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Nonprofiteer
← OCHSNER CLINIC FOUNDATION

Form 990 for tax year 2024

Filed by OCHSNER CLINIC FOUNDATION.

Totals

Total revenue
$6,038,885,387
Total expenses
$5,713,804,551
Contributions and grants received
$72,017,253
Grants paid
$8,271,730
Program services expenses (Part IX)
$4,601,537,247
Management and general expenses
$1,106,420,981
Fundraising expenses
$5,846,323
Program service expenses (Part III)
$4,601,537,247

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JUSTIN AUGUSTINE

    COMMUNITY DIRECTOR (BEG: 5/24)

    Total calculated
    $36,446
    From this org
    $36,446
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • KAREN B BLESSEY MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $409,412
    From this org
    $402,439
    From related orgs
    $0
    Other
    $6,973
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $343,267
    Bonus
    $49,207
    Other
    $9,965
    Deferred
    $6,800
    Nontaxable benefits
    $173
    Filer's total
    $409,412

  • CUONG Q BUI MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $2,168,674
    From this org
    $2,129,951
    From related orgs
    $0
    Other
    $38,723
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,991,922
    Bonus
    $45,000
    Other
    $93,029
    Deferred
    $6,800
    Nontaxable benefits
    $31,923
    Filer's total
    $2,168,674

  • TIFFANY L DAVIS MD

    BOARD MEMBER/SR PHYS (BEG: 4/24)

    Total calculated
    $389,916
    From this org
    $372,561
    From related orgs
    $0
    Other
    $17,355
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $321,746
    Bonus
    $42,780
    Other
    $8,035
    Deferred
    $6,801
    Nontaxable benefits
    $10,554
    Filer's total
    $389,916

  • BEN DOGA MD

    COMMUNITY DIRECTOR

    Total calculated
    $68,946
    From this org
    $68,946
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JOHN A EVANS

    COMMUNITY DIRECTOR

    Total calculated
    $50,091
    From this org
    $50,091
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SUSAN H GUNN MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $493,587
    From this org
    $456,841
    From related orgs
    $0
    Other
    $36,746
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $416,968
    Bonus
    $1,500
    Other
    $38,373
    Deferred
    $6,800
    Nontaxable benefits
    $29,946
    Filer's total
    $493,587

  • WILLIAM H HINES

    COMMUNITY DIRECTOR

    Total calculated
    $75,840
    From this org
    $75,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SUMA D JAIN MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $554,091
    From this org
    $545,534
    From related orgs
    $0
    Other
    $8,557
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $481,898
    Bonus
    $0
    Other
    $63,636
    Deferred
    $6,800
    Nontaxable benefits
    $1,757
    Filer's total
    $554,091

  • ALISHA M LACOUR MD

    BOARD MEMBER/RMD

    Total calculated
    $634,830
    From this org
    $627,695
    From related orgs
    $0
    Other
    $7,135
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $443,214
    Bonus
    $150,000
    Other
    $34,481
    Deferred
    $6,800
    Nontaxable benefits
    $335
    Filer's total
    $634,830

  • DENNIS LAUSCHA

    COMMUNITY DIRECTOR

    Total calculated
    $10,617
    From this org
    $10,617
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • R PARKER LECORGNE

    COMMUNITY DIRECTOR

    Total calculated
    $70,451
    From this org
    $70,451
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JAMES E MAURIN

    COMMUNITY DIRECTOR (END: 5/24)

    Total calculated
    $17,148
    From this org
    $17,148
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SUZANNE T MESTAYER

    PAST CHAIR/COMMUNITY DIRECTOR

    Total calculated
    $81,075
    From this org
    $81,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • BRIAN A MOORE MD

    BOARD MEMBER/RMD

    Total calculated
    $966,145
    From this org
    $928,072
    From related orgs
    $0
    Other
    $38,073
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $838,996
    Bonus
    $75,000
    Other
    $14,076
    Deferred
    $6,800
    Nontaxable benefits
    $31,273
    Filer's total
    $966,145

  • PETER C NOVEMBER

    CEO/BOARD MEMBER

    Total calculated
    $7,011,513
    From this org
    $6,112,385
    From related orgs
    $0
    Other
    $899,128
    Hours/week
    42 + 8 related

    Schedule J breakdown matched by us

    Base
    $2,082,283
    Bonus
    $3,910,000
    Other
    $120,102
    Deferred
    $866,860
    Nontaxable benefits
    $32,268
    Filer's total
    $7,011,513

  • JEFFERSON G PARKER

    COMMUNITY DIRECTOR

    Total calculated
    $22,682
    From this org
    $22,682
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • ROBERT J PATRICK

    COMMUNITY DIRECTOR

    Total calculated
    $18,930
    From this org
    $18,930
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JARED QUOYESER

    COMMUNITY DIRECTOR

    Total calculated
    $66,668
    From this org
    $66,668
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • TIMOTHY L RIDDELL MD

    BRD MBR/CEO-NS & MS GC (END: 4/24)

    Total calculated
    $1,080,416
    From this org
    $994,131
    From related orgs
    $0
    Other
    $86,285
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $683,476
    Bonus
    $250,000
    Other
    $60,655
    Deferred
    $71,800
    Nontaxable benefits
    $14,485
    Filer's total
    $1,080,416

  • VICTORIA A SMITH MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $450,415
    From this org
    $428,720
    From related orgs
    $0
    Other
    $21,695
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $343,401
    Bonus
    $60,724
    Other
    $24,595
    Deferred
    $6,800
    Nontaxable benefits
    $14,895
    Filer's total
    $450,415

  • WILLIAM D SUMRALL III MD

    BOARD MEMBER/SENIOR PHYSICIAN

    Total calculated
    $862,810
    From this org
    $826,497
    From related orgs
    $0
    Other
    $36,313
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $711,576
    Bonus
    $55,000
    Other
    $59,921
    Deferred
    $6,800
    Nontaxable benefits
    $29,513
    Filer's total
    $862,810

  • JOSE S SUQUET

    COMMUNITY DIRECTOR

    Total calculated
    $6,756
    From this org
    $6,756
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • H DAVID WILSON

    COMMUNITY DIRECTOR

    Total calculated
    $64,643
    From this org
    $64,643
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • ANDREW B WISDOM

    COMMUNITY DIRECTOR, BOARD CHAIR

    Total calculated
    $22,720
    From this org
    $22,720
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • ROBERT I HART MD

    CHIEF PHYS EXEC & PRES, OCH CLINIC

    Total calculated
    $4,411,566
    From this org
    $4,182,299
    From related orgs
    $0
    Other
    $229,267
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,312,705
    Bonus
    $2,200,000
    Other
    $669,594
    Deferred
    $205,550
    Nontaxable benefits
    $23,717
    Filer's total
    $4,411,566

  • MICHAEL F HULEFELD

    PRESIDENT & CHIEF OPERATING OFFICER

    Total calculated
    $4,206,022
    From this org
    $3,695,089
    From related orgs
    $0
    Other
    $510,933
    Hours/week
    44 + 6 related

    Schedule J breakdown matched by us

    Base
    $1,536,541
    Bonus
    $2,100,000
    Other
    $58,548
    Deferred
    $481,963
    Nontaxable benefits
    $28,970
    Filer's total
    $4,206,022

  • JAMES MOLLOY

    EVP-CFO AND TREASURER

    Total calculated
    $3,296,122
    From this org
    $2,583,583
    From related orgs
    $0
    Other
    $712,539
    Hours/week
    44 + 6 related

    Schedule J breakdown matched by us

    Base
    $1,286,261
    Bonus
    $1,148,750
    Other
    $148,572
    Deferred
    $680,404
    Nontaxable benefits
    $32,135
    Filer's total
    $3,296,122

  • SHELLEY S TYNAN

    SYS VP-LEGAL & GEN COUNSEL, SEC

    Total calculated
    $1,379,907
    From this org
    $1,219,217
    From related orgs
    $0
    Other
    $160,690
    Hours/week
    44 + 6 related

    Schedule J breakdown matched by us

    Base
    $780,634
    Bonus
    $385,000
    Other
    $53,583
    Deferred
    $126,800
    Nontaxable benefits
    $33,890
    Filer's total
    $1,379,907

  • MATTHEW BLOCK

    EVP-CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $884,704
    From this org
    $856,278
    From related orgs
    $0
    Other
    $28,426
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $803,215
    Bonus
    $0
    Other
    $53,063
    Deferred
    $0
    Nontaxable benefits
    $28,426
    Filer's total
    $884,704

  • CHARLES D DAIGLE

    CEO-BATON ROUGE & LAKE CHARLES

    Total calculated
    $1,233,740
    From this org
    $1,109,060
    From related orgs
    $0
    Other
    $124,680
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $720,917
    Bonus
    $326,151
    Other
    $61,992
    Deferred
    $95,907
    Nontaxable benefits
    $28,773
    Filer's total
    $1,233,740

  • BRADLEY R GOODSON

    CEO-OMC (END: 9/24)

    Total calculated
    $877,704
    From this org
    $849,965
    From related orgs
    $0
    Other
    $27,739
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $412,103
    Bonus
    $182,121
    Other
    $255,741
    Deferred
    $6,800
    Nontaxable benefits
    $20,939
    Filer's total
    $877,704

  • ABDUL M KHAN MD

    REG MED DIR, KEN/WB (BEG: 6/24)

    Total calculated
    $597,749
    From this org
    $562,696
    From related orgs
    $0
    Other
    $35,053
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $464,788
    Bonus
    $68,125
    Other
    $29,783
    Deferred
    $6,800
    Nontaxable benefits
    $28,253
    Filer's total
    $597,749

  • DAWN M PUENTE MD

    RMD, BAP/KEN/WB (END: 5/24)

    Total calculated
    $488,679
    From this org
    $474,894
    From related orgs
    $0
    Other
    $13,785
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $183,276
    Bonus
    $189,564
    Other
    $102,054
    Deferred
    $6,800
    Nontaxable benefits
    $6,985
    Filer's total
    $488,679

  • ALDO J RUSSO MD

    REG MED DIR, BR REG (END: 12/24)

    Total calculated
    $876,799
    From this org
    $837,082
    From related orgs
    $0
    Other
    $39,717
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $630,430
    Bonus
    $187,719
    Other
    $18,933
    Deferred
    $8,363
    Nontaxable benefits
    $31,354
    Filer's total
    $876,799

  • TRACEY T SCHIRO

    EVP-CHIEF PEOPLE & CULTURE OFFICER

    Total calculated
    $3,793,439
    From this org
    $3,385,647
    From related orgs
    $0
    Other
    $407,792
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,082,918
    Bonus
    $1,150,000
    Other
    $1,152,729
    Deferred
    $376,202
    Nontaxable benefits
    $31,590
    Filer's total
    $3,793,439

  • LEONARDO B SEOANE MD

    EVP-CHIEF ACADEMIC OFFICER

    Total calculated
    $1,877,643
    From this org
    $1,707,724
    From related orgs
    $0
    Other
    $169,919
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $858,553
    Bonus
    $625,000
    Other
    $224,171
    Deferred
    $138,050
    Nontaxable benefits
    $31,869
    Filer's total
    $1,877,643

  • BETH E WALKER

    CEO-OMC (BEG: 9/24)

    Total calculated
    $797,602
    From this org
    $733,963
    From related orgs
    $0
    Other
    $63,639
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $496,270
    Bonus
    $200,000
    Other
    $37,693
    Deferred
    $53,300
    Nontaxable benefits
    $10,339
    Filer's total
    $797,602

  • ROBERT WOLTERMAN

    CEO-SS REGION & CLINICAL JVS

    Total calculated
    $1,401,008
    From this org
    $1,280,561
    From related orgs
    $0
    Other
    $120,447
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $825,418
    Bonus
    $363,436
    Other
    $91,707
    Deferred
    $91,664
    Nontaxable benefits
    $28,783
    Filer's total
    $1,401,008

  • MOHAMAD A ALLAM MD

    PHYSICIAN

    Total calculated
    $3,233,982
    From this org
    $3,197,542
    From related orgs
    $0
    Other
    $36,440
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,269,948
    Bonus
    $1,500
    Other
    $1,926,094
    Deferred
    $6,800
    Nontaxable benefits
    $29,640
    Filer's total
    $3,233,982

  • DENISE S BASOW

    EVP-CHIEF DIGITAL HEALTH OFFICER

    Total calculated
    $1,855,371
    From this org
    $1,838,091
    From related orgs
    $0
    Other
    $17,280
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $869,335
    Bonus
    $825,000
    Other
    $143,756
    Deferred
    $6,800
    Nontaxable benefits
    $10,480
    Filer's total
    $1,855,371

  • GEORGE E LOSS JR MD PHD

    SYS VP-CHIEF CLNC TRANSF & STRAT OFF

    Total calculated
    $2,310,355
    From this org
    $1,821,402
    From related orgs
    $0
    Other
    $488,953
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,054,418
    Bonus
    $285,079
    Other
    $481,905
    Deferred
    $460,215
    Nontaxable benefits
    $28,738
    Filer's total
    $2,310,355

  • PATRICK E PARRINO MD

    SR PHYSICIAN-VICE CHAIR

    Total calculated
    $1,892,822
    From this org
    $1,857,249
    From related orgs
    $0
    Other
    $35,573
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,505,111
    Bonus
    $251,500
    Other
    $100,638
    Deferred
    $6,800
    Nontaxable benefits
    $28,773
    Filer's total
    $1,892,822

  • BENJAMIN B PEELER MD

    SR PHYSICIAN-SECTION HEAD

    Total calculated
    $6,760,012
    From this org
    $6,742,839
    From related orgs
    $0
    Other
    $17,173
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $2,681,762
    Bonus
    $1,500
    Other
    $4,059,577
    Deferred
    $6,800
    Nontaxable benefits
    $10,373
    Filer's total
    $6,760,012

  • SCOTT J POSECAI

    EXECUTIVE CONSULTANT

    Total calculated
    $1,224,180
    From this org
    $1,191,838
    From related orgs
    $0
    Other
    $32,342
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $250,338
    Bonus
    $700,000
    Other
    $241,500
    Deferred
    $6,800
    Nontaxable benefits
    $25,542
    Filer's total
    $1,224,180

  • J ERIC MCMILLEN

    FORMER KEY EMPLOYEE

    Total calculated
    $622,940
    From this org
    $622,934
    From related orgs
    $0
    Other
    $6
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $16,084
    Bonus
    $146,363
    Other
    $460,487
    Deferred
    $0
    Nontaxable benefits
    $6
    Filer's total
    $622,940

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FIRST-CLASS OR CHARTER TRAVEL: OCHSNER'S BUSINESS TRAVEL POLICY OCCASIONALLY ALLOWS EMPLOYEES TO FLY FIRST-CLASS, SUCH AS WHEN OTHER SEATING IS NOT AVAILABLE OR FOR TRANS-ATLANTIC FLIGHTS. OCHSNER'S CEO, MEMBERS OF THE BOARD, MEMBERS OF MANAGEMENT, AND FAMILY MEMBERS ALSO FLY ON CHARTER FLIGHTS. USE OF BUSINESS AIRCRAFT BY PERSONNEL OF OCHSNER CAN INCREASE PRODUCTIVITY, INCREASE FACE-TO-FACE BUSINESS CONTACT, FACILITATE TRAVEL TO LOCATIONS WITH INADEQUATE COMMERCIAL SERVICE, IMPROVE SECURITY, AS OCHSNER HAS EXPERIENCED SECURITY EVENTS THAT WARRANT CHARTER TRAVEL, AND FACILITATE OCHSNER'S ABILITY TO ALTER THE TRAVEL PLANS OF KEY EXECUTIVES, ON SHORT NOTICE, WHEN NECESSITATED BY BUSINESS EXIGENCIES. IN THE EVENT A FLIGHT IS USED FOR PERSONAL USE, OR A GUEST ATTENDS OTHER THAN FOR A BUSINESS PURPOSE, THESE FLIGHTS ARE INCLUDED IN TAXABLE WAGES. TRAVEL FOR COMPANIONS: OCHSNER HOSTS ITS BOARD OF DIRECTORS AND SENIOR MANAGEMENT AT A FEW DEVELOPMENTAL EVENTS. THE EVENTS PROVIDE THE DIRECTORS AND MANAGERS WITH INFORMATION AND TRAINING AS IT RELATES TO THEIR GOVERNANCE AT OCHSNER. AS THESE EVENTS ARE RELATIONSHIP-BUILDING EVENTS, THE ATTENDEES' SPOUSES ARE ENCOURAGED TO ATTEND. OCHSNER PROVIDED TRAVEL AND ACCOMMODATIONS FOR THE ATTENDING SPOUSES OF OFFICERS, KEY EMPLOYEES, AND BOARD MEMBERS. WITH SENIOR LEADERSHIP APPROVAL, OCCASIONALLY A FAMILY MEMBER TRAVELS WITH THE EMPLOYEE OR BOARD MEMBER FOR NON-BUSINESS REASONS, IN WHICH CASE THE COMPANION TRAVEL WOULD BE INCLUDABLE IN COMPENSATION OF THE EMPLOYEE OR BOARD MEMBER. TRAVEL FOR COMPANIONS WERE REPORTED AS TAXABLE COMPENSATION TO THE EMPLOYEES OR BOARD MEMBERS AND GROSSED UP. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: OCHSNER GROSSES UP NON-CASH COMPENSATION TO BOARD MEMBERS AND OFFICERS FOR THE FOLLOWING, SUBJECT TO EXECUTIVE DECISION: * SPOUSAL TRAVEL TO THE BOARD AND MANAGEMENT DEVELOPMENTAL RETREATS. SPOUSES ARE ENCOURAGED TO ATTEND THESE EVENTS TO FURTHER THE RELATIONSHIPS WITHIN THE BOARD MEMBERS AND EXECUTIVE TEAM. * PARTICIPANT AND COMPANION ENTERTAINMENT AT BOARD AND MANAGEMENT DEVELOPMENTAL RETREATS. * GIFTS TO THE BOARD MEMBERS AND EXECUTIVE TEAM. * SERVICE/EMPLOYEE ENGAGEMENT AWARD. * EVENT TICKETS. ALL OFFICERS, 9 BOARD MEMBERS, 6 KEY EMPLOYEES, AND 2 HIGHEST COMPENSATED EMPLOYEES RECEIVED GROSS-UP PAYMENTS IN 2024. DISCRETIONARY SPENDING ACCOUNT: MEMBERS OF EXECUTIVE TEAM MAY BE PROVIDED WITH AN AUTOMOBILE ALLOWANCE, WHICH IS INCLUDED IN TAXABLE INCOME. IN 2024, 10 EXECUTIVES RECEIVED THIS ALLOWANCE. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: 2 EXECUTIVES' OFFER LETTER INCLUDED A HOUSING ALLOWANCE, WHICH WAS SUBSEQUENTLY GROSSED-UP FOR TAX PURPOSES.
PART I, LINE 1B
CHARTER AIRCRAFT USE AND TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE SUBJECT TO EXECUTIVE APPROVAL.
PART I, LINES 4A-B
THE FOLLOWING SEVERANCE PAYMENTS WERE MADE IN 2024, PURSUANT TO THE TERMS OF A SEPARATION AGREEMENT: * BRADLEY GOODSON, CEO-OMC, IN THE AMOUNT OF $131,127 * ERIC MCMILLEN, CEO-OMC BATON ROUGE, IN THE AMOUNT OF $404,521 THE FOLLOWING PEOPLE PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WHICH IS PART OF THE TERMS AND CONDITIONS OF THEIR EMPLOYMENT CONTRACTS WITH OCHSNER CLINIC FOUNDATION AND IS BASED ON A TARGETED REPLACEMENT OF A SET PERCENTAGE OF THEIR SALARY AT AGE 65. THE SERP IS CLASSIFIED AS A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THIS BENEFIT IS FUNDED IN A TRUST ACCOUNT WITH HANCOCK WHITNEY BANK. FOLLOWING IS A LIST OF PARTICIPANTS, THEIR TITLE WITH THE SPONSORING ORGANIZATION, AND ANY DISTRIBUTIONS MADE IN 2024: * PETER C NOVEMBER, CHIEF EXECUTIVE OFFICER; NO DISTRIBUTION * MICHAEL F HULEFELD, PRESIDENT AND CHIEF OPERATING OFFICER; NO DISTRIBUTION * JAMES MOLLOY, EXECUTIVE VICE PRESIDENT, CFO, AND TREASURER; NO DISTRIBUTION * TRACEY T SCHIRO, EVP-CHIEF PEOPLE & CULTURE OFFICER; DISTRIBUTION OF $430,092 ROBERT I HART, M.D., CHIEF PHYSICIAN EXECUTIVE AND PRESIDENT, OCHSNER CLINIC, PARTICIPATES IN A NON-QUALIFIED SUPPLEMENTAL PLAN WHICH IS PART OF THE TERMS AND CONDITIONS OF HIS EMPLOYMENT CONTRACT WITH OCHSNER CLINIC FOUNDATION. THE RETIREMENT CALCULATION IS A DEFINED AMOUNT AS A PERCENT OF BASE PAY, CALCULATED ANNUALLY. THE BENEFIT IS FUNDED IN A TRUST ACCOUNT WITH HANCOCK WHITNEY BANK: * DR. HART RECEIVED A DISTRIBUTION IN 2024 OF $260,106 GEORGE E LOSS, JR, M.D., REGIONAL MEDICAL DIRECTOR, AND BENJAMIN B PEELER, M.D., SR PHYSICIAN-SECTION HEAD, EACH PARTICIPATE IN UNFUNDED DEFERRED COMPENSATION PLANS, ADOPTED IN 2016. THE PLANS ALLOW FOR DISCRETIONARY CONTRIBUTIONS, AS DETERMINED BY COMMITTEE, AND VESTING OCCURS ACCORDING TO A SCHEDULE, WHICH IS GENERALLY 5 YEARS OR LESS, AFTER THE DATE THE FUNDS ARE CONTRIBUTED UNDER THE PLAN. THE FUNDS ARE DISTRIBUTED IN THE SAME PERIOD AS THE VESTING EVENT OCCURS: * DR. LOSS RECEIVED A DISTRIBUTION IN 2024 OF $450,000 * DR. PEELER RECEIVED A DISTRIBUTION IN 2024 OF $4,057,331 MOHAMAD A ALLAM, PHYSICIAN, PARTICIPATES IN A 457(F) NON-QUALIFIED, UNFUNDED, DEFERRED COMPENSATION PLAN, WHICH WAS ADOPTED IN 2013. THE PLAN ALLOWS FOR ANNUAL FIXED EARNINGS BASED ON A PREDETERMINED ANNUAL AMOUNT AND SUBJECT TO A SPECIFIED VESTING SCHEDULE FOR EACH PARTICIPANT: * DR. ALLAM RECEIVED A DISTRIBUTION IN 2024 OF $1,900,000 THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) NON-QUALIFIED, UNFUNDED, DEFERRED COMPENSATION PLAN, WHICH WAS ESTABLISHED IN 2010. THE PLAN ALLOWS FOR DISCRETIONARY INITIAL CONTRIBUTIONS, VESTING BEGINS AT AGE 55. THE MOST RECENT THREE YEARS ARE SUBJECT TO FORFEITURE UNTIL THE ATTAINMENT OF AGE 65. ANNUAL FIXED CONTRIBUTIONS ARE INDIVIDUALLY BASED AND ARE TARGETED TO REPLACE THE BENEFIT THAT WOULD HAVE BEEN RECEIVED FROM THE FROZEN OCHSNER CLINIC FOUNDATION RETIREMENT PLAN HAD THE PLAN CONTINUED UNTIL THE PARTICIPANT ATTAINED AGE 65. THE CONTRIBUTION IS OFFSET BY ACTUAL RETIREMENT BENEFIT AND BENEFIT RECEIVED IN THE OCF 401(K) PLAN. FOLLOWING IS A LIST OF PARTICIPANTS AND ANY DISTRIBUTIONS MADE IN 2024: * GEORGE E LOSS, JR, MD, PHD; DISTRIBUTION OF $3,953 * DAWN M PUENTE, MD; DISTRIBUTION OF $27,396 * ALDO J RUSSO, MD; DISTRIBUTION OF $1,810 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:* CHARLES D DAIGLE; DISTRIBUTION OF $31,320 * BRADLEY R GOODSON; DISTRIBUTION OF $37,636 * J ERIC MCMILLEN; NO DISTRIBUTION * SCOTT J POSECAI, DISTRIBUTION OF $156,600 * DAWN M PUENTE, MD; DISTRIBUTION OF $23,609 * TIMOTHY L RIDDELL, MD; DISTRIBUTION OF $29,232 * TRACEY T SCHIRO; DISTRIBUTION OF $109,620 * LEONARDO B SEOANE, MD; DISTRIBUTION OF $77,799 * SHELLEY S TYNAN; DISTRIBUTION OF $26,883 * BETH E WALKER; DISTRIBUTION OF $31,059 * ROBERT WOLTERMAN; DISTRIBUTION OF $74,124
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. IN ADDITION, NON-FIXED PAYMENTS WERE MADE IN 2024. THE FOLLOWING WERE INCLUDED IN REPORTABLE COMPENSATION: SPOUSAL TRAVEL AND ENTERTAINMENT AT BOARD RETREATS AND GROSS-UP IN COMPENSATION RELATED TO IMPUTED INCOME. GIFTS AND AWARDS BETWEEN THE AMOUNT OF $100 AND $500 FOR BOARD MEMBERS AND EXECUTIVES AND THEIR SPOUSES.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
13 November 2025
IRS schema version
2024v5.2
Source object
202503189349314185

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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