Boston Children's Heart Foundation Inc (EIN 042790699) - 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

1983

Legal Domicile

Principal Officer

Tal Geva MD

Phone

6173554895

Tax Period

2023-10-01 to 2024-09-30

Boston Children's Heart Foundation Inc, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $83.8M in total revenue in fiscal year 2023. Expenses of $108.6M exceeded revenue, resulting in a 30% operating deficit.

Mission

The Foundation provides an extensive range of evaluation services for patients (see Schedule O) with heart diseases, medical research, and educational services to Boston Children's Hospital and Harvard Medical School. The Foundation also provides care for patients in need of cardiology services, regardless of their ability to pay, as well as providing community based services.

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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 $201,000

Program Service Revenue $82,523,176

Investment Income $50,615

Other Revenue $1,041,258

TOTAL REVENUE $83,816,049

Expense Breakdown

Grants Paid $26,757,360

Salaries & Benefits $67,252,950

Fundraising Expenses $0

Program Expenses $104,943,856

Other Expenses $14,546,668

TOTAL EXPENSES $108,556,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,816,049	$78,694,629	+0.1%
Expenses	$108,556,978	$72,651,656	+0.5%
Net Income	$-24,740,929	$6,042,973	-5.1%

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

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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

102

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

$2,375,839

Total Directors

$7,225,678

Key Employees

$1,873,922

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tal Geva MD	President	55.00	Officer Director	$836,994	$75,157	$912,151
John Triedman MD	Director (10/23-2/24)	60.00	Director	$530,858	$90,422	$621,280
Sarah D de Ferranti MD	Secretary/Clerk (10/23-2/24)	60.00	Officer Director	$439,977	$104,211	$544,188
Rahul Rathod MD	Treasurer	60.00	Officer Director	$391,387	$100,255	$491,642
David Schidlow MD	Director (10/23-2/24)	60.00	Director	$323,713	$94,662	$418,375
Elizabeth DeWitt MD	Dir(10/23-2/24)/Sec/Clerk(3/24-9/24)	60.00	Officer Director	$318,708	$109,150	$427,858
David Kane MD	Director (10/23-2/24)	60.00	Director	$349,698	$95,468	$445,166
Christina VanderPluym MD	Director	60.00	Director	$372,220	$97,921	$470,141
Kimberly Mills MD	Director (10/23-2/24)	60.00	Director	$424,587	$104,935	$529,522
Michael Day MD	Director (3/24-9/24)	60.00	Director	$425,883	$89,132	$515,015
Michael J Farias MD	Director (3/24-9/24)	60.00	Director	$377,469	$96,627	$474,096
Michelle Gurvitz Wichman MD	Director (3/24-9/24)	60.00	Director	$361,599	$100,255	$461,854
John Salvin MD	Director (3/24-9/24)	60.00	Director	$463,063	$71,326	$534,389
Nao Sasaki MD	Director (3/24-9/24)	60.00	Director	$293,069	$86,932	$380,001
N/A	Institutional Trustee	2.00		$0	$0	$0
Jane Newburger MD	Dept. Chief	60.00	Key Emp	$542,903	$78,481	$621,384
Ravi Thiagarajan MD	Dept. Chief	60.00	Key Emp	$553,340	$95,475	$648,815
Roger E Breitbart MD	Dept. Chief	60.00	Key Emp	$488,161	$115,562	$603,723
Edward P Walsh MD	Cardiologist	60.00	Highest	$548,526	$90,422	$638,948
John Kheir MD	Cardiologist	60.00	Highest	$608,370	$106,406	$714,776
Elizabeth Blume MD	Cardiologist	60.00	Highest	$510,427	$117,416	$627,843
Eduardo da Cruz MD	Cardiologist	60.00	Highest	$938,457	$101,073	$1,039,530
Andrew J Powell MD	Cardiologist	60.00	Highest	$511,407	$106,406	$617,813

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	$83,816,049	$108,556,978	$123,374,546	$-24,740,929
2023	$78,694,629	$72,651,656	$142,002,293	$6,042,973
2022	$70,199,923	$65,171,871	$119,898,157	$5,028,052
2021	$68,634,327	$63,891,633	$130,311,137	$4,742,694
2020	$54,530,838	$50,967,691	$101,329,197	$3,563,147
2019	$60,888,121	$52,876,032	$91,588,887	$8,012,089
2018	$52,009,929	$48,810,924	$83,665,559	$3,199,005

Boston Children's Heart Foundation Inc