CHMC Anesthesia Foundation Inc (EIN 042702169) - 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

1980

Legal Domicile

Principal Officer

Joseph P Cravero MD

Phone

6173556457

Tax Period

2023-10-01 to 2024-09-30

CHMC Anesthesia Foundation Inc, founded in 1980, is a major nonprofit in the Diseases & Disorders sector that reported $159.8M in total revenue in fiscal year 2023. Expenses of $152.5M left a modest 5% surplus.

Mission

The Foundation provides medical research and educational services to Boston (see Schedule O) Children's Hospital and Harvard Medical School. The Foundation also provides care for patients in Massachusetts regardless of their ability to pay, as well as providing and supporting hospital and community based services that are either unavailable or limited elsewhere in the community.

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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 $402,000

Program Service Revenue $150,007,511

Investment Income $6,190,091

Other Revenue $3,185,954

TOTAL REVENUE $159,785,556

Expense Breakdown

Grants Paid $1,591,470

Salaries & Benefits $127,789,241

Fundraising Expenses $0

Program Expenses $146,526,000

Other Expenses $23,151,252

TOTAL EXPENSES $152,531,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,785,556	$161,222,696	0.0%
Expenses	$152,531,963	$146,502,384	+0.0%
Net Income	$7,253,593	$14,720,312	-0.5%

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

N/A

Employees

173

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

$2,287,759

Total Directors

$10,195,905

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph P Cravero MD	President/Treasurer	54.00	Officer Director	$1,106,301	$148,128	$1,254,429
Jeffrey Burns MD	Director	59.00	Director	$898,070	$114,762	$1,012,832
John Fiadjoe MD	Clerk	60.00	Officer Director	$886,147	$147,183	$1,033,330
Jue Wang MD	Director	60.00	Director	$429,797	$124,147	$553,944
Anjali Koka MD	Director	60.00	Director	$426,737	$138,666	$565,403
Kirsten C Odegard MD	Director	60.00	Director	$751,922	$184,653	$936,575
Sally Vitali MD	Director	60.00	Director	$563,301	$162,878	$726,179
Mary Landrigan-Ossar MD	Director	60.00	Director	$632,096	$180,479	$812,575
Christine Greco MD	Director	60.00	Director	$811,042	$177,867	$988,909
Michael L McManus MD	Director	60.00	Director	$534,195	$114,762	$648,957
Cynthia Tung MD	Director	60.00	Director	$496,933	$101,619	$598,552
Viviane G Nasr MD	Director	60.00	Director	$686,649	$138,531	$825,180
Nina Deutsch MD	Director	60.00	Director	$221,385	$17,655	$239,040
N/A	Institutional Trustee	2.00		$0	$0	$0
Walid Alrayashi MD	Physician	60.00	Highest	$758,769	$138,297	$897,066
Pete Kovatsis MD	Physician	60.00	Highest	$795,120	$172,805	$967,925
Constance Houck MD	Physician	60.00	Highest	$822,756	$114,762	$937,518
James Dinardo MD	Physician	60.00	Highest	$891,295	$114,762	$1,006,057
Adrienne Randolph MD	Physician	60.00	Highest	$885,897	$179,916	$1,065,813
Paul R Hickey MD	Former Officer	36.00		$254,136	$90,350	$344,486
Sulpicio Soriano MD	Former Officer	60.00		$721,920	$120,642	$842,562

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	$159,785,556	$152,531,963	$351,127,028	$7,253,593
2023	$161,222,696	$146,502,384	$310,453,118	$14,720,312
2022	$122,037,360	$127,003,746	$215,533,982	$-4,966,386
2022	$122,433,417	$127,164,607	$283,048,096	$-4,731,190
2021	$156,600,655	$132,784,752	$242,134,032	$23,815,903
2020	$109,016,130	$114,595,815	$198,916,474	$-5,579,685
2019	$122,408,253	$113,079,119	$246,822,839	$9,329,134
2018	$127,498,371	$110,612,347	$250,364,630	$16,886,024

CHMC Anesthesia Foundation Inc