Cook Children's Health Care System

EIN: 752705881 501(c)(3) Health Care

Fort Worth, TX

Total Revenue
$451,884,730
Total Expenses
$385,781,639
Total Assets
$1,670,408,998
Net Assets
$626,945,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Phone
6828854000
Tax Period
2023-10-01 to 2024-09-30

Cook Children's Health Care System, founded in 1996, is a major nonprofit in the Health Care sector that reported $451.9M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $385.8M left a modest 15% surplus.

Mission

We strive to be an extension of your family, growing with your child from baby steps to adulthood. We keep our Promise - to improve the well-being of every child in our communities - by instilling kindness, imagination and respect into everything we do. We make it our mission to connect the dots. Between primary and specialty. Between home and medical home. Between short-term care and long-term health. Based in Fort Worth, Texas, we're 10,000+ dedicated team members strong, passionately caring for over 2 million patient encounters each year. Our integrated, not-for-profit organization spans two medical centers, three surgery centers, a physician network, home health services and a health plan. It also includes the Child Study Center, Cook Children's Health Services Inc., and Cook Children's Health Foundation.

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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 $5,599,608
Program Service Revenue $404,535,442
Investment Income $41,440,998
Other Revenue $308,682
TOTAL REVENUE $451,884,730

Expense Breakdown

Grants Paid $884,194
Salaries & Benefits $112,088,993
Fundraising Expenses $0
Program Expenses $326,914,517
Other Expenses $272,808,452
TOTAL EXPENSES $385,781,639

Year-over-Year Comparison

2023 2022 Change
Revenue $451,884,730 $355,870,053 +0.3%
Expenses $385,781,639 $333,757,683 +0.2%
Net Income $66,103,091 $22,112,370 +2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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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
22
Independent Members
16
Employees
1003
Volunteers
25

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
12
$11,126,939
Total Directors
26
$3,187,013
Key Employees
20
$12,386,593
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Belen M Garren Trustee - Sec/Treasurer 2.0
Officer Director
$0 $0 $0
Deborah Schutte MD Trustee - Vice Chairman 2.0
Officer Director
$0 $53,183 $709,552
Peter L Philpott Trustee - Chairman 2.0
Officer Director
$0 $0 $0
Andrew P Lombardi Trustee 1.0
Director
$0 $0 $0
Anne M Carvalho Trustee END 5/31/24 1.0
Director
$0 $0 $0
Anthony Anani MD Trustee 1.0
Director
$0 $18,995 $581,498
Brian C Crumley Trustee 1.0
Director
$0 $0 $0
Brian C Newby Trustee 1.0
Director
$0 $0 $0
Chandra Reynolds MD Trustee 1.0
Director
$0 $0 $0
Daphne Shaw MD Trustee 1.0
Director
$0 $19,184 $370,399
Frost R Prioleau Trustee END 5/31/24 1.0
Director
$0 $0 $0
Jason V Terk MD Trustee 1.0
Director
$0 $43,956 $400,898
Jerry R Conatser Trustee END 5/31/24 1.0
Director
$0 $0 $0
John P Boswell Trustee 1.0
Director
$0 $0 $0
Kara Starnes DO Trustee 1.0
Director
$0 $39,970 $433,523
Karl Biggs Trustee 1.0
Director
$0 $0 $0
Lane Lanier MD Trustee 1.0
Director
$0 $47,228 $691,143
Laura Bird Trustee START 6/1/24 1.0
Director
$0 $0 $0
Michael R Dike Trustee 1.0
Director
$0 $0 $0
Peggy L Cassidy Trustee START 6/1/24 1.0
Director
$0 $0 $0
R Russell Morton Trustee 1.0
Director
$0 $0 $0
Rachel R Werner Trustee 1.0
Director
$0 $0 $0
Rick Sorenson Trustee 1.0
Director
$0 $0 $0
Robert Gillespie MD Trustee 1.0
Director
$0 $0 $0
Robert J Batton Trustee END 5/31/24 1.0
Director
$0 $0 $0
Smita Ranade MD Trustee 1.0
Director
$0 $0 $0
Cory R Rhoades Chief Financial Officer 40.0
Officer
$866,208 $136,241 $1,002,449
James C Cunningham MD EVP, CMO 40.0
Officer
$1,222,776 $105,747 $1,328,523
Jonathan Nedrelow MD Associate Chief Medical Officer 40.0
Officer
$636,879 $101,172 $738,051
Joseph M Gallagher SVP, Chief Legal Officer 40.0
Officer
$883,970 $138,911 $1,022,881
Mary Cara Martz Secretary 40.0
Officer
$183,907 $21,095 $205,002
Rick W Merrill President & CEO 12.0
Officer
$826,633 $550,074 $3,305,517
Spencer D Seals VP Construction & Real Estate 40.0
Officer
$403,495 $84,754 $488,249
Stephen W Kimmel EVP, SYS FINANCE 10.0
Officer
$304,420 $175,382 $1,393,062
Theresa Z Meadows SVP, Chief Information Officer 40.0
Officer
$847,642 $86,011 $933,653
Aaron Wishon VP, Chief Info Security Officer 40.0
Key Emp
$415,995 $59,753 $475,748
Anish Ray Medical Director 40.0
Key Emp
$642,648 $98,066 $740,714
Ashley Antipolo Chief Medical Info Officer 40.0
Key Emp
$410,695 $66,184 $476,879
Beth Schmidt VP, Human Resources 40.0
Key Emp
$419,170 $69,653 $488,823
Christian Pedigo VP, Sys Planning & Health Analytics 40.0
Key Emp
$624,067 $113,141 $737,208
David Lancaster VP, Internal Audit 40.0
Key Emp
$348,912 $72,569 $421,481
Eric Hubli Chief Effectiveness Officer 40.0
Key Emp
$845,495 $144,234 $989,729
George Morris VP, Chief Data and Analytics Officer 40.0
Key Emp
$321,330 $45,307 $366,637
Gregory Jimerson VP, Payor Relations 40.0
Key Emp
$397,732 $85,080 $482,812
Joann Sanders Chief Quality Officer 40.0
Key Emp
$806,430 $125,688 $932,118
Karen Wardell Associate General Counsel 40.0
Key Emp
$531,631 $79,330 $610,961
Kathy McLean VP, Brand & Team Experience 40.0
Key Emp
$383,416 $68,047 $451,463
Keith Holtz Chief Administration Officer 40.0
Key Emp
$1,217,707 $147,790 $1,365,497
Kent Smith VP, Compliance 40.0
Key Emp
$411,866 $75,505 $487,371
Lorrainea Williams PAT/MEDICATION SAFETY OFFICER 40.0
Key Emp
$329,275 $60,733 $390,008
Matthew Carroll MD VP, Assoc Chief Quality Officer 40.0
Key Emp
$502,751 $89,690 $592,441
Megan Chavez VP Patient & Family Experience 40.0
Key Emp
$419,181 $74,616 $493,797
Robert Feather SVP, Public Policy 40.0
Key Emp
$642,485 $74,247 $716,732
Stephen Eckert VP, Info Systems/CTO 40.0
Key Emp
$428,789 $75,068 $503,857
Winifred King SVP Chief Comm & DEI Officer 40.0
Key Emp
$569,256 $93,061 $662,317
Anu Partap Director, Phys Health Equity 40.0
Highest
$314,074 $33,866 $347,940
Christos Papadelis DIRECTOR OF RESEARCH 40.0
Highest
$301,120 $28,619 $329,739
Lakami Bryant VP, Revenue Cylce & Ent Apps 40.0
Highest
$303,350 $65,626 $368,976
Laura Copeland Associate General Counsel 40.0
Highest
$403,608 $59,242 $462,850
Myranda Miller VP, Corporate Controller 40.0
Highest
$310,749 $65,544 $376,293
B Anthony Bagwell SVP, CIIO 0.0
$0 $218,385 $1,981,660
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 $451,884,730 $385,781,639 $1,670,408,998 $66,103,091
2023 $355,870,053 $333,757,683 $1,374,999,166 $22,112,370
2022 $321,528,471 $287,902,910 $900,758,978 $33,625,561
2021 $282,162,573 $269,251,745 $553,188,226 $12,910,828
2020 $256,780,292 $266,874,615 $566,258,574 $-10,094,323
2019 $230,554,722 $227,555,675 $470,709,212 $2,999,047
2018 $194,594,753 $222,153,798 $436,259,628 $-27,559,045
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