CHILDREN'S HOSPITAL MEDICAL CENTER

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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

1883

Legal Domicile

Principal Officer

STEPHEN DAVIS

Phone

5138031106

Tax Period

2024-07-01 to 2025-06-30

CHILDREN'S HOSPITAL MEDICAL CENTER, founded in 1883, is a large national nonprofit in the Health Care sector that reported $3.6B in total revenue in fiscal year 2024. Expenses of $3.4B left a modest 6% surplus.

Mission

CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER WILL BE THE LEADER IN IMPROVING CHILD HEALTH. CINCINNATI CHILDREN'S WILL PROVIDE CHILD HEALTH AND TRANSFORM DELIVERY OF CARE THROUGH FULLY INTEGRATED, GLOBALLY RECOGNIZED RESEARCH, EDUCATION, AND INNOVATION. FOR PATIENTS AND OUR COMMUNITY, THE NATION AND THE WORLD, THE CARE WE PROVIDE WILL ACHIEVE THE BEST MEDICAL AND QUALITY OF LIFE OUTCOMES, PATIENT AND FAMILY EXPERIENCES, AND VALUE, TODAY AND IN THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $2,639,348,949 Revenue: $2,924,981,799

CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER ("CINCINNATI CHILDREN'S"), LOCATED IN CINCINNATI, OHIO, IS A PRIVATE, NOT-FOR-PROFIT IRC SEC. 501(C)(3) CORPORATION THAT OWNS AND OPERATES A...

CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER ("CINCINNATI CHILDREN'S"), LOCATED IN CINCINNATI, OHIO, IS A PRIVATE, NOT-FOR-PROFIT IRC SEC. 501(C)(3) CORPORATION THAT OWNS AND OPERATES A COMPREHENSIVE, ACADEMIC MEDICAL CENTER THAT INCLUDES ONE OF THE NATION'S LARGEST PEDIATRIC TERTIARY CARE FACILITIES WITH RESEARCH OPERATIONS AND EXTENSIVE PEDIATRIC TEACHING PROGRAMS. SEE SCHEDULE O FOR A COMPLETE OVERVIEW OF CINCINNATI CHILDREN'S COMMUNITY BENEFITS AND PROGRAM SERVICE ACCOMPLISHMENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $489,879,227

Program Service Revenue $2,876,835,558

Investment Income $48,982,921

Other Revenue $152,982,670

TOTAL REVENUE $3,568,680,376

Expense Breakdown

Grants Paid $7,673,803

Salaries & Benefits $2,167,036,814

Fundraising Expenses $11,036,700

Program Expenses $2,639,348,949

Other Expenses $1,188,420,706

TOTAL EXPENSES $3,363,161,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,568,680,376	$3,426,543,123	+0.0%
Expenses	$3,363,161,573	$3,205,428,772	+0.0%
Net Income	$205,518,803	$221,114,351	-0.1%

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

22512

Volunteers

465

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

$5,337,339

Total Directors

$6,103,510

Key Employees

$5,948,378

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE DAVIS MD	PRESIDENT & CEO	50.00	Officer Director	$2,737,353	$77,497	$2,814,850
DANIEL VON ALLMEN MD	SURGEON-IN-CHIEF (THROUGH 6/25)	50.00	Director	$1,878,397	$66,998	$1,945,395
TINA CHENG	CHAIR, PEDIATRICS	50.00	Director	$1,296,408	$46,857	$1,343,265
LIZA SMITHERMAN	TRUSTEE, CHAIR	4.00	Officer Director	$0	$0	$0
MARK BIEGGER	TRUSTEE / VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL HIRSCHFELD ESQ	TRUSTEE / VICE CHAIR (THROUGH 10/24)	1.00	Officer Director	$0	$0	$0
STACEY BROWNING	TRUSTEE / VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANDREW QUINN	TRUSTEE	1.00	Director	$0	$0	$0
BETH GUTTMAN	TRUSTEE (THROUGH 10/24)	1.00	Director	$0	$0	$0
CHIQUITA WHITE	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE BROWNER	TRUSTEE	1.00	Director	$0	$0	$0
DAN OSTILIE	SURGEON-IN-CHIEF (EFF. 6/25)	50.00	Director	$0	$0	$0
DARIN HALL	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CASSADY	TRUSTEE	4.00	Director	$0	$0	$0
DAVID OSBORN	TRUSTEE	1.00	Director	$0	$0	$0
GARY HUFFMAN	TRUSTEE	1.00	Director	$0	$0	$0
HILLARY WEIDNER	TRUSTEE	1.00	Director	$0	$0	$0
HOLLY COLLINSWORTH	TRUSTEE	1.00	Director	$0	$0	$0
JIM VANCE	TRUSTEE	4.00	Director	$0	$0	$0
JOEL STONE	TRUSTEE	1.00	Director	$0	$0	$0
KATE WHITE	TRUSTEE	1.00	Director	$0	$0	$0
KAY GEIGER	TRUSTEE	1.00	Director	$0	$0	$0
LAURA TOMLIN	TRUSTEE	4.00	Director	$0	$0	$0
PAMELA BRAILSFORD	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA WOOD	TRUSTEE / VICE CHAIR (EFF. 10/24)	4.00	Officer Director	$0	$0	$0
ROBERT TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
STUART AITKEN	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN SHELTON	TRUSTEE	4.00	Director	$0	$0	$0
SUSAN STREET WHALEY	TRUSTEE	1.00	Director	$0	$0	$0
TOM FINN	TRUSTEE	4.00	Director	$0	$0	$0
VADA HILL	TRUSTEE	1.00	Director	$0	$0	$0
PAUL JENNY	CFO & TREASURER	49.00	Officer	$1,262,048	$208,022	$1,470,070
ROBERT CARPENTER	SECRETARY, SVP & CLO	50.00	Officer	$923,502	$128,917	$1,052,419
EVALINE ALESSANDRINI	COO	49.00	Key Emp	$1,372,157	$73,010	$1,445,167
PETER ADEBI	SVP & CHRO	50.00	Key Emp	$894,831	$101,357	$996,188
TONY JOHNSTON	SVP & CIA	50.00	Key Emp	$760,145	$61,235	$821,380
BARBARA TOFANI	SVP-PATIENT SERVICES	49.00	Key Emp	$737,959	$55,879	$793,838
STEPHANIE EBKEN	SVP & CHIEF MARKETING OFFICER	50.00	Key Emp	$597,979	$124,578	$722,557
OLIVER RHINE	SVP & CSO	50.00	Key Emp	$553,693	$109,208	$662,901
KAREN FOOS	INTERIM SVP, CHRO	50.00	Key Emp	$428,904	$77,443	$506,347
DAVID MORALES MD	DIV. DIR, CARDIOLOGY	50.00	Highest	$2,968,640	$401,715	$3,370,355
CARL BACKER	FACULTY PROFESSOR	50.00	Highest	$1,644,536	$73,676	$1,718,212
MARCO RICCI MD	FACULTY PROFESSOR	50.00	Highest	$1,452,298	$53,990	$1,506,288
BRIAN COLEY	RADIOLOGIST-IN-CHIEF	50.00	Highest	$1,168,527	$66,291	$1,234,818
ANDREW REDINGTON MD	FMR. INSTITUTE DIRECTOR	50.00	Highest	$1,194,241	$36,554	$1,230,795
ROSLAND MCLEOD	FORMER OFFICER	50.00		$997,081	$12,496	$1,009,577
JOHN MCAULIFFE MD	FMR. KEY EMPLOYEE	50.00		$537,935	$35,274	$573,209

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	$3,568,680,376	$3,363,161,573	$10,710,948,904	$205,518,803
2024	$3,426,543,123	$3,205,428,772	$10,041,775,528	$221,114,351
2023	$3,123,028,251	$2,972,582,848	$9,089,728,145	$150,445,403
2022	$2,941,412,552	$2,794,974,659	$8,581,156,143	$146,437,893
2021	$2,804,594,715	$2,526,903,482	$8,563,028,123	$277,691,233
2020	$2,632,357,731	$2,477,803,190	$6,805,886,488	$154,554,541
2019	$2,614,076,252	$2,504,932,768	$6,457,499,425	$109,143,484
2018	$2,428,973,726	$2,350,218,945	$5,711,861,189	$78,754,781