Boston, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHMC Surgical Foundation Inc, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $49.5M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $47.6M left a modest 4% surplus.
The Foundation provides surgical services primarily to patients at Boston Children's Hospital and at satellite locations. The Foundation carries on and promotes basic and applied medical research and education in the field of surgery by teaching (see Schedule O) students and other medical and scientific personnel. The Foundation also provides care for patients regardless of their ability to pay.
The Foundation was organized to operate for the benefit of Boston Children's Hospital and Harvard Medical School, to provide surgical services to patients, and to conduct and promote research and...
The Foundation was organized to operate for the benefit of Boston Children's Hospital and Harvard Medical School, to provide surgical services to patients, and to conduct and promote research and education in the field of pediatric surgery. The Foundation may charge for patient care and other medical services, provided that any net income be used for the charitable, scientific, and educational purposes for which the Foundation was created. The Foundation also provides care for many patients regardless of their ability to pay, as well as providing hospital and community based services that are either unavailable or limited elsewhere in the community.
The Foundation receives income from Boston Children's Hospital for providing administration services. The Foundation carries on and promotes basic and applied medical research and education in the...
The Foundation receives income from Boston Children's Hospital for providing administration services. The Foundation carries on and promotes basic and applied medical research and education in the field of surgery by teaching students and other medical and scientific personnel; by providing or supplementing income to research personnel through fellowships, research grants, and stipends; and by giving lectures and publishing information concerning conditions and research results in the field of pediatric surgery in order to educate the general public and the medical profession.
The Foundation provides clinical services in certain clinics and satellite locations of Boston Children's Hospital (the Hospital) at agreed upon rates for reimbursement.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $49,465,535 | $59,885,653 | -0.2% |
| Expenses | $47,560,660 | $42,419,465 | +0.1% |
| Net Income | $1,904,875 | $17,466,188 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Steven J Fishman MD | President | 55.00 |
Officer
Director
|
$1,550,657 | $134,070 | $1,684,727 |
| Heung Bae Kim MD | Clerk | 60.00 |
Officer
Director
|
$1,193,431 | $133,156 | $1,326,587 |
| Tom Jaksic MD | Treasurer | 60.00 |
Officer
Director
|
$897,011 | $127,135 | $1,024,146 |
| Shawn J Rangel MD | Director | 60.00 |
Director
|
$804,242 | $224,750 | $1,028,992 |
| Biren P Modi MD | Director | 60.00 |
Director
|
$1,067,746 | $205,340 | $1,273,086 |
| Brent Weil MD | Director | 60.00 |
Director
|
$909,970 | $227,208 | $1,137,178 |
| Terry L Buchmiller MD | Director | 60.00 |
Director
|
$1,081,676 | $108,531 | $1,190,207 |
| N/A | Institutional Trustee | 2.00 |
|
$0 | $0 | $0 |
| Marc R Laufer MD | Dept. Chief | 60.00 |
Key Emp
|
$971,827 | $137,563 | $1,109,390 |
| Konstantinos Papadakis MD | Physician | 60.00 |
Highest
|
$951,832 | $129,297 | $1,081,129 |
| Benjamin Zendejas-Mummert MD | Physician | 60.00 |
Highest
|
$902,801 | $195,091 | $1,097,892 |
| Belinda Hsi Dickie MD | Physician | 60.00 |
Highest
|
$929,883 | $236,293 | $1,166,176 |
| Alireza Abdollah Shamshirsaz MD | Physician | 60.00 |
Highest
|
$958,167 | $182,665 | $1,140,832 |
| Alex G Cuenca MD | Physician | 60.00 |
Highest
|
$891,187 | $203,735 | $1,094,922 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $49,465,535 | $47,560,660 | $106,727,513 | $1,904,875 |
| 2023 | $59,885,653 | $42,419,465 | $95,368,583 | $17,466,188 |
| 2022 | $34,006,141 | $30,644,046 | $83,277,496 | $3,362,095 |
| 2021 | $41,065,629 | $34,162,300 | $91,440,860 | $6,903,329 |
| 2020 | $31,940,359 | $28,246,669 | $73,400,034 | $3,693,690 |
| 2019 | $35,053,234 | $27,733,080 | $63,029,765 | $7,320,154 |
| 2018 | $31,803,248 | $27,992,069 | $57,108,153 | $3,811,179 |
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