CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION (EIN 320087353) - 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

2003

Legal Domicile

Principal Officer

ANDREW STEIN

Phone

3139646994

Tax Period

2024-01-01 to 2024-12-31

CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $31.0M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20.7M, a strong 67% operating margin.

Mission

TO SUPPORT PEDIATRIC RESEARCH, EDUCATION, COMMUNITY BENEFIT PROGRAMS, AND OTHER (SEE SCH O) INITIATIVES TO IMPROVE THE HEALTH OF CHILDREN IN MICHIGAN.

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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 $22,718,141

Program Service Revenue $0

Investment Income $9,889,720

Other Revenue $-1,634,293

TOTAL REVENUE $30,973,568

Expense Breakdown

Grants Paid $5,372,504

Salaries & Benefits $2,670,732

Fundraising Expenses $1,798,238

Program Expenses $6,222,841

Other Expenses $2,277,352

TOTAL EXPENSES $10,320,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,973,568	$17,571,638	+0.8%
Expenses	$10,320,588	$11,952,983	-0.1%
Net Income	$20,652,980	$5,618,655	+2.7%

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

250

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

$805,421

Total Directors

Key Employees

$156,816

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA MARGHERIO	SECRETARY - PART YEAR	1.00	Officer Director	$0	$0	$0
LUANNE EWALD	CHAIR	1.00	Officer Director	$0	$0	$0
CYNTHIA FORD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRED MINTURN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANDY ZALESKI	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE HYLANT	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
LIZABETH ARDISANA	TRUSTEE	1.00	Director	$0	$0	$0
MARY LU ANGELILLI	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
TOM CONSTAND	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
MATT FRIEDMAN	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
SEETHA SHANKARAN	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
RYAN RUZZICONI	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
JACK BAKER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BARKER	TRUSTEE	1.00	Director	$0	$0	$0
KARL BELL	TRUSTEE	1.00	Director	$0	$0	$0
MIKE BEN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE BLAHUNKA	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY BOCKART	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN CALKA	TRUSTEE	1.00	Director	$0	$0	$0
JIM CARR	TRUSTEE	1.00	Director	$0	$0	$0
AJAY CHAWLA	TRUSTEE	1.00	Director	$0	$0	$0
DAN CORNWELL	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN COTTON	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DAVIES	TRUSTEE	1.00	Director	$0	$0	$0
ZENNA ELHASAN	TRUSTEE	1.00	Director	$0	$0	$0
TERRY GARDNER	TRUSTEE	1.00	Director	$0	$0	$0
PETER GINOPOLIS	TRUSTEE	1.00	Director	$0	$0	$0
RICH HADDAD	TRUSTEE	1.00	Director	$0	$0	$0
GRETCHEN HOLLOWAY	TRUSTEE	1.00	Director	$0	$0	$0
LORRON JAMES	TRUSTEE	1.00	Director	$0	$0	$0
STEVE JBARA	TRUSTEE	1.00	Director	$0	$0	$0
MABLE JONES	TRUSTEE	1.00	Director	$0	$0	$0
LAURA KOWALCHIK	TRUSTEE	1.00	Director	$0	$0	$0
DAVID KWON	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD LEVY	TRUSTEE	1.00	Director	$0	$0	$0
SARAH MCDADE	TRUSTEE	1.00	Director	$0	$0	$0
ERIK MORGANROTH	TRUSTEE	1.00	Director	$0	$0	$0
ANITA PENTA	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL SHAHEEN	TRUSTEE	1.00	Director	$0	$0	$0
DONNELL WHITE	TRUSTEE	1.00	Director	$0	$0	$0
LYLE WOLBERG	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW STEIN	PRESIDENT AND CEO	40.00	Officer	$338,215	$35,863	$374,078
RICK DIBARTOLOMEO	VICE PRESIDENT OF FINANCE	40.00	Officer	$196,603	$26,663	$223,266
JODI L WONG	VICE PRESIDENT OF OPERATIONS	40.00	Officer	$192,918	$15,159	$208,077
BRIAN KILKELLY	CHIEF OF STAFF	40.00	Key Emp	$151,156	$5,660	$156,816
THERESE QUATTROCIOCCHI	SENIOR PROGRAM AND GRANTS OFFICER	40.00	Highest	$142,970	$25,232	$168,202
KELLY BRITTAIN	VICE PRESIDENT OF IMPACT	40.00	Highest	$132,482	$24,639	$157,121
CHRISTOPHER PERRY	EXECUTIVE DIRECTOR, JDF	40.00	Highest	$132,208	$27,997	$160,205
CHRISTINE CASOLI	VICE PRESIDENT OF DEVELOPMENT (FORMER)	40.00	Highest	$126,863	$17,889	$144,752
KARI RADJEWSKI	ASSOC DIRECTOR - MARKETING AND COMMUNICATIONS	40.00	Highest	$103,366	$12,402	$115,768

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	$30,973,568	$10,320,588	$165,103,861	$20,652,980
2023	$17,571,638	$11,952,983	$140,838,602	$5,618,655
2022	$11,546,203	$16,544,725	$120,534,198	$-4,998,522
2021	$18,796,884	$15,445,600	$153,035,262	$3,351,284
2020	$11,784,091	$12,183,633	$138,036,782	$-399,542
2019	$9,436,728	$11,850,104	$129,624,702	$-2,413,376
2018	$14,407,467	$10,311,657	$113,221,583	$4,095,810

CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION