Children's Hospital Pediatric Associates Inc (EIN 431987409) - 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

2002

Legal Domicile

Principal Officer

Wendy K Chung MD PhD

Phone

6179192800

Tax Period

2023-10-01 to 2024-09-30

Children's Hospital Pediatric Associates Inc, founded in 2002, is a major nonprofit in the Health Care sector that reported $454.9M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $414.4M left a modest 9% surplus.

Mission

The Foundation provides medical, health care services, and educational services to (see Schedule O) Boston Children's Hospital and Harvard Medical School. The Foundation also provides care for patients in need of health care services, regardless of their ability to pay, as well as providing community based services.

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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 $1,091,390

Program Service Revenue $390,547,597

Investment Income $63,218,226

Other Revenue $0

TOTAL REVENUE $454,857,213

Expense Breakdown

Grants Paid $30,013,508

Salaries & Benefits $319,990,360

Fundraising Expenses $0

Program Expenses $373,564,681

Other Expenses $64,418,933

TOTAL EXPENSES $414,422,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$454,857,213	$392,458,224	+0.2%
Expenses	$414,422,801	$362,805,646	+0.1%
Net Income	$40,434,412	$29,652,578	+0.4%

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

596

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

$1,885,304

Total Directors

$11,863,157

Key Employees

$525,625

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vincent W Chiang MD	Treasurer/Clerk	60.00	Officer Director	$728,672	$73,662	$802,334
Richard G Bachur MD	Trustee	45.00	Director	$828,216	$101,796	$930,012
Joel N Hirschhorn MD PhD	Trustee	60.00	Director	$400,501	$93,544	$494,045
Anne M Stack MD	Trustee	60.00	Director	$427,236	$55,226	$482,462
Stella Kourembanas MD	Trustee	60.00	Director	$549,619	$105,556	$655,175
Frederick H Lovejoy Jr MD	Trustee	60.00	Director	$0	$0	$0
Joanne E Cox MD	Trustee	60.00	Director	$339,554	$86,544	$426,098
Christopher P Landrigan MD MPH	Trustee	60.00	Director	$419,703	$92,832	$512,535
Stephen C Harrison PhD	Trustee	60.00	Director	$0	$0	$0
Dennis H Kim MD PhD	Trustee	60.00	Director	$504,743	$93,544	$598,287
David A Williams MD	Trustee	60.00	Director	$591,265	$73,796	$665,061
Christopher A Walsh MD PhD	Trustee	60.00	Director	$72,087	$74,288	$146,375
Friedhelm Hildebrandt MD	Trustee	60.00	Director	$509,652	$74,544	$584,196
Michael SD Agus MD	Trustee	60.00	Director	$508,478	$98,344	$606,822
William J Barbaresi MD	Trustee	60.00	Director	$410,209	$91,834	$502,043
Benjamin A Raby MD PhD	Trustee	60.00	Director	$473,053	$85,360	$558,413
Scott B Snapper MD PhD	Trustee	60.00	Director	$659,317	$92,544	$751,861
Wanda Phipatanakul MD MS	Trustee	60.00	Director	$359,120	$69,212	$428,332
Peter A Nigrovic MD	Trustee	60.00	Director	$583,278	$54,449	$637,727
Amy D Divasta MD MMSc	Trustee	60.00	Director	$428,073	$69,212	$497,285
Wendy K Chung MD PhD	President	55.00	Officer Director	$1,029,489	$53,481	$1,082,970
Sharon J Levy MD MPH	Trustee	60.00	Director	$428,288	$72,836	$501,124
N/A	Institutional Trustee	2.00		$0	$0	$0
William Tarvainen	Chief Operations Officer (10/23-12/23)	60.00	Key Emp	$424,219	$101,406	$525,625
Sara Toomey MD	Physician	60.00	Highest	$615,235	$73,662	$688,897
Gregory Young MD	Physician	55.00	Highest	$515,844	$69,210	$585,054
Alejandro Flores MD	Physician	60.00	Highest	$468,722	$73,796	$542,518
Patricia Ellen Grant MD	Physician	60.00	Highest	$506,382	$72,210	$578,592
Kenneth Mandl MD	Physician	60.00	Highest	$589,425	$94,153	$683,578
Gary R Fleisher MD	Former President	55.00		$715,583	$70,413	$785,996

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	$454,857,213	$414,422,801	$674,975,207	$40,434,412
2023	$392,458,224	$362,805,646	$614,577,810	$29,652,578
2022	$378,194,638	$313,362,667	$526,952,459	$64,831,971
2021	$336,951,533	$346,803,866	$604,665,745	$-9,852,333
2020	$280,805,919	$293,716,264	$573,330,148	$-12,910,345
2019	$298,954,060	$289,476,773	$521,654,603	$9,477,287
2018	$299,491,963	$282,302,548	$497,995,407	$17,189,415

Children's Hospital Pediatric Associates Inc