Texas Children's Hospital

EIN: 741100555 501(c)(3) Health Care

Bellaire, TX

Total Revenue
$3,843,065,933
Total Expenses
$3,933,380,085
Total Assets
$8,480,089,815
Net Assets
$5,615,354,092
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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
TX
Phone
8328242918
Tax Period
2023-10-01 to 2024-09-30

Texas Children's Hospital, founded in 1950, is a large national nonprofit in the Health Care sector that reported $3.8B in total revenue in fiscal year 2023.

Mission

TEXAS CHILDREN'S HOSPITAL, HEADQUARTERED IN HOUSTON, TEXAS, IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO CREATE A HEALTHIER FUTURE FOR CHILDREN AND WOMEN THROUGHOUT OUR GLOBAL COMMUNITY BY LEADING IN PATIENT CARE, EDUCATION AND RESEARCH. WE ARE PROUD TO BE CONSISTENTLY RANKED AMONG THE TOP CHILDREN'S HOSPITALS IN THE NATION.

Program Service Accomplishments

Program 1
Expenses: $3,561,948,211 Revenue: $3,684,233,087

PATIENT CARE: TEXAS CHILDREN'S HOSPITAL IS AN INTERNATIONALLY RECOGNIZED CHILDREN'S HOSPITAL AND IS CONSISTENTLY RANKED AS THE BEST CHILDREN'S HOSPITAL IN TEXAS AND AMONG THE TOP IN THE NATION. TEXAS...

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PATIENT CARE: TEXAS CHILDREN'S HOSPITAL IS AN INTERNATIONALLY RECOGNIZED CHILDREN'S HOSPITAL AND IS CONSISTENTLY RANKED AS THE BEST CHILDREN'S HOSPITAL IN TEXAS AND AMONG THE TOP IN THE NATION. TEXAS CHILDREN'S HOSPITAL OPERATES THREE CAMPUSES IN THE HOUSTON AREA: MAIN CAMPUS LOCATED IN THE TEXAS MEDICAL CENTER; WEST CAMPUS LOCATED IN WEST HOUSTON; WOODLANDS CAMPUS LOCATED NORTH OF HOUSTON. THE MAIN CAMPUS IS THE LARGEST AND ALSO INCLUDES THE JAN AND DAN DUNCAN NEUROLOGICAL RESEARCH INSTITUTE, FEIGIN TOWER CENTER FOR PEDIATRIC RESEARCH, AND THE TEXAS CHILDREN'S PAVILION FOR WOMEN. DURING THE YEAR, THE HOSPITAL SYSTEM OPERATED 957 INPATIENT BEDS, MORE THAN 140 AMBULATORY SPECIALTY CLINICS, AND EXCEEDED 2,002,800 OUTPATIENT CLINIC VISITS. THE HOSPITAL IS SUPPORTED BY AN AWARD-WINNING MEDICAL STAFF OF BOARD-CERTIFIED PEDIATRIC PHYSICIANS, OBSTETRICIANS AND GYNECOLOGISTS, ADULT SUBSPECIALISTS, AND DENTISTS, AS WELL AS MORE THAN 11,200 DEDICATED AND HIGLY SKILLED NURSING AND SUPPORT STAFF. TEXAS CHILDREN'S PAVILION FOR WOMEN OFFERS A FULL SPECTRUM OF GYNECOLOGICAL AND MATERNAL AND FETAL MEDICINE SERVICES, INCLUDING AN ARRAY OF FETAL DIAGNOSTIC PROCEDURES AND HIGHLY SPECIALIZED FETAL SURGERIES, THREE PRIVATE OB/GYN PRACTICES, THE FAMILY FERTILITY CENTER, THE MENOPAUSE CENTER AND THE WOMEN'S PLACE - CENTER FOR REPRODUCTIVE PSYCHIATRY. THE PAVILION HOUSES A LEVEL II AND LEVEL III NEONATAL INTENSIVE CARE UNIT ("NICU"), AND LOCATED IN THE WEST TOWER OF THE HOSPITAL IS A LEVEL IV NICU, THE HIGHEST LEVEL OF CARE AVAILABLE FOR NEWBORNS. DURING THE YEAR, THE PAVLION PERFORMED APPROXIMATELY 6,430 DELIVERIES. TEXAS CHILDREN'S HOSPITAL IS AFFILIATED WITH BAYLOR COLLEGE OF MEDICINE AND SERVES AS THEIR PRIMARY PEDIATRIC TRAINING SITE. THE HOSPITAL IS STAFFED PRIMARILY BY BAYLOR COLLEGE OF MEDICINE PHYSICIANS, AND COLLABORATES WITH BAYLOR PHYSICIANS AND RESEARCHERS ACROSS HUNDREDS OF PROJECTS TO CONTINUALLY IMPROVE TREATMENTS AND OUTCOMES FOR CHILDREN.

Program 2
Expenses: $126,582,598 Revenue: $37,990,865

RESEARCH: TEXAS CHILDREN'S/BAYLOR RESEARCHERS AT THE FEIGIN CENTER, THE JAN AND DAN DUNCAN NEUROLOGICAL RESEARCH INSTITUTE AND THE CHILDREN'S NUTRITION RESEARCH CENTER ARE CONDUCTING SOME OF THE MOST...

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RESEARCH: TEXAS CHILDREN'S/BAYLOR RESEARCHERS AT THE FEIGIN CENTER, THE JAN AND DAN DUNCAN NEUROLOGICAL RESEARCH INSTITUTE AND THE CHILDREN'S NUTRITION RESEARCH CENTER ARE CONDUCTING SOME OF THE MOST INNOVATIVE ONGOING RESEARCH IN A VARIETY OF AREAS FROM PEDIATRIC CARDIOLOGY TO INFECTIOUS DISEASES, NUTRITION, VACCINES AND PEDIATRIC NEUROLOGY AND NEUROGENETICS. DURING THE YEAR, TEXAS CHILDREN'S INVESTED MORE THAN $126 MILLION IN CLINICAL, BASIC AND TRANSLATIONAL RESEARCH PROJECTS, EXPLORING A WIDE RANGE OF CHILDREN'S AND WOMEN'S HEALTH ISSUES. IN ADDITION, THE HOSPITAL CONTINUED ITS STRATEGIC FOCUS ON THE GROWTH AND SUCCESS OF ALL TEXAS CHILDREN'S RESEARCH ENDEAVORS THROUGH ENHANCED INFRASTRUCTURE, SUCH AS THE EXPANSION OF THE JAN AND DAN DUNCAN NEUROLOGICAL RESEARCH INSTITUTE WHERE INVESTIGATORS CAN ACCESS CUTTING EDGE IMAGING MODALITIES, SUCH AS TWO-PHOTON MICROSCOPY, AND STATE-OF-THE-ART NEUROPHYSIOLOGY AND BEHAVIORAL SCIENCE CORE RESOURCES.

Program 3
Expenses: $76,017,595 Revenue: $13,880,176

EDUCATION: THE HOSPITAL SERVES AS THE PRIMARY PEDIATRIC TEACHING FACILITY FOR BAYLOR COLLEGE OF MEDICINE (THEIR LONG-TERM ACADEMIC PARTNER). IN ADDITION, THE TEXAS CHILDREN'S PAVILION FOR WOMEN IS...

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EDUCATION: THE HOSPITAL SERVES AS THE PRIMARY PEDIATRIC TEACHING FACILITY FOR BAYLOR COLLEGE OF MEDICINE (THEIR LONG-TERM ACADEMIC PARTNER). IN ADDITION, THE TEXAS CHILDREN'S PAVILION FOR WOMEN IS ONE OF THE PREMIER PRIVATE TRAINING HOSPITALS FOR BAYLOR COLLEGE OF MEDICINE'S DEPARTMENT OF OBSTECTRICS AND GYNECOLOGY. THE CLOSE AFFILIATION BETWEEN THE INSTITUTIONS EXTENDS THROUGH TEXAS CHILDREN'S OPERATIONS, BAYLOR FACULTY INCLUDING SERVICE CHIEFS, MEDICAL DIRECTORS AND STAFF PHYSICIANS ACROSS THE HOSPITAL'S 54 SUB-SPECIALTY CARE OFFERINGS. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, THE HOSPITAL INVESTED MORE THAN $57 MILLION IN THE TRAINING OF OVER 1,200 TRAINEES IN APPROXIMATELY 80 TRAINING PROGRAMS ROTATING AT TEXAS CHILDREN'S. BAYLOR AND TEXAS CHILDREN'S HAVE A PROVEN TRACK RECORD RECRUITING TRANSFORMATIVE PHYSICIAN-SCIENTISTS AND ONE OF THE STRONGEST PEDIATRIC RESIDENCY PROGRAMS IN THE COUNTRY. BAYLOR'S PEDIATRIC RESIDENCY PROGRAM IS THE LARGEST TRAINING GROUND FOR PEDIATRICS AND ONE OF THE MOST COMPETITIVE IN THE COUNTRY.

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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 $93,924,537
Program Service Revenue $3,715,272,566
Investment Income $10,529,618
Other Revenue $23,339,212
TOTAL REVENUE $3,843,065,933

Expense Breakdown

Grants Paid $13,147,005
Salaries & Benefits $1,695,352,329
Fundraising Expenses $22,137,082
Program Expenses $3,764,548,404
Other Expenses $2,222,012,634
TOTAL EXPENSES $3,933,380,085

Year-over-Year Comparison

2023 2022 Change
Revenue $3,843,065,933 $3,828,011,089 +0.0%
Expenses $3,933,380,085 $3,644,874,281 +0.1%
Net Income $-90,314,152 $183,136,808 -1.5%
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
15
Independent Members
N/A
Employees
15617
Volunteers
537

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
$7,706,856
Total Directors
17
$24,540,549
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBRA F SUKIN PHD BOARD MEMBER & PRESIDENT AS OF 1/8/24 37.0
Officer Director
$278,838 $1,428 $280,266
MARK A WALLACE BOARD MEMBER & CHAIR & CEO ALL YEAR / PRESIDENT THROUGH 1/7/24 36.0
Officer Director
$4,366,595 $1,889,486 $6,256,081
DANIEL R DIPRISCO BOARD MEMBER / EXECUTIVE VICE PRESIDENT 23.0
Director
$1,033,119 $624,119 $1,657,238
DEAN B ANDROPOULOS MD BOARD MEMBER / PHYSICIAN / IN-CHIEF 38.0
Director
$174,090 $187,200 $361,290
JACQUELINE R WARD BOARD MEMBER / SENIOR VICE PRESIDENT / CHIEF NURSE EXECUTIVE 36.0
Director
$737,381 $276,274 $1,013,655
JAMES T VERSALOVIC MD PHD BOARD MEMBER / PHYSICIAN / IN-CHIEF 37.0
Director
$229,083 $171,600 $400,683
JEFFREY S SHILT MD BOARD MEMBER / PHYSICIAN / IN-CHIEF 37.0
Director
$177,900 $228,800 $406,700
KEITH C NELSON BOARD MEMBER / EXECUTIVE VICE PRESIDENT / CHIEF INVESTMENT OFFICER 38.0
Director
$1,074,012 $675,181 $1,749,193
LARA S SHEKERDEMIAN MD BOARD MEMBER / PHYSICIAN / IN-CHIEF 37.0
Director
$206,200 $198,900 $405,100
LARRY H HOLLIER MD BOARD MEMBER / PHYSICIAN / IN-CHIEF 38.0
Director
$242,600 $234,000 $476,600
LINDA W ALDRED BOARD MEMBER / EXECUTIVE VICE PRESIDENT & CHIEF HUMAN RESOURCES OFFICER 38.0
Director
$1,342,584 $632,624 $1,975,208
MATTHEW T GIROTTO BOARD MEMBER / EXECUTIVE VICE PRESIDENT 37.0
Director
$781,866 $485,924 $1,267,790
MICHAEL A BELFORT MD PHD BOARD MEMBER / PHYSICIAN / IN-CHIEF 37.0
Director
$269,566 $228,800 $498,366
MYRA L DAVIS BOARD MEMBER / EXECUTIVE VICE PRESIDENT / CHIEF INFORMATION & INNOVATION OFFICER 38.0
Director
$1,337,382 $789,735 $2,127,117
TABITHA L RICE BOARD MEMBER THROUGH 7/1/24 / EXECUTIVE VICE PRESIDENT 38.0
Director
$1,034,956 $647,720 $1,682,676
THIERRY AGM HUISMAN MD PHD BOARD MEMBER / PHYSICIAN / IN-CHIEF 1.0
Director
$0 $261,308 $1,376,831
WELDON W GAGE BOARD MEMBER / EXECUTIVE VICE PRESIDENT / CHIEF FINANCIAL OFFICER 38.0
Director
$1,646,141 $959,614 $2,605,755
AISHA JAMAL BOARD SECRETARY / VICE PRESIDENT 31.0
Officer
$542,606 $282,494 $825,100
BRADLEY S MORRILL ASSISTANT SECRETARY 33.0
Officer
$124,711 $20,950 $145,661
JESSICA V FLEISCHER ASSISTANT SECRETARY THROUGH 7/8/24 33.0
Officer
$166,699 $33,049 $199,748
BERT M GUNMERINGER SENIOR VICE PRESIDENT 40.0
Highest
$637,621 $174,812 $812,433
CRAIG J MILLS SENIOR VICE PRESIDENT 40.0
Highest
$620,427 $253,265 $873,692
LANCE A LIGHTFOOT SENIOR VICE PRESIDENT THROUGH 8/6/24 38.0
Highest
$1,171,971 $310,089 $1,482,060
RUSSELL WILLIAMS SENIOR VICE PRESIDENT 40.0
Highest
$696,176 $200,886 $897,062
STANLEY W SPINNER MD VICE PRESIDENT / PHYSICIAN 38.0
Highest
$715,508 $213,294 $928,802
IVETT T SHAH FORMER KEY EMPLOYEE & SENIOR VICE PRESIDENT 0.0
$450,078 $0 $450,078
MARK W MULLARKEY FORMER OFFICER & EXECUTIVE VICE PRESIDENT 0.0
$439,064 $12,823 $451,887
MICHELLE M RILEY-BROWN FORMER OFFICER & EXECUTIVE VICE PRESIDENT 0.0
$482,896 $25,523 $508,419
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 $3,843,065,933 $3,933,380,085 $8,480,089,815 $-90,314,152
2023 $3,828,011,089 $3,644,874,281 $7,309,906,948 $183,136,808
2022 $3,138,195,631 $3,247,286,165 $6,762,073,162 $-109,090,534
2021 $2,751,886,646 $2,715,132,418 $7,172,261,535 $36,754,228
2020 $2,623,296,882 $2,535,028,940 $6,090,202,252 $88,267,942
2019 $2,601,399,672 $2,419,593,176 $5,647,281,033 $181,806,496
2018 $2,427,091,302 $2,222,707,438 $5,395,940,841 $204,383,864
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