Children's Hospital Corporation (EIN 042774441) - 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

Kevin B Churchwell MD

Phone

6173556000

Tax Period

2023-10-01 to 2024-09-30

Children's Hospital Corporation, founded in 1982, is a large national nonprofit in the Health Care sector that reported $3.2B in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

Provider of pediatric healthcare, education, research & community service

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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 $646,395,665

Program Service Revenue $2,291,646,600

Investment Income $104,288,131

Other Revenue $122,884,435

TOTAL REVENUE $3,165,214,831

Expense Breakdown

Grants Paid $15,211,936

Salaries & Benefits $1,399,102,430

Fundraising Expenses $44,009,236

Program Expenses $2,673,218,651

Other Expenses $1,734,478,431

TOTAL EXPENSES $3,150,537,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,165,214,831	$2,712,815,226	+0.2%
Expenses	$3,150,537,035	$2,874,957,146	+0.1%
Net Income	$14,677,796	$-162,141,920	-1.1%

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

17819

Volunteers

396

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	55.00	Officer Director	$3,062,633	$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	55.00	Officer	$1,604,073	$80,122	$1,684,195
Bruce Balter	Asst Treasurer/Dir Corp Fin	55.00	Officer	$315,669	$54,758	$370,427
Rob Graham	Asst Secretary/Sr Dr Ent Comm (BEGIN TERM 7/1/24)	55.00	Officer	$0	$0	$0
Christine Grenache	Asst Sec/Exec Manager (END TERM 6/30/24)	55.00	Officer	$148,571	$18,155	$166,726
Christopher Viney JD	EVP, General Counsel & Sec	55.00	Officer	$174,862	$20,376	$195,238
Philip Rotner	Chief Investment Officer	55.00	Key Emp	$1,976,654	$67,747	$2,044,401
Peter Laussen MD	EVP, Health Affairs	55.00	Key Emp	$1,255,547	$93,916	$1,349,463
Michele Garvin Esq	EVP, Chief of Staff	55.00	Key Emp	$1,201,614	$53,172	$1,254,786
Laura J Wood DNP MS RN	EVP, Chief Nursing Officer	55.00	Key Emp	$1,005,064	$74,650	$1,079,714
Demosthenes Argys	EVP, Hospital Chief Operating Officer, CCO	55.00	Key Emp	$1,085,881	$51,848	$1,137,729
Lynn Susman	EVP, Chief Development Off	55.00	Key Emp	$973,008	$65,718	$1,038,726
Lisa Hogarty	SVP, RE Planning and Devel	55.00	Key Emp	$779,598	$56,590	$836,188
Michael Gillespie	SVP, Clinical Services	55.00	Key Emp	$639,424	$52,482	$691,906
Patricia Hickey PhD MBA RN NEA-BC	SVP, Nursing/Patient Care	55.00	Key Emp	$783,148	$48,968	$832,116
August Cervini	SVP, Research Administration	55.00	Key Emp	$545,881	$50,152	$596,033
Heather Nelson	SVP, Chief Information Off	55.00	Key Emp	$846,498	$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	55.00	Key Emp	$1,169,328	$73,187	$1,242,515
Steven Luber	SVP, Finance	55.00	Key Emp	$663,304	$29,388	$692,692
Lisa Abbott	EVP, Chief Human Resources Officer	55.00	Key Emp	$979,532	$26,630	$1,006,162
Martin Kelly	Director, Investments	55.00	Highest	$863,256	$48,759	$912,015
Nirav Desai	Director, Investments	55.00	Highest	$803,146	$45,903	$849,049
Cynthia Haines	SVP, National & International Services	55.00	Highest	$783,533	$56,028	$839,561
Nader Rifai PhD	Director, Lab Medicine	55.00	Highest	$667,474	$52,594	$720,068
Stacy Drury	Department Chief, Psychiatry	55.00	Highest	$950,877	$43,367	$994,244
Sandra Fenwick	Former President & CEO	0.00		$939,289	$0	$939,289
Daniel Nigrin MD	Former SVP & CIO	0.00		$315,203	$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	$3,165,214,831	$3,150,537,035	$8,899,360,805	$14,677,796
2023	$2,712,815,226	$2,874,957,146	$8,080,111,478	$-162,141,920
2022	$2,493,039,815	$2,428,663,560	$7,956,588,388	$64,376,255
2021	$2,249,005,779	$2,131,809,179	$7,923,756,569	$117,196,600
2020	$2,042,518,732	$1,986,815,891	$7,478,850,382	$55,702,841
2019	$2,046,728,408	$1,910,017,857	$6,333,481,693	$136,710,551
2018	$2,019,654,789	$1,802,072,892	$5,982,517,057	$217,581,897

Children's Hospital Corporation