Children's Hospital Employees Foundation Council

EIN: 346610801 501(c)(3)

AKRON, OH

Total Revenue
$196,789
Total Expenses
$238,552
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
OH
Principal Officer
SPENCER KOWAL
Phone
3305438171
Tax Period
2019-01-01 to 2019-12-31

Children's Hospital Employees Foundation Council, founded in 1968, is a small nonprofit that reported $197K in total revenue in fiscal year 2019. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE PURPOSE OF THE CHILDREN'S HOSPITAL EMPLOYEE FOUNDATION ("EFC") IS TO COLLECT AND DISTRIBUTE FUNDS IN THE NAME OF THE EMPLOYEES OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON AND ITS AFFILIATED COMPANIES TO NOT FOR PROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $237,996

CHILDREN'S HOSPITAL EMPLOYEES FOUNDATION IS A NOT FOR PROFIT ORGANIZATION ORGANIZED, RUN AND SUPPORTED BY THE EMPLOYEES OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ("CHILDREN'S"). THE FOUNDATION...

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CHILDREN'S HOSPITAL EMPLOYEES FOUNDATION IS A NOT FOR PROFIT ORGANIZATION ORGANIZED, RUN AND SUPPORTED BY THE EMPLOYEES OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ("CHILDREN'S"). THE FOUNDATION SOLICITS AND RAISES FUNDS FROM CHILDREN'S EMPLOYEES. THE FUNDS RAISED ARE THEN DISTRIBUTED TO THE NOT FOR PROFIT ORGANIZATIONS THAT CHILDREN'S SERVES BASED ON THE RECOMMENDATIONS OF CHILDREN'S EMPLOYEES. FUNDS RAISED ARE ALSO USED TO AWARD SCHOLARSHIPS TO DESERVING DEPENDENT CHILDREN OF CHILDREN'S EMPLOYEES TO AIDE THEM IN ACHIEVING THEIR CAREER GOALS THROUGH HIGHER EDUCATION PROGRAMS. THE GRANTS PAID BY THE FOUNDATION PROVIDED SUPPORT TO OVER 200 VARIOUS LOCAL AND NOT-FOR-PROFIT CHARITIES. MEMBERS OF THE BOARD ARE EMPLOYEES OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON. MEMBERS OF THE BOARD ARE EMPLOYEES OF CHILDREN'S AND RECEIVE NO ADDITIONAL COMPENSATION FOR THEIR SERVICES ON THE FOUNDATION BOARD.

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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 (2019)

Revenue Breakdown

Contributions & Grants $299,339
Program Service Revenue $0
Investment Income $627
Other Revenue $-103,177
TOTAL REVENUE $196,789

Expense Breakdown

Grants Paid $237,996
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $237,996
Other Expenses $556
TOTAL EXPENSES $238,552

Year-over-Year Comparison

2019 2018 Change
Revenue $196,789 $260,554 -0.2%
Expenses $238,552 $251,993 -0.1%
Net Income $-41,763 $8,561 -5.9%
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
5
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
5
$283,360
Total Directors
5
$283,360
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN GARDNER-HILL CHAIRMAN 4.0
Officer Director
$0 $36,610 $71,945
TAMARA MULKEY SECRETARY 4.0
Officer Director
$0 $18,186 $59,996
MELISSA KRAGER CO-CHAIR 4.0
Officer Director
$0 $15,451 $56,764
PATRICIA THORP VICE-TREASURER 4.0
Officer Director
$0 $10,600 $50,884
KIMBERLY CATAZAROO TREASURER 4.0
Officer Director
$0 $3,701 $43,771
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
2019 $196,789 $238,552 No data $-41,763
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