Cook Children's Physician Network

EIN: 752485366 501(c)(3) Health Care

Fort Worth, TX

Total Revenue
$521,618,736
Total Expenses
$539,056,459
Total Assets
$139,362,970
Net Assets
$-61,474,979
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
TX
Phone
6828854000
Tax Period
2023-10-01 to 2024-09-30

Cook Children's Physician Network, founded in 1992, is a major nonprofit in the Health Care sector that reported $521.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

KNOWING THAT EVERY CHILD'S LIFE IS SACRED, OUR PROMISE IS TO IMPROVE THE HEALTH OF EVERY CHILD IN OUR REGION THROUGH THE PREVENTION AND TREATMENT OF ILLNESS, DISEASE, AND INJURY.

Program Service Accomplishments

Program 1
Expenses: $489,946,866 Revenue: $404,291,325

Cook Children's Physician Network (CCPN) is the largest pediatric multi-specialty physician group in North Texas and provides world class pediatric care in over 80 practice locations in 35 cities...

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Cook Children's Physician Network (CCPN) is the largest pediatric multi-specialty physician group in North Texas and provides world class pediatric care in over 80 practice locations in 35 cities across the State of Texas. CCPN employs more than 600 physicians and surgeons, including 420 pediatric specialists and 180 primary care pediatricians. The Network also employs more than 400 advanced practice providers such as nurse practitioners, physician assistants and certified registered nurse anesthetists. These professionals are an integral part of the Cook Children's Health Care System and help support the system's approximately 1.8 million annual patient encounters. Twenty-six of CCPN's board-certified pediatricians provide services in seven Neighborhood Health Centers (NHC) located in economically disadvantaged areas within Tarrant County. The professional staff of the NHCs also includes two dentists and 12 advanced practice providers. The NHCs provide primary care services and serve as medical homes predominantly for children insured under government-funded programs such as the Children's Health Insurance Program (CHIP), Medicaid and Medicaid Managed Care plans. Two more NHC locations are under construction and will open in 2025. In addition to numerous provider locations in Tarrant, Denton, Hood and Collin counties, CCPN has increased access to pediatric subspecialty care through outreach in West Texas where specialty care is limited. Each month, numerous CCPN specialty physicians and surgeons travel to seven West Texas markets that lack the full spectrum of pediatric specialty care to serve patients close to their homes. The need for these outreach services in underserved markets is expected to grow as the physician shortage worsens over time. CCPN continues to grow its presence in Plano, Frisco, McKinney, Allen, Aubrey, Celina, Lewisville, Little Elm and Prosper, which has grown to include 18 primary care locations and 50 general pediatricians. In addition, CCPN has approximately 60 pediatric subspecialists working in the Prosper Medical Office Building and at Cook Children's Medical Center - Prosper. Physician Wellness Physician burnout remains a growing problem. COVID-19 exacerbated the problem by putting a significant strain on physician practices and medical providers everywhere. Since the pandemic, health care's typical seasonality where months of high demand are followed by lulls is a thing of the past. This unremitting toil wears on providers and further worsens the burnout of physicians with poor work/life integration. In 2022, CCPN established an Office of Physician Well-being, staffed by a general pediatrician and a pediatric specialist. Their role is to foster the well-being of physicians, through system-level interventions, addressing activities that contribute to burnout. In 2023, Cook Children's was awarded the bronze level of recognition from the American Medical Association Joy in Medicine Health System Recognition Program based upon these efforts. We continue to strive toward helping our physicians remain connected to the joy and meaning in their work. In the Spotlight Each year, local publications highlight the region's best physicians as chosen by their peers. Votes are tallied and sorted by the editorial staff, and the remaining votes are vetted by an anonymous panel of esteemed doctors. Thirteen of CCPN's physicians were named to D Magazine's list and 48 were voted Fort Worth Top Doctors for the 2024 Best Doctors and Pediatric Specialists. The cover of Fort Worth Magazine's annual Top Doctors edition, released in April 2024, featured Kia Carter, M.D. and Kristen Pyrc, M.D., co-directors of the Cook Children's Psychiatry Department. It was the sixth straight year for Cook Children's to earn such a prominent placement on the front of the Top Doctors issue. The article highlighted Dr. Carter and Dr. Pyrc's efforts to alleviate roadblocks to pediatric mental health care. In late 2023, Paul Thornton, M.D., medical director of Diabetes and Endocrinology and world-renowned expert on hyperinsulinism, received a Global Impact Award. The City of Fort Worth and Fort Worth Sister Cities International bestowed the award for Dr. Thornton's work in hyperinsulinism, a rare and potentially devastating disease. This award recognizes Dr. Thornton's research achievements and international impact in helping improve the quality of life for children with this genetic disease. Faculty Development Cook Children's in October 2024 created a new role of CCPN Vice President of Faculty Development. M. Scott Perry, M.D., who serves as medical director of the Jane and John Justin Institute for Mind Health at Cook Children's, became the first to hold the title. The role provides guidance for physicians in medical education, as well as support for strategic and visionary planning and proposals. In addition, Dr. Perry oversees the Endowed Chair program, which recognizes physicians whose groundbreaking innovations advance pediatric care and enhance Cook Children's research reputation. A $10 million endowment from the Cook Children's Health Foundation established the program to support clinical research, teaching, program development, publications and other work. Sixteen physicians have received an endowed chair to further elevate the regional, national and global prominence of their medical expertise.

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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 $117,313,212
Program Service Revenue $404,291,325
Investment Income $-12,911
Other Revenue $27,110
TOTAL REVENUE $521,618,736

Expense Breakdown

Grants Paid $0
Salaries & Benefits $439,344,960
Fundraising Expenses $0
Program Expenses $489,946,866
Other Expenses $99,711,499
TOTAL EXPENSES $539,056,459

Year-over-Year Comparison

2023 2022 Change
Revenue $521,618,736 $473,771,923 +0.1%
Expenses $539,056,459 $492,341,048 +0.1%
Net Income $-17,437,723 $-18,569,125 -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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Governance

Voting Members
13
Independent Members
N/A
Employees
2157
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
10
$9,153,539
Total Directors
16
$8,045,276
Key Employees
6
$2,368,171
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Anani MD Trustee - Vice Chair/Spec Care 42.0
Officer Director
$562,503 $18,995 $581,498
Daphne Shaw MD Trustee - Treasurer 42.0
Officer Director
$351,215 $19,184 $370,399
Deborah Schutte MD Trustee - Chair 42.0
Officer Director
$656,369 $53,183 $709,552
Jason V Terk MD Trustee - Vice Chairman/ Primary Care 42.0
Officer Director
$356,942 $43,956 $400,898
Kara Starnes DO Trustee - Secretary 42.0
Officer Director
$393,553 $39,970 $433,523
Bianka Soria-Olmos DO Trustee 41.0
Director
$387,016 $46,811 $433,827
Christina Ateek DO Trustee START 6/1/24 41.0
Director
$378,377 $28,433 $406,810
Diane Arnaout MD Trustee 41.0
Director
$551,319 $51,807 $603,126
Erik Templeton MD Trustee 41.0
Director
$423,332 $51,197 $474,529
Frank McGehee MD Trustee START 6/1/24 41.0
Director
$470,344 $42,211 $512,555
Heather Miller MD Trustee 41.0
Director
$233,890 $35,232 $269,122
Jeff Pugach MD Trustee 41.0
Director
$1,240,385 $32,086 $1,272,471
Julee S Morrow MD Trustee END 5/31/24 41.0
Director
$340,621 $23,755 $364,376
M SCOTT PERRY MD Trustee END 5/31/24 41.0
Director
$486,343 $51,956 $538,299
Mary Kathleen Powderly MD Trustee END 5/31/24 41.0
Director
$280,425 $46,462 $326,887
Randa Razzouk MD Trustee START 6/1/24 41.0
Director
$313,116 $34,288 $347,404
Matthew Dzurik MD President 42.0
Officer
$877,044 $143,528 $1,020,572
Rick W Merrill CEO 4.0
Officer
$303,099 $550,074 $3,305,517
Robert Goodwill Sr VP, COO, CCPN 40.0
Officer
$698,928 $117,692 $816,620
Sheri Kantner Secretary 40.0
Officer
$99,586 $22,312 $121,898
Stephen W Kimmel Treasurer 5.0
Officer
$158,298 $175,382 $1,393,062
Alma Tolley VP, Primary & Spec Services 40.0
Key Emp
$348,049 $70,702 $418,751
Ashten Fleming AVP, Primary/Spec Services 40.0
Key Emp
$181,433 $22,676 $204,109
Corwin Warmink MD Chief Clinical Officer 41.0
Key Emp
$616,646 $101,493 $718,139
Kevin Briscoe VP, CCPN Finance 40.0
Key Emp
$407,252 $77,327 $484,579
Tara Allen AVP, Primary/Spec Services 40.0
Key Emp
$249,976 $22,977 $272,953
Teresa Baker AVP, Primary/Spec Services 40.0
Key Emp
$237,472 $32,168 $269,640
Eldad Erez Physician 40.0
Highest
$2,496,462 $47,431 $2,543,893
Johnnie Honeycutt Physician 40.0
Highest
$1,402,371 $52,583 $1,454,954
Jonathan Kaye MD Medical Director 40.0
Highest
$1,472,402 $43,857 $1,516,259
Kirk Pinto Physician , OP/C 40.0
Highest
$1,689,476 $43,545 $1,733,021
Vincent Tam Medical Director 40.0
Highest
$2,190,025 $58,827 $2,248,852
Matthew Carroll MD FORMER VP, Assoc Chief Quality Officer 1.0
$0 $89,690 $592,441
Whitney Johannessen FORMER AVP Advance Practice 0.0
$151,427 $6,940 $158,367
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 $521,618,736 $539,056,459 $139,362,970 $-17,437,723
2023 $473,771,923 $492,341,048 $122,294,316 $-18,569,125
2022 $425,619,452 $432,113,954 $71,436,982 $-6,494,502
2021 $377,747,766 $386,674,905 $64,106,288 $-8,927,139
2020 $358,666,178 $362,546,166 $51,062,651 $-3,879,988
2019 $336,407,477 $345,508,743 $28,765,297 $-9,101,266
2018 $316,278,734 $317,039,161 $35,932,793 $-760,427
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