CHMC Cardiovascular Surgical Foundation Inc (EIN 042764370) - 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

Pedro J del Nido MD

Phone

6173557008

Tax Period

2023-10-01 to 2024-09-30

CHMC Cardiovascular Surgical Foundation Inc, founded in 1982, is a mid-sized nonprofit that reported $33.1M in total revenue in fiscal year 2023. Expenses of $30.3M left a modest 8% surplus.

Mission

The Foundation provides cardiovascular 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 $500,000

Program Service Revenue $30,800,325

Investment Income $1,690,687

Other Revenue $63,659

TOTAL REVENUE $33,054,671

Expense Breakdown

Grants Paid $210,393

Salaries & Benefits $24,282,884

Fundraising Expenses $0

Program Expenses $26,749,466

Other Expenses $5,830,711

TOTAL EXPENSES $30,323,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,054,671	$32,150,038	+0.0%
Expenses	$30,323,988	$28,185,973	+0.1%
Net Income	$2,730,683	$3,964,065	-0.3%

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

$6,403,017

Total Directors

$12,310,747

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aditya K Kaza MD	Clerk	60.00	Officer Director	$1,079,082	$97,482	$1,176,564
Pedro J del Nido MD	President	55.00	Officer Director	$3,426,009	$76,163	$3,502,172
Christopher W Baird MD	Treasurer	60.00	Officer Director	$1,630,115	$94,166	$1,724,281
Sitaram M Emani MD	Director	60.00	Director	$1,646,436	$85,107	$1,731,543
Francis Fynn-Thompson MD	Director	60.00	Director	$1,024,836	$96,240	$1,121,076
John E Mayer Jr MD	Director	60.00	Director	$875,997	$76,163	$952,160
Nathalie Roy MD	Director	60.00	Director	$939,482	$104,427	$1,043,909
David Hoganson MD	Director	60.00	Director	$952,860	$106,182	$1,059,042
N/A	Institutional Trustee	2.00		$0	$0	$0

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	$33,054,671	$30,323,988	$53,076,048	$2,730,683
2023	$32,150,038	$28,185,973	$48,088,574	$3,964,065
2022	$21,604,347	$24,941,364	$46,436,293	$-3,337,017
2021	$25,318,516	$21,761,313	$51,520,941	$3,557,203
2020	$20,685,808	$20,300,463	$38,696,663	$385,345
2019	$20,694,023	$17,759,761	$37,139,855	$2,934,262
2018	$20,861,135	$19,736,631	$40,271,468	$1,124,504

CHMC Cardiovascular Surgical Foundation Inc