Thibodaux Regional Health System

Legal name: Thibodaux Regional Health System Inc

Nonprofit profile at a glance

EIN
842046902
IRS 990 coverage
2019–2024
Official website data refreshed
Jul 2026
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2018
Location
Thibodaux, LA, United States
Phone
985-447-5500
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$382,055,537
Expenses
$334,407,756
Assets
$581,207,552
Liabilities
$316,637,269

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

Leadership & pay

13 people listed

Executive titles in this filing

  • GREG K STOCK (CEO AND BOARD SEC. - NONVO)

Highest reported compensation

  • SCOTT HEBERT (STAFF PHYSICIAN): $2,628,825 total reported compensation
  • BLAIN ARTHURS (STAFF PHYSICIAN): $1,487,981 total reported compensation
  • GREG K STOCK (CEO AND BOARD SEC. - NONVO): $1,314,959 total reported compensation

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

Overview

Mission

Driven by commitment to excellence (since 1929) to provide the highest quality medical services to patients and the community. The Diabetes Self-Management Program of Thibodaux Regional offers comprehensive diabetes services, instruction and support to hundreds of inpatients and outpatients, as well as their families and loved ones. Diabetes is a leading cause of disability and greatly increases the risk of death from heart attack and stroke. As a result of advanced medical treatments and self-management education programs, people with diabetes may be spared many complications and premature death. Education is the cornerstone of diabetes management. The program focuses on each patient’s individual needs for learning and implementing strategies that will affect lifestyle changes for a healthier life. Diabetes Self-Ma.

What it reported doing in 2024

The mission of the hospital is to provide the highest quality, most cost-effective healthcare services possible to the people of thibodaux and surrounding areas. The hospital, in recognition of its mission, strives to achieve its vision to be the regional medical center of choice for selected healthcare services in southeast Louisiana through a commitment to quality improvement, by partnering with other healthcare providers, and by remaining financially viable in a competitive environment. To achieve our vision, we promote the following values: respect, integrity, innovation, excellence, accountability, and passion.the medical center is licensed for 180 beds and operates 140 inpatient beds including inpatient rehab and inpatient behavioral health. The available staffed bed complement is as follows: medical/surgical 79ldrp/ante partal 16intensive care 16stepdown 10rehabilitation 14behavioral health 16the medical center has approximately 281 physicians on staff. This includes 112 active staff physicians, 11 associate staff physicians, 38 courtesy staff physicians, 18 emergency department physicians, 17 consulting staff physicians, 7 community staff physicians, 77 telemedicine physicians, and 1 house staff physician. The medical staff support services provided at the main hospital, cancer center, medical office building, medical plaza and wellness center as appropriate to the services provided in those locations.all services are planned and designed on the patient population the hospital serves, the hospital's mission and vision statement, key requirements of our patients and their family members, and key requirements of other major stakeholders. The process of planning a service is a collaborative effort. Hospital staff that are most knowledgeable about the particular service being planned are involved in the planning process as well as physicians and community leaders where appropriate. In accordance with federal and state regulations, professional practice standards and codes, trmc provides the community with an extensive range of general and specialty medical services.significant hospital achievements & key statistics for fiscal year ended 9/30/2025 include:2025 best hospital for patient safety by women's choice award2025 best hospital for obstetrics by women's choice award2025 best hospital for cancer care by women's choice award2025 best hospital for minimally invasive surgery by women's choice award2025 best hospital for stroke care by women's choice award2025 primary stroke center designation by the joint commission2025 american heart association silver plus get with the guidelines target: stroke honor roll2025 american heart association silver plus get with the guidelines target: type 2 diabetes honor roll2025 pov people's choice award best hospital2025 pov people's choice award best place to work2025 pov people's choice award best gym/health/fitness center2025 pov people's choice award best urgent care2025 pov people's choice award best pediatrician, sheila pitre, md2025 pov people's choice award best ob/gyn amy ashton, md2025 - the courier/daily comet community's choice awards bayou's best hospital2025 - the courier/daily comet community's choice awards bayou's best emergency room2025 - the courier/daily comet community's choice awards bayou's best maternity & childbirth center2025 - the courier/daily comet community's choice awards bayou's best emergency room2025 - the courier/daily comet community's choice awards bayou's best - best pain management clinic2025 - the courier/daily comet community's choice awards bayou's bestfy25 key statisticstotal inpatient days 28,147average daily census 77.4inpatient admissions 6,610average los (acute) 4.08observation patients 2,251rehab days 2,995deliveries 786outpatient visits 173,758e/r visits 35,208home health admissions 1.052adjusted patient days 122,631surgery cases 10,580validation through voluntary accreditation programsseeking accreditation, even when not required, is one w

Operating model

Revenue model
Earned-program. 83% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 81
  • Accountability: 84
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.9%; rating input score 68
  • Program expense ratio: 78.5%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • 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: 76.8%; rating input score 77; 16th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 80%; rating input score 80; 28th 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: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.5%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 1.74; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 2.8%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 9.5% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 67.9% of revenue deployed · 78.5% of spending went to programs
  • Governance: 4 of 5 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $262.4M in reported program spending
  • Leadership: top reported pay $2.6M · 13 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $15.9M reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 8 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.

  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.