Physicians Organization at Childre… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

Richard G Bachur MD

Phone

6179194078

Tax Period

2023-10-01 to 2024-09-30

Physicians Organization at Children's Hospital Inc, founded in 1995, is a major nonprofit in the Health Care sector that reported $104.9M in total revenue in fiscal year 2023.

Mission

The Organization operates exclusively for the benefit of the charitable purposes of Boston Children's Hospital (the Hospital) and the affiliated Foundations. It works jointly with the Hospital and the Foundations in developing and coordinating an (see Schedule O) integrated child health system and to foster cost effective, quality patient care within that system. The Organization negotiates and enters into agreements with insurers, payors, managed care plans, and fringe benefit plans on behalf of its member Foundations.

Program Service Accomplishments

Program 1

Expenses: $51,409,590 Revenue: $39,213,538

The Physicians Organization at Children's Hospital, Inc. (the Organization) sponsors health, dental, life, and disability benefit plans for the member Foundations. The health and dental plans are...

The Physicians Organization at Children's Hospital, Inc. (the Organization) sponsors health, dental, life, and disability benefit plans for the member Foundations. The health and dental plans are self-funded with internal premiums based upon the expected utilization of the plan members. Any surplus or deficit generated at the plan year-end is applied to the calculation when determining the subsequent year's premiums. Life and disability revenue is directly offset by premiums paid to the insurance carriers.

Program 2

Expenses: $22,151,383 Revenue: $16,896,344

The Organization provides professional services to certain member Foundations to assist them in accounting, consulting, strategic management, quality programs, patient billing, patient safety...

The Organization provides professional services to certain member Foundations to assist them in accounting, consulting, strategic management, quality programs, patient billing, patient safety, coordinated care cost containment, and other administrative services. Annual membership dues received from member Foundations support the administrative activities of the members by arranging for the delivery of healthcare services with insurers, managed care plans, and health maintenance organizations.

Program 3

Expenses: $32,461,719 Revenue: $24,760,728

The Organization has entered into leases at satellite locations for clinical and general office space. Member Foundations reimburse the Organization for use of these facilities at cost. In addition, the Organization provides management services to the Hospital and Foundations. The Hospital or Foundation reimburses the Organization for salary and fringe support of employees.

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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 $24,047,978

Program Service Revenue $80,870,610

Investment Income $16,647

Other Revenue $0

TOTAL REVENUE $104,935,235

Expense Breakdown

Grants Paid $1,312

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,022,692

Other Expenses $73,152,088

TOTAL EXPENSES $113,279,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,935,235	$101,191,558	+0.0%
Expenses	$113,279,060	$94,527,964	+0.2%
Net Income	$-8,343,825	$6,663,594	-2.3%

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

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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

Employees

N/A

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

$5,348,370

Total Directors

$33,352,473

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven J Fishman MD	Director	5.00	Director	$0	$134,070	$1,684,727
Richard G Bachur MD	President	15.00	Officer Director	$0	$101,796	$930,012
Joseph P Cravero MD	Director	5.00	Director	$0	$148,128	$1,254,429
Young-Jo Kim MD	Clerk/Treasurer	5.00	Officer Director	$0	$86,518	$1,527,949
Minider S Kocher MD	Director	5.00	Director	$0	$112,309	$2,454,601
Christina VanderPluym MD	PO BOD at Large	5.00	Director	$0	$97,921	$470,141
Caroline Robson MD	Non-Chief Member	5.00	Director	$0	$78,527	$635,155
Nicole Ullrich MD	Non-Chief Member	5.00	Director	$0	$48,670	$366,416
Tina Young Poussaint MD	Director	5.00	Director	$0	$78,570	$1,118,369
Menno Verhave MD	Non-Chief Member	5.00	Director	$0	$68,461	$437,554
Mark R Proctor MD	Chairman	5.00	Officer Director	$0	$97,991	$1,524,055
Tal Geva MD	Director	5.00	Director	$0	$75,157	$912,151
John G Meara MD DMD	Director	5.00	Director	$0	$131,102	$1,366,951
Man Wai Ng DDS MPH	Director	5.00	Director	$0	$58,109	$480,326
Gary R Fleisher MD	Physician-in-Chief (non-voting)	5.00	Director	$0	$70,413	$785,996
Gregory Young MD	Director (non-voting)(10/23-12/23)	5.00	Director	$0	$69,210	$585,054
Scott L Pomeroy MD	Director	5.00	Director	$0	$34,311	$285,434
David G Hunter MD PhD	Director	5.00	Director	$0	$136,184	$1,208,926
Mark D Fleming MD	Director	5.00	Director	$0	$99,716	$1,167,671
Martha M Murray MD	Director	5.00	Director	$0	$71,753	$975,591
Pedro J del Nido MD	Director	5.00	Director	$0	$76,163	$3,502,172
Michael J Cunningham MD FACS	Director	5.00	Director	$0	$105,482	$1,238,221
Steven D Krichmar	Community Representative	5.00	Director	$0	$0	$0
Kevin Churchwell MD	Director	5.00	Director	$0	$135,259	$3,197,893
Christopher Viney	Director	5.00	Director	$0	$10,902	$185,764
Carlos R Estrada MD	Director	5.00	Director	$0	$117,169	$1,283,742
Wendy K Chung MD PhD	Director	5.00	Director	$0	$53,481	$1,082,970
Stacey Drury MD	Director	5.00	Director	$0	$45,487	$996,364
Demosthenes Argys	Director	5.00	Director	$0	$51,848	$1,137,729
Margaret Fry MD	Director (non-voting)(1/24-9/24)	5.00	Director	$0	$31,024	$556,110
Thomas J Hart	CFO	60.00	Officer	$0	$71,600	$637,209
Irene G Paresky	COO	45.00	Officer	$0	$74,943	$729,145

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	$104,935,235	$113,279,060	$88,436,038	$-8,343,825
2023	$101,191,558	$94,527,964	$91,511,380	$6,663,594
2022	$86,699,876	$88,967,962	$75,684,514	$-2,268,086
2021	$84,396,979	$82,791,027	$74,839,781	$1,605,952
2020	$72,546,154	$74,285,063	$83,649,973	$-1,738,909
2019	$76,371,337	$71,416,424	$62,981,108	$4,954,913
2018	$70,291,149	$67,869,787	$58,624,983	$2,421,362

Physicians Organization at Children's Hospital Inc