Velarion Records

Critical access hospital · Napoleonville, Louisiana · 15 beds · CMS certification number 191303

Our Lady of the Lake Assumption Com

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2023, settled, stamped by CMS January 17, 2025. 23 years on file, every one shown below.

Fiscal 2023 at a glance

Net patient revenue
$11.7M
$11,710,283 · G-3 line 3
Operating expenses
$8.9M
$8,881,643 · G-3 line 4
Result from patient care
$2.8M
$2,828,640 · G-3 line 5
Margin on patient care
24.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $246K in its first year on file (2001) to $11.7M in 2023.
  • Its result from patient care: −$202K (2021), $3.6M (2022), $2.8M (2023).
  • 2 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2023.

Every statement is drawn from figures on this page; nothing is estimated.

23 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2001
settled
$246K
$220K
2002
settled
$3.4M
$3.6M
2003
settled
$3.4M
$3.7M
2004
settled
$4.2M
$4.8M
2005
reopened
$5.4M
$4.9M
2006
settled
$5.3M
$5.3M
2007
settled
$4.4M
$5.7M
2008
settled
$5.6M
$6.2M
2009
settled
$6.6M
$6.5M
2010
settled
$7.5M
$6.7M
2011
reopened
$6.8M
$7.1M
2012
settled
$8.2M
$7.2M
2013
settled
$8.6M
$7.4M
2014
settled
$8.1M
$8.1M
2015
settled
$9.1M
$8.6M
2016
settled
$8.9M
$6.7M
2017
settled
$8.3M
$7.0M
2018
settled
$7.8M
$6.5M
2019
settled
$6.6M
$6.6M
2020
settled
$6.9M
$7.0M
2021
settled
$7.0M
$7.2M
2022
settled
$11.7M
$8.2M
2023
settled
$11.7M
$8.9M

Beside its peers

Critical access hospitals in Louisiana with under 25 beds, each on fiscal year 2023.

HospitalBedsNet patient revenueOperating expensesMargin
Our Lady of the Lake Assumption Com15$11,710,283$8,881,64324.2%
Acadia St. Landry Hospital, Church Point15$15,546,991$16,525,818−6.3%
Dequincy Memorial Hospital, Dequincy19$11,067,639$14,812,929−33.8%
Madison Parish Hospital, Tallulah19$15,006,327$24,845,386−65.6%
Reeves Memorial Medical Center, Bernice15$13,564,211$13,452,3700.8%
Union General Hospital, Farmerville20$20,417,091$19,958,3532.3%

Patients and payers

Discharges
1
S-3 line 14, col 15
Inpatient days
4
S-3 line 14, col 8
Beds in use, on an average day
0.0
days ÷ days in year
Occupancy
0.1%
days ÷ bed days

Who owns it

Related organizations on its own cost report: OUR LADY OF THE LAKE HOSPITAL (100%).

Type of control on its cost report: voluntary nonprofit, church.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by OUR LADY OF THE LAKE ASSUMPTION (employer identification number 721495500) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$76,455IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$71,979IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$71,979IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$4,476IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0086IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202431369349307753. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by OUR LADY OF THE LAKE ASSUMPTION (employer identification number 721495500) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
BRIAN F TRIPODESUPV PHARMACY/INTERIM ADMINTrustee/director, Officer$205,437$0$25,803
BRITTANY WYGERPHYSICIANHighest-compensated employee$320,076$0$16,866
CHARLES L SPICERBOARD MEMBER/PRESIDENT - OLOLTrustee/director, Officer$0$237,105$29,538
CHARLES P BOLOTTE MDBOARD MEMBERTrustee/director$0$0$0
DAMIAN RICHARDMRI TECHNOLOGISTHighest-compensated employee$108,359$0$8,669
DONNA M MULLINGSDIR. NURSINGHighest-compensated employee$123,035$0$32,387
GREG BOWSERBOARD SECRETARYTrustee/director, Officer$0$0$0
HARRY J PHILIPS JRBOARD CHAIRTrustee/director, Officer$0$0$0
JEFF LIMBOCKERFORMER VP FINANCE/FMOL CFOFormer$0$855,174$20,489
JENNIFER CLOWERSBOARD MEMBER/CFO (START 8/22)Trustee/director, Officer$0$506,713$70,655
JOHN FRAICHE MDBOARD MEMBER/PHYSICIANTrustee/director$0$557,919$36,877
KENNETH WESTERFORMER PRESIDENT/OLOL CEOFormer$0$3,612,382$13,291
KEVIN GUIDRYADMINISTRATOR/CEO (UNTIL 7/22)Officer$143,704$0$12,035
LOWELL E STANTONREGIONAL CFO (UNTIL 8/2022)Trustee/director, Officer$0$606,053$42,795
SCOTT N HENGSENSBOARD VICE CHAIRTrustee/director, Officer$0$0$0
STEPHANIE G MANSONLOURDES CEOTrustee/director$0$552,790$52,991
WENDY GAUDETPAST INTERIM CEO/OLOL VP OPERATIONSFormer$0$267,996$30,440
WILLIAM E BALHOFFBOARD MEMBERTrustee/director$0$0$0

E-file object id 202431369349307753. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2022.ZIP, form CMS-2552-10, filed under CMS certification number 191303. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2022.ZIP, read January 17, 2025.