LUCILE PACKARD FOUNDATION FOR CHIL… - 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

1996

Legal Domicile

Principal Officer

KATHRYN COULBOURN

Phone

6504619800

Tax Period

2023-09-01 to 2024-08-31

LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH, founded in 1996, is a major nonprofit in the Health Care sector that reported $114.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $161.7M exceeded revenue, resulting in a 42% operating deficit.

Mission

THE LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH IS HERE TO UNLOCK PHILANTHROPY TO TRANSFORM HEALTH FOR ALL KIDS AND MOMS, IN NORTHERN CALIFORNIA AND AROUND THE WORLD. OUR FOUNDATION RAISES FUNDS FOR CHILD AND MATERNAL HEALTH AT LUCILE PACKARD CHILDREN'S HOSPITAL AND THE STANFORD SCHOOL OF MEDICINE. WE ALSO SHAPE AND SUPPORT PROGRAMS THAT MAKE HEALTH CARE MORE ACCESSIBLE FOR CHILDREN WITH COMPLEX MEDICAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $118,467,704 Revenue: $36,763,408

DEVELOPMENT: THE FOUNDATION RAISES FUNDS TO SUPPORT THE LUCILE PACKARD CHILDREN'S HOSPITAL STANFORD AND THE CHILD HEALTH PROGRAMS AT THE STANFORD SCHOOL OF MEDICINE. ONE HUNDRED PERCENT OF FUNDS...

DEVELOPMENT: THE FOUNDATION RAISES FUNDS TO SUPPORT THE LUCILE PACKARD CHILDREN'S HOSPITAL STANFORD AND THE CHILD HEALTH PROGRAMS AT THE STANFORD SCHOOL OF MEDICINE. ONE HUNDRED PERCENT OF FUNDS RAISED ARE TRANSFERRED TO THE HOSPITAL AND SCHOOL OF MEDICINE ON A MONTHLY BASIS. THE FOUNDATION IS IN THE EARLY STAGES OF A NEW COMPREHENSIVE CAMPAIGN FOCUSED ON RESEARCH AND CLINICAL EXCELLENCE IN HEART, CANCER, AND MOTHERS AND BABIES.

Program 2

Expenses: $5,949,159

CHILDREN AND YOUTH WITH SPECIAL HEALTH CARE NEEDS: THROUGH ITS PROGRAM WORK, THE FOUNDATION SEEKS TO BUILD AWARENESS ABOUT ISSUES AFFECTING CHILDREN'S HEALTH BY INVESTING IN PROGRAMS AND STRATEGIC...

CHILDREN AND YOUTH WITH SPECIAL HEALTH CARE NEEDS: THROUGH ITS PROGRAM WORK, THE FOUNDATION SEEKS TO BUILD AWARENESS ABOUT ISSUES AFFECTING CHILDREN'S HEALTH BY INVESTING IN PROGRAMS AND STRATEGIC GRANTMAKING TO ENHANCE THE SYSTEM OF CARE FOR CHILDREN WITH SPECIAL HEALTH CARE NEEDS AND THEIR FAMILIES. DURING THE FISCAL YEAR ENDED AUGUST 31, 2024, THE FOUNDATION INVESTED APPROXIMATELY $5.9 MILLION IN THIS AREA.

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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 $76,479,467

Program Service Revenue $36,763,408

Investment Income $1,042,228

Other Revenue $-299,075

TOTAL REVENUE $113,986,028

Expense Breakdown

Grants Paid $121,667,015

Salaries & Benefits $28,441,992

Fundraising Expenses $30,680,563

Program Expenses $124,416,863

Other Expenses $11,566,651

TOTAL EXPENSES $161,731,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,986,028	$131,724,808	-0.1%
Expenses	$161,731,063	$207,676,582	-0.2%
Net Income	$-47,745,035	$-75,951,774	-0.4%

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

166

Volunteers

391

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

$1,730,869

Total Directors

$3,710,658

Key Employees

$1,384,300

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KING	DIRECTOR	0.30	Director	$0	$78,112	$2,543,596
CYNTHIA BRANDT	PRESIDENT & CEO	40.00	Officer Director	$1,083,254	$83,808	$1,167,062
SUSAN FORD DORSEY	CHAIR	0.30	Officer Director	$0	$0	$0
PAUL KWAN	VICE CHAIR	0.30	Officer Director	$0	$0	$0
C BRYAN CAMERON	DIRECTOR (THRU 12/31)	0.30	Director	$0	$0	$0
DAVID K STEVENSON MD	DIRECTOR (THRU 12/31)	0.30	Director	$0	$0	$0
GEORGE TIDMARSH MD PHD	DIRECTOR (THRU 12/31)	0.30	Director	$0	$0	$0
HILARY VALENTINE	DIRECTOR (THRU 12/31)	0.30	Director	$0	$0	$0
DAN BOMZE	DIRECTOR	0.30	Director	$0	$0	$0
JEFF CHAMBERS	DIRECTOR	0.30	Director	$0	$0	$0
LISA COLE	DIRECTOR	0.30	Director	$0	$0	$0
JONATHAN COSLET	DIRECTOR	0.30	Director	$0	$0	$0
KATE DACHS	DIRECTOR	0.30	Director	$0	$0	$0
JENNIFER DUDA MD	DIRECTOR	0.30	Director	$0	$0	$0
ELIZABETH DUNLEVIE	DIRECTOR	0.30	Director	$0	$0	$0
JANE DUNLEVIE	DIRECTOR	0.30	Director	$0	$0	$0
PAUL FISHER MD	DIRECTOR	0.30	Director	$0	$0	$0
CHRIS GALLO	DIRECTOR	0.30	Director	$0	$0	$0
CINDY GOLDBERG	DIRECTOR	0.30	Director	$0	$0	$0
MARY B LEONARD MD	DIRECTOR	0.30	Director	$0	$0	$0
JOHN LILLIE	DIRECTOR	0.30	Director	$0	$0	$0
MOHAMAD MAKHZOUMI	DIRECTOR	0.30	Director	$0	$0	$0
YVONNE MALDONADO MD	DIRECTOR	0.30	Director	$0	$0	$0
LLOYD MINOR MD	DIRECTOR	0.30	Director	$0	$0	$0
PETER MUNZIG	DIRECTOR	0.30	Director	$0	$0	$0
KATHERINE ORR	DIRECTOR	0.30	Director	$0	$0	$0
SUSAN P ORR	DIRECTOR	0.30	Director	$0	$0	$0
MICHELLE SANDBERG MD	DIRECTOR	0.30	Director	$0	$0	$0
CELINA TENEV	DIRECTOR	0.30	Director	$0	$0	$0
CHARLOTTE WAXMAN	DIRECTOR	0.30	Director	$0	$0	$0
ELIZABETH WEIL	DIRECTOR	0.30	Director	$0	$0	$0
YASSER Y EL-SAYED MD	DIRECTOR	0.30	Director	$0	$0	$0
DAVID GEORGE	DIRECTOR	0.30	Director	$0	$0	$0
TONIA KARR	DIRECTOR	0.30	Director	$0	$0	$0
JULIE LEE	DIRECTOR	0.30	Director	$0	$0	$0
NINA WANSTRATH	DIRECTOR	0.30	Director	$0	$0	$0
KATHRYN COULBOURN	CFO	40.00	Officer	$497,985	$65,822	$563,807
JEFFREY SHILLING	SVP, INDIVIDUAL GIVING	40.00	Key Emp	$473,655	$112,608	$586,263
ANDREW KAUFTEIL	SVP STRATEGIC COMMUNICATIONS	40.00	Key Emp	$382,451	$71,084	$453,535
RACHEL OLINGER	EXECUTIVE DIRECTOR CSHCN	40.00	Key Emp	$285,278	$59,224	$344,502
JAMES DEASY	VP STRATEGY & INSTITUIONAL RELATIONS	40.00	Highest	$363,532	$82,440	$445,972
SARAH COLLINS	VP PRINCIPAL GIFTS	40.00	Highest	$383,029	$36,198	$419,227
PORSCHE GORDON	DIRECTOR OF DEVELOPMENT	40.00	Highest	$360,390	$26,610	$387,000
PAYAL SHAH	VP TRANSFORMATION GIFTS	40.00	Highest	$326,200	$45,399	$371,599
CAROLYN OTIS CATANZARO	VP FUNDRAISING STRATEGY	40.00	Highest	$291,374	$69,299	$360,673

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
2025	No data	No data	No data	No data
2024	$113,986,028	$161,731,063	$342,491,110	$-47,745,035
2023	$131,724,808	$207,676,582	$396,420,935	$-75,951,774
2022	$230,032,578	$142,465,912	$458,952,440	$87,566,666
2021	$175,670,547	$164,157,670	$374,660,556	$11,512,877
2020	$105,439,883	$135,914,557	$325,810,216	$-30,474,674
2019	$160,045,111	$139,038,413	$331,716,034	$21,006,698
2018	$96,127,118	$113,727,914	$304,208,017	$-17,600,796

LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH