Lafon Nursing Home
EIN: 720983311 · New Orleans, LA · NTEE: E91Z
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $9.0M |
| Net Assets | $9.8M |
Is Lafon Nursing Home Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lafon Nursing Home
Lafon Nursing Home (EIN: 720983311) is a nonprofit organization based in New Orleans, LA, classified under NTEE code E91Z. The organization reported total revenue of $7.6M and total assets of $10.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lafon Nursing Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lafon Nursing Home is a mid-size nonprofit that has been operating for 80 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.2M |
| Total Expenses | $9.0M |
| Surplus / Deficit | $-1,810,514 |
| Total Assets | $11.6M |
| Total Liabilities | $1.8M |
| Net Assets | $9.8M |
| Operating Margin | -25.2% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 15.5 months |
Financial Health Grade: B
In 2023, Lafon Nursing Home reported a deficit of $1.8M with expenses exceeding revenue, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lafon Nursing Home's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.4% | +14.8% | -4.3% |
| 2022 | +6.7% | -10.3% | -8.8% |
| 2021 | -20.4% | -2.9% | -12.1% |
| 2020 | +8.2% | +2.9% | +5.3% |
| 2019 | -0.7% | +2.3% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lafon Nursing Home has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lafon Nursing Home with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.4%.
Frequently Asked Questions about Lafon Nursing Home
Is Lafon Nursing Home a legitimate charity?
Lafon Nursing Home (EIN: 720983311) is a registered tax-exempt nonprofit based in Louisiana. It has 14 years of IRS 990 filings on record. Total revenue: $7.6M. No red flags identified. Financial health grade: B.
How does Lafon Nursing Home spend its money?
Lafon Nursing Home reported $7.6M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lafon Nursing Home tax-deductible?
Lafon Nursing Home is registered as a tax-exempt nonprofit (EIN: 720983311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lafon Nursing Home located?
Lafon Nursing Home is headquartered in New Orleans, Louisiana and files with the IRS under EIN 720983311. It is classified under NTEE code E91Z.
How many years of IRS 990 filings does Lafon Nursing Home have?
Lafon Nursing Home has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.6M in total revenue.
Filing History
IRS 990 filing history for Lafon Nursing Home showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lafon Nursing Home's revenue has grown by 327.4%, moving from $1.7M to $7.2M. Total assets increased by 67.9% over the same period, from $6.9M to $11.6M. Total functional expenses rose by 227.9%, from $2.7M to $9.0M. In its most recent filing year (2023), Lafon Nursing Home reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $11.6M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.2M | $9.0M | $11.6M | $1.8M | — | — |
| 2022 | $7.5M | $7.8M | $12.1M | $554K | — | — |
| 2021 | $7.1M | $8.7M | $13.3M | $649K | — | View 990 |
| 2020 | $8.9M | $9.0M | $15.1M | $1.3M | — | View 990 |
| 2019 | $8.2M | $8.8M | $14.4M | $474K | — | View 990 |
| 2018 | $8.2M | $8.6M | $14.7M | $365K | — | View 990 |
| 2017 | $8.3M | $8.4M | $15.0M | $356K | — | View 990 |
| 2016 | $8.4M | $8.4M | $3.8M | $364K | — | View 990 |
| 2015 | $7.6M | $8.3M | $4.0M | $440K | — | View 990 |
| 2014 | $7.5M | $7.7M | $4.5M | $326K | — | View 990 |
| 2013 | $6.8M | $7.1M | $4.7M | $415K | — | View 990 |
| 2012 | $5.8M | $6.6M | $5.2M | $532K | — | View 990 |
| 2011 | $4.2M | $5.3M | $5.9M | $937K | — | View 990 |
| 2010 | $1.7M | $2.7M | $6.9M | $698K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.2M, expenses of $9.0M, and assets of $11.6M (revenue -4.4% year-over-year).
- 2022: Revenue of $7.5M, expenses of $7.8M, and assets of $12.1M (revenue +6.7% year-over-year).
- 2021: Revenue of $7.1M, expenses of $8.7M, and assets of $13.3M (revenue -20.4% year-over-year).
- 2020: Revenue of $8.9M, expenses of $9.0M, and assets of $15.1M (revenue +8.2% year-over-year).
- 2019: Revenue of $8.2M, expenses of $8.8M, and assets of $14.4M (revenue -0.7% year-over-year).
- 2018: Revenue of $8.2M, expenses of $8.6M, and assets of $14.7M (revenue -0.4% year-over-year).
- 2017: Revenue of $8.3M, expenses of $8.4M, and assets of $15.0M (revenue -1.0% year-over-year).
- 2016: Revenue of $8.4M, expenses of $8.4M, and assets of $3.8M (revenue +9.5% year-over-year).
- 2015: Revenue of $7.6M, expenses of $8.3M, and assets of $4.0M (revenue +1.4% year-over-year).
- 2014: Revenue of $7.5M, expenses of $7.7M, and assets of $4.5M (revenue +10.9% year-over-year).
- 2013: Revenue of $6.8M, expenses of $7.1M, and assets of $4.7M (revenue +16.6% year-over-year).
- 2012: Revenue of $5.8M, expenses of $6.6M, and assets of $5.2M (revenue +38.9% year-over-year).
- 2011: Revenue of $4.2M, expenses of $5.3M, and assets of $5.9M (revenue +149.2% year-over-year).
- 2010: Revenue of $1.7M, expenses of $2.7M, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lafon Nursing Home:
Data Sources and Methodology
This transparency report for Lafon Nursing Home is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.