Le Bonheur Children's Hospital Foundation

EIN: 621872938 501(c)(3) Health Care

MEMPHIS, TN

Total Revenue
$31,378,831
Total Expenses
$12,405,090
Total Assets
$143,033,976
Net Assets
$129,889,312
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
TN
Phone
9012876308
Tax Period
2024-01-01 to 2024-12-31

Le Bonheur Children's Hospital Foundation, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $31.4M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.0M, a strong 60% operating margin.

Mission

IN PARTNERSHIP WITH DONORS AND VOLUNTEERS, LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION PROMOTES PHILANTHROPIC INVESTMENT TO SUPPORT LE BONHEUR CHILDREN'S HOSPITAL'S MISSION OF PROVIDING HIGH QUALITYPATIENT CARE, RESEARCH AND ADVOCACY.

Program Service Accomplishments

Program 1
Expenses: $10,332,232

THE LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION IS COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF CHILDREN IN OUR COMMUNITY BY RAISING FUNDS TO ASSIST LE BONHEUR CHILDREN'S HOSPITAL IN PREVENTING...

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THE LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION IS COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF CHILDREN IN OUR COMMUNITY BY RAISING FUNDS TO ASSIST LE BONHEUR CHILDREN'S HOSPITAL IN PREVENTING AND ELIMINATING PEDIATRIC ILLNESS AND INJURY. Methodist Le Bonheur Healthcare (MLH) has served the Memphis and Mid-South region for more than 100 years. MLH has received regional and national recognition for the care it provides. Le Bonheur Children's Hospital is the region's only comprehensive pediatric hospital. Important facts about Le Bonheur Children's Hospital: -Le Bonheur is one of six campuses of Methodist Le Bonheur Healthcare Memphis hospitals, a not-for-profit hospital corporation headquartered in Memphis, Tenn. -Le Bonheur is a regional pediatric academic medical center with 311 beds, 45 pediatric sub-specialties, 750 medical staff members and more than 3,400 employees. -Each year Le Bonheur treats more than 500,000 children with our inpatient, outpatient and community outreach services. Most patients come from our 6-state referral area and we typically serve children from all 50 states and many countries. -Le Bonheur serves as the educational training center for medical students, residents and fellows for the University of Tennessee Health Science Center. -The care Le Bonheur provides extends well into the region and beyond. Le Bonheur has sub-specialty outpatient clinics in Jackson, Tenn.; Jonesboro, Ark.; and Tupelo, Miss. -Le Bonheur is a magnet designated facility by the American Nurses Credentialing Center and designated as a Level 1 pediatric trauma center, the only such facility in the region, by the American College of Surgeons. -Named as one of the nation's "Best Children's Hospitals" by U.S. News & World Report for 15 consecutive years, Le Bonheur has a unique mission that goes beyond acute care for sick and injured children and includes pediatric research, clinical education, advocacy and preventive care. Together, we work to solve children's health issues and eliminate disparities in health care access. -Le Bonheur is home to the region's only level IV Neonatal Intensive Care Unit, the highest level of care, and treats children from across the Mid-South in the 74 bed unit. - Le Bonheur has a significant partnership with St. Jude Children's Research Hospital. Le Bonheur physicians across a wide range of specialties provide inpatient consultation at St. Jude to care for children undergoing cancer treatment. -Le Bonheur partners with the University of Memphis to extend our research and teaching capabilities as well as community programming. - Our physicians, nurses and other clinicians live in the communities that they serve and provide expert care inside the hospitals and preventative care services in their neighborhoods. Our organization is committed to improving the health and well-being of the communities we serve, providing uncompensated care, charitable contributions to other community organizations and community outreach. Le Bonheur Children's Hospital Foundation exists solely to support the important work and mission of Le Bonheur Children's Hospital. 1. The focus of our fundraising is the endowment for the future of Le Bonheur. We are currently in a campaign to raise $100 million for the hospital's endowment to ensure Le Bonheur is always there for future generations of children. The endowment campaign has five major focus areas: Care for All Children, Neuroscience, Research, Cardiology and Education. Having reached more than $70 million in the endowment, we have begun to use the interest to support various clinical needs. In 2024, we continued our competitive small grants program to fund projects that will improve and promote quality and safety for our patients and associates. In all, 10 Projects were funded to be executed in 2025. In addition, the endowment has been instrumental in funding capital and program needs to improve care and better serve our patients. 2. Pediatric research is critical in support of our core goals of contributing to the prevention, treatment and elimination of children's disease. Founded in 1995, the Children's Foundation Research Institute (CFRI) is a unique collaboration between the Children's Foundation of Memphis, the University of Tennessee Health Science Center (UTHSC), and Le Bonheur Children's Hospital. The central mission of the CFRI is to facilitate innovative research that improves the lives and health of children. The CFRI provides comprehensive basic and clinical research infrastructure support, laboratory space, safety assistance, grant submission, budgeting services, scientific editing and writing, and statistical assistance. This centralized and coordinated support accelerates discovery and innovation and forges collaboration among our physicians and scientists, allowing them to concentrate on what they do best - developing innovative research aimed at improving the health of children. 3. Le Bonheur Foundation also works with a committee of FedEx employees and others to raise funds to support FedExFamilyHouse, which houses out-of-town families whose children are being treated at Le Bonheur. Many families have an extended stay and the house serves as a comfortable respite at a most stressful time for families living 50 miles or more from our campus. Each year, the Le Bonheur Foundation and the committee raise an average of $2 million to operate FedExFamilyHouse. In 2024, FedExFamilyHouse served 29,416 people. 4. In addition to nationally renowned clinical expertise, Le Bonheur believes we have a responsibility to partner with our community to promote and protect children's health and well-being. Le Bonheur Children's Hospital is committed to providing evidence-based services for children and families and to working with community partners to improve health and best practices. More than 250 staff members work with children in their environments including schools, community centers, clinics, childcare facilities and homes. Our programs focus on risk reduction for children and adolescents, child development and effective parenting, injury prevention and promoting the health and well-being of children. Funding for these important community programs is provided through grants and Le Bonheur Foundation's fundraising efforts. Examples of this work include programs that offer free or discounted prescription drugs, in-home services, in-home equipment, transportation vouchers, childbirth classes and a variety of health fairs all aimed at keeping our communities healthy. The Le Bonheur Foundation is committed to supporting the Le Bonheur Children's Hospitals mission of taking care of all children who need us.

Program 2

LCHF IS A SUBSCRIBING MEMBER OF CHILDREN'S MIRACLE NETWORK HOSPITALS. LOCAL FUNDS RAISED THROUGH SPONSORS OF THIS ORGANIZATION SUPPORT SOME OF THE HOSPITAL'S GREATEST NEEDS. THE EXPOSURE RECEIVED...

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LCHF IS A SUBSCRIBING MEMBER OF CHILDREN'S MIRACLE NETWORK HOSPITALS. LOCAL FUNDS RAISED THROUGH SPONSORS OF THIS ORGANIZATION SUPPORT SOME OF THE HOSPITAL'S GREATEST NEEDS. THE EXPOSURE RECEIVED THROUGH PARTNERSHIPS WITH MORE THAN 400 RETAIL CMN REGIONAL LOCATIONS ALLOWS LE BONHEUR TO HAVE A GREATER PRESENCE THROUGHOUT THE REGION. THIS PRESENCE GIVES OPPORTUNITY FOR GREATER EXPOSURE OF PROGRAMS AVAILABLE AT LE BONHEUR.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,991,609
Program Service Revenue $0
Investment Income $4,685,380
Other Revenue $-298,158
TOTAL REVENUE $31,378,831

Expense Breakdown

Grants Paid $7,719,911
Salaries & Benefits $3,399,237
Fundraising Expenses $853,290
Program Expenses $10,332,232
Other Expenses $1,285,942
TOTAL EXPENSES $12,405,090

Year-over-Year Comparison

2024 2023 Change
Revenue $31,378,831 $25,371,884 +0.2%
Expenses $12,405,090 $13,720,441 -0.1%
Net Income $18,973,741 $11,651,443 +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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Governance

Voting Members
10
Independent Members
4
Employees
46
Volunteers
225

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
$2,818,111
Total Directors
10
$3,757,384
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brandon Edgerson VP/COO 2.0
Officer Director
$0 $63,244 $384,669
Jennilyn Utkov Executive Director 20.0
Officer Director
$0 $51,545 $293,678
Kevin Todd Treasurer 2.0
Officer Director
$0 $95,855 $487,522
Maureen O'Connor PRESIDENT 2.0
Officer Director
$0 $57,059 $339,558
Monica Wharton SECRETARY 2.0
Officer Director
$0 $217,846 $1,312,684
James Trey Eubanks Interim Pres/Surg Chief LCH 2.0
Director
$0 $157,818 $921,005
Jerald Gaines Board Director 2.0
Director
$0 $0 $0
Michele Ehrhart Board Director 2.0
Director
$0 $0 $0
September Eason Board Director 2.0
Director
$0 $5,515 $18,268
Sirella Joyner Board Director 2.0
Director
$0 $0 $0
Billie Wood Director - Finance/ Research Lab Operations 40.0
Highest
$109,320 $39,002 $148,322
Kerry Moore Director - Clinical Research 40.0
Highest
$117,443 $42,318 $159,761
Lindsey Sater Director - Development Foundation 40.0
Highest
$114,823 $16,364 $131,187
Lisa Ellis Director - Development Foundation 40.0
Highest
$113,769 $21,672 $135,441
Michelle Rogers Development Foundation/Dir 40.0
Highest
$86,322 $58,422 $144,744
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 $31,378,831 $12,405,090 $143,033,976 $18,973,741
2023 $25,371,884 $13,720,441 $113,631,719 $11,651,443
2022 $26,949,924 $11,794,736 $98,167,242 $15,155,188
2021 $25,710,554 $14,595,881 $96,675,707 $11,114,673
2020 $18,233,481 $14,461,583 $87,433,546 $3,771,898
2019 $21,123,571 $17,160,455 $79,078,069 $3,963,116
2018 $23,199,420 $22,888,873 $74,007,575 $310,547
2018 $23,199,420 $22,888,873 $74,007,575 $310,547
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