Lsu Health Foundation New Orleans

What it reported doing in 2024

Enhancing the mission of the Louisiana state university health sciences center in new orleans (lsuhsc-no), which was founded in 1931, to provide education, research, and public service through direct patient care and community outreach. Lsuhsc-no comprises the schools of allied health professions, dentistry, graduate studies, medicine, nursing, and public health, including four centers of excellence and three research institutes. Lsuhsc-no educational programs prepare students for careers as health care professionals and scientists. The health sciences center disseminates and advances knowledge through state and national programs of basic and clinical research, resulting in publications, technology transfer, and related economic enhancements to meet the changing needs of the state of Louisiana and the nation. Lsuhsc-no (cont'd on sch. O) provides vital public service through direct patient care, including care of indigent and uninsured patients. Health care services are provided through lsuhsc-no clinics in allied health, dentistry, medicine, nursing, and in numerous affiliated hospitals and clinics throughout Louisiana. Lsuhsc-no provides referral services, continuing education, and information relevant to the public health of the citizens of Louisiana. In addition, lsuhsc-no works cooperatively with two area health education centers (ahecs), whose programs focus on improving the number and distribution of health care providers in underserved rural and urban areas of Louisiana and on supporting existing rural health care providers through continuing education programs. Lsuhsc-no serves the new orleans community of 376,971 citizens locally and 1,013,000 in the greater new orleans region along with supporting the healthcare profession throughout the state of Louisiana. Lsuhsc-no provides patient care in metropolitan new orleans, as well as baton rouge and lafayette with over 1,062,180 patient visits annually. Currently, on average 3,000 students, 2,400 faculty and staff, and 1,000 residents are served by the foundation's efforts across all schools in support of the lsuhsc-no campus. In a 2021-2022 economic impact study, 4,320 direct jobs and an additional 4,798 jobs along with $1.6 billion in economic output are effects of the lsuhsc-no campus. In serving the lsuhsc-no campus, the foundation has assisted in providing vital chairs, professorships, awards and scholarships to both faculty, residents, and students. The foundation houses approximately 1,500 restricted funds managed for these efforts, including the support of 211 direct scholarships and more than $33 million in research funding over the past three years at lsuhsc-no. In addition, the foundation serves as a mechanism for donations without value, including anatomical gifts and other types of property that assist lsuhsc-no in providing education to its students.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 75.9%; rating input score 76
• Fundraising efficiency: $2.49 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -45.9%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 13.09; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.21; rating input score 57; 57th percentile among comparable filings
• Officer compensation ratio: 5.6%; rating input score 46; 46th percentile among comparable filings

Growth

• Program expense growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
• Revenue growth: 2.1% per year; rating input score 100; 19th percentile among comparable filings
• Asset growth: 4.9% per year; rating input score 100; 35th percentile among comparable filings