CHILDRENS HOSPITAL ANESTHESIA CORPORATION (EIN 061587311) - 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

2000

Legal Domicile

Principal Officer

GREGORY C FEIRN

Phone

5048969388

Tax Period

2023-01-01 to 2023-12-31

CHILDRENS HOSPITAL ANESTHESIA CORPORATION, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $59.7M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

THIS CORPORATION IS FORMED FOR THE PURPOSE OF ENGAGING IN THE PRACTICE OF (CONT'D ON SCH O) MEDICINE IN CONJUNCTION WITH AND IN SUPPORT OF THE PATIENT CARE, GRADUATE MEDICAL EDUCATION AND RESEARCH MISSIONS OF LCMC AFFILIATED HEALTHCARE FACILITIES TO PROVIDE IN CONJUNCTION WITH LCMC AFFILIATED HEALTHCARE FACILITIES AND MANAGED HEALTHCARE FACILITIES, COST-EFFECTIVE COMPREHENSIVE ANESTHESIA AND ANESTHESIA-RELATED SERVICES TO THE COMMUNITIES SERVED BY THE LCMC HEALTH SYSTEM AND TO RENDER ALL SERVICES INCIDENTAL OR ANCILLARY THERETO.

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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 $22

Program Service Revenue $59,723,428

Investment Income $0

Other Revenue $0

TOTAL REVENUE $59,723,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,779,156

Fundraising Expenses $0

Program Expenses $59,391,398

Other Expenses $7,892,162

TOTAL EXPENSES $59,671,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,723,450	$48,731,249	+0.2%
Expenses	$59,671,318	$48,731,250	+0.2%
Net Income	$52,132	$-1	-52133.0%

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

199

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

$2,257,813

Total Directors

$4,528,209

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY C FEIRN	BOARD MEMBER, CEO LCMC	1.00	Director	$0	$31,056	$2,270,396
JOHN HEATON MD	BOARD MEMBER/PRES	1.00	Officer Director	$0	$31,962	$1,115,541
JOANN L KUNKEL	SECRETARY/TREASURER	1.00	Officer Director	$0	$20,608	$1,142,272
PATRICK S MCCARTY	ANESTHESIOLOGIST	40.00	Highest	$157,330	$31,681	$716,052
CHRISTOPHER J BROUSSARD	ANESTHESIOLOGIST	40.00	Highest	$153,031	$31,681	$696,140
GREGORY J BORDELON	ANESTHESIOLOGIST	40.00	Highest	$193,563	$31,596	$848,365
JONATHAN LISSAUER	ANESTHESIOLOGIST	40.00	Highest	$203,058	$31,681	$901,010
TYLER NIX	ANESTHESIOLOGIST	40.00	Highest	$147,129	$19,056	$640,999

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	No data	No data	No data	No data
2023	$59,723,450	$59,671,318	$10,575,975	$52,132
2022	$48,731,249	$48,731,250	$15,982,874	$-1
2021	$40,921,301	$40,916,250	$9,380,564	$5,051
2020	$40,290,054	$40,290,230	$8,358,702	$-176
2019	$36,485,593	$36,485,593	$7,527,490	No data
2018	$29,755,678	$29,755,678	$5,341,930	No data

CHILDRENS HOSPITAL ANESTHESIA CORPORATION