Children's Hospital Ophthalmology Foundation Inc (EIN 042864081) - 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

2003

Legal Domicile

Principal Officer

David G Hunter MD PhD

Phone

6173553365

Tax Period

2023-10-01 to 2024-09-30

Children's Hospital Ophthalmology Foundation Inc, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $42.7M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.4M, a strong 15% operating margin.

Mission

The Foundation provides ophthalmology 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 limited 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 $1,556,287

Program Service Revenue $32,311,903

Investment Income $8,839,533

Other Revenue $12,324

TOTAL REVENUE $42,720,047

Expense Breakdown

Grants Paid $1,427,412

Salaries & Benefits $28,092,731

Fundraising Expenses $0

Program Expenses $32,478,976

Other Expenses $6,786,661

TOTAL EXPENSES $36,306,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,720,047	$32,666,505	+0.3%
Expenses	$36,306,804	$56,649,665	-0.4%
Net Income	$6,413,243	$-23,983,160	-1.3%

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

$3,478,137

Total Directors

$11,480,262

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David G Hunter MD PhD	President	55.00	Officer Director	$1,072,742	$136,184	$1,208,926
Linda R Dagi MD	Clerk	60.00	Officer Director	$882,767	$128,202	$1,010,969
Deborah K VanderVeen MD	Treasurer	60.00	Officer Director	$706,229	$141,012	$847,241
Gena Heidary MD PhD	Trustee	60.00	Director	$647,447	$109,827	$757,274
Carolyn S Wu MD	Trustee	60.00	Director	$571,935	$144,515	$716,450
Melanie Kazlas MD	Trustee	60.00	Director	$450,828	$117,885	$568,713
Ankoor S Shah MD PhD	Trustee	60.00	Director	$708,040	$133,493	$841,533
Lois EH Smith-Porter MD PhD	Trustee	60.00	Director	$561,594	$128,818	$690,412
Ryan Gise MD	Trustee	60.00	Director	$580,211	$78,205	$658,416
Jose Efren Gonzalez-Monroy MD	Trustee	60.00	Director	$454,504	$138,420	$592,924
Anne B Fulton MD	Trustee	60.00	Director	$352,723	$106,606	$459,329
Joseph F Griffith MD	Trustee	60.00	Director	$488,839	$136,245	$625,084
Alexandra T Elliott MD	Trustee	36.00	Director	$247,850	$121,257	$369,107
Eric D Gaier MD PhD	Trustee	60.00	Director	$492,947	$135,944	$628,891
Bharti Gangwani MD	Trustee	48.00	Director	$455,566	$136,468	$592,034
Mary Whitman MD PhD	Trustee	60.00	Director	$358,661	$145,952	$504,613
Suzanne Johnston MD MPH	Trustee	35.00	Director	$284,608	$123,738	$408,346
N/A	Institutional Trustee	2.00		$0	$0	$0
Gordon Massey	COO	55.00	Officer	$0	$37,926	$411,001
Christina Scelfo MD	Physician	33.00	Highest	$166,279	$11,500	$177,779
Pablo Altschwager Kraft MD	Physician	60.00	Highest	$434,489	$116,563	$551,052
Isdin Oke MD MPH	Physician	60.00	Highest	$154,166	$374	$154,540
Edith Reshef MD	Physician	60.00	Highest	$312,682	$29,578	$342,260
Vito Larocca MD	Physician	60.00	Highest	$230,899	$0	$230,899

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	$42,720,047	$36,306,804	$49,080,311	$6,413,243
2023	$32,666,505	$56,649,665	$67,264,540	$-23,983,160
2022	$28,459,534	$26,052,322	$63,874,660	$2,407,212
2021	$29,831,177	$25,930,722	$74,480,259	$3,900,455
2020	$24,324,900	$23,718,598	$61,876,642	$606,302
2019	$25,783,253	$27,599,704	$60,828,273	$-1,816,451
2018	$23,593,712	$20,931,044	$56,386,190	$2,662,668

Children's Hospital Ophthalmology Foundation Inc