CHMC COMMUNITY HEALTH SERVICES NET… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

JEFFREY ANDERSON

Phone

5138031106

Tax Period

2023-07-01 to 2024-06-30

CHMC COMMUNITY HEALTH SERVICES NETWORK, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $23.5M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $29.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

CHMC COMMUNITY HEALTH SERVICES NETWORK ("CHSN") IS ORGANIZED AND OPERATED EXCLUSIVELY TO SUPPORT CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER ("CCHMC") IN CCHMC'S EFFORTS TO PROVIDE MEDICAL SERVICES TO ALL OF THE CHILDREN IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $29,318,681 Revenue: $23,489,257

CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER ("CCHMC") IS DEVOTED TO PROVIDING MEDICAL SERVICES TO ALL OF THE CHILDREN IN THE COMMUNITY. CHMC COMMUNITY HEALTH SERVICES NETWORK ("CHSN") IS ORGANIZED AND OPERATED EXCLUSIVELY TO SUPPORT CCHMC IN THIS EFFORT BY REACHING OUT TO CHILDREN AND THEIR FAMILIES IN NEIGHBORHOODS OF OUR COMMUNITY. CHSN SERVES AS THE STRUCTURE FOR BRINGING MEDICAL PROFESSIONALS WHO SHARE THE VISION OF PROVIDING QUALITY MEDICAL CARE TO CHILDREN AND FAMILIES IN THE NEIGHBORHOODS IN WHICH THEY LIVE. CHSN CARRIES OUT ITS CHARITABLE PURPOSES BY SEEKING AND HIRING SUCH "MISSION ORIENTED PHYSICIANS. IN ADDITION, CHSN WILL MAKE MEDICAL PROFESSIONALS AN INTEGRAL PART OF THESE NEIGHBORHOODS BY ESTABLISHING SITES WITHIN THESE COMMUNITIES WHERE RESIDENT PHYSICIANS WILL WORK. THE RESIDENT PHYSICIANS WILL BE ABLE TO LEARN MORE ABOUT THE PATIENTS THEY SEEK TO SERVE AND THEREBY PROVIDE BETTER SERVICE TO THEM. FURTHERMORE, IN ORDER TO ENSURE ITS GOALS ARE MET, CHSN WILL ACT AS A LIAISON BETWEEN THE NEIGHBORHOODS AND CCHMC, AND WILL FOCUS ON HOW TO BEST MEET THE UNIQUE NEEDS OF ALL CHILDREN IN NEIGHBORHOODS OF OUR COMMUNITY.

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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 $0

Program Service Revenue $23,174,021

Investment Income $0

Other Revenue $315,236

TOTAL REVENUE $23,489,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,318,681

Other Expenses $29,318,681

TOTAL EXPENSES $29,318,681

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,489,257	$18,223,020	+0.3%
Expenses	$29,318,681	$23,824,198	+0.2%
Net Income	$-5,829,424	$-5,601,178	+0.0%

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

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

$1,764,256

Total Directors

$4,989,781

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVALINE ALESSANDRINI	TRUSTEE	1.00	Director	$0	$71,443	$1,390,769
PAUL JENNY	TRUSTEE	1.00	Director	$0	$198,766	$1,314,271
BARBARA TOFANI	TRUSTEE	1.00	Director	$0	$52,001	$1,048,767
JEFFREY ANDERSON MD	CHAIRMAN & PRESIDENT	1.00	Officer Director	$0	$114,724	$728,510
SAMIR SHAH MD	TRUSTEE	1.00	Director	$0	$74,567	$507,464
CAROLYN KARAGEORGES	TREASURER	1.00	Officer	$0	$88,874	$461,127
KIMBERLY KAAS	VP & COO	1.00	Officer	$0	$79,837	$375,881
ZACHARY HILLE	SECRETARY	1.00	Officer	$0	$31,783	$198,738
COURTNEY CAMPBELL SAXTON	FMR. SECRETARY	0.00		$0	$89,045	$473,259

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	No data	No data	No data	No data
2024	$23,489,257	$29,318,681	$12,009,487	$-5,829,424
2023	$18,223,020	$23,824,198	$13,055,917	$-5,601,178
2022	$15,001,488	$18,316,255	$11,198,714	$-3,314,767
2021	$9,408,441	$11,671,002	$12,286,300	$-2,262,561
2020	$4,023,879	$4,730,373	$2,212,625	$-706,494
2019	$4,066,538	$4,278,672	$2,055,863	$-212,134
2018	$3,637,859	$3,919,271	$2,044,543	$-281,412

CHMC COMMUNITY HEALTH SERVICES NETWORK