Touro Infirmary EIN 72-0423659

Touro Infirmary

Not yet claimed Claim this org →

Provides comprehensive healthcare services, funds clinical research and trials, and supports medical education and community clinics to improve regional patient care. For fiscal year 2024 it reported $367.3M in revenue, $375.5M in expenses, and $222.0M in net assets.Pt I

Founded
1852
Type
Hospital · Hospitals
Location
New Orleans, LA
Website
www.touro.com
Filings
6 on file (2019–2024)
Revenue
$367.3MFY2024
Expenses
$375.5M
Net assets
$222.0M
People
39
Filings
6
Updates
0
More identity details & actions ⌄
EIN  72-0423659 Hospital New Orleans, LA Founded 1852
Form 990 (PDF)
Compare with another nonprofit →
Figures match the IRS filing checked 7/4/26 · see original: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Touro Infirmary claims this page.

Know this organization? Claim it to add your story

Size
$100M+
What they do
Provides comprehensive healthcare services, funds clinical research and trials, and supports medical education and community clinics to improve regional patient care.
Leadership
Greg Feirn · System President/CEO
Money in and out
$367.3M revenue, $375.5M expenses
Bottom line
-2% operating surplus
Financial scale & money flow · FY2024
Total revenue
$367.3M
Pt VIII · Ln 12
Total expenses
$375.5M
Pt IX · Ln 25
Net assets
$222.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$8.2M
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Operating surplus
-2%
revenue over expenses, this legal entity▲ +62% vs prior filing year
Payroll share
33%
of this entity's spending is salaries & benefits▼ -6% vs prior filing year
Program spending
80%
of expenses reach program services▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$367.3M
FY2024▲ +7%
Expenses
$375.5M
FY2024▲ +3%
Total assets
$383.8M
FY2024▼ -2%
Total liabilities
$161.8M
FY2024▲ +7%
Total revenue
$367.3M
Pt VIII · Ln 12
Total expenses
$375.5M
Pt IX · Ln 25
Net assets
$222.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$8.2M
Total assetsPt X · Ln 16$383.8M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $301.0M of program spending, described in the organization's own filed words · FY2024.
01

Founded in 1852, touro infirmary (touro) is new orleans' only community based, non-profit, faith-based hospital. Since 2009, touro has been a part of LCMC health. For more than 165 years, touro has had a special place in the heart of the community, providing high quality, compassionate healthcare to the new orleans community.

$283.8Mprogram expense
02

Touro is a teaching hospital offering medical student and post graduate medical training. It has academic affiliations with louisiana state university health sciences center and tulane university health science center.

$11.9Mprogram expense
03

During the year ended december 31, 2024 touro provided $2,877,048 to further LCMC and lsu's partnership to provide patients with access to state-of-the art clinical services and clinical trials.

$5.3Mprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTouro Infirmary
EINHdr · item D72-0423659
Principal addressHdr · item CNew Orleans, LA
WebsiteHdr · item Jwww.touro.com
Year of formationHdr · item L1852
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E220)
Ruling yearIRS BMFDec 1936

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
System President/CEO
$0Pt VII · Sec A
Medical Staff Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Manny Linares’s $145K as President and CEO is at the 1st percentile of top reported officer pay among 1755 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020FY2019
Manny Linares$144,848$676,040$680,595$519,824$226,394
Christopher Lege$124,196$556,371$556,917
Jeffrey Cocomd$485,609$443,415
Bradley Sinclair$393,711$404,548$357,726$231,933
Takeisha Davis$90,757$396,831$393,580$336,079$321,953
Stephen M Baldwin$81,307$361,408$366,728$344,947$304,812
Danita Sullivan$356,928
Candace S Robinson$73,631$315,313$352,367$254,955

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Touro Infirmary executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$345.4M · 94%
Other revenue$17.7M · 5%
Investment income$2.4M · 1%
Program service revenue94%$345.4M
Other revenue5%$17.7M
Investment income1%$2.4M
Contributions & grants$1.7M
— government grantsLn 1e$730K
Total revenueLn 12$367.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$301.0M
Management & general20%$74.5M
Total functional expensesLn 25$375.5M

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$383.8M
Total liabilitiesLn 26$161.8M
Total net assetsLn 32$222.0M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19.0M · Operating expenses/yr $375.5M
0.6 months
Where the money goes
Program services
Program services $301.0M · Total expenses $375.5M
80%
Management & General
Management & general $74.5M · Total expenses $375.5M
20%
Fundraising
Fundraising $0 · Total expenses $375.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $958K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.7M · Total revenue $367.3M
0.5%
Government reliance
Government grants $730K · Total revenue $367.3M
0.2%
Earned-income share
Program service revenue $345.4M · Total revenue $367.3M
94%
Investment reliance
Investment income $2.4M · Total revenue $367.3M
+0.7%
Program self-sufficiency
Program service revenue $345.4M · Total expenses $375.5M
92%
Growth & trend
Revenue growth (YoY)
This year $367.3M · Prior year $343.0M
+7%
Revenue CAGR
FY2019 $306.7M · FY2024 $367.3M
+4%
Net-asset trend (YoY)
End of year $222.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $367.3M · Expenses $375.5M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $383.8M
Net-asset ratio
Net assets $222.0M · Total assets $383.8M
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $19.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $383.8M
5%
People & payroll
Highest Reported Total Compensation
Individual Greg Feirn · Reported title SYSTEM PRESIDENT/CEO · Highest reported compensation $0 · Total expenses $375.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $122.4M · Total expenses $375.5M
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth 7%
Investment management fee ratio <0.01%
Legal fee ratio 0.1%
Accounting fee ratio >-0.01%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 3 funders$391K
See all 3 funders →
Grants paid · 28 grants · $40.6M · 2019–2024
New Orleans Clinical Services LLC (a Smllc of Lcmc)FY2024$1,447,964
Lcmc Health Clinical Services DBA Nola Physician GroupFY2024$500,758
New Orleans Clinical Services LLC (a Smllc of Lcmc)FY2023$1,414,706
Lcmc Health Clinical Services DBA Nola Physician GroupFY2023$531,957
Audubon Nature Institute INCLA · FY2023$12,000
March of Dimes INCVA · FY2023$5,000
American Cancer Society INCGA · FY2023$5,000
New Orleans Clinical Services LLC (a Smllc of Lcmc)FY2022$1,223,988
French Quarter Festivals INCLA · FY2022$31,000
Audubon Nature Institute INCLA · FY2022$15,000
March of Dimes INCVA · FY2022$15,000
American Cancer Society INCGA · FY2022$15,000
See all 28 grants →

Similar Organizations

Closest in mission — by what they do
See all organizations like Touro Infirmary →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$367.3M revenue · viewing · ⤓ 990 PDF
FY2023$343.0M revenue · ⤓ 990 PDF
FY2022$342.3M revenue · ⤓ 990 PDF
FY2021$305.9M revenue · ⤓ 990 PDF
FY2020$303.4M revenue · ⤓ 990 PDF
FY2019$306.7M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.