Cook Children's Medical Center - Prosper (EIN 852354189) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Phone

6828854000

Tax Period

2023-10-01 to 2024-09-30

Cook Children's Medical Center - Prosper, founded in 2020, is a major nonprofit in the Health Care sector that reported $104.7M in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $129.4M exceeded revenue, resulting in a 24% operating deficit.

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.

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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 $104,867

Program Service Revenue $104,559,864

Investment Income $0

Other Revenue $25,954

TOTAL REVENUE $104,690,685

Expense Breakdown

Grants Paid $15,484,139

Salaries & Benefits $53,353,610

Fundraising Expenses $0

Program Expenses $101,803,539

Other Expenses $60,593,673

TOTAL EXPENSES $129,431,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,690,685	$50,141,080	+1.1%
Expenses	$129,431,422	$92,976,629	+0.4%
Net Income	$-24,740,737	$-42,835,549	-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

483

Volunteers

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

$12,801,132

Total Directors

Key Employees

$656,366

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew S Wayne	Trustee - Vice Chairman	2.0	Officer Director	$0	$0	$0
Anne M Carvalho	Trustee - Vice Chairman END 5/31/24	2.0	Officer Director	$0	$0	$0
John P Boswell	Trustee - Chairman	2.0	Officer Director	$0	$0	$0
Ryan B Dickerson	Trustee - Sec/Treasurer	2.0	Officer Director	$0	$0	$0
Bonnie Petsche	Trustee	1.0	Director	$0	$0	$0
Edwin S Ryan	Trustee	1.0	Director	$0	$0	$0
Frank A Anderson	Trustee END 5/31/24	1.0	Director	$0	$0	$0
Judge Jeffrey L Cureton	Trustee	1.0	Director	$0	$0	$0
Laura Miller	Trustee	1.0	Director	$0	$0	$0
Leah M King	Trustee start 06/01/24	1.0	Director	$0	$0	$0
Michael A LaGatta	Trustee	1.0	Director	$0	$0	$0
Na'im R Moses	Trustee START 6/1/24	1.0	Director	$0	$0	$0
Peggy L Cassidy	Trustee START 6/1/2024	1.0	Director	$0	$0	$0
Robert J Batton	Trustee END 5/31/24	1.0	Director	$0	$0	$0
Thomas Breckinridge Ray	Trustee	1.0	Director	$0	$0	$0
Wally Jones	Trustee	1.0	Director	$0	$0	$0
Cory R Rhoades	Chief Financial Officer	1.0	Officer	$0	$136,241	$1,002,449
James C Cunningham MD	EVP, CMO	1.0	Officer	$0	$105,747	$1,328,523
Jonathan Nedrelow MD	Associate Chief Medical Officer	1.0	Officer	$0	$101,172	$738,051
Joseph M Gallagher	Sr. VP, Chief Legal Officer	1.0	Officer	$0	$138,911	$1,022,881
Mary Cara Martz	Secretary	1.0	Officer	$0	$21,095	$205,002
Nancy C Cychol	President/Chief Hospital Services	1.0	Officer	$420,732	$107,119	$1,309,211
Rick W Merrill	CEO	2.0	Officer	$137,772	$550,074	$3,305,517
Spencer D Seals	VP Construction & Real Estate	1.0	Officer	$0	$84,754	$488,249
Stanley E Davis	Sr. VP, Chief Operating Officer	1.0	Officer	$0	$145,429	$1,074,534
Stephen W Kimmel	EVP, System Finance	2.0	Officer	$48,707	$175,382	$1,393,062
Theresa Z Meadows	Sr. VP, Chief Information Officer	1.0	Officer	$0	$86,011	$933,653
Kevin Greene	VP, Prosper Medical Center	40.0	Key Emp	$299,394	$62,629	$362,023
Sheralyn Hartline	AVP, Nursing & Patient Care	40.0	Key Emp	$250,334	$44,009	$294,343
Abigail Reed	Manager, Pharmacy, Retail, CCMCP	40.0	Highest	$161,267	$30,473	$191,740
Clifford Ho	Pharmacy Clinic Specialist	40.0	Highest	$190,918	$22,767	$213,685
Kristen Elzey	Manager, Pharmacy Operations, CCMCP	40.0	Highest	$195,028	$11,134	$206,162
Stefanie Tanner	Director, Nurse & Patient Care	40.0	Highest	$186,752	$38,628	$225,380
Tri Tran	Pharmacist, CCMCP	40.0	Highest	$175,713	$25,457	$201,170

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	$104,690,685	$129,431,422	$288,609,811	$-24,740,737
2023	$50,141,080	$92,976,629	$243,010,723	$-42,835,549
2022	$25,344	$13,552,732	$170,694,010	$-13,527,388
2021	No data	$46,601	$59,107,939	No data

Cook Children's Medical Center - Prosper