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← MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION

Form 990 for tax year 2022

Filed by MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION.

Totals

Total revenue
$33,212,172
Total expenses
$52,682,965
Contributions and grants received
$1,476,396
Grants paid
$0
Program service revenue
$31,648,009
Investment income
$61,408
Other revenue
$26,359
Total assets, end of year
$1,447,906
Total liabilities, end of year
$21,684,226
Net assets or fund balances, end of year
-$20,236,320
Program services expenses (Part IX)
$42,290,800
Management and general expenses
$10,392,165
Fundraising expenses
$0
Program service expenses (Part III)
$42,290,800

Program services were 80.3% 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.

  • 1e · Government grants (contributions)

    $1,476,396

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $30,241,827 · related or exempt $28,185,791 · unrelated business $2,056,036

  • 2b · Program service revenue: MEDICAL FEES FROM AFFILIATES

    total $1,199,459 · related or exempt $1,199,459

  • 2c · Program service revenue: HEALTHCARE MANAGEMENT FEES

    total $104,541 · related or exempt $104,541

  • 2d · Program service revenue: RENTAL FROM AFFILIATE

    total $102,182 · excluded $102,182

  • 3 · Investment income

    total $61,408 · excluded $61,408

  • 6a · Gross rents

    real property $7,398

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $7,398

  • 6d · Net rental income or loss

    total $7,398 · excluded $7,398

  • 11a · Other revenue: ADMIN SERVICES

    total $18,961 · related or exempt $18,961

  • 11e · Other revenue, total

    $18,961

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $29,051,240 · program services $28,243,767 · management and general $807,473

  • 8 · Pension plan contributions

    total $186,098 · management and general $186,098

  • 9 · Other employee benefits

    total $2,339,400 · program services $864,998 · management and general $1,474,402

  • 10 · Payroll taxes

    total $1,739,445 · program services $1,663,652 · management and general $75,793

  • 11a · Fees: management

    total $5,501,634 · management and general $5,501,634

  • 11g · Fees: other

    total $5,173,944 · program services $5,053,604 · management and general $120,340

  • 12 · Advertising and promotion

    total -$99 · program services -$99

  • 13 · Office expenses

    total $300,055 · program services $269,841 · management and general $30,214

  • 14 · Information technology

    total $875 · program services $875

  • 16 · Occupancy

    total $1,206,206 · program services $997,202 · management and general $209,004

  • 17 · Travel

    total $51,074 · program services $46,400 · management and general $4,674

  • 19 · Conferences, conventions and meetings

    total $324,847 · program services $75,218 · management and general $249,629

  • 20 · Interest

    total $45,997 · program services $45,997

  • 22 · Depreciation, depletion and amortization

    total $317,472 · program services $104,868 · management and general $212,604

  • 23 · Insurance

    total $706,674 · program services $4,991 · management and general $701,683

  • 24a · Other expenses: MED SUPPL, ORGANS DRUGS

    total $4,593,434 · program services $4,537,019 · management and general $56,415

  • 24b · Other expenses: MBRSHIPS & SUBSCRIPTION

    total $800,050 · program services $64,343 · management and general $735,707

  • 24c · Other expenses: LICENSES AND TAXES

    total $238,690 · program services $236,263 · management and general $2,427

  • 24d · Other expenses: MISC EXPENSES

    total $42,073 · program services $28,248 · management and general $13,825

  • 24e · All other expenses

    total $63,856 · program services $53,613 · management and general $10,243

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,875 · end of year $1,027,089

  • 4 · Accounts receivable

    beginning of year $4,712,343 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $930,563

  • 8 · Inventories for sale or use

    beginning of year $443,420

  • 9 · Prepaid expenses and deferred charges

    beginning of year $246,571 · end of year $39,606

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

    $395,405

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

    $82,655

  • 10c · Land, buildings and equipment, net

    beginning of year $5,693,377 · end of year $312,750

  • 12 · Investments: other securities

    beginning of year $8,600,535

  • 14 · Intangible assets

    beginning of year $1,353,200

  • 15 · Other assets

    beginning of year $58,218,212 · end of year $68,461

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,645,776 · end of year $2,947,816

  • 25 · Other liabilities

    beginning of year $61,783,295 · end of year $18,736,410

  • 27 · Net assets without donor restrictions

    beginning of year $12,987,025 · end of year -$20,236,320

Mission and programs · 2022

Mission

PROVIDE HEALTH CARE SERVICES

  • PROVIDE MEDICAL SERVICES AND HEALTH CARE AWARENESS TO THE COMMUNITY, INCLUDING GENERAL PUBLIC, INDIGENT, MEDICARE AND MEDICAID PATIENTS.

    Expenses $42,290,800 · Revenue $29,508,752

As filed on the 2022 return.

Listed in Part VII

  • Charles Alderman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Judy Doorenbos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cathy Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donnie Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Malloy MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Walt Willis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frederick Duggan MD

    PHYSICIAN

    Total calculated
    $694,864
    From this org
    $393,960
    From related orgs
    $257,655
    Other
    $43,249
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $393,960 + $251,629 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $4,526 related
    Deferred
    $18,000
    Nontaxable benefits
    $18,050 + $7,199 related
    Filer's total
    $430,010 + $264,854 related

  • D Larkin Kennedy

    CEO - OCHSNER RUSH HEALTH

    Total calculated
    $523,066
    From this org
    $0
    From related orgs
    $500,466
    Other
    $22,600
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $446,426 related
    Bonus
    $0 + $39,988 related
    Other
    $0 + $14,052 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,600 related
    Filer's total
    $0 + $523,066 related

  • J Allen Tyra

    CEO - OCHSNER RUSH MEDICAL CENTER

    Total calculated
    $315,310
    From this org
    $0
    From related orgs
    $294,437
    Other
    $20,873
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,488 related
    Bonus
    $0 + $18,365 related
    Other
    $0 + $2,584 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,873 related
    Filer's total
    $0 + $315,310 related

  • David Butler

    CFO - OCHSNER RUSH HEALTH

    Total calculated
    $298,265
    From this org
    $0
    From related orgs
    $280,801
    Other
    $17,464
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,748 related
    Bonus
    $0 + $16,875 related
    Other
    $0 + $2,178 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,464 related
    Filer's total
    $0 + $298,265 related

  • Darrell Wildman

    TREASURER

    Total calculated
    $305,410
    From this org
    $0
    From related orgs
    $254,032
    Other
    $51,378
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,032 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $43,000 related
    Nontaxable benefits
    $0 + $8,378 related
    Filer's total
    $0 + $305,410 related

  • P Lance Brent

    DIRECTOR - CLINIC OPERATIONS

    Total calculated
    $188,188
    From this org
    $0
    From related orgs
    $156,091
    Other
    $32,097
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,673 related
    Bonus
    $0
    Other
    $0 + $418 related
    Deferred
    $0 + $9,800 related
    Nontaxable benefits
    $0 + $22,297 related
    Filer's total
    $0 + $188,188 related

  • J Richard Barry

    SECRETARY

    Total calculated
    $19,489
    From this org
    $0
    From related orgs
    $9,000
    Other
    $10,489
    Hours/week
    1 + 10 related

  • Lane Rush MD

    PHYSICIAN

    Total calculated
    $1,073,920
    From this org
    $641,921
    From related orgs
    $394,108
    Other
    $37,891
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $641,921 + $392,468 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $140 related
    Deferred
    $11,958
    Nontaxable benefits
    $18,050 + $7,882 related
    Filer's total
    $671,929 + $401,990 related

  • Byron Tuckermd

    PHYSICIAN

    Total calculated
    $1,058,336
    From this org
    $639,092
    From related orgs
    $371,994
    Other
    $47,250
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $639,092 + $357,733 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $12,761 related
    Deferred
    $14,875
    Nontaxable benefits
    $18,050 + $14,325 related
    Filer's total
    $672,017 + $386,319 related

  • Edward Smith MD

    PHYSICIAN

    Total calculated
    $1,027,972
    From this org
    $629,708
    From related orgs
    $361,535
    Other
    $36,729
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $629,708 + $329,756 related
    Bonus
    $0 + $18,297 related
    Other
    $0 + $13,482 related
    Deferred
    $11,940
    Nontaxable benefits
    $18,050 + $6,738 related
    Filer's total
    $659,698 + $368,273 related

  • Urelaine Simon-Hart MD

    PHYSICIAN

    Total calculated
    $987,758
    From this org
    $628,101
    From related orgs
    $317,418
    Other
    $42,239
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $628,101 + $315,661 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $257 related
    Deferred
    $14,826
    Nontaxable benefits
    $18,050 + $9,363 related
    Filer's total
    $660,977 + $326,781 related

  • Leslie B Gray MD

    PHYSICIAN

    Total calculated
    $941,366
    From this org
    $566,574
    From related orgs
    $333,488
    Other
    $41,304
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $566,574 + $306,374 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $25,614 related
    Deferred
    $14,588
    Nontaxable benefits
    $18,050 + $8,666 related
    Filer's total
    $599,212 + $342,154 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

  • 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 1 LINES 4A-B
SELECT SENIOR EXECUTIVES AND FORMER EXECUTIVES ARE PROVIDED A LIFE INSURANCE POLICY, WITH PROCEEDS TO BE PAID TO THEIR DESIGNATED BENEFICIARIES. PREMIUMS ARE PAID BY THE ORGANIZATION, AND A LOAN WHOSE BALANCE INCLUDES PREMIUMS AND IMPUTED INTEREST IS MAINTAINED SUCH THAT THE ORGANIZATION WILL RECOVER THE PREMIUMS. TAXATION IS DETERMINED BY THE "LOAN REGIME" UNDER THE FINAL SPLIT DOLLAR REGULATIONS. FOLLOWING IS A LIST OF PARTICIPANTS AND ANY DISTRIBUTIONS MADE IN 2022: DARRELL WILDMAN - NO DISTRIBUTION; DONALD SMITH NO DISTRIBUTION

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.

Disregarded entities

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

  • PHYSICIAN SERVICES LLC

    PAYROLL ADMINISTRATION · MS · income $0 · assets $0

    Directly controlled by MEDICAL FOUNDATION INC

Related partnerships

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

  • IMPACT TALENT SOLUTIONS I LLC (BEG 082022)

    RELATED · STAFFING SERVICES · DE

    Directly controlled by OCHSNER HOLDCO CORPORATION

  • MERIDIAN SURGERY CENTER LLC

    RELATED · AMBULATORY SURGERY CENTER · MS

    Directly controlled by RUSH MEDICAL FOUNDATION OCHSNER RUSH MEDICAL CENTER

  • MTS-LGH THERAPY SERVICES LLC MCLEOD-TRAHAN-SHEFFIELD PHYSICAL THERAPY SER

    RELATED · PHYSICAL THERAPY · LA

    Directly controlled by LAFAYETTE GENERAL HEALTH SYSTEM INC OCHSNER LAFAYETTE GENERAL

  • OCHSNER KIDNEY CARE LLC

    RELATED · RENAL DIALYSIS CENTERS · LA

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • OIL CENTER SURGICAL PLAZA LLC

    RELATED · SURGERY CENTER · LA

    Directly controlled by LAFAYETTE GENERAL MEDICAL CENTER INC OCHSNER LAFAYETTE GENERAL MEDICAL C

Related corporations and trusts

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

  • COMMUNITY MEDICAL GROUP-ST CHARLES INC

    C · CLINICAL SERVICES · LA

    Directly controlled by SATYR CLINICAL SERVICES INC

  • DEUTERON REALTY

    C · NOMINEE REAL ESTATE CORPORATION · LA

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • HYDRA CLINICAL SERVICES INC

    C · MEDICAL SERVICES-INDIGENT CARE · LA

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • LG INDEMNITY COMPANY LTD

    C · CAPTIVE INSURANCE · CJ

    Directly controlled by LAFAYETTE GENERAL HEALTH SYSTEM INC OCHSNER LAFAYETTE GENERAL

  • MANAGED HEALTH CARE INC

    C · MANAGED HEALTHCARE · MS

    Directly controlled by RUSH HEALTH SYSTEMS INC OCHSNER RUSH HEALTH

  • MILLENNIUM HEALTHCARE MANAGEMENT INC

    C · MEDICAL SERVICES · LA

    Directly controlled by OCHSNER URGENT CARE 1 LLC

  • OCHSNER DIVERSIFIED BUSINESS CORPORATION

    C · MEDICAL SUPPLIES MANUFACTURING · DE

    Directly controlled by OCHSNER HOLDCO CORPORATION

  • OCHSNER HEALTH PLAN INC

    C · INSURANCE-HEALTH MAINTENANCE ORGANIZATION · LA

    Directly controlled by OHPI LLC

  • OCHSNER HOLDCO CORPORATION

    C · HOLDING COMPANY · DE

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • OCHSNER LWHA CORPORATION

    C · MEDICAL SERVICES-WOMENS · DE

    Directly controlled by OCHSNER HOLDCO CORPORATION

  • PEAVEY INVESTMENT COMPANY INC

    C · PROPERTY RENTAL · MS

    Directly controlled by RUSH SERVICE COMPANY INC

  • PHYSICIAN MANAGEMENT SERVICES INC

    C · HEALTHCARE MANAGEMENT · MS

    Directly controlled by PHYSICIAN SERVICES LLC

  • RURAL HEALTHCARE MANAGEMENT INC

    C · HEALTHCARE MANAGEMENT · MS

    Directly controlled by RUSH SERVICE COMPANY INC

  • RUSH SERVICE COMPANY INC

    C · PROPERTY RENTAL · MS

    Directly controlled by RUSH HEALTH SYSTEMS INC OCHSNER RUSH HEALTH

  • SATYR CLINICAL SERVICES INC

    C · MEDICAL SERVICES-INDIGENT CARE · LA

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • THE MEDICAL STORE INC

    C · DURABLE MEDICAL EQUIPMENT SALES · MS

    Directly controlled by RUSH HEALTH SYSTEMS INC OCHSNER RUSH HEALTH

  • THE MERIDIAN ANESTHESIOLOGY GROUP INC

    C · ANESTHESIOLOGY SERVICES · MS

    Directly controlled by MEDICAL FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202400469349301735

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