Children's Hospital of Chicago Medical Center (EIN 363357004) - 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

1984

Legal Domicile

Phone

3122277133

Tax Period

2023-09-01 to 2024-08-31

Children's Hospital of Chicago Medical Center, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $72.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER IS COMMITTED TO ESTABLISHING, DEVELOPING, PROMOTING AND CONDUCTING EDUCATIONAL PROGRAMS, SCIENTIFIC RESEARCH, HEALTHCARE FACILITIES AND CHARITABLE AND EDUCATIONAL ACTIVITIES DEVOTED TO HEALTH AND WELFARE OF INFANTS AND CHILDREN.

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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 $20,071,461

Program Service Revenue $52,461,032

Investment Income $0

Other Revenue $0

TOTAL REVENUE $72,532,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,711,802

Fundraising Expenses $0

Program Expenses $71,398,916

Other Expenses $19,588,058

TOTAL EXPENSES $77,299,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,532,493	$61,916,858	+0.2%
Expenses	$77,299,860	$102,788,946	-0.2%
Net Income	$-4,767,367	$-40,872,088	-0.9%

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

335

Volunteers

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

$4,153,521

Total Directors

$3,434,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas P Shanley MD	Ex-Officio Director/President & CEO LCH	1.0	Officer Director	$0	$631,672	$2,532,881
Alfreda Bradley-Coar	Director	1.0	Director	$0	$0	$0
Andrew N Reyes	Director	1.0	Director	$0	$0	$0
Barbara Sullivan	Director	1.0	Director	$0	$0	$0
Betsy B Rosenfield	Director	1.0	Director	$0	$0	$0
Brendan F Carroll	Director	1.0	Director	$0	$0	$0
Brian D Price	Director	1.0	Director	$0	$0	$0
Bruce R Hague	Director	1.0	Director	$0	$0	$0
Bruce S Saltzberg	Director	1.0	Director	$0	$0	$0
Carl S Allegretti	Director	1.0	Director	$0	$0	$0
Christopher S Segal	Director	1.0	Director	$0	$0	$0
Craig C Martin	Director	1.0	Director	$0	$0	$0
Daniel J Murphy	Director	1.0	Director	$0	$0	$0
David A Garfield	Director	1.0	Director	$0	$0	$0
David A Helfand	Director	1.0	Director	$0	$0	$0
Deidra Merriwether	Director	1.0	Director	$0	$0	$0
Dennis J Drescher	Director	1.0	Director	$0	$0	$0
Donald J Edwards	Director	1.0	Director	$0	$0	$0
Earl Cheng MD	Director	1.0	Director	$0	$82,034	$901,751
Edward J Wehmer	Director	1.0	Director	$0	$0	$0
Elizabeth A Engelmann	Director	1.0	Director	$0	$0	$0
Eric S Smith	Director	1.0	Director	$0	$0	$0
Frank R Jimenez	Director Begin 8/22/24	1.0	Director	$0	$0	$0
H Thomas Watkins III	Director & Vice Chair	1.0	Director	$0	$0	$0
Honey Jacobs Skinner	Director	1.0	Director	$0	$0	$0
James F Derose	Director	1.0	Director	$0	$0	$0
Janet L Malzone	Director	1.0	Director	$0	$0	$0
John H Simpson	Director	1.0	Director	$0	$0	$0
John J Greisch	Director	1.0	Director	$0	$0	$0
John W Rutledge	Director	1.0	Director	$0	$0	$0
Jonathan R Levin	Director	1.0	Director	$0	$0	$0
Karen Sauder	Director & Vice Chair	1.0	Director	$0	$0	$0
Karuna Rawal	Director	1.0	Director	$0	$0	$0
Katherine A Lindberg	Director Begin 3/21/24	1.0	Director	$0	$0	$0
Keating Crown	Director	1.0	Director	$0	$0	$0
Kevin W Burke	Director	1.0	Director	$0	$0	$0
Kristin Finney-Cooke	Director	1.0	Director	$0	$0	$0
Margaret B Stineman	Ex-Officio Director Begin 7/1/24	1.0	Director	$0	$0	$0
Mark A Hoppe	Director	1.0	Director	$0	$0	$0
Martin Kaplan	Director Through 12/14/23	1.0	Director	$0	$0	$0
Maureen Seaman	Ex-Officio Director Through 7/1/24	1.0	Director	$0	$0	$0
Michael M Larsen	Director	1.0	Director	$0	$0	$0
Michael P Goldman	Director	1.0	Director	$0	$0	$0
Michael S Hollander	Director	1.0	Director	$0	$0	$0
Mohan P Rao PhD	Director	1.0	Director	$0	$0	$0
Peter J Bulgarelli	Director	1.0	Director	$0	$0	$0
Robert L Verigan	Director	1.0	Director	$0	$0	$0
Robert S Murley	Director	1.0	Director	$0	$0	$0
Roxanne Martino	Director & Chair	1.0	Director	$0	$0	$0
Stephen A Smith	Director	1.0	Director	$0	$0	$0
Susan L Lees	Director	1.0	Director	$0	$0	$0
Suzet McKinney	Director	1.0	Director	$0	$0	$0
Thomas E O'Neill	Director	1.0	Director	$0	$0	$0
Thomas S Souleles	Director	1.0	Director	$0	$0	$0
Veronica Gomez	Director	1.0	Director	$0	$0	$0
W Brennan Smith	Director	1.0	Director	$0	$0	$0
William J Mckenna	Director	1.0	Director	$0	$0	$0
Yiannis Katsogridakis MD	Ex-Officio Director	1.0	Director	$0	$0	$0
Zaldwaynaka Scott	Director	1.0	Director	$0	$0	$0
Alex P Miller	SVP, Chief Financial Officer	1.0	Officer	$0	$43,308	$744,798
Fatema Zanzi	EVP, Chief Admin & Legal Officer, Corp Sec (begin 01/09/24)	1.0	Officer	$0	$149,202	$875,842
Ali Shaibani MD	Physician	40.0	Highest	$672,248	$51,686	$723,934
Cynthia K Rigsby MD	Physician	40.0	Highest	$838,145	$198,240	$1,036,385
Elizabeth J Perlman MD	Physician Through 4/15/24	40.0	Highest	$864,714	$50,770	$915,484
John T Walkup MD	Physician	40.0	Highest	$862,333	$156,957	$1,019,290
Safwan S Halabi MD	Physician	40.0	Highest	$557,174	$63,912	$621,086
Brenda Davis	Former Interim Chief Financial Officer Through 2/6/23	0.0		$0	$32,383	$402,417

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	$72,532,493	$77,299,860	$20,133,146	$-4,767,367
2023	$61,916,858	$102,788,946	$31,736,955	$-40,872,088
2022	$101,529,435	$61,569,216	$62,705,026	$39,960,219
2021	$57,761,963	$56,014,742	$24,114,054	$1,747,221
2020	$50,855,093	$55,592,883	$11,134,709	$-4,737,790
2019	$51,717,487	$51,260,013	$14,026,467	$457,474
2018	$49,359,657	$47,847,383	$14,479,048	$1,512,274

Children's Hospital of Chicago Medical Center