Touro Infirmary FY2019 filing

Tax-deductible

New Orleans, LA501(c)(3)Since 1852HospitalsEIN 72-0423659

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Provision of healthcare services

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$7.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $924K a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7.0M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $391K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$133.0M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 17 voting members
Looks good: 11 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$306.7M
Spent
$289.7M
To programs
85%
Net assets
$200.9M
By yearFY2019–FY2024
Revenue
$306.7M
FY2019
Revenue by fiscal year
FY2019$306.7M
FY2020$303.4M
FY2021$305.9M
FY2022$342.3M
FY2023$343.0M
FY2024$367.3M
Expenses
$289.7M
FY2019
Expenses by fiscal year
FY2019$289.7M
FY2020$286.4M
FY2021$308.7M
FY2022$350.8M
FY2023$363.2M
FY2024$375.5M
Net assets
$200.9M
FY2019
Net assets by fiscal year
FY2019$200.9M
FY2020$294.0M
FY2021$292.5M
FY2022$266.3M
FY2023$240.4M
FY2024$222.0M

From the FY2019 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1936.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $244.9M Management & general 15% · $44.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

60 people listed on the 990; $7.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Medical Officer
$443,415Pt VII · Sec A
Chief Nursing Officer (former)
$356,928Pt VII · Sec A
Noeh - President/CEO
$321,953Pt VII · Sec A
Vice President Operations
$304,812Pt VII · Sec A
Exec VP of Ccpi
$296,692Pt VII · Sec A
VP Busn Developement (former)
$265,789Pt VII · Sec A
CEO (former)
$264,864Pt VII · Sec A
Chief Financial Officer
$231,933Pt VII · Sec A

Manny Linares’s $145K as President and CEO is at the 1st percentile of top reported officer pay among 1748 $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 →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides comprehensive healthcare services, funds clinical research and trials, and supports medical education and community clinics to improve regional patient care.

Provided by the organization

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3 programs · $242.6M · in their own filed words · FY2019
01

The hospital provides inpatient, outpatient, emergency and critical care, home health and rehabilitation services. The hospital has 210 adult beds, 72 rehabilitation beds, 22 ICU beds and 48 OB beds for a total of 352 licensed beds. The hospital treated 13,414 inpatients and had 290,322 outpatient visits in 2019.

$232.2Mprogram expense
02

Touro Infirmary 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.

$10.1Mprogram expense
03

Community health services and community benefit operations provide free health education programs and screenings to the community. These programs are designed to focus on some of the most prevalent diseases in the New Orleans community, such as diabetes, heart disease and cancer.

$278Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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 →

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$306.7M
Ln 12
Fees for servicesLn 2g$291.2M
Other incomeLn 4–11$14.1M
Investment incomeLn 3$894K
Money outPt IX
$289.7M
Ln 25
Programscol B$244.9M
Managementcol C$44.8M
Owns and owesPt X
$200.9M
net assets · Ln 32
Cash and savingsLn 1–2$9.1M
Total assetsLn 16$333.9M
LiabilitiesLn 26$133.0M
PeoplePt VI, VII
60
listed · VII A
PaidVII A37
Voting boardVI 1a17
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$553K
Fees for servicesLn 2g$291.2M
Investment incomeLn 3$894K
Other incomeLn 4–11$14.1M
Gains on assetsLn 7$226K
Total revenueLn 12$306.7M
Assets in detailPt X, end of year
CashLn 1$9.1M
Cash and savings togetherLn 1–2$9.1M
InvestmentsLn 11–13$21.6M
Land, buildings, equipmentLn 10c$116.2M
Other assetsLn 15$10.9M
Total assetsLn 16$333.9M
LiabilitiesLn 26$133.0M
Net assetsLn 32$200.9M
OperationsPt I, VI
EmployeesI 52,484
VolunteersI 6109
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$9.1M$9.1M
InvestmentsLn 11–13$18.3M$21.6M
Land, buildings, equipmentLn 10c$121.7M$116.2M
Total assetsLn 16$301.9M$333.9M
LiabilitiesLn 26$112.8M$133.0M
Net assetsLn 32$189.1M$200.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$934K$934K
Pay of current officers, directors and key staffLn 5$3.5M$1.1M$2.3M
Other salaries and wagesLn 7$78.3M$75.8M$2.5M
Pension plan contributionsLn 8$2.6M$2.5M$135K
Other employee benefitsLn 9$5.7M$5.2M$470K
Payroll taxesLn 10$5.7M$5.6M$108K
Management feesLn 11a$28.9M$73K$28.8M
Legal feesLn 11b$114K$10K$104K
Accounting feesLn 11c$137K$137K
Lobbying feesLn 11d$35K$35K
Other fees for servicesLn 11g$55.6M$52.9M$2.6M
Advertising and promotionLn 12$963K$6K$957K
Office expensesLn 13$8.6M$5.3M$3.3M
Information technologyLn 14$223K$223K
OccupancyLn 16$5.5M$5.3M$215K
TravelLn 17$150K$112K$38K
Conferences, conventions and meetingsLn 19$124K$106K$17K
InterestLn 20$1.2M$1.2M
Depreciation, depletion and amortizationLn 22$20.1M$20.1M
InsuranceLn 23$1.9M$1.9M
Other expenses (24a–d)Ln 24$66.5M$66.2M$276K
All other expensesLn 24e$3.1M$1.5M$1.6M
Total functional expensesLn 25$289.7M$244.9M$44.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $367.3M$375.5M−$8.2M$222.0M 990 PDF
FY2023 $343.0M$363.2M−$20.1M$240.4M 990 PDF
FY2022 $342.3M$350.8M−$8.4M$266.3M 990 PDF
FY2021 $305.9M$308.7M−$2.8M$292.5M 990 PDF
FY2020 $303.4M$286.4M$16.9M$294.0M 990 PDF
FY2019 Viewing $306.7M$289.7M$17.1M$200.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (4 parts)
Part VIII · Statement of revenue $306,732,783 across 8 lines filed
Lines not itemized here account for $2,331,626 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$552,596
VIII-1h Total contributions, gifts and grants$552,596
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $291,196,177$291,196,177
VIII-3 Investment incomeExcluded from tax $667,734$667,734
VIII-6 Net rental income or lossRelated to mission $2,940,784$2,940,784
VIII-7 Net gain or loss on sales of assetsRelated to mission $226,165$226,165
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,817,701$8,817,701
VIII-12 Total revenueRelated to mission $305,473,628 · Unrelated business $38,825 · Excluded from tax $667,734$306,732,783
Part IX · Statement of functional expenses $289,665,141 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $933,794$933,794
IX-5 Pay of current officers, directors and key staffPrograms $1,140,617 · Management $2,315,797$3,456,414
IX-7 Other salaries and wagesPrograms $75,777,346 · Management $2,478,837$78,256,183
IX-8 Pension plan contributionsPrograms $2,479,876 · Management $135,464$2,615,340
IX-9 Other employee benefitsPrograms $5,228,141 · Management $469,591$5,697,732
IX-10 Payroll taxesPrograms $5,602,531 · Management $107,994$5,710,525
IX-11a Management feesPrograms $72,780 · Management $28,814,557$28,887,337
IX-11b Legal feesPrograms $10,006 · Management $103,819$113,825
IX-11c Accounting feesManagement $137,274$137,274
IX-11d Lobbying feesManagement $34,959$34,959
IX-11g Other fees for servicesPrograms $52,936,340 · Management $2,632,632$55,568,972
IX-12 Advertising and promotionPrograms $6,083 · Management $956,512$962,595
IX-13 Office expensesPrograms $5,282,630 · Management $3,273,477$8,556,107
IX-14 Information technologyPrograms $223,272$223,272
IX-16 OccupancyPrograms $5,271,293 · Management $215,433$5,486,726
IX-17 TravelPrograms $111,721 · Management $38,374$150,095
IX-19 Conferences, conventions and meetingsPrograms $106,217 · Management $17,425$123,642
IX-20 InterestManagement $1,160,029$1,160,029
IX-22 Depreciation, depletion and amortizationPrograms $20,094,797$20,094,797
IX-23 InsurancePrograms $1,918,178$1,918,178
IX-24 Other expenses (24a–d)Programs $66,202,710 · Management $275,534$66,478,244
IX-24e All other expensesPrograms $1,511,278 · Management $1,587,823$3,099,101
IX-25 Total functional expensesPrograms $244,909,610 · Management $44,755,531 · Fundraising $0$289,665,141
Part X · Balance sheet $333,875,203 assets, 17 lines filed
Asset lines not itemized here account for $61,102,613; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $9,132,108$9,107,148
X-4 Accounts receivableStart of year $103,612,538$113,011,050
X-9 Prepaid expenses and deferred chargesStart of year $1,249,466$561,044
X-10c Land, buildings and equipment, netStart of year $121,700,100$116,169,945
X-11 Publicly traded securitiesStart of year $18,282,996$21,582,705
X-14 Intangible assetsStart of year $1,411,000$1,411,000
X-15 Other assetsStart of year $7,650,311$10,929,698
X-16 Total assetsStart of year $301,905,540$333,875,203
X-17 Accounts payable and accrued expensesStart of year $29,151,731$34,761,290
X-19 Deferred revenueStart of year $150,537$146,106
X-20 Tax-exempt bond liabilitiesStart of year $54,532,471$51,763,542
X-25 Other liabilitiesStart of year $28,948,216$46,290,620
X-26 Total liabilitiesStart of year $112,782,955$132,961,558
X-27 Net assets without donor restrictionsStart of year $187,645,893$199,493,312
X-28 Net assets with donor restrictionsStart of year $1,476,692$1,420,333
X-32 Total net assets or fund balancesStart of year $189,122,585$200,913,645
X-33 Total liabilities and net assetsStart of year $301,905,540$333,875,203
Part XI · Reconciliation of net assets $200,913,645 net assets at year end
XI-1 Total revenue$306,732,783
XI-2 Total expenses$289,665,141
XI-3 Revenue less expenses$17,067,642
XI-4 Net assets at start of year$189,122,585
XI-5 Net unrealized gains (losses) on investments$2,272,168
XI-9 Other changes in net assets−$7,548,750
XI-10 Net assets at end of year$200,913,645

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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