Lafayette Health Ventures Inc
96% goes to programs Thin reserves Growing revenue
Lafayette Health Ventures Inc is a 501(c)(3) organization based in Lafayette, Louisiana, registered in 2014, with $63,153,979 in FY2024 revenue. CharityIndex grades it C, and it directs about 96% of spending to programs.
1211 Coolidge Street, Lafayette, LA, 70503 EIN 72-1006966 Since 2014
Revenue (FY2024)
$63.2M
▲ 14.7% vs prior year
Health median: $840K
Expenses (FY2024)
$117.6M
Net assets
-$220.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
C+Program efficiency40% of the rating96% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lafayette Health Ventures Inc: 96% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -86% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lafayette Health Ventures Inc: 0 mo reserves · -86% margin earns a F on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lafayette Health Ventures Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lafayette Health Ventures Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Operate businesses (physician practices) that return value in support of the mission of lafayette general medical center (lgmc). lgmc's mission is to provide medical care to restore, maintain & improve the health of the people in the community we serve, regardless of the patients' ability to pay.
What they do
The revenue from these services is $190,365,093. some these services were not fully compensated. these include medicaid/medicare contractuals with $73,380,371 of uncompensated services, other contractuals with $54,024,775 of uncompensated services and bad debts of $3,201,262. the net revenues of the services provided were $59,758,685.
Lhvi maintains a proactive approach to education and wellness in our community. annually, lhvi provides several educational seminars aimed at educating the public on preventative care and maintaining a healthy lifestyle. some of these activities include: volunteering for the zydeco marathon, held covid testing clinics (as well as flu), and helped staff the covid vaccine clinics.
Contact & location
- Address
- 1211 Coolidge Street, Lafayette, LA, 70503
- City
- Lafayette
- State
- Louisiana
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $29.2M (FY2013) to $63.2M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $263.5MNet assets -$220.8M
Operating margin
-86.1%
Spent more than it raised in the latest fiscal year.
Total assets
$42.7M
Total liabilities
$263.5M
Net assets
-$220.8M
Salaries & benefits
$93.8M
80% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $63,153,979▲14.7% | $117,556,548▲13.5% | -$220,807,521▼32.7% | $42,721,325▲122% | 990 |
| 2023 | $55,042,004▲23.0% | $103,547,349▲11.3% | -$166,404,952▼41.1% | $19,210,138▲17.0% | 990 |
| 2022 | $44,754,958▼8.0% | $93,005,461▲21.0% | -$117,899,607▼69.3% | $16,411,956▲12.1% | 990 |
| 2021 | $48,649,836▲296% | $76,856,160▲352% | -$69,649,104▼68.1% | $14,637,307▲45.9% | 990 |
| 2020 | $12,281,846▼66.9% | $17,009,929▼67.8% | -$41,442,780▼345% | $10,029,024▼37.5% | 990 |
| 2018 | $37,112,423▲22.4% | $52,767,742▲9.3% | -$9,322,803▼247% | $16,048,188▲71.5% | 990 |
| 2017 | $30,326,134▲2.2% | $48,277,630▼8.2% | $6,324,683▼15.0% | $9,356,449▼9.3% | 990 |
| 2016 | $29,680,809▲7.1% | $52,573,025▲4.5% | $7,440,955▼14.7% | $10,321,186▼11.9% | 990 |
| 2015 | $27,700,745▼23.7% | $50,325,819▲45.0% | $8,720,304▲6.2% | $11,709,479▲17.3% | 990 |
| 2014 | $36,301,017▲24.4% | $34,715,239▲25.6% | $8,212,806▲23.9% | $9,983,132▲19.5% | 990 |
| 2013 | $29,179,989 | $27,630,632▲11.4% | $6,627,028▲30.5% | $8,356,819▲28.0% | 990 |
| 2012 | — | $24,799,119 | $5,077,671 | $6,528,698 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Al J Patin | Former Board Member | 0 | — |
| Brian E Etier Jr | Former Highest Compensated | 0 | — |
| David L Callecod | Former Board Member | 0 | — |
| Edward Yerger | Former Highest Compensated | 0 | — |
| Kimberly H Dooley | Chief Administrative Officer/board Member - Non Vo | 1 | — |
| Michael Alexander Md | Board Member/employed Physician | 1 | — |
| Michael S Cain Md | Board Member/employed Physician | 1 | — |
| Mohamad A Allam | Former Highest Compensated | 0 | — |
| Patrick W Gandy | Board Member/chair | 1 | — |
| Paul Buzhardt | Former Highest Compensated | 0 | — |
| Roger Mattke | Board Member - Non Voting | 1 | — |
| Victor E Tedesco | Former Highest Compensated | 0 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| Hayes Locums LLC | Provider Services | $720,714 |
| Locumtenenscom LLC | Provider Services | $440,908 |
| Karen Bowen Roden Md | Physician Services | $220,023 |
| Delta Locum Tenens LLC | Provider Services | $197,482 |
| Anesthesia Business Consultants LLC | Anesthesia Services | $161,457 |
Grants received · $14.3M total
1 grant to Lafayette Health Ventures Inc totaling $14.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Lafayette General Health System Inc | Affiliate support | 2014 | $14,291,554 |
Grants made · $17K in FY2022
2 grants totaling $17K in FY2022. All grants made by Lafayette Health Ventures Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Miles Perret Center Cancer Services For Acadiana | Donation | $8,571 |
| American Cancer Society Inc | Donation | $8,571 |
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Frequently asked questions
- Is Lafayette Health Ventures Inc a legitimate nonprofit?
- Yes. Lafayette Health Ventures Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 72-1006966, based in Lafayette, Louisiana. Donations are tax-deductible.
- What is Lafayette Health Ventures Inc's EIN?
- Lafayette Health Ventures Inc's Employer Identification Number (EIN) is 72-1006966.
- How much revenue does Lafayette Health Ventures Inc report?
- Lafayette Health Ventures Inc reported $63,153,979 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lafayette Health Ventures Inc's spending goes to programs?
- Lafayette Health Ventures Inc spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lafayette Health Ventures Inc have?
- CharityIndex grades Lafayette Health Ventures Inc C, based on program efficiency and fundraising cost.
- How much does Lafayette Health Ventures Inc's highest-paid employee make?
- The highest reported compensation on Lafayette Health Ventures Inc's latest Form 990 is $0, paid to Al J Patin (Former Board Member).
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Data for Lafayette Health Ventures Inc (EIN 72-1006966) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.