE PATIENT CARE, GRADUATE MEDICAL EDUCATION AND RESEARCH MISSIONS OF LCMC AFFILIATED HEALTHCARE FACILITIES TO (CONT'D ON SCH O) PROVIDE IN CONJUNCTION WITH LCMC AFFILIATED HEALTHCARE FACILITIES AND MANAGED CARE FACILITIES, COST EFFECTIVE COMPREHENSIVE ANESTHESIA AND ANESTHESIA RELATED SERVICES TO THE COMMUNITIES SERVED BY THE LCMC HEALTH SYSTEM.

Activities or mission (Part I)

THIS CORPORATION IS FORMED FOR THE PURPOSE OF ENGAGING IN THE PRACTICE OF (CONT'D ON SCH O) MEDICINE IN CONJUNCTION WITH AND IN SUPPORT OF THE PATIENT CARE, GRADUATE MEDICAL EDUCATION AND RESEARCH MISSIONS OF LCMC AFFILIATED HEALTHCARE FACILITIES TO PROVIDE IN CONJUNCTION WITH LCMC AFFILIATED HEALTHCARE FACILITIES AND MANAGED HEALTHCARE FACILITIES, COST-EFFECTIVE COMPREHENSIVE ANESTHESIA AND ANESTHESIA-RELATED SERVICES TO THE COMMUNITIES SERVED BY THE LCMC HEALTH SYSTEM AND TO RENDER ALL SERVICES INCIDENTAL OR ANCILLARY THERETO.

  • PATIENT SERVICES: CHILDREN'S HOSPITAL ANESTHESIA CORPORATION BEGAN OPERATIONS ON JULY 1, 2000. DURING 2021, CHILDREN'S HOSPITAL ANESTHESIA CORPORATION'S MEDICAID POPULATION REPRESENTED 37.70% OF TOTAL GROSS PATIENT REVENUES. CHILDREN'S HOSPITAL ANESTHESIA CORPORATION DOES NOT DISCRIMINATE ON ANY PATIENT'S ABILITY TO PAY AND, IN ADDITION TO THE MEDICAID POPULATION SERVED, RENDERED SERVICES TOTALING OVER $668,275 IN FREE CARE DURING 2022.

    Expenses $46,666,443 · Revenue $48,724,664

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gregory C Feirn

    BOARD MEMBER, CEO LCMC

    Total calculated
    $2,473,721
    From this org
    $0
    From related orgs
    $2,439,917
    Other
    $33,804
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,035,199 related
    Bonus
    $0 + $393,303 related
    Other
    $0 + $11,415 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $21,604 related
    Filer's total
    $0 + $2,473,721 related

  • John Heaton MD

    BOARD MEMBER/PRES

    Total calculated
    $1,024,954
    From this org
    $0
    From related orgs
    $996,323
    Other
    $28,631
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $786,476 related
    Bonus
    $0 + $193,530 related
    Other
    $0 + $16,317 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $16,431 related
    Filer's total
    $0 + $1,024,954 related

  • Brandon S Black

    ANESTHESIOLOGIST

    Total calculated
    $597,820
    From this org
    $585,620
    From related orgs
    $0
    Other
    $12,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $530,889
    Bonus
    $51,116
    Other
    $3,615
    Deferred
    $12,200
    Nontaxable benefits
    $0
    Filer's total
    $597,820

  • Akkara Paul

    ANESTHESIOLOGIST

    Total calculated
    $633,493
    From this org
    $594,925
    From related orgs
    $0
    Other
    $38,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $543,927
    Bonus
    $47,383
    Other
    $3,615
    Deferred
    $12,200
    Nontaxable benefits
    $26,368
    Filer's total
    $633,493

  • Patrick S McCarty

    ANESTHESIOLOGIST

    Total calculated
    $678,433
    From this org
    $640,462
    From related orgs
    $0
    Other
    $37,971
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $580,109
    Bonus
    $58,220
    Other
    $2,133
    Deferred
    $12,200
    Nontaxable benefits
    $25,771
    Filer's total
    $678,433

  • Christopher J Broussard

    ANESTHESIOLOGIST

    Total calculated
    $705,587
    From this org
    $663,969
    From related orgs
    $0
    Other
    $41,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $600,559
    Bonus
    $61,277
    Other
    $2,133
    Deferred
    $12,200
    Nontaxable benefits
    $29,418
    Filer's total
    $705,587

  • Gregory J Bordelon

    ANESTHESIOLOGIST

    Total calculated
    $850,970
    From this org
    $812,318
    From related orgs
    $0
    Other
    $38,652
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $745,431
    Bonus
    $64,868
    Other
    $2,019
    Deferred
    $12,200
    Nontaxable benefits
    $26,452
    Filer's total
    $850,970

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

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
BASE COMPENSATION, INCENTIVE COMPENSATION AND ALL OTHER REPORTABLE AND NON-REPORTABLE COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS A 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'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.

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 LLC

    IMAGING CENTER RENTAL · LA

  • CRESCENT CITY RESEARCH CONSORTIUM LLC

    SCIENTIFIC RESEARCH · LA

  • 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

  • BUCKMAN MEDICAL OFFICE BUILDING CONDOMINIUM ASSOCIATION

    C · REAL ESTATE · LA

  • PRYTANIA MEDICAL COMPLEX OWNERS ASSOCIATION

    C · REAL ESTATE · LA

Provenance

Return type
form_990
Tax year
2022
Filed
12 February 2024
IRS schema version
2022v5.0
Source object
202420459349300822

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