CHILDREN'S SPECIALIZED HOSPITAL

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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

1893

Legal Domicile

Principal Officer

WARREN E MOORE

Phone

9733224032

Tax Period

2018-01-01 to 2018-12-31

CHILDREN'S SPECIALIZED HOSPITAL, founded in 1893, is a major nonprofit in the Health Care sector that reported $148.1M in total revenue in fiscal year 2018. Expenses of $142.1M left a modest 4% surplus.

Mission

TO BE THE PREEMINENT PROVIDER OF SPECIALIZED HEALTHCARE SERVICES FOR INFANTS, CHILDREN AND YOUNG ADULTS. THE ORGANIZATION PROVIDES MEDICALLY NECESSARY PEDIATRIC HEALTHCARE SERVICES TO ALL CHILDREN IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $40,708,809 Revenue: $54,405,571

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY INPATIENT REHABILITATION SERVICES TO ALL CHILDREN IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. THE ORGANIZATION INCURRED 19,425 PATIENT DAYS FROM THE PROVISION OF INPATIENT REHABILITATION SERVICES IN 2018. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Program 2

Expenses: $22,082,657 Revenue: $15,210,201

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY AMBULATORY CARE CENTER PROGRAM SERVICES TO ALL CHILDREN IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR...

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY AMBULATORY CARE CENTER PROGRAM SERVICES TO ALL CHILDREN IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Program 3

Expenses: $20,346,567 Revenue: $20,193,448

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY LONG-TERM CARE SERVICES TO ALL CHILDREN IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. THE ORGANIZATION INCURRED 23,980 PATIENT DAYS FROM THE PROVISION OF LONG-TERM CARE SERVICES IN 2018. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

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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 (2018)

Revenue Breakdown

Contributions & Grants $21,082,403

Program Service Revenue $127,026,169

Investment Income $-13,239

Other Revenue $31,096

TOTAL REVENUE $148,126,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,238,793

Fundraising Expenses $0

Program Expenses $127,876,521

Other Expenses $49,846,230

TOTAL EXPENSES $142,085,023

Year-over-Year Comparison

	2018	2017	Change
Revenue	$148,126,429	$141,874,572	+0.0%
Expenses	$142,085,023	$133,967,804	+0.1%
Net Income	$6,041,406	$7,906,768	-0.2%

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

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

Employees

1592

Volunteers

672

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

$2,387,472

Total Directors

$4,425,629

Key Employees

$2,899,663

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELESTE ANDRIOT WOOD	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
DAVID KOSTINAS	1ST VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
CHRISTIANA FOGLIO	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
LAWRENCE KRAMER	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
BARBARA ROTHMAN	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
JOHN R BLASI ESQ	TRUSTEE	1.0	Director	$0	$0	$0
JENFU CHENG MD	TRUSTEE - PRESIDENT MED STAFF	55.0	Director	$268,264	$39,713	$307,977
JOHN CRISAN ESQ	TRUSTEE	1.0	Director	$0	$0	$0
SANDRA DESAPIO	TRUSTEE	1.0	Director	$0	$0	$0
KIM HANEMANN	TRUSTEE	1.0	Director	$0	$0	$0
SUEANNA D KORN	TRUSTEE	1.0	Director	$0	$0	$0
PENELOPE E LATTIMER PHD	TRUSTEE	1.0	Director	$0	$0	$0
AMY B MANSUE	TRUSTEE - RWJBH PRES. S. DIV.	55.0	Director	$0	$89,800	$1,877,864
DANA N MAURO	TRUSTEE	1.0	Director	$0	$0	$0
MATTHEW MCDONALD MD	TRUSTEE - VP/CMO	55.0	Director Key Emp	$360,562	$59,165	$419,727
WARREN E MOORE	TRUSTEE - PRESIDENT/CEO	55.0	Officer Director	$899,158	$452,235	$1,351,393
GLENN MORTIMER	TRUSTEE	1.0	Director	$0	$0	$0
GEOFFREY PERSELAY	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN M ROSENBERG ESQ	TRUSTEE	1.0	Director	$0	$0	$0
PHILIP SALERNO III	TRUSTEE - PRES/CDO FOUNDATION	55.0	Director	$430,344	$38,324	$468,668
ROBERT L SMARTT	TRUSTEE	1.0	Director	$0	$0	$0
FRED TEWELL	TRUSTEE	1.0	Director	$0	$0	$0
VICTORIA WICKS	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH J DOBOSH JR MBA	VP/CFO	55.0	Officer	$415,013	$88,774	$503,787
CHARLES CHIANESE MBA	VP/COO	55.0	Officer	$403,570	$128,722	$532,292
CHRISTOPHER HAINES DO FACEP	VP/CMO (TERMED 6/12/18)	55.0	Key Emp	$850,888	$5,362	$856,250
MICHAEL R DRIBBON PHD	VP/BUS DEVELOP/CRO	55.0	Key Emp	$416,250	$120,755	$537,005
BONNIE ALTIERI PHD RN	VP PATIENT CARE SERVICES/CNO	55.0	Key Emp	$333,975	$124,112	$458,087
WILLIAM J DWYER	VP/CHIEF HR OFF.(TERM 3/11/18)	55.0	Key Emp	$310,937	$1,176	$312,113
RUTH K BASH	VP/CHIEF CULTURE/CHIEF HR OFF	55.0	Key Emp	$255,533	$60,948	$316,481
COLIN R O'REILLY MD	SECTION CHIEF IP PEDIATRICS	50.0	Highest	$331,144	$29,340	$360,484
KRISHAN YALAMANCHI MD	DIRECTOR BRAIN INJURY PROGRAM	50.0	Highest	$264,787	$26,894	$291,681
ELVIRA DOWNS MD	SECTION CHIEF PSYCHIATRY	50.0	Highest	$264,430	$18,725	$283,155
PATRICIA D FOLEY PT FACHE	VP OUTPATIENT SERVICES	50.0	Highest	$248,308	$86,797	$335,105
ANNA MALIA BECKWITH MD	SECTION CHIEF NEURODEVELOPMENT	50.0	Highest	$246,622	$36,889	$283,511

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
2018	$148,126,429	$142,085,023	$192,429,420	$6,041,406