Convalescent Hospital Fund for Children

EIN: 310536649 501(c)(3) Health Care

Cincinnati, OH

Total Revenue
$12,977,218
Total Expenses
$11,936,232
Total Assets
$228,920,601
Net Assets
$228,598,730
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Financial Trends

Organization Details

Formation Year
1833
Legal Domicile
OH
Phone
5138031106
Tax Period
2024-07-01 to 2025-06-30

Convalescent Hospital Fund for Children, founded in 1833, is a mid-sized nonprofit in the Health Care sector that reported $13.0M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $11.9M left a modest 8% surplus.

Mission

THE PURPOSE OF CONVALESCENT HOSPITAL FUND FOR CHILDREN IS TO PROVIDE FINANCIAL SUPPORT AND OTHERWISE OPERATE FOR THE BENEFIT AND SUPPORT OF CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER. CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER'S MISSION IS TO IMPROVE CHILD HEALTH AND TRANSFORM DELIVERY OF CARE THROUGH FULLY INTEGRATED, GLOBALLY RECOGNIZED RESEARCH, EDUCATION AND INNOVATION. FOR PATIENTS FROM THE COMMUNITY, THE NATION AND THE WORLD, THE CARE PROVIDED WILL ACHIEVE THE BEST MEDICAL AND QUALITY OF LIFE OUTCOMES, PATIENT AND FAMILY EXPERIENCE AND VALUE, TODAY AND IN THE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $11,711,648 Revenue: $0

CONVALESCENT HOSPITAL FUND FOR CHILDREN ("CHFC") WAS FORMED FOR THE SOLE PURPOSE OF PROVIDING FINANCIAL SUPPORT TO CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER WHICH PARTICIPATES IN THE TREATMENT...

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CONVALESCENT HOSPITAL FUND FOR CHILDREN ("CHFC") WAS FORMED FOR THE SOLE PURPOSE OF PROVIDING FINANCIAL SUPPORT TO CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER WHICH PARTICIPATES IN THE TREATMENT OF, OR RESEARCH INTO, DISEASES OR DISORDERS AFFECTING CHILDREN. DURING CHFC'S FISCAL YEAR OF JULY 1, 2024, THROUGH JUNE 30, 2025 (THE YEAR COVERED BY THIS RETURN), CHFC PROVIDED FINANCIAL SUPPORT AMOUNTING TO $11,711,648 TO CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER ("CCHMC"), AN OHIO NOT-FOR-PROFIT PEDIATRIC HOSPITAL LOCATED IN HAMILTON COUNTY, OHIO. ONGOING FINANCIAL SUPPORT IS PROVIDED FROM EXPENDABLE INCOME RECEIVED FROM INVESTMENTS OF RESTRICTED AND UNRESTRICTED FUNDS AND SPECIAL COMMITMENTS ARE FUNDED FROM PRINCIPAL BALANCES OF UNRESTRICTED FUNDS. IT IS THE POLICY OF CHFC TO INVEST SUCH ASSETS, THEREBY INCREASING FUND PRINCIPAL AND ENHANCING FUTURE EXPENDABLE INCOME. CCHMC UTILIZED THE FINANCIAL SUPPORT FROM CHFC TO SUPPORT THE OPERATING COSTS OF ITS PEDIATRIC REHABILITATION PROGRAM, ADOLESCENT PSYCHIATRIC SERVICES PROGRAM, DISABILITY SERVICES PROGRAM, PSYCHOLOGY ADHERENCE PROGRAM, SPECIAL NEEDS CHILDREN PROGRAM, AND TO SUPPORT THE GENERAL MENTAL AND BEHAVIORAL HEALTH AND LONG-TERM CARE OPERATIONS OF CCHMC. CHFC PROVIDED ADDITIONAL SUPPORT TO CCHMC FOR THE CONSTRUCTION OF A NEW FACILITY AT THE COLLEGE HILL CAMPUS, WHICH PROVIDES A WIDE RANGE OF SERVICES FOR PATIENTS WITH PSYCHIATRIC, PSYCHOLOGIC, MENTAL AND BEHAVIORAL HEALTH NEEDS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $53,725
Program Service Revenue $0
Investment Income $12,923,493
Other Revenue $0
TOTAL REVENUE $12,977,218

Expense Breakdown

Grants Paid $11,711,648
Salaries & Benefits $0
Fundraising Expenses $7,500
Program Expenses $11,711,648
Other Expenses $224,584
TOTAL EXPENSES $11,936,232

Year-over-Year Comparison

2024 2023 Change
Revenue $12,977,218 $8,606,803 +0.5%
Expenses $11,936,232 $16,560,800 -0.3%
Net Income $1,040,986 $-7,953,997 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALMA HELPLING Treasurer 1.0
Officer Director
$0 $0 $0
DAVID CROALL SECRETARY 1.0
Officer Director
$0 $0 $0
MARIE HUENEFELD Vice-President 1.0
Officer Director
$0 $0 $0
PHILLIP C LONG President 1.0
Officer Director
$0 $0 $0
SUSAN SHELTON Chair 1.0
Officer Director
$0 $0 $0
Angela Barber-Joiner Trustee 1.0
Director
$0 $0 $0
C FRANCIS BARRETT Trustee 1.0
Director
$0 $0 $0
LEE A CARTER Trustee 1.0
Director
$0 $0 $0
MARIAN LEIBOLD Trustee 1.0
Director
$0 $0 $0
MARIANNE MILLER Trustee 1.0
Director
$0 $0 $0
MARK STEPANIAK Trustee 1.0
Director
$0 $0 $0
NANCY EIGEL-MILLER Trustee 1.0
Director
$0 $0 $0
NICK FARRELL Trustee 1.0
Director
$0 $0 $0
ROBERT D H ANNING Trustee 1.0
Director
$0 $0 $0
ROBERT H ANNING II Trustee 1.0
Director
$0 $0 $0
THOMAS WILLIAMS Trustee 1.0
Director
$0 $0 $0
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
2025 $12,977,218 $11,936,232 $228,920,601 $1,040,986
2024 No data No data No data No data
2023 $9,409,497 $15,707,201 $189,247,707 $-6,297,704
2022 $7,399,927 $11,961,865 $178,249,656 $-4,561,938
2021 $31,306,427 $6,531,418 $204,216,290 $24,775,009
2020 $18,645,877 $4,028,378 $157,077,184 $14,617,499
2019 $10,373,300 $4,015,515 $161,579,511 $6,357,785
2018 $12,786,247 $3,771,649 $145,697,555 $9,014,598
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