Children's Hospital Pathology Foundation Inc

EIN: 043085427 501(c)(3) Diseases & Disorders

Boston, MA

Total Revenue
$15,815,028
Total Expenses
$15,344,313
Total Assets
$13,135,632
Net Assets
$10,386,157
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MA
Principal Officer
Mark D Fleming MD
Phone
6173554589
Tax Period
2023-10-01 to 2024-09-30

Children's Hospital Pathology Foundation Inc, founded in 1990, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $15.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

The Foundation provides pathology services primarily to patients at Boston (see Schedule O) Children's Hospital and at satellite locations. The Foundation carries on and promotes basic and applied medical research and education in the field of pathology. 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,311,765
Investment Income $503,263
Other Revenue $0
TOTAL REVENUE $15,815,028

Expense Breakdown

Grants Paid $1,524,133
Salaries & Benefits $11,289,766
Fundraising Expenses $0
Program Expenses $13,973,161
Other Expenses $2,530,414
TOTAL EXPENSES $15,344,313

Year-over-Year Comparison

2023 2022 Change
Revenue $15,815,028 $14,018,720 +0.1%
Expenses $15,344,313 $12,403,514 +0.2%
Net Income $470,715 $1,615,206 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
N/A
Employees
20
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
$2,170,375
Total Directors
6
$3,519,706
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark D Fleming MD President 55.00
Officer Director
$1,067,955 $99,716 $1,167,671
Marian H Harris MD Board Member 60.00
Director
$377,576 $98,926 $476,502
Alyaa Al-Ibraheemi MD Clerk 60.00
Officer Director
$359,182 $101,911 $461,093
Sanda Alexandrescu MD Treasurer 60.00
Officer Director
$441,895 $99,716 $541,611
Jacob R Bledsoe MD Board Member 60.00
Director
$362,095 $98,405 $460,500
Juan Putra MD Board Member 60.00
Director
$334,725 $77,604 $412,329
N/A Institutional Trustee 2.00
$0 $0 $0
Jeffrey D Goldsmith MD Physician 60.00
Highest
$551,127 $96,116 $647,243
Sara O Vargas MD Physician 60.00
Highest
$400,059 $99,417 $499,476
Antonio R Perez-Atayde MD Physician 60.00
Highest
$550,181 $99,716 $649,897
Hart GW Lidov MD Physician 60.00
Highest
$372,553 $74,172 $446,725
Alanna J Church MD Physician 60.00
Highest
$384,648 $101,774 $486,422
Harry PW Kozakewich MD Former Clerk/Appointed Member 30.00
$265,033 $67,411 $332,444
Monica Hollowell MD Former Clerk 60.00
$391,804 $99,159 $490,963
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 $15,815,028 $15,344,313 $13,135,632 $470,715
2023 $14,018,720 $12,403,514 $13,815,921 $1,615,206
2022 $12,613,073 $15,340,364 $12,419,824 $-2,727,291
2021 $13,705,082 $11,175,209 $15,486,790 $2,529,873
2020 $11,085,252 $10,357,783 $14,226,553 $727,469
2019 $12,279,526 $12,230,024 $13,000,553 $49,502
2018 $11,812,372 $10,642,470 $14,582,896 $1,169,902
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