CHILDREN'S MEDICAL CENTER FOUNDATI… - Form 990 Financial Data

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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

1985

Legal Domicile

Phone

2144567000

Tax Period

2023-01-01 to 2023-12-31

CHILDREN'S MEDICAL CENTER FOUNDATION, founded in 1985, is a major nonprofit in the Health Care sector that reported $109.8M in total revenue in fiscal year 2023. The organization ran a surplus of $61.6M, a strong 56% operating margin.

Mission

CHILDREN'S MEDICAL CENTER FOUNDATION PURSUES AND SECURES PHILANTHROPIC CONTRIBUTIONS TO ENABLE CHILDREN'S HEALTH SYSTEM OF TEXAS AND ITS RELATED ENTITIES TO FULFILL THE MISSION OF MAKING LIFE BETTER FOR CHILDREN, IN FURTHERANCE OF THEIR CHARITABLE PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $26,895,991

CHILDREN'S MEDICAL CENTER FOUNDATION SHALL BE OPERATED EXCLUSIVELY FOR THE PROMOTION OF HEALTH AND THE ADVANCEMENT OF EDUCATION UNDER IRC SECTION 501(C)(3). THE FOUNDATION PURSUES AND SECURES...

CHILDREN'S MEDICAL CENTER FOUNDATION SHALL BE OPERATED EXCLUSIVELY FOR THE PROMOTION OF HEALTH AND THE ADVANCEMENT OF EDUCATION UNDER IRC SECTION 501(C)(3). THE FOUNDATION PURSUES AND SECURES PHILANTHROPIC CONTRIBUTIONS TO ENABLE CHILDREN'S HEALTH SYSTEM OF TEXAS, A 501(C)(3) ORGANIZATION, AND ITS RELATED ENTITIES TO FULFILL THE MISSION OF MAKING LIFE BETTER FOR CHILDREN, IN FURTHERANCE OF THEIR CHARITABLE PURPOSES. TO ACCOMPLISH THIS PURPOSE THE FOUNDATION, LIKE CHILDREN'S HEALTH, IS COMMITTED TO SUPPORTING THE INSTITUTION'S GUIDING PRINCIPLES: QUALITY CARE, RESEARCH AND INNOVATION, EDUCATION AND ADVOCACY, EXCELLENCE AND ACCOUNTABILITY. THE FOUNDATION, IN ADDITION TO SOLICITING CONTRIBUTIONS, THEN HOLDS, ADMINISTERS, INVESTS CASH AND OTHER PROPERTY THAT WAS CONTRIBUTED AND MAKES TRANSFERS TO CHILDREN'S HEALTH SYSTEM OF TEXAS AND ITS AFFILIATED 501(C)(3) ENTITIES FOR USE IN PURSUING THEIR TAX EXEMPT MISSION.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $42,059,489

Program Service Revenue $0

Investment Income $66,970,252

Other Revenue $760,451

TOTAL REVENUE $109,790,192

Expense Breakdown

Grants Paid $26,895,991

Salaries & Benefits $14,726,871

Fundraising Expenses $19,469,945

Program Expenses $26,895,991

Other Expenses $6,087,284

TOTAL EXPENSES $48,182,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,790,192	$113,845,493	0.0%
Expenses	$48,182,190	$58,240,973	-0.2%
Net Income	$61,608,002	$55,604,520	+0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

1596

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

$4,472,157

Total Directors

$4,164,794

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Director	1.0	Director	$0	$0	$0
N/A	Voting Ex Officio	1.0	Director	$0	$72,765	$4,164,794
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Effective 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Effective 1/1/2023)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Chairman, Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	CLO & Secretary	1.0	Officer	$0	$243,971	$1,436,279
N/A	President	55.0	Officer	$0	$251,182	$1,508,667
N/A	CFO & Treasurer	1.0	Officer	$0	$280,158	$1,527,211

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	$109,790,192	$48,182,190	$2,357,968,539	$61,608,002
2022	$113,845,493	$58,240,973	$2,130,166,299	$55,604,520
2021	$324,895,273	$46,969,855	$2,331,178,311	$277,925,418
2020	$64,214,565	$36,740,329	$1,970,405,088	$27,474,236
2019	$75,172,005	$35,539,639	$1,597,679,420	$39,632,366
2018	$100,798,164	$35,716,640	$1,361,490,719	$65,081,524

CHILDREN'S MEDICAL CENTER FOUNDATION