Variety Children's Hospital

EIN: 590638499 501(c)(3) Health Care

Miami, FL

Total Revenue
$974,557,731
Total Expenses
$818,128,603
Total Assets
$1,637,315,414
Net Assets
$959,870,968
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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
1950
Legal Domicile
FL
Phone
3056666511
Tax Period
2023-01-01 to 2023-12-31

Variety Children's Hospital, founded in 1950, is a major nonprofit in the Health Care sector that reported $974.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $156.4M, a strong 16% operating margin.

Mission

To inspire hope and promote lifelong health by providing the best care to every child.

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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 $35,265,380
Program Service Revenue $898,905,067
Investment Income $24,940,217
Other Revenue $15,447,067
TOTAL REVENUE $974,557,731

Expense Breakdown

Grants Paid $0
Salaries & Benefits $287,878,757
Fundraising Expenses $0
Program Expenses $653,240,100
Other Expenses $530,249,846
TOTAL EXPENSES $818,128,603

Year-over-Year Comparison

2023 2022 Change
Revenue $974,557,731 $816,902,265 +0.2%
Expenses $818,128,603 $720,139,264 +0.1%
Net Income $156,429,128 $96,763,001 +0.6%
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
16
Independent Members
12
Employees
3805
Volunteers
1145

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
8
$4,692,419
Total Directors
18
$3,367,251
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY / DIRECTOR 0.1
Officer Director
$0 $0 $0
N/A Vice Chairman / Director 0.1
Officer Director
$0 $0 $0
N/A CHAIRMAN / DIRECTOR 0.1
Officer Director
$0 $0 $0
N/A President & CEO 20.0
Officer Director
$0 $247,368 $1,730,719
N/A SVP / COO NCHS & President NCH 40.0
Officer Director
$773,619 $122,072 $895,691
N/A DIRECTOR 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A DIRECTOR (THRU MARCH 2023) 0.1
Director
$0 $0 $0
N/A EMERITUS DIRECTOR 0.1
Director
$0 $0 $0
N/A DIRECTOR (THRU JUNE 2023) 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A DIRECTOR (THRU MARCH 2023) 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A DIRECTOR / Acting Chief Med Ops Officer 40.0
Director
$615,450 $73,391 $688,841
N/A Director 0.1
Director
$52,000 $0 $52,000
N/A DIRECTOR (THRU JUNE 2023) 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Interim Chief Operating Officer 40.0
Officer
$409,032 $36,358 $445,390
N/A SVP / CFO Health System 20.0
Officer
$0 $115,190 $976,279
N/A SVP & General Counsel 20.0
Officer
$0 $92,549 $644,340
N/A VP, OPERATIONS 40.0
Highest
$374,832 $32,933 $407,765
N/A Exec Dir Med Ed & DEI Lead 40.0
Highest
$341,177 $15,943 $357,120
N/A Sr Med Dir Advanced Proj Lab 40.0
Highest
$355,457 $24,953 $380,410
N/A Executive Med Director 40.0
Highest
$395,758 $27,765 $423,523
N/A VP & NCH Chief Nursing Officer 40.0
Highest
$420,693 $38,630 $459,323
N/A Exec Med Director Clinical Ops (FORMER OFFICER) 0.0
$422,271 $26,572 $448,843
N/A SVP Admin / Special Projects (FORMER OFFICER) 0.0
$0 $74,670 $679,938
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 $974,557,731 $818,128,603 $1,637,315,414 $156,429,128
2022 $816,902,265 $720,139,264 $1,488,947,366 $96,763,001
2021 $776,970,014 $671,519,701 $1,508,530,392 $105,450,313
2020 $598,482,947 $554,072,694 $1,198,214,522 $44,410,253
2019 $644,811,272 $645,022,237 $1,194,010,801 $-210,965
2018 $657,982,918 $606,817,946 $1,165,532,000 $51,164,972
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