Lane Rmc Foundation

Nonprofit profile at a glance

EIN
260217428
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Zachary, LA, USA
Phone
2256584303
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$54,096
Expenses
$22,411
Assets
$228,672
Liabilities
$473,286

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • DONNA KLINE (PRESIDENT)
  • BRIAN GUIDRY (VICE PRESIDENT)
  • THERESA PAYMENT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • THERESA PAYMENT (EXECUTIVE DIRECTOR): $102,649 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the lane regional medical center foundation is to support the hospital in its goal of providing the very best healthcare services, technologies and programs to every patient that enters our doors. The lane rmc foundation provides an avenue for community involvement and philanthropic giving to help lane regional medical center provide life-saving services and technologies. It is the foundation's ongoing goal for every gift, however large or small, to play an important role in supporting specific projects identified by the foundation board that complements the mission of lane regional medical center. Corporate, community and employee volunteers work together through the foundation to raise money from individuals, corporations and other foundations to build and sustain a financial legacy ensuring healthcare excellence for future generations.

What it reported doing in 2024

Lane regional medical center foundation provides support to its supported organization, lane regional medical center.

Operating model

Revenue model
Other-operating. 70% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 14
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 62
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9%; rating input score 9
  • Program expense ratio: 21.6%; rating input score 22
  • Fundraising efficiency: $1.38 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 58.6%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 10.2; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 2.07; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 155.9%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -10% per year; rating input score 0; 29th percentile among comparable filings
  • Revenue growth: -12% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: 21% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 9% of revenue deployed · 21.6% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5K in reported program spending
  • Leadership: top reported pay $103K · 14 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 9/100.
  • High — Financial Efficiency: Program expense ratio scored 22/100.
  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.