CHILDREN'S HEALTH CARE SERVICES INC

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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

1994

Legal Domicile

Principal Officer

BRENDA MCCORMICK

Phone

6128136000

Tax Period

2023-01-01 to 2023-12-31

CHILDREN'S HEALTH CARE SERVICES INC, founded in 1994, is a community nonprofit in the Health Care sector that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 28% operating margin.

Mission

WE SERVE THE COMMUNITY'S CHILDREN AS A SPECIALTY PEDIATRIC AMBULATORY SURGERY CENTER AND DIAGNOSTIC AND TREATMENT FACILITY.

Program Service Accomplishments

Program 1

Expenses: $5,677,006 Revenue: $8,661,639

CHILDREN'S HEALTH CARE SERVICES, INC. (CHILDREN'S MINNETONKA) PROVIDES STATE-OF-THE-ART, COMPASSIONATE PEDIATRIC SPECIFIC OUTPATIENT CARE. OUR FACILITIES AND SERVICES ARE DESIGNED EXCLUSIVELY FOR THE NEEDS OF CHILDREN AND THEIR FAMILIES. OUR MEDICAL EQUIPMENT IS TAILORED TO FIT CHILDREN, AND OUR STAFF IS TRAINED AND EXPERIENCED TO CARE FOR THE SPECIAL PHYSICAL AND EMOTIONAL NEEDS OF CHILDREN. WE PROVIDE A LOWER COST ENVIRONMENT AND OPTION TO THE COMMUNITY WE SERVE THAN WHAT CAN GENERALLY BE PROVIDED IN A HOSPITAL SETTING.CHILDREN'S MINNETONKA PERFORMED 2,646 OUTPATIENT SURGICAL CASES AND 3,907 RADIOLOGY AND SPECIAL DIAGNOSTIC TESTS.

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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 $8,662,343

Investment Income $2,000

Other Revenue $345,704

TOTAL REVENUE $9,010,047

Expense Breakdown

Grants Paid $15,402

Salaries & Benefits $3,129,957

Fundraising Expenses $0

Program Expenses $5,677,006

Other Expenses $3,358,908

TOTAL EXPENSES $6,504,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,010,047	$5,554,028	+0.6%
Expenses	$6,504,267	$3,582,982	+0.8%
Net Income	$2,505,780	$1,971,046	+0.3%

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

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

$5,322,921

Total Directors

$3,287,683

Key Employees

$1,627,944

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC GORELICK MD	PRESIDENT & CEO	1.00	Officer Director	$0	$356,578	$2,089,091
BRENDA MCCORMICK	SVP AND CFO	1.00	Officer Director	$0	$44,336	$960,368
AARON BOUW	BOARD SECRETARY & SR DIR, FINANCIAL REPORTING	1.00	Officer Director	$0	$18,331	$238,224
GARY BLACKFORD	VICE CHAIR THRU MAR 2023	1.00	Officer Director	$0	$0	$0
MATTHEW BILUNAS	TREASURER THRU AUG 2023	1.00	Officer Director	$0	$0	$0
ARCHELLE GEORGIOU	BOARD MEMBER, BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JJ KUHN	BOARD MEMBER, CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
JEFF VON GILLERN	BOARD MEMBER, TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER OLSON MARKET	SVP & COO THRU SEPT 2023	1.00	Officer	$0	$860,360	$2,035,238
TIM LANDER	CHIEF OF SURGERY	3.00	Key Emp	$27,094	$31,184	$573,064
WILLIAM MIZE	MEDICAL DIRECTOR OF RADIOLOGY	3.00	Key Emp	$40,161	$31,184	$834,399
BRENDA BECKWITH	SR DIRECTOR PERIOPERATIVE SVCS	13.00	Key Emp	$46,486	$34,535	$220,481
ASHLEY RUE	MANAGER SURGERY CENTER	50.00	Highest	$122,689	$26,398	$149,087

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
2023	$9,010,047	$6,504,267	$28,821,258	$2,505,780
2022	$5,554,028	$3,582,982	$26,248,064	$1,971,046
2021	$1,602,717	$498,632	$24,230,614	$1,104,085
2020	$3,605,169	$4,945,689	$23,628,579	$-1,340,520
2019	$10,220,170	$7,638,434	$24,875,612	$2,581,736
2018	$11,269,530	$8,750,823	$22,150,621	$2,518,707