Children's Medical Center Corporation (EIN 041174680) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1869

Legal Domicile

Principal Officer

Kevin B Churchwell MD

Phone

6173556000

Tax Period

2023-10-01 to 2024-09-30

Children's Medical Center Corporation, founded in 1869, is a major nonprofit in the Health Care sector that reported $338.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $102.5M, a strong 30% operating margin.

Mission

Holds & manages investments for Children's Hospital Corp. and its affiliated organizations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $374,302

Program Service Revenue $172,041,140

Investment Income $139,676,256

Other Revenue $26,275,932

TOTAL REVENUE $338,367,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,912,392

Fundraising Expenses $0

Program Expenses $191,416,756

Other Expenses $77,988,012

TOTAL EXPENSES $235,900,404

Year-over-Year Comparison

	2023	2022	Change
Revenue	$338,367,630	$285,927,344	+0.2%
Expenses	$235,900,404	$227,411,530	+0.0%
Net Income	$102,467,226	$58,515,814	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1167

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$5,614,478

Total Directors

$3,197,892

Key Employees

$15,898,814

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Churchwell MD	President & CEO	5.00	Officer Director	$0	$135,259	$3,197,892
Douglas Berthiaume	Director - Chairperson	5.00	Officer Director	$0	$0	$0
Allan Bufferd	Director	1.00	Director	$0	$0	$0
Winston Henderson	Director	1.00	Director	$0	$0	$0
Ivor Horn MD	Director	1.00	Director	$0	$0	$0
Stephen Karp	Director	1.00	Director	$0	$0	$0
Steven Krichmar	Director	1.00	Director	$0	$0	$0
Robert Langer ScD	Director	1.00	Director	$0	$0	$0
Vivian Lee MD	Director	1.00	Director	$0	$0	$0
Harvey Lodish PhD	Director	1.00	Director	$0	$0	$0
Gary Loveman MD	Director	1.00	Director	$0	$0	$0
Ralph C Martin	Director	1.00	Director	$0	$0	$0
Thomas Melendez	Director	1.00	Director	$0	$0	$0
Ted Pappendick	Director	1.00	Director	$0	$0	$0
Kathleen Regan	Director	1.00	Director	$0	$0	$0
Robert A Smith	Director - Vice Chair	2.00	Officer Director	$0	$0	$0
Alison Taunton-Rigby PhD	Director	1.00	Director	$0	$0	$0
Lisa Wieland	Director	1.00	Director	$0	$0	$0
James Mandell MD	Director	1.00	Director	$0	$0	$0
Doug Vanderslice	EVP, CFO & Treasurer	5.00	Officer	$0	$80,122	$1,684,195
Bruce Balter	Asst Treasurer/Dir Corp Fin	5.00	Officer	$0	$54,758	$370,427
Rob Graham	Asst Secretary/Sr Dr Ent Comm (BEGIN TERM 7/1/24)	5.00	Officer	$0	$0	$0
Christine Grenache	Asst Sec/Exec Manager (END TERM 6/30/24)	5.00	Officer	$148,571	$18,155	$166,726
Christopher Viney JD	EVP, General Counsel & Sec	5.00	Officer	$0	$20,376	$195,238
Philip Rotner	Chief Investment Officer	5.00	Key Emp	$0	$67,747	$2,044,401
Peter Laussen MD	EVP, Health Affairs	5.00	Key Emp	$0	$93,916	$1,349,463
Michele Garvin Esq	EVP, Chief of Staff	5.00	Key Emp	$0	$53,172	$1,254,786
Laura J Wood DNP MS RN	EVP, Chief Nursing Officer	5.00	Key Emp	$0	$74,650	$1,079,714
Demosthenes Argys	EVP, Hospital Chief Operating Officer, CCO	5.00	Key Emp	$0	$51,848	$1,137,729
Lynn Susman	EVP, Chief Development Off	5.00	Key Emp	$0	$65,718	$1,038,726
Lisa Hogarty	SVP, RE Planning and Devel	5.00	Key Emp	$0	$56,590	$836,188
Michael Gillespie	SVP, Clinical Services	5.00	Key Emp	$0	$52,482	$691,906
Patricia Hickey PhD MBA RN NEA-BC	SVP, Nursing/Patient Care	5.00	Key Emp	$0	$48,968	$832,116
August Cervini	SVP, Research Administration	5.00	Key Emp	$0	$50,152	$596,033
Heather Nelson	SVP, Chief Information Off	5.00	Key Emp	$0	$52,926	$899,424
Joseph A Mitchell MD	EVP & President, Franciscan's	5.00	Key Emp	$0	$128,100	$1,196,959
Nancy Andrews	EVP, Chief Scientific Officer	5.00	Key Emp	$0	$73,187	$1,242,515
Steven Luber	SVP, Finance	5.00	Key Emp	$0	$29,388	$692,692
Lisa Abbott	EVP, Chief Human Resources Officer	5.00	Key Emp	$0	$26,630	$1,006,162
Martin Kelly	Director, Investments	5.00	Highest	$0	$48,759	$912,015
Stacy Drury	Department Chief, Psychiatry	5.00	Highest	$0	$43,367	$994,244
Kathleen Ennabi	Physician	55.00	Highest	$1,299,765	$3,002	$1,302,767
Keith Ancona	Physician	55.00	Highest	$1,151,815	$10,492	$1,162,307
Allen Dozor	Physician	55.00	Highest	$913,236	$6,600	$919,836
Sandra Fenwick	Former President & CEO	0.00		$0	$0	$939,289
Daniel Nigrin MD	Former SVP & CIO	0.00		$0	$0	$315,203

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$338,367,630	$235,900,404	$3,882,179,980	$102,467,226
2023	$285,927,344	$227,411,530	$3,509,403,727	$58,515,814
2022	$278,963,648	$229,620,807	$3,898,375,653	$49,342,841
2021	$224,711,683	$188,960,524	$4,378,412,245	$35,751,159
2020	$184,461,001	$185,543,729	$3,974,828,265	$-1,082,728
2019	$310,941,929	$212,855,796	$3,565,462,629	$98,086,133
2018	$321,760,342	$202,652,722	$3,545,468,929	$119,107,620

Children's Medical Center Corporation