Boston Pediatric Neurosurgical Foundation Inc (EIN 042986097) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

Mark R Proctor MD

Phone

6173554615

Tax Period

2023-10-01 to 2024-09-30

Boston Pediatric Neurosurgical Foundation Inc, founded in 1988, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $20.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $19.3M left a modest 6% surplus.

Mission

The Foundation provides neurosurgical 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 supporting 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 $395,487

Program Service Revenue $20,012,545

Investment Income $232,785

Other Revenue $0

TOTAL REVENUE $20,640,817

Expense Breakdown

Grants Paid $107,017

Salaries & Benefits $15,343,318

Fundraising Expenses $0

Program Expenses $17,632,850

Other Expenses $3,892,984

TOTAL EXPENSES $19,343,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,640,817	$17,555,696	+0.2%
Expenses	$19,343,319	$19,923,981	0.0%
Net Income	$1,297,498	$-2,368,285	-1.5%

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

$2,825,280

Total Directors

$10,448,272

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pok-Meng See MD	Director	60.00	Director	$1,172,535	$96,720	$1,269,255
Mark R Proctor MD	President	55.00	Officer Director	$1,426,064	$97,991	$1,524,055
Edward R Smith MD	Clerk/Treasurer	60.00	Officer Director	$1,169,389	$131,836	$1,301,225
Benjamin C Warf MD	Director	60.00	Director	$938,232	$123,496	$1,061,728
Scellig S Stone MD	Director	60.00	Director	$835,696	$124,518	$960,214
Katie P Fehnel MD	Director	60.00	Director	$1,166,755	$68,000	$1,234,755
Joseph R Madsen MD	Director	60.00	Director	$511,097	$135,445	$646,542
Lissa C Baird MD	Director	60.00	Director	$1,387,763	$95,606	$1,483,369
Weston Northam MD	Director	60.00	Director	$865,346	$101,783	$967,129
N/A	Institutional Trustee	2.00		$0	$0	$0
Robert M Scott MD	Physician	40.00	Highest	$435,688	$0	$435,688

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	$20,640,817	$19,343,319	$25,702,881	$1,297,498
2023	$17,555,696	$19,923,981	$21,040,935	$-2,368,285
2022	$13,320,819	$14,090,346	$21,248,644	$-769,527
2021	$14,617,852	$13,914,848	$23,682,269	$703,004
2020	$12,483,923	$12,066,242	$19,307,804	$417,681
2019	$12,367,617	$14,442,078	$16,958,982	$-2,074,461
2018	$12,019,718	$10,303,541	$19,569,185	$1,716,177

Boston Pediatric Neurosurgical Foundation Inc