Children's Hospital Of Chicago Faculty Practice Plan Inc

EIN: 363393780 501(c)(3)

CHICAGO, IL

Total Revenue
$27,775,325
Total Expenses
$29,264,296
Total Assets
$26,828,477
Net Assets
$26,815,105
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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
1985
Legal Domicile
IL
Phone
3122276410
Tax Period
2023-09-01 to 2024-08-31

Children's Hospital Of Chicago Faculty Practice Plan Inc, founded in 1985, is a mid-sized nonprofit that reported $27.8M in total revenue in fiscal year 2023.

Mission

FPP ENGAGES IN CHARITABLE ACTIVITIES TO ASSIST ANN & ROBERT H. LURIE CHILDREN'S HOSPITAL OF CHICAGO AND ITS AFFILIATES IN THEIR CLINICAL, RESEARCH, AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $10,379,647 Revenue: $27,804,674

FPP PROVIDES CREDENTIALING SERVICES FOR PHYSICIANS EMPLOYED BY THE AFFILIATES OF THE MEDICAL CENTER, ADMINISTRATION OF PHYSICIAN BENEFITS AND THIRD-PARTY REIMBURSEMENT CONTRACTING SERVICES FOR OVER...

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FPP PROVIDES CREDENTIALING SERVICES FOR PHYSICIANS EMPLOYED BY THE AFFILIATES OF THE MEDICAL CENTER, ADMINISTRATION OF PHYSICIAN BENEFITS AND THIRD-PARTY REIMBURSEMENT CONTRACTING SERVICES FOR OVER 750 PHYSICIAN MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,660,148
Investment Income $-29,349
Other Revenue $144,526
TOTAL REVENUE $27,775,325

Expense Breakdown

Grants Paid $10,220,241
Salaries & Benefits $899,286
Fundraising Expenses $0
Program Expenses $10,379,647
Other Expenses $18,144,769
TOTAL EXPENSES $29,264,296

Year-over-Year Comparison

2023 2022 Change
Revenue $27,775,325 $26,364,441 +0.1%
Expenses $29,264,296 $25,781,491 +0.1%
Net Income $-1,488,971 $582,950 -3.6%
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

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Governance

Voting Members
8
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
4
$3,884,863
Total Directors
10
$8,129,714
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth J Perlman MD Director Through 4/15/24/Treasurer/Chair Dept Path/Lab 1.0
Officer Director
$0 $50,770 $915,484
John T Walkup MD President/Director/Chair/Head Child Psy 1.0
Officer Director
$0 $156,957 $1,019,290
Matthew Davis MD Director Through 9/25/23/Vice Chair/Board Sec/Chair of Peds 1.0
Officer Director
$0 $33,000 $536,284
Thomas Inge MD Director/Chief of Surgery/Treasurer/Board Secretary 1.0
Officer Director
$0 $85,084 $1,413,805
Cynthia K Rigsby MD Director/Dept Head, Med Imaging 1.0
Director
$0 $198,240 $1,036,385
Earl Cheng MD Director/Physician 1.0
Director
$0 $82,034 $901,751
Estella Alonso MD Director/Physician/Vice Chair 1.0
Director
$0 $39,085 $519,736
Oluwatoyin Olutoye MD Director/Physician 1.0
Director
$0 $31,472 $1,030,145
Priya Verghese MD Director Begin 9/25/23/Physician 1.0
Director
$0 $74,447 $491,305
Shannon Heldt PhD Director Begin 6/30/24/SVP & Chief of Pathology and Lab Medicine 1.0
Director
$0 $23,858 $265,529
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 No data No data No data No data
2024 $27,775,325 $29,264,296 $26,828,477 $-1,488,971
2023 $26,364,441 $25,781,491 $26,063,308 $582,950
2022 $28,504,248 $23,741,437 $25,046,408 $4,762,811
2021 $28,193,203 $21,665,113 $22,288,566 $6,528,090
2020 $24,966,990 $20,188,959 $18,745,783 $4,778,031
2019 $21,229,132 $19,706,158 $16,286,877 $1,522,974
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