CHMC Otolaryngologic Foundation Inc (EIN 042751258) - 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

1982

Legal Domicile

Principal Officer

Michael J CunninghamMD

Phone

6173556463

Tax Period

2023-10-01 to 2024-09-30

CHMC Otolaryngologic Foundation Inc, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $44.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $40.1M left a modest 10% surplus.

Mission

The Foundation provides otolaryngology services primarily to patients at (see Schedule O) Boston Children's Hospital and at satellite locations. The Foundation also provides care for patients regardless of their ability to pay, as well as providing and subsidizing 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 $134,000

Program Service Revenue $39,941,241

Investment Income $4,534,250

Other Revenue $150,508

TOTAL REVENUE $44,759,999

Expense Breakdown

Grants Paid $45,885

Salaries & Benefits $31,908,706

Fundraising Expenses $0

Program Expenses $37,765,593

Other Expenses $8,154,474

TOTAL EXPENSES $40,109,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,759,999	$39,054,990	+0.1%
Expenses	$40,109,065	$36,636,458	+0.1%
Net Income	$4,650,934	$2,418,532	+0.9%

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

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

$3,397,293

Total Directors

$6,313,610

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael J Cunningham MD FACS	President	55.00	Officer Director	$1,132,739	$105,482	$1,238,221
Reza Rahbar MD	Vice President	55.00	Officer Director	$1,694,030	$116,028	$1,810,058
Norman Dean	Treasurer	10.00	Officer Director	$0	$39,509	$349,014
Sukgi S Choi MD	Director	60.00	Director	$1,406,584	$96,992	$1,503,576
Roger C Nuss MD	Director	60.00	Director	$731,269	$126,318	$857,587
Laurie Ohlms MD	Director	60.00	Director	$429,400	$125,754	$555,154
N/A	Institutional Trustee	2.00		$0	$0	$0
Kenneth R Whittemore MD	Physician	60.00	Highest	$1,170,169	$105,061	$1,275,230
Greg R Licameli MD	Physician	60.00	Highest	$1,329,216	$128,250	$1,457,466
Eelam Adil MD	Physician	60.00	Highest	$1,244,026	$128,925	$1,372,951
Karen Watters MD	Physician	60.00	Highest	$869,357	$128,272	$997,629
Gi Soo Lee MD	Physician	60.00	Highest	$877,798	$120,802	$998,600

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	$44,759,999	$40,109,065	$68,521,889	$4,650,934
2023	$39,054,990	$36,636,458	$61,967,122	$2,418,532
2022	$34,967,814	$28,473,582	$53,866,529	$6,494,232
2021	$28,964,394	$30,270,076	$56,250,065	$-1,305,682
2020	$28,870,992	$28,794,459	$48,868,963	$76,533
2019	$33,134,154	$30,096,994	$45,921,972	$3,037,160
2018	$32,915,077	$29,867,433	$43,237,325	$3,047,644

CHMC Otolaryngologic Foundation Inc