CHILDREN'S HOSPITAL

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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

1870

Legal Domicile

Principal Officer

MICHELLE RILEY-BROWN MHA

Phone

3015723502

Tax Period

2023-07-01 to 2024-06-30

CHILDREN'S HOSPITAL, founded in 1870, is a large national nonprofit in the Health Care sector that reported $1.7B in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.6B left a modest 4% surplus.

Mission

ORGANIZATION'S MISSION TO IMPROVE HEALTH OUTCOMES FOR CHILDREN; BE A LEADER IN CREATING INNOVATIVE SOLUTIONS TO PEDIATRIC HEALTHCARE PROBLEMS; AND EXCEL IN CARE, ADVOCACY, RESEARCH. AS THE NATION'S CHILDREN'S HOSPITAL, THE MISSION OF CHILDREN'S NATIONAL IS TO EXCEL IN CARE, ADVOCACY, RESEARCH AND EDUCATION. WE ACCOMPLISH THIS THROUGH: - PROVIDING A QUALITY HEALTH CARE EXPERIENCE FOR OUR PATIENTS AND FAMILIES. - IMPROVING HEALTH OUTCOMES FOR CHILDREN REGIONALLY, NATIONALLY, AND INTERNATIONALLY. - LEADING THE CREATION OF INNOVATIVE SOLUTIONS TO PEDIATRIC HEALTH CHALLENGES.

Program Service Accomplishments

Program 1

Expenses: $1,244,076,520 Revenue: $1,627,733,713

CHILDREN'S HOSPITAL DBA CHILDREN'S NATIONAL HOSPITAL OPERATES AN ACUTE CARE PEDIATRIC AND TEACHING FACILITY IN WASHINGTON, DC. THE HOSPITAL PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE...

CHILDREN'S HOSPITAL DBA CHILDREN'S NATIONAL HOSPITAL OPERATES AN ACUTE CARE PEDIATRIC AND TEACHING FACILITY IN WASHINGTON, DC. THE HOSPITAL PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES. CHILDREN'S NATIONAL MEDICAL CENTER DBA CHILDREN'S NATIONAL IS THE PARENT COMPANY OF THE HOSPITAL. CHILDREN'S NATIONAL AND ITS AFFILIATES PROVIDE HEALTHCARE SERVICES TO INFANTS, CHILDREN, AND YOUTH IN WASHINGTON, DC AND THE SURROUNDING METROPOLITAN AREA. SEE SCHEDULE H, PART VI FOR COMPLETE FY24 COMMUNITY BENEFIT REPORT.

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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 $68,530,658

Program Service Revenue $1,629,536,880

Investment Income $11,184,261

Other Revenue $9,560,079

TOTAL REVENUE $1,718,811,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $946,377,644

Fundraising Expenses $0

Program Expenses $1,244,076,520

Other Expenses $697,299,673

TOTAL EXPENSES $1,643,677,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,718,811,878	$1,562,231,931	+0.1%
Expenses	$1,643,677,317	$1,517,938,434	+0.1%
Net Income	$75,134,561	$44,293,497	+0.7%

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

9664

Volunteers

1232

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

$3,191,775

Total Directors

$859,008

Key Employees

$11,219,235

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE RILEY-BROWN	PRESIDENT/CEO FROM 07/23	43.00	Officer Director	$843,121	$15,887	$859,008
AMY FREEMAN	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
PAUL KALB MD	BOARD VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ELLIE HAMBURGER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTENCIA HAWKINS-BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY GEN LEDECKY	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA LELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHA REGENSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
HORACIO ROZANSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY STOUCK	BOARD MEMBER	1.00	Director	$0	$0	$0
IVY WAFFORD DUKE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALDWIN LINDSAY	EVP/CFO	37.00	Officer	$1,138,312	$135,445	$1,273,757
MARY ANNE HILLIARD	EVP/CHIEF LEGAL OFFICER	38.00	Officer	$932,977	$126,033	$1,059,010
ANTHONY SANDLER MD	SVP CENTER OF EXCELLENCE	45.00	Key Emp	$1,577,071	$212,681	$1,789,752
DAVID WESSEL MD	CHIEF MEDICAL OFFICER	53.00	Key Emp	$1,250,087	$54,492	$1,304,579
DEANN MARSHALL	PRESIDENT OF FOUNDATION	1.00	Key Emp	$1,019,162	$104,508	$1,123,670
ELIZABETH WELLS	SVP CENTER OF EXCELLENCE	54.00	Key Emp	$656,503	$48,270	$704,773
NATHANIEL BEERS MD	PRESIDENT OF HSC	1.00	Key Emp	$843,320	$134,498	$977,818
MICHELLE M MCGUIRE	CHIEF STRATEGY OFFICER TO 12/23	54.00	Key Emp	$864,599	$139,462	$1,004,061
CHARLES WEINSTEIN	CHIEF REAL ESTATE OFFICER TO 12/23	54.00	Key Emp	$955,553	$49,442	$1,004,995
MATTHEW MACVEY	CHIEF INFO OFFICER	54.00	Key Emp	$763,612	$136,889	$900,501
LINDA TALLEY	CHIEF NURSING OFFICER	54.00	Key Emp	$762,525	$106,486	$869,011
VITTORIO GALLO PHD	CHIEF RESEARCH OFFICER TO 09/23	15.00	Key Emp	$818,162	$26,801	$844,963
CATHERINE CODISPOTI MD	CHIEF PEOPLE OFFICER TO 10/23	54.00	Key Emp	$652,532	$42,580	$695,112
YVES D'UDEKEM D'ACOZ MD	CHIEF OF CARDIO SURGERY	55.00	Highest	$2,329,784	$47,484	$2,377,268
ROBERT KEATING MD	CHIEF OF NEUROSURGERY	54.00	Highest	$1,191,135	$43,839	$1,234,974
JOHN S MYSEROS	ASSOC. CHIEF OF NEUROSURGERY	55.00	Highest	$989,680	$37,863	$1,027,543
TIMOTHY KANE MD	CHIEF OF PEDIATRIC SURGERY	55.00	Highest	$1,139,684	$49,184	$1,188,868
MARK L BATSHAW MD	SENIOR INVESTIGATOR	53.00	Highest	$1,035,577	$38,308	$1,073,885
KURT D NEWMAN MD	FORMER PRESIDENT / CEO (CNMC)	54.00		$3,000,204	$46,404	$3,046,608
DENICE CORA-BRAMBLE MD	FMR CHIEF MEDICAL OFFICER	54.00		$319,655	$37,324	$356,979
KATHLEEN CHAVANU GORMAN	FORMER CHIEF OPERATING OFFICER	52.00		$1,259,773	$143,036	$1,402,809
ROGER PACKER MD	FORMER SVP CENTER OF EXCELLENCE	53.00		$921,243	$47,984	$969,227

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
2025	No data	No data	No data	No data
2024	$1,718,811,878	$1,643,677,317	$2,333,479,544	$75,134,561
2023	$1,562,231,931	$1,517,938,434	$2,228,485,013	$44,293,497
2022	$1,445,706,687	$1,416,408,271	$2,196,591,270	$29,298,416
2021	$1,322,928,528	$1,281,104,921	$2,170,063,672	$41,823,607
2020	$1,276,889,659	$1,238,728,980	$1,849,683,254	$38,160,679
2019	$1,206,501,099	$1,159,729,900	$1,544,265,180	$46,771,199
2018	$1,155,680,459	$1,085,244,047	$1,484,417,571	$70,436,412