Skip to content
Nonprofiteer
← THIBODAUX REGIONAL HEALTH SYSTEM INC

Form 990 for tax year 2022

Filed by THIBODAUX REGIONAL HEALTH SYSTEM INC.

Totals

Total revenue
$323,092,717
Total expenses
$288,687,724
Contributions and grants received
$31,532,919
Grants paid
$0
Program service revenue
$280,666,027
Investment income
$2,526,143
Other revenue
$8,367,628
Total assets, end of year
$511,252,829
Total liabilities, end of year
$338,668,340
Net assets or fund balances, end of year
$172,584,489
Program services expenses (Part IX)
$217,189,240
Management and general expenses
$71,498,484
Fundraising expenses
$0
Program service expenses (Part III)
$217,189,240

Program services were 75.2% 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.

  • 1f · All other contributions, gifts and grants

    $31,532,919

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $280,666,027 · related or exempt $280,666,027

  • 3 · Investment income

    total $2,526,143 · excluded $2,526,143

  • 6a · Gross rents

    real property $1,642,590

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,642,590

  • 6d · Net rental income or loss

    total $1,642,590 · related or exempt $1,642,590

  • 8a · Fundraising events: gross income

    $79,937

  • 8b · Fundraising events: direct expenses

    $214,752

  • 8c · Net income from fundraising events

    total -$134,815 · excluded -$134,815

  • 11a · Other revenue: FITNESS CENTER REVENUE

    total $3,262,723 · unrelated business $3,097,546 · excluded $165,177

  • 11b · Other revenue: CAFETERIA AND VENDING

    total $1,213,812 · excluded $1,213,812

  • 11c · Other revenue: OTHER REVENUE

    total $1,079,341 · related or exempt $697,873 · unrelated business $381,468

  • 11d · All other revenue

    total $1,303,977 · related or exempt $905,528 · excluded $398,449

  • 11e · Other revenue, total

    $6,859,853

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,200,598 · management and general $1,200,598

  • 7 · Other salaries and wages

    total $99,728,205 · program services $81,868,128 · management and general $17,860,077

  • 8 · Pension plan contributions

    total $2,527,679 · program services $2,047,420 · management and general $480,259

  • 9 · Other employee benefits

    total $11,761,347 · program services $9,476,044 · management and general $2,285,303

  • 10 · Payroll taxes

    total $5,955,659 · program services $5,023,658 · management and general $932,001

  • 12 · Advertising and promotion

    total $5,234,296 · program services $37,956 · management and general $5,196,340

  • 13 · Office expenses

    total $6,109,616 · program services $415,736 · management and general $5,693,880

  • 16 · Occupancy

    total $4,937,521 · program services $2,157,849 · management and general $2,779,672

  • 17 · Travel

    total $244,091 · program services $207,248 · management and general $36,843

  • 19 · Conferences, conventions and meetings

    total $17,477 · program services $6,919 · management and general $10,558

  • 20 · Interest

    total $13,463,177 · management and general $13,463,177

  • 22 · Depreciation, depletion and amortization

    total $16,774,421 · program services $12,245,327 · management and general $4,529,094

  • 23 · Insurance

    total $1,635,551 · management and general $1,635,551

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $65,564,967 · program services $65,564,967

  • 24b · Other expenses: PURCHASED SERVICES

    total $30,427,028 · program services $22,532,175 · management and general $7,894,853

  • 24c · Other expenses: BAD DEBTS

    total $11,375,977 · program services $11,375,977

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $8,022,357 · program services $4,229,836 · management and general $3,792,521

  • 24e · All other expenses

    total $3,707,757 · management and general $3,707,757

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,343,551 · end of year $30,781,056

  • 2 · Savings and temporary cash investments

    beginning of year $2,168,366 · end of year $2,202,585

  • 4 · Accounts receivable

    beginning of year $28,643,884 · end of year $27,484,625

  • 8 · Inventories for sale or use

    beginning of year $4,119,908 · end of year $4,022,074

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,640,131 · end of year $112,058,653

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

    $106,446,383

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

    $68,795,061

  • 10c · Land, buildings and equipment, net

    beginning of year $39,261,267 · end of year $37,651,322

  • 12 · Investments: other securities

    beginning of year $106,006,963 · end of year $107,942,354

  • 14 · Intangible assets

    beginning of year $5,426,410 · end of year $4,823,475

  • 15 · Other assets

    beginning of year $206,446,376 · end of year $184,286,685

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,433,919 · end of year $18,680,626

  • 25 · Other liabilities

    beginning of year $352,817,066 · end of year $319,987,714

  • 27 · Net assets without donor restrictions

    beginning of year $140,805,871 · end of year $172,584,489

Mission and programs · 2022

Mission

THE MISSION OF THE HOSPITAL IS TO PROVIDE THE HIGHEST QUALITY, MOST COST-EFFECTIVE HEALTHCARE SERVICES POSSIBLE TO THE PEOPLE OF THIBODAUX AND SURROUNDING AREAS. THE HOSPITAL, IN RECOGNITION OF ITS MISSION, STRIVES TO ACHIEVE ITS VISION TO BE THE REGIONAL MEDICAL CENTER OF CHOICE FOR SELECTED HEALTHCARE SERVICES IN SOUTHEAST LOUISIANA THROUGH A COMMITMENT TO QUALITY IMPROVEMENT, BY PARTNERING WITH OTHER HEALTHCARE PROVIDERS, AND BY REMAINING FINANCIALLY VIABLE IN A COMPETITIVE ENVIRONMENT. TO ACHIEVE OUR VISION, WE PROMOTE THE FOLLOWING VALUES: RESPECT, INTEGRITY, INNOVATION, EXCELLENCE, ACCOUNTABILITY, AND PASSION.

Activities or mission (Part I)

OPERATION OF THIBODAUX REGIONAL MEDICAL CENTER (THE HOSPITAL). THE MISSION OF THE HOSPITAL IS TO PROVIDE THE HIGHEST QUALITY, MOST COST-EFFECTIVE HEALTHCARE SERVICES POSSIBLE TO THE PEOPLE OF THIBODAUX AND SURROUNDING AREAS.

  • THE MISSION OF THE HOSPITAL IS TO PROVIDE THE HIGHEST QUALITY, MOST COST-EFFECTIVE HEALTHCARE SERVICES POSSIBLE TO THE PEOPLE OF THIBODAUX AND SURROUNDING AREAS. THE HOSPITAL, IN RECOGNITION OF ITS MISSION, STRIVES TO ACHIEVE ITS VISION TO BE THE REGIONAL MEDICAL CENTER OF CHOICE FOR SELECTED HEALTHCARE SERVICES IN SOUTHEAST LOUISIANA THROUGH A COMMITMENT TO QUALITY IMPROVEMENT, BY PARTNERING WITH OTHER HEALTHCARE PROVIDERS, AND BY REMAINING FINANCIALLY VIABLE IN A COMPETITIVE ENVIRONMENT. TO ACHIEVE OUR VISION, WE PROMOTE THE FOLLOWING VALUES: RESPECT, INTEGRITY, INNOVATION, EXCELLENCE, ACCOUNTABILITY, AND PASSION.THE MEDICAL CENTER IS LICENSED FOR 180 BEDS AND OPERATES 140 INPATIENT BEDS INCLUDING INPATIENT REHAB AND INPATIENT BEHAVIORAL HEALTH. THE AVAILABLE STAFFED BED COMPLEMENT IS AS FOLLOWS:MEDICAL/SURGICAL 79LDRP/ANTE PARTAL 16INTENSIVE CARE 16STEPDOWN 10REHABILITATION 14BEHAVIORAL HEALTH 16THE MEDICAL CENTER HAS APPROXIMATELY 281 PHYSICIANS ON STAFF. THIS INCLUDES 112 ACTIVE STAFF PHYSICIANS, 11 ASSOCIATE STAFF PHYSICIANS, 38 COURTESY STAFF PHYSICIANS, 18 EMERGENCY DEPARTMENT PHYSICIANS, 17 CONSULTING STAFF PHYSICIANS, 7 COMMUNITY STAFF PHYSICIANS, 77 TELEMEDICINE PHYSICIANS, AND 1 HOUSE STAFF PHYSICIAN. THE MEDICAL STAFF SUPPORT SERVICES PROVIDED AT THE MAIN HOSPITAL, CANCER CENTER, MEDICAL OFFICE BUILDING, MEDICAL PLAZA AND WELLNESS CENTER AS APPROPRIATE TO THE SERVICES PROVIDED IN THOSE LOCATIONS.ALL SERVICES ARE PLANNED AND DESIGNED ON THE PATIENT POPULATION THE HOSPITAL SERVES, THE HOSPITAL'S MISSION AND VISION STATEMENT, KEY REQUIREMENTS OF OUR PATIENTS AND THEIR FAMILY MEMBERS, AND KEY REQUIREMENTS OF OTHER MAJOR STAKEHOLDERS. THE PROCESS OF PLANNING A SERVICE IS A COLLABORATIVE EFFORT. HOSPITAL STAFF THAT ARE MOST KNOWLEDGEABLE ABOUT THE PARTICULAR SERVICE BEING PLANNED ARE INVOLVED IN THE PLANNING PROCESS AS WELL AS PHYSICIANS AND COMMUNITY LEADERS WHERE APPROPRIATE. IN ACCORDANCE WITH FEDERAL AND STATE REGULATIONS, PROFESSIONAL PRACTICE STANDARDS AND CODES, TRMC PROVIDES THE COMMUNITY WITH AN EXTENSIVE RANGE OF GENERAL AND SPECIALTY MEDICAL SERVICES.SIGNIFICANT HOSPITAL ACHIEVEMENTS & KEY STATISTICS FOR FISCAL YEAR ENDED 9/30/2023 INCLUDE:2023 - THE JOINT COMMISSION AND AMERICAN HEART ASSOCIATION CERTIFIED PRIMARY STROKE CENTERFIRST HOSPITAL IN REGION2023 - COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES GENERAL REHABILITATION AND STROKE SPECIALTY PROGRAM11TH CONSECUTIVE 3-YEAR ACCREDITATION2023 - LABORATORY ACCREDITATION BY THE COLLEGE OF AMERICAN PATHOLOGISTACCREDITATION MAINTAINED SINCE 19712023 - AMERICAN ASSOCIATION OF CARDIOVASCULAR AND PULMONARY REHABILITATION ACCREDITATION OF CARDIAC REHABILITATION PROGRAM2023 - DIABETES SELF-MANAGEMENT ACCREDITATION BY THE AMERICAN DIABETES ASSOCIATIONACCREDITED SINCE 19992023 - SLEEP CENTER ACCREDITATION BY THE AMERICAN ASSOCIATION OF SLEEP MEDICINE2023 - BLUE DISTINCTION CENTER+ FOR MATERNITY CARE2023 - BLUE DISTINCTION CENTER+ FOR KNEE AND HIP REPLACEMENT2023 - BIRTH READY DESIGNATION BY THE LOUISIANA DEPARTMENT OF HEALTH (LDH) AND THE LOUISIANA PERINATAL QUALITY COLLABORATIVE (LAPQC)2023 - INPATIENT REHABILITATION AND STROKE SPECIALTY PROGRAM RE- ACCREDITATION BY CARF (COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES)2023 - MEDICAL EXCELLENCE AWARD - #1 HOSPITAL IN LOUISIANA FOR CARDIAC CARE BY CARECHEX2023 - POV PEOPLE'S CHOICE FAVORITE HOSPITAL2023 - POV PEOPLE'S CHOICE FAVORITE GYM/HEALTH & FITNESS CLUB2023 - POV PEOPLE'S CHOICE FAVORITE URGENT CARE2023 - POV PEOPLE'S CHOICE FAVORITE PLACE TO WORK2023 - THE COURIER/DAILY COMET BAYOU'S BEST OF THE BEST -BEST HOSPITAL2023 - THE COURIER/DAILY COMET BAYOU'S BEST OF THE BEST - FITNESS CENTER/GYMTOTAL INPATIENT DAYS 26,444AVERAGE DAILY CENSUS 72.4INPATIENT ADMISSIONS 6,020AVERAGE LOS (ACUTE) 4.1OBSERVATION PATIENTS 2,959REHAB DAYS 2,882DELIVERIES 939OUTPATIENT VISITS 157,608E/R VISITS 37,242HOME HEALTH ADMISSIONS 1,172ADJUSTED PATIENT DAYS 112,442SURGERY CASES 10,366CARECHEX AWARDS - HIGHLIGHTS:TOP 10% OVERALL HOSPITAL CARE FOR THE STATE AND #1 IN THE MARKET FOR MEDICAL EXCELLENCETOP 10% IN OVERALL MEDICAL CARE FOR THE, NATION, REGION AND STATE AND #1 IN THE MARKET FOR PATIENT SAFETYHEALTHGRADES: 5-STAR RATING FOR PACEMAKER PROCEDURES, HIP FRACTURE TREATMENT, WHICH HAS HELD THIS DESIGNATION FOR 3 YEARS IN A ROW, AND CAROTID PROCEDURES, WHICH HAS HELD THIS DESIGNATION FOR 10 YEARS IN A ROW. BLUE CROSS BLUE SHIELD:BLUE DISTINCTION CENTER+ SPINE SURGERYBLUE DISTINCTION CENTER+ FOR HIP AND KNEE REPLACEMENTBLUE DISTINCTION CENTER + MATERNITYLOUISIANA PERINATAL QUALITY COLLABORATIVE BIRTH READY DESIGNATIONLOUISIANA DEPARTMENT OF HEALTH THE GIFT DESIGNATION

    Expenses $217,189,240 · Revenue $283,912,018

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

Listed in Part VII

  • Greg K Stock

    CEO AND BOARD SEC. - NONVO

    Total calculated
    $852,692
    From this org
    $814,430
    From related orgs
    $0
    Other
    $38,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $814,430
    Bonus
    $0
    Other
    $0
    Deferred
    $28,831
    Nontaxable benefits
    $9,431
    Filer's total
    $852,692

  • Jake Giardina

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Francis Richard

    BOARD VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dr Cleveland Hill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr David Elias

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Raja Talluri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Chris Rodrigue

    CHIEF OF STAFF - NON-VOTIN

    Total calculated
    $554,584
    From this org
    $534,421
    From related orgs
    $0
    Other
    $20,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $534,421
    Bonus
    $0
    Other
    $0
    Deferred
    $20,163
    Nontaxable benefits
    $0
    Filer's total
    $554,584

  • Theunette Antill

    CHIEF FINANCIAL OFFICER/ PART YEAR

    Total calculated
    $99,136
    From this org
    $89,644
    From related orgs
    $0
    Other
    $9,492
    Hours/week
    40

  • Stephen East

    CHIEF FINANCIAL OFFICER/ PART YEAR

    Total calculated
    $0
    Hours/week
    40

  • Blain Arthurs

    STAFF PHYSICIAN

    Total calculated
    $1,178,966
    From this org
    $1,135,445
    From related orgs
    $0
    Other
    $43,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,135,445
    Bonus
    $0
    Other
    $0
    Deferred
    $27,500
    Nontaxable benefits
    $16,021
    Filer's total
    $1,178,966

  • Carlos R Gimenez

    STAFF PHYSICIAN

    Total calculated
    $1,118,034
    From this org
    $1,080,603
    From related orgs
    $0
    Other
    $37,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,080,603
    Bonus
    $0
    Other
    $0
    Deferred
    $27,500
    Nontaxable benefits
    $9,931
    Filer's total
    $1,118,034

  • Scott Hebert

    STAFF PHYSICIAN

    Total calculated
    $1,385,953
    From this org
    $1,367,953
    From related orgs
    $0
    Other
    $18,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,367,953
    Bonus
    $0
    Other
    $0
    Deferred
    $18,000
    Nontaxable benefits
    $0
    Filer's total
    $1,385,953

  • Gregory Dobard

    STAFF PHYSICIAN

    Total calculated
    $1,080,465
    From this org
    $1,043,034
    From related orgs
    $0
    Other
    $37,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,043,034
    Bonus
    $0
    Other
    $0
    Deferred
    $27,500
    Nontaxable benefits
    $9,931
    Filer's total
    $1,080,465

  • Lindsay Lasseigne

    STAFF PHYSICIAN

    Total calculated
    $935,058
    From this org
    $918,702
    From related orgs
    $0
    Other
    $16,356
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $918,702
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,356
    Filer's total
    $935,058

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 · Written employment contract
  • 3 · Compensation survey or study
  • 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

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.

  • THIBODAUX REGIONAL PHYSICIAN PARTNERS LLC

    CIN · LA · income $0 · assets $0

    Directly controlled by TRHS

  • TRPP-ACO LLC

    ACO · LA · income $0 · assets $0

    Directly controlled by TRHS

  • THIBODAUX REGIONAL URGENT CARE LLC

    URGENT CARE · LA · income $0 · assets $0

    Directly controlled by TRHS

Related partnerships

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

  • TIC JV LLC

    RELATED · RENTAL · LA · 84.73% owned · share of income $377,237 · share of assets $3,393,288

    Directly controlled by TRHS

Related corporations and trusts

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

  • THIBODAUX REGIONAL NETWORK DEVELOPMENT CORPORATION

    C · HEALTHCARE AND BILLING · LA · 100% owned · share of income $38,003,896

    Directly controlled by THIBODAUX REGIONAL HEALTH SYTEM INC

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2024
IRS schema version
2022v5.0
Source object
202432259349300533

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

The source document this was parsed from is served over the API, which is where bulk and document access live.