LUCILE SALTER PACKARD CHILDREN'S HOSPITAL AT STANFORD

EIN: 770003859 501(c)(3) Health Care

PALO ALTO, CA

Total Revenue
$2,778,743,275
Total Expenses
$2,641,711,665
Total Assets
$4,547,589,135
Net Assets
$3,043,212,269
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
CA
Principal Officer
PAUL KING
Phone
6504978000
Tax Period
2023-09-01 to 2024-08-31

LUCILE SALTER PACKARD CHILDREN'S HOSPITAL AT STANFORD, founded in 1983, is a large national nonprofit in the Health Care sector that reported $2.8B in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.6B left a modest 5% surplus.

Mission

TAX GROSS-UP PAYMENTS ONE OFFICER AND ONE KEY EMPLOYEE RECEIVED LODGING OR RELOCATION BENEFITS. THE VALUE WAS GROSSED UP FOR TAX PURPOSES AND HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). HOUSING ONE OFFICER AND FIVE KEY EMPLOYEES RECEIVED HOUSING AS A TAXABLE BENEFIT AND THE AMOUNT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN B(III).

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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 $39,041,142
Program Service Revenue $2,676,413,094
Investment Income $53,365,857
Other Revenue $9,923,182
TOTAL REVENUE $2,778,743,275

Expense Breakdown

Grants Paid $1,987,100
Salaries & Benefits $1,246,787,514
Fundraising Expenses $18,361,167
Program Expenses $2,444,402,685
Other Expenses $1,392,937,051
TOTAL EXPENSES $2,641,711,665

Year-over-Year Comparison

2023 2022 Change
Revenue $2,778,743,275 $2,565,319,720 +0.1%
Expenses $2,641,711,665 $2,428,014,874 +0.1%
Net Income $137,031,610 $137,304,846 0.0%
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
19
Independent Members
13
Employees
6997
Volunteers
406

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
8
$6,250,630
Total Directors
23
$15,608,792
Key Employees
12
$7,230,281
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Entwistle Director 2.0
Director
$0 $96,440 $6,014,254
Lloyd B Minor MD Director 2.0
Director
$0 $289,646 $3,172,743
Paul King Dir., Pres & CEO 50.0
Officer Director
$2,465,484 $78,112 $2,543,596
Randy Livingston Director 2.0
Director
$0 $195,300 $1,821,989
Rick Majzun EVP & COO 50.0
Officer
$1,068,004 $186,347 $1,254,351
Dana Haering EVP & CFO 47.0
Officer
$1,104,861 $86,599 $1,191,460
Dennis P Lund MD Director/CMO (until 6/24) 50.0
Officer Director
$0 $76,036 $1,056,851
Mary Leonard MD Director 2.0
Director
$0 $35,549 $999,359
Jesus Cepero SVP - Patient Care Services 50.0
Key Emp
$789,501 $96,987 $886,488
Patrick Idemoto EVP & Chief Strategy Officer 40.0
Key Emp
$676,825 $158,341 $835,166
Helen Wilmot Former SHC Admin - COO 0.0
$0 $94,774 $834,765
Marcie Atchison SVP & Chief HR Officer 50.0
Highest
$644,970 $119,857 $764,827
Rachel de Guzman VP SHC D&C Program Mgmt 25.0
Key Emp
$0 $132,068 $733,335
Lisa Grisim VP & Associate CIO 50.0
Highest
$616,415 $99,372 $715,787
Jana Uherkova-Hale CLINICAL NURSE, OPERATING ROOM 50.0
Highest
$621,288 $74,571 $695,859
William Wilson Jr VP & Chief Technology Officer 50.0
Key Emp
$597,451 $90,769 $688,220
Chantal Volel-Torres SVP & CAO Phy Prac/CEO PCHA 33.0
Key Emp
$557,065 $112,725 $669,790
Jill Ann Sullivan SVP - Strat Spc Pln & Gen Srvs 50.0
Key Emp
$556,156 $112,621 $668,777
Lonisa McCabe Clinical Nurse, Renal Dialysis 50.0
Highest
$511,443 $84,365 $595,808
Gregory Hogue VP, Finance 50.0
Key Emp
$493,211 $95,363 $588,574
Michelle Espiritu Clinical Nurse, Renal Dialysis 50.0
Highest
$528,829 $51,271 $580,100
Amy Semple VP - Surgical and Interv Svcs 50.0
Key Emp
$451,470 $119,725 $571,195
Rishi Seth VP - Operations Administration 50.0
Key Emp
$442,499 $119,245 $561,744
Melanie Davidson Vice President & Controller 50.0
Key Emp
$410,947 $100,530 $511,477
Tanya Kennedy SVP - CHIEF INFO & DIGITAL OFF 50.0
Key Emp
$278,169 $46,671 $324,840
Edward Kopetsky SVP & CIO 50.0
$218,516 $57,385 $275,901
Michele Sanchez CORPORATE SECRETARY 50.0
Officer
$165,976 $38,396 $204,372
Matt Pearson VP SHC D&C Prgm Mgmt til 3/23 2.0
Key Emp
$0 $31,114 $190,675
Jimena Almendares Director 2.0
Director
$0 $0 $0
Afia Asamoah Director 2.0
Director
$0 $0 $0
Sierra Clark Director 2.0
Director
$0 $0 $0
Jonathan Coslet Director, Chair 10.0
Officer Director
$0 $0 $0
J Taylor Crandall Director 2.0
Director
$0 $0 $0
Elizabeth Dunlevie DIRECTOR 2.0
Director
$0 $0 $0
Susan Ford Dorsey Director 2.0
Director
$0 $0 $0
Brad Geier Director 2.0
Director
$0 $0 $0
Ying-Ying Goh MD Director (until 9/23) 2.0
Director
$0 $0 $0
Marc Jones Director 2.0
Director
$0 $0 $0
Tonia Karr Director 2.0
Director
$0 $0 $0
Jennifer Mulloy Director, VC (as of 4/24) 2.0
Officer Director
$0 $0 $0
Anthony Noto Director 2.0
Director
$0 $0 $0
Mindy Rogers Director, VC (until 3/24) 2.0
Officer Director
$0 $0 $0
Amit Sinha Director 2.0
Director
$0 $0 $0
Jeffrey E Stone Director (as of 4/24) 2.0
Director
$0 $0 $0
William Thompson III Director (until 12/23) 2.0
Director
$0 $0 $0
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 $2,778,743,275 $2,641,711,665 $4,547,589,135 $137,031,610
2023 $2,565,319,720 $2,428,014,874 $4,358,908,813 $137,304,846
2022 $2,396,972,877 $2,222,208,659 $4,247,026,101 $174,764,218
2021 $2,213,062,161 $2,062,343,985 $4,238,185,377 $150,718,176
2020 $1,972,095,552 $1,900,220,086 $3,795,786,112 $71,875,466
2019 $1,855,879,994 $1,754,233,619 $3,481,394,148 $101,646,375
2018 $1,564,838,646 $1,563,431,890 $3,428,785,066 $1,406,756
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