CHILDREN'S HOSPITAL

EIN: 530196580 501(c)(3) Health Care

WASHINGTON, DC

Total Revenue
$1,718,811,878
Total Expenses
$1,643,677,317
Total Assets
$2,333,479,544
Net Assets
$965,304,820
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1870
Legal Domicile
DC
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

FIRST CLASS OR CHARTER TRAVEL THE CEO PER HER EMPLOYMENT CONTRACT IS ENTITLED TO USE FIRST CLASS TRAVEL (WHERE BUSINESS CLASS IS NOT AVAILABLE) FOR TRIPS OF MORE THAN 4 HOURS. HOSPITAL POLICY PERMITS BUSINESS CLASS FOR INTERNATIONAL TRAVEL. THERE IS NO CHARTER TRAVEL. SCHEDULE J, PART I, LINE 1A: PERSONAL SERVICES CERTAIN EXECUTIVES, THROUGH THEIR EMPLOYMENT AGREEMENTS, ARE REIMBURSED FOR TAX, FINANCIAL AND ESTATE PLANNING, AND HEALTH COSTS. THIS IS TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT.

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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 $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

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Governance

Voting Members
11
Independent Members
10
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
5
$3,191,775
Total Directors
11
$859,008
Key Employees
11
$11,219,235
Highest Compensated
5
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
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