Children's Hospital Radiology Foun… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

Tina Young Poussaint MD

Phone

6173558347

Tax Period

2023-10-01 to 2024-09-30

Children's Hospital Radiology Foundation Inc, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $50.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $43.4M left a modest 14% surplus.

Mission

The Foundation was organized and operates exclusively for the benefit of Boston Children's Hospital (the Hospital) and Harvard Medical School (Harvard). The Foundation is subject to established policies, practices, and procedures of the Hospital and (see Schedule O) Harvard. The Foundation provides radiology services primarily to patients at the Hospital and at satellite locations.

Program Service Accomplishments

Program 1

Expenses: $40,727,385 Revenue: $43,261,277

The Foundation provides radiology services to patients at Boston Children's Hospital. It also carries on and promotes basic and applied medical research and education in the field of pediatric...

The Foundation provides radiology services to patients at Boston Children's Hospital. It also carries on and promotes basic and applied medical research and education in the field of pediatric radiology by teaching students and other medical and scientific personnel; by providing or supplementing income to research personnel through fellowships, research grants, and stipends; and by giving lectures and publishing information regarding problems and research results in the field of pediatric radiology in order to educate the medical profession and the general public. The Foundation may charge for patient care and other medical services, provided that any net income be used exclusively for the charitable, scientific, and educational purposes for which the Foundation was created. The Foundation (see Schedule O) provides care to patients who meet certain criteria under the Hospital's free-care policy without charge or at an amount less than its established rates.

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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 $2,398,694

Program Service Revenue $43,261,277

Investment Income $4,414,584

Other Revenue $434,950

TOTAL REVENUE $50,509,505

Expense Breakdown

Grants Paid $9,499

Salaries & Benefits $34,702,486

Fundraising Expenses $0

Program Expenses $40,727,385

Other Expenses $8,660,363

TOTAL EXPENSES $43,372,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,509,505	$44,364,090	+0.1%
Expenses	$43,372,348	$43,373,402	0.0%
Net Income	$7,137,157	$990,688	+6.2%

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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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

$2,257,746

Total Directors

$4,522,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Caroline D Robson MD	Treas. (10/23-12/23)/Dir (1/24-9/24)	60.00	Officer Director	$556,628	$78,527	$635,155
Kirsten Ecklund MD	Director	48.00	Director	$391,774	$77,524	$469,298
Horacio M PaduaMD	Director	60.00	Director	$633,081	$78,608	$711,689
Sarah Bixby MD	Director	60.00	Director	$568,747	$78,527	$647,274
Tina Young Poussaint MD	President	55.00	Officer Director	$1,039,799	$78,570	$1,118,369
Neha S Kwatra MD	Director	60.00	Director	$358,946	$77,363	$436,309
Michael George MD	Dir (10/23-12/23)/Treas. (1/24-9/24)	60.00	Officer Director	$429,618	$74,604	$504,222
N/A	Institutional Trustee	2.00		$0	$0	$0
Darren B Orbach MD PhD	Radiologist	60.00	Highest	$682,698	$78,659	$761,357
Ahmad Alomari MD	Radiologist	60.00	Highest	$658,858	$78,659	$737,517
Irene G Paresky	Employee	1.00	Highest	$654,202	$74,943	$729,145
Valerie L Ward MD	Radiologist	60.00	Highest	$583,166	$78,456	$661,622
Edward Y Lee MD	Radiologist	60.00	Highest	$585,808	$58,510	$644,318
Jeanne S Chow MD	Former President	60.00		$554,522	$78,324	$632,846
Richard Robertson MD	Former President	60.00		$661,167	$78,659	$739,826

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	$50,509,505	$43,372,348	$66,283,020	$7,137,157
2023	$44,364,090	$43,373,402	$61,213,583	$990,688
2022	$42,459,483	$37,515,688	$54,875,061	$4,943,795
2021	$41,980,369	$37,258,063	$61,711,142	$4,722,306
2020	$35,543,848	$38,441,498	$57,575,299	$-2,897,650
2019	$38,033,711	$34,443,736	$64,563,823	$3,589,975
2018	$39,991,006	$36,878,087	$65,119,611	$3,112,919

Children's Hospital Radiology Foundation Inc