THE CHILDREN'S HOSPITAL FOUNDATION INC

EIN: 616027530 501(c)(3) Health Care

LOUISVILLE, KY

Total Revenue
$19,773,090
Total Expenses
$18,980,667
Total Assets
$124,940,491
Net Assets
$122,559,615
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
KY
Phone
5026293409
Tax Period
2023-01-01 to 2023-12-31

THE CHILDREN'S HOSPITAL FOUNDATION INC, founded in 1962, is a mid-sized nonprofit in the Health Care sector that reported $19.8M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $19.0M left a modest 4% surplus.

Mission

CHILDREN'S HOSPITAL FOUNDATION RAISES FUNDS AND AWARDS GRANTS TO NORTON CHILDREN'S HOSPITAL AND OTHER ORGANIZATIONS AFFILIATED WITH NORTON HEALTHCARE.

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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 $15,274,992
Program Service Revenue $0
Investment Income $3,223,481
Other Revenue $1,274,617
TOTAL REVENUE $19,773,090

Expense Breakdown

Grants Paid $14,267,926
Salaries & Benefits $2,180,067
Fundraising Expenses $3,635,303
Program Expenses $14,267,926
Other Expenses $2,266,686
TOTAL EXPENSES $18,980,667

Year-over-Year Comparison

2023 2022 Change
Revenue $19,773,090 $23,012,177 -0.1%
Expenses $18,980,667 $14,129,361 +0.3%
Net Income $792,423 $8,882,816 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
29
Employees
28
Volunteers
607

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
9
$8,155,713
Total Directors
33
$651,914
Key Employees
1
$825,908
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board Vice-Chair 1.0
Officer Director
$0 $0 $0
N/A Board Chair 1.0
Officer Director
$2,000 $0 $2,000
N/A Board Vice-Chair 1.0
Officer Director
$0 $0 $0
N/A Board Treasurer 1.0
Officer Director
$0 $0 $0
N/A Board Secretary 1.0
Officer Director
$0 $0 $0
N/A Trustee (partial year) 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee (partial year) 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee/Hospital CAO 1.0
Director
$0 $108,957 $649,914
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee (partial year) 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Sr VP, CFO/Treasurer 1.0
Officer
$0 $223,063 $1,364,768
N/A Exec VP and COO 1.0
Officer
$0 $288,832 $2,111,840
N/A Sr VP Chief Legal Officer/Secretary 1.0
Officer
$0 $169,876 $1,191,460
N/A President & CEO 1.0
Officer
$0 $417,106 $3,485,645
N/A Sr VP WCCP/ CDO 12.0
Key Emp
$0 $125,097 $825,908
N/A Sys Dir Planned Giving and Major Gifts 20.0
Highest
$129,504 $18,970 $230,850
N/A Dir, Events and Internal Relations 33.0
Highest
$97,739 $36,109 $149,403
N/A Dir Events/Donor Relation 33.0
Highest
$99,771 $14,320 $129,947
N/A Sys Dir Events/Community Relatons 32.0
Highest
$217,009 $37,333 $293,578
N/A Dir Grants 33.0
Highest
$117,238 $17,156 $154,633
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 $19,773,090 $18,980,667 $124,940,491 $792,423
2022 $23,012,177 $14,129,361 $116,613,847 $8,882,816
2021 $19,774,743 $14,935,817 $121,952,447 $4,838,926
2020 $18,470,138 $14,166,192 $110,041,499 $4,303,946
2019 $14,645,693 $13,494,205 $101,246,085 $1,151,488
2018 $14,976,798 $15,628,200 $96,181,695 $-651,402
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