Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $212,430

• 1d · Related organizations

  $1,000,000

• 1e · Government grants (contributions)

  $504,093

• 1f · All other contributions, gifts and grants

  $2,804,735

• 1g · Noncash contributions included above

  $35,135

• 2a · Program service revenue: TUITION & FEES

  total $23,907,974 · related or exempt $23,907,974

• 2b · Program service revenue: MISCELLANEOUS REVENUE

  total $112,284 · related or exempt $112,284

• 2c · Program service revenue: LIBRARY REVENUE

  total $50,000 · related or exempt $50,000

• 2d · Program service revenue: RETAIL SALES REVENUE

  total $17,616 · related or exempt $17,616

• 2e · Program service revenue: COMMUNITY TRAINING REVENUE

  total $15,855 · related or exempt $15,855

• 2f · All other program service revenue

  total $907 · related or exempt $907

• 3 · Investment income

  total $846,337 · excluded $846,337

• 8a · Fundraising events: gross income

  $50,535

• 8a · Fundraising events: contributions included on line 1c

  $212,430

• 8b · Fundraising events: direct expenses

  $83,826

• 8c · Net income from fundraising events

  total -$33,291 · excluded -$33,291

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,238 · program services $12,238

• 2 · Grants to domestic individuals

  total $1,930,209 · program services $1,930,209

• 5 · Compensation of officers, directors and key employees

  total $961,594 · program services $849,432 · management and general $112,162

• 7 · Other salaries and wages

  total $13,342,096 · program services $11,358,971 · management and general $1,499,880 · fundraising $483,245

• 8 · Pension plan contributions

  total $976,028 · program services $833,054 · management and general $110,000 · fundraising $32,974

• 9 · Other employee benefits

  total $1,352,032 · program services $1,153,979 · management and general $152,375 · fundraising $45,678

• 10 · Payroll taxes

  total $1,006,481 · program services $859,046 · management and general $113,431 · fundraising $34,004

• 11b · Fees: legal

  total $35,452 · program services $730 · management and general $34,722

• 11c · Fees: accounting

  total $46,920 · program services $966 · management and general $45,954

• 11g · Fees: other

  total $1,782,160 · program services $992,718 · management and general $730,745 · fundraising $58,697

• 12 · Advertising and promotion

  total $484,934 · program services $270,123 · management and general $198,839 · fundraising $15,972

• 13 · Office expenses

  total $3,030,484 · program services $1,884,122 · management and general $1,035,165 · fundraising $111,197

• 14 · Information technology

  total $64,382 · program services $35,863 · management and general $26,399 · fundraising $2,120

• 16 · Occupancy

  total $777,558 · program services $433,124 · management and general $318,825 · fundraising $25,609

• 17 · Travel

  total $205,590 · program services $114,520 · management and general $84,299 · fundraising $6,771

• 19 · Conferences, conventions and meetings

  total $37,657 · program services $20,976 · management and general $15,441 · fundraising $1,240

• 20 · Interest

  total $786,050 · program services $334 · management and general $785,696 · fundraising $20

• 22 · Depreciation, depletion and amortization

  total $1,574,697 · program services $1,341,164 · management and general $233,373 · fundraising $160

• 23 · Insurance

  total $250,118 · program services $31,062 · management and general $218,829 · fundraising $227

• 24a · Other expenses: OTHER EXPENSE

  total $1,380,902 · program services $768,275 · management and general $567,203 · fundraising $45,424

• 24b · Other expenses: MEDICAL SUPPLIES

  total $372,982 · program services $281,669 · management and general $75,116 · fundraising $16,197

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $59,097 · program services $45,836 · management and general $10,908 · fundraising $2,353

• 24d · Other expenses: AMORTIZATION EXPENSE

  total $33,936 · program services $33,936

• 24e · All other expenses

  total $9,622 · program services $7,463 · management and general $1,776 · fundraising $383

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $22,922,664 · end of year $14,657,808

• 4 · Accounts receivable

  beginning of year $3,112,599 · end of year $1,814,298

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $37,721

• 9 · Prepaid expenses and deferred charges

  beginning of year $233,727 · end of year $306,876

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

  $41,265,477

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

  $9,801,443

• 10c · Land, buildings and equipment, net

  beginning of year $31,360,922 · end of year $31,464,034

• 14 · Intangible assets

  beginning of year $47,221 · end of year $45,516

• 15 · Other assets

  beginning of year $11,792,038 · end of year $13,225,002

• 17 · Accounts payable and accrued expenses

  beginning of year $3,290,783 · end of year $1,288,345

• 19 · Deferred revenue

  beginning of year $2,035,651 · end of year $1,925,790

• 25 · Other liabilities

  beginning of year $29,632,451 · end of year $20,466,716

• 27 · Net assets without donor restrictions

  beginning of year $22,503,562 · end of year $23,435,922

• 28 · Net assets with donor restrictions

  beginning of year $12,006,724 · end of year $14,434,482

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION DOES PROVIDE A SOCIAL CLUB MEMBERSHIP FOR DR. HOLLAND. THE SOCIAL CLUB MEMBERSHIP IS USED TO MEET WITH POTENTIAL DONORS AND TO CONDUCT OTHER ORGANIZATION ACTIVITIES. THE MEMBERSHIP IS USED SOLEY FOR THE ORGANIZATION'S BUSINESS PURPOSE. AS SUCH, THE AMOUNTS WERE NOT INCLUDED IN THE EMPLOYEE'S COMPENSATION BECAUSE THE USE WAS STRICTLY FOR BUSINESS PURPOSES.

PART 1, QUESTION 4A:

A FORMER OFFICER WAS ENTITLED TO A SEVERANCE BENEFIT FROM A RELATED ORGANIZATION. THE PAYOUT OF SUCH BENEFIT IS REMOTE AS IT IS EFFECTIVE ONLY FOR A TERMINATION OF EMPLOYMENT WITHOUT CAUSE, FOR GOOD REASON OR DUE TO CHANGE OF CONTROL. IF TRIGGERED, THE EMPLOYEE WOULD BE PAID HIS/HER BASE SALARY AND PROVIDED RETIREMENT AND WELFARE BENEFITS FOR AN ENTITLEMENT PERIOD. THE ENTITLEMENT PERIOD IS 24 MONTHS. KENNETH WESTER RECEIVED A PAYMENT OF $703,310 UNDER THE PLAN IN THE CURRENT YEAR. A BOARD MEMBER IS ENTITLED TO A SEVERANCE BENEFIT. THE PAYOUT OF SUCH BENEFIT IS REMOTE AS IT IS EFFECTIVE ONLY FOR A TERMINATION OF EMPLOYMENT WITHOUT CAUSE, FOR GOOD REASON OR DUE TO CHANGE OF CONTROL. IF TRIGGERED, THE EMPLOYEE WOULD BE PAID HIS/HER BASE SALARY AND PROVIDED RETIREMENT AND WELFARE BENEFITS FOR AN ENTITLEMENT PERIOD. THE ENTITLEMENT PERIOD IS 12 MONTHS. NO PAYMENTS WERE MADE UNDER THE PLAN IN THE CURRENT YEAR. REBECCA CANNON, LISTED ON PART VII, RECEIVED A SEVERANCE PAYMENT OF $33,506 IN THE CURRENT YEAR.

PART 1, QUESTION 4B:

FMOLHS MAINTAINS TWO UNFUNDED DEFERRED COMPENSATION PLANS WHICH MEET THE REQUIREMENTS OF IRC SECTION 457(F) AND IRC SECTION 409A. THE PLANS PROVIDES FOR COMPENSATION TO BE DEFERRED AND PAID UPON THE OCCURRENCE OF CERTAIN EVENTS SUCH AS TERMINATION WITHOUT CAUSE, DISABILITY, DEATH OR ATTAINMENT OF A SPECIFIC PAYMENT DATE. PARTICIPATION IN THE PLANS IS LIMITED TO CERTAIN EXECUTIVES AND IS SUBJECT TO APPROVAL OF FMOLHS BOARD OF DIRECTORS OR A DESIGNATED COMMITTEE OF SUCH BOARD.

Related partnerships

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

• LOURDES IMAGING DEVELOPMENT LLC

  N/A · REAL ESTATE · LA

• PARK PLACE SURGERY CENTER LLC

  N/A · HEALTHCARE · LA

• CONVENIENT CARE LLC

  N/A · HEALTHCARE · LA

• PERKINS PLAZA AMBULATORY SURGERY CENTER LLC

  N/A · HEALTHCARE · LA

• SURGICAL SPECIALTY CENTER OF BATON ROUGE LLC

  N/A · HEALTHCARE · LA

• ST ELIZABETH-MARY BIRD PERKINS CANCER CENTER LLC

  N/A · HEALTHCARE · LA

• NORTHEAST LA CANCER INSTITUTE LLC

  N/A · HEALTHCARE · LA

• LHCG-XIII LLC DBA LOURDES HOME HEALTH

  N/A · HEALTHCARE · LA

• LOURDES AFTER HOURS LLC

  N/A · HEALTHCARE · LA

• LAKE URGENT CARE ASCENSION LLC

  N/A · HEALTHCARE · LA

• ST FRANCIS URGENT CARE LLC

  N/A · HEALTHCARE · LA

• GAMMA KNIFE OF LOUISIANA LLC

  N/A · HEALTHCARE · LA

• PINNACLE CARE HOLDINGS LLC

  N/A · HEALTHCARE · LA

• LAFAYETTE SURGERY CENTER LIMITED PARTNERSHIP

  N/A · HEALTHCARE · LA

• FREMAUX OFFICE MM LLC

  N/A · HEALTHCARE · LA

• OLOL PONTCHARTRAIN SURGERY CENTER LLC

  N/A · HEALTHCARE · LA

• LAKE SURGICAL HOSPITAL (SLIDELL) LLC

  N/A · HEALTHCARE · LA

• PREMIER HEALTH HOLDINGS LLC

  N/A · HEALTHCARE · LA

• PERKINS PLAZA DEVELOPMENT LLC

  N/A · HEALTHCARE · LA

• JACKSON HEART & VASCULAR CENTER LLC

  N/A · HEALTHCARE · MS

• CARDIOVASCULAR AND ARRYTHMIA CENTER LLC (CVAC)

  N/A · HEALTHCARE · LA

• CARDIOVASCULAR AND ARRYTHMIA MANAGEMENT LLC (CVAM)

  N/A · HEALTHCARE · LA

• TRACTION INVESTMENTS INC (TRACTION SPORTS MANAGEMENT)

  N/A · HEALTHCARE · LA

Related corporations and trusts

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

• LOUISE INSURANCE COMPANY

  C · INSURANCE · CJ

• FRANCISICAN HEALTH & WELLNESS SERVICES I

  C · HEALTHCARE · LA

• FMOL HEALTH SYSTEM HOLDINGS INC

  C · INVESTMENT · LA

• ST DOMINIC MADISON HEALTH SERVICES INC

  C · HEALTHCARE · MS

• ST DOMINIC INTEGRATED SERVICES INC

  C · INVESTMENTS · MS

• LAFAYETTE SURGICARE INC

  C · HEALTHCARE · LA

• NMC OPERATING COMPANY LLC DBA SPINE HOSPITAL OF LOUISIANA

  S · HEALTHCARE · LA