Lake Charles Memorial Health System

Legal name: Southwest Louisiana Hospital Association D/b/a Lake Charles Memorial Hospital

Nonprofit profile at a glance

EIN
720551963
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Lake Charles, LA, US
Phone
337.494.3000
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Hospital, General

Official website

Reported finances

Revenue
$534,408,606
Expenses
$474,807,504
Assets
$352,630,575
Liabilities
$188,418,833

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

Leadership & pay

27 people listed

Executive titles in this filing

  • DEVON HYDE (PRESIDENT, CEO & ASSIST SE)
  • BENJAMIN AZEVEDO MD (MEDICAL STAFF PRESIDENT)
  • ALYSON JONES MD (MEDICAL STAFF PRESIDENT- ELECT)
  • EDWARD BERGEN DO (MEDICAL STAFF PAST PRESIDENT)

Highest reported compensation

  • GREGORY LUGO MD (PAST BOARD MEMBER): $1,613,515 total reported compensation
  • SARPREET BASRA (PHYSICIAN): $1,440,942 total reported compensation
  • EDWARD BERGEN DO (MEDICAL STAFF PAST PRESIDENT): $1,241,251 total reported compensation

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

Overview

Mission

To provide high-quality, compassionate healthcare to the people of Southwest Louisiana.

What it reported doing in 2024

Lake charles memorial hospital (lcmh)2024 community benefits summaryi. Introductionas a community-based hospital, it is lcmh's mission to help improve the health and wellness of the southwest Louisiana community. While it is our legal responsibility to provide medical care to anyone in need regardless of his or her ability to pay, lcmh also provides a significant amount of community service programs, including educational programs and health screenings, free of charge or at a greatly reduced cost to the consumer. Ii. Sports medicine, community events and seminarsthe sports medicine alliance provided pre-participation physicals for area athletes, athletic assessments, lectures, in-services, workshops, sports camps and clinics, student trainer scholarships, athletic trainer coverage at area sporting events, special events and more free of charge or for a minimal fee to the participants. Community benefit: $668,256. Each year, lcmh provides free health screenings, educational seminars and informational booths at a variety of community events. The hospital also provides free speakers to civic groups and their organizations. This commitment to health and wellness education takes lcmh professionals into the five parish area to staff industrial, corporate, and school health fairs. Lcmh contributed a net $72,000 in special events and seminars. Community benefit: $72,000.iii. Health professionals educationlcmh invests in medical education in an effort of provide the area with qualified professionals. In 2024, lcmh spent $8,468,551 for the Louisiana state university health services center-family practice residency program. Community benefit: $5,457,294.iv. Charitable donationslcmh makes numerous monetary donations to a variety of non-profit agencies. Community benefit: $187,647.lcmh's total 2024 net community contributions: $6,385,197.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 87
  • Accountability: 67
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.1%; rating input score 84
  • Program expense ratio: 95.3%; rating input score 95
  • Fundraising efficiency: $0.22 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 93.3%; rating input score 93; 25th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 42.9%; rating input score 43; 12th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.2%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 0.74; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 4.7% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 5.1% per year; rating input score 100; 37th percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 84.1% of revenue deployed · 95.3% of spending went to programs
  • Governance: 6 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $452.3M in reported program spending
  • Leadership: top reported pay $1.6M · 27 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $17.6M reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 11 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 25 filed money-flow records
  • Related organizations: 17 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Accountability: Independent voting board scored 43/100.
  • High — Financial Efficiency: Fundraising efficiency scored 1/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.