Southern Mutual Health Association Inc. is a 501(c)3, tax-exempt, not-for-profit corporation based in New Iberia, La. It is governed by a nine-member board of directors composed of leaders who reflect the diversity of the areas in which the organization works. The board appoints the President/Executive Director who is the organization’s Chief Executive Officer. The organization’s current Chief Executive Officer is Lorna Bourg, one of the original co-founders of Southern Mutual Help Association.
SMHA also has created Southern Mutual Financial Services Inc. (SMFS), a wholly-owned subsidiary referred to as an affiliate under non-profit law. SMFS is certified by the U.S. Treasury as a Community Development Financial Institution serving the entire state of Louisiana and is governed by a separate board of directors. As the parent-corporation, SMHA retains veto-authority of the board of directors’ membership. SMHA also provides staff services for SMFS.