CHILDRENS HOSPITAL MEDICAL PRACTICE CORP

EIN: 721318421 501(c)(3) Health Care

NEW ORLEANS, LA

Total Revenue
$13,815,433
Total Expenses
$24,859,537
Total Assets
$8,124,042
Net Assets
$-75,814,626
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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
1996
Legal Domicile
LA
Principal Officer
LUCIO FRAOGOSO
Phone
5048963035
Tax Period
2023-01-01 to 2023-12-31

CHILDRENS HOSPITAL MEDICAL PRACTICE CORP, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $13.8M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $24.9M exceeded revenue, resulting in a 80% operating deficit.

Mission

CHILDREN'S HOSPITAL MEDICAL PRACTICE CORPORATION (CHMPC), A NON-PROFIT (CONT'D ON SCHEDULE O) SUBSIDIARY CORPORATION OF CHILDREN'S HOSPITAL, WAS INITIATED TO PROVIDE MEDICALLY UNDER-SERVED GEOGRAPHIC AREAS WITH CONVENIENT ACCESS TO QUALITY, COST-EFFECTIVE PEDIATRIC PRIMARY CARE.

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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 $0
Program Service Revenue $13,752,002
Investment Income $1,684
Other Revenue $61,747
TOTAL REVENUE $13,815,433

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,881,831
Fundraising Expenses $0
Program Expenses $24,546,530
Other Expenses $9,977,706
TOTAL EXPENSES $24,859,537

Year-over-Year Comparison

2023 2022 Change
Revenue $13,815,433 $15,231,610 -0.1%
Expenses $24,859,537 $24,023,254 +0.0%
Net Income $-11,044,104 $-8,791,644 +0.3%
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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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
6
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$4,333,688
Total Directors
6
$6,052,975
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN NICKENS BOARD PRESIDENT 0.50
Officer Director
$0 $36,909 $1,967,808
LUCIO FRAOGOSO BOARD TREASURER 0.50
Officer Director
$0 $121,183 $1,655,072
JONATHAN BROUK BOARD SECRETARY 0.50
Officer Director
$0 $138,022 $710,808
LINDSEY CASEY TRUSTEE 0.50
Director
$0 $28,998 $412,258
MARK KLINE MD TRUSTEE 0.50
Director
$0 $141,959 $1,108,912
NICOLE LABORDE TRUSTEE 55.00
Director
$0 $21,287 $198,117
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 $13,815,433 $24,859,537 $8,124,042 $-11,044,104
2022 $15,231,610 $24,023,254 $7,296,484 $-8,791,644
2021 $14,130,142 $21,753,883 $7,563,902 $-7,623,741
2020 $12,711,561 $21,147,723 $4,194,223 $-8,436,162
2019 $14,551,843 $24,791,670 $6,759,976 $-10,239,827
2018 $10,662,283 $18,555,618 $6,396,737 $-7,893,335
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