AKRON CHILDREN'S HOSPITAL FOUNDATION (EIN 237114013) - 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

1971

Legal Domicile

Principal Officer

MICHELE BROWN

Phone

3305438340

Tax Period

2023-01-01 to 2023-12-31

AKRON CHILDREN'S HOSPITAL FOUNDATION, founded in 1971, is a mid-sized nonprofit in the Health Care sector that reported $44.5M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25.7M, a strong 58% operating margin.

Mission

AKRON CHILDREN'S HOSPITAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON. ITS PURPOSE IS TO SOLICIT GIFT FROM DONORS.

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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 $18,795,050

Program Service Revenue $0

Investment Income $25,732,745

Other Revenue $-20,138

TOTAL REVENUE $44,507,657

Expense Breakdown

Grants Paid $12,729,806

Salaries & Benefits $4,246,376

Fundraising Expenses $5,823,778

Program Expenses $12,729,806

Other Expenses $1,791,547

TOTAL EXPENSES $18,767,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,507,657	$22,003,424	+1.0%
Expenses	$18,767,729	$19,510,246	0.0%
Net Income	$25,739,928	$2,493,178	+9.3%

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

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

Volunteers

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

$4,191,688

Total Directors

$5,011,920

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER GESSNER	PRESIDENT	1.50	Officer Director	$0	$321,825	$1,731,474
ALICIA LAMANCUSA	DIRECTOR - ASST TREASURER	2.00	Officer Director	$0	$59,086	$528,844
MICHELE BROWN	VICE PRESIDENT OF DEVELOPMENT	50.00	Officer Director	$403,570	$87,211	$490,781
BRUCE COHEN MD	DIRECTOR/CHAIR NEURODEVELOPMENT	1.00	Director	$0	$68,225	$662,828
SHEFALI MAHESH MD	DIRECTOR/CHAIR OF PEDIATRICS	1.00	Director	$0	$51,741	$722,438
GORDON EDWARDS	OFFICER/TREASURER	2.00	Officer Director	$0	$85,888	$875,555
MARK W OELSCHLAGER	DIRECTOR/CHAIR OF BOARD	12.00	Officer Director	$0	$0	$0
KEVIN J HELMICK	OFFICER/VICE CHAIR	2.00	Officer Director	$0	$0	$0
BETH R SPAIN	OFFICER/SECRETARY	2.00	Officer Director	$0	$0	$0
VIRGINIA ADDICOTT	DIRECTOR/CHMCA CHAIR	1.00	Director	$0	$0	$0
LOUIS LOU M ALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALEXA SWEENEY BLACKANN	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA DEB A CALEVICH	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY B CLEPPER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES CHUCK A CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS R CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
GARY J DIDADO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL M DUTTON ESQ	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
MARCI M MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
MARSHALL C MURDOUGH	DIRECTOR	1.00	Director	$0	$0	$0
IRENE M PREZELJ	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM A SCALA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES M SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY J SCOTT	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
PEG L STALTER	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
PAUL N THOMARIOS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID G TISCH	DIRECTOR	1.00	Director	$0	$0	$0
MARLENE K TOOT	DIRECTOR	1.00	Director	$0	$0	$0
LINDA A VENNER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN C WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM C WALDMAN SR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MYERS	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS PETITO	DIRECTOR	1.00	Director	$0	$0	$0
ANTHEA DANIELS	ASST SEC - CHIEF LEGAL OFFICER - PART YEAR	2.00	Officer	$0	$8,737	$565,034
LUANN MAYNARD	SENIOR DIRECTOR DEVELOPMENT	50.00	Highest	$138,300	$11,636	$149,936
MACHELLE SYX	DIRECTOR CORPORATE ALLIANCES	50.00	Highest	$130,611	$22,836	$153,447
MEGAN HOPPER	VICE PRESIDENT PRINCIPAL GIVING	50.00	Highest	$172,412	$38,082	$210,494
JOHN LAGUARDIA	SENIOR DIRECTOR DEVLEOPMENT	50.00	Highest	$126,487	$3,672	$130,159
NICOLE MONTESANO	SENIOR DIRECTOR DEVELOPMENT OPERATIONS	50.00	Highest	$143,135	$24,172	$167,307

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	$44,507,657	$18,767,729	$165,955,556	$25,739,928
2022	$22,003,424	$19,510,246	$198,531,674	$2,493,178
2021	$32,651,405	$16,184,925	$226,447,307	$16,466,480
2020	$25,808,946	$12,282,003	$197,149,117	$13,526,943
2019	$21,868,402	$13,147,200	$163,361,840	$8,721,202
2018	$23,163,355	$10,783,457	$133,211,404	$12,379,898

AKRON CHILDREN'S HOSPITAL FOUNDATION