Overview
What is Children's Health Care?
Children's Health Care, also known as Children's Hospitals and Clinics of MN, is a Minnesota-based nonprofit organization that champions the unique health needs of children and their families. With two pediatric hospital facilities and 451 staffed beds, they provide top-notch, family-centered care for children, celebrated for their exceptional quality and efficiency. Their commitment to improving children's health extends beyond hospital walls, with research and education playing significant roles in their mission. The organization, with a workforce of 6230 employees, is renowned for its family-focused approach and has been recognized as one of the top ten pediatric hospitals in the country by The Leapfrog Group.
Official website here: www.childrensmn.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Children's Health Care has achieved a remarkable 96% rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is essential as it assures donors of the organization's transparency and effective management of resources. The evaluation reveals that the charity has maintained a majority independent board, which supports its governance integrity.
The organization excels in multiple financial metrics, including a program expense ratio of 86.49%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, it has no material diversion of assets, demonstrating commendable financial stewardship. The presence of critical policies, such as conflict of interest and whistleblower protections, further reinforces the charity's commitment to ethical practices.
While the data highlights various strengths, the rating emphasizes that the evaluation is based solely on financial accountability, and additional factors like program impact and community feedback are not included in this score. Thus, while the financial health appears strong, potential donors may want to seek further insights into the organization's overall effectiveness and community reach.
This AI summary has been generated from information found on Charity Navigator.
Is Children's Health Care legitimate?
Children's Health Care is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Health Care submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $11,767,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $484,487,285
For more financial information, click here
Official website here: www.childrensmn.org
What is the mission statement of Children's Health Care?
Children's Health Care is dedicated to addressing the unique health needs of children and their families. They provide top-tier, family-centered pediatric care, focusing on improving children's health through advanced research and education. The organization's commitment to excellence is reflected in its distinction as one of the top ten pediatric hospitals in the country for quality and efficiency by The Leapfrog Group. Children's Health Care champions the special health requirements of kids, offering high-quality pediatric services that cater to their specific needs.
Official website here: www.childrensmn.org
Who is the CEO of Children's Health Care?
Marc Gorelick Md is the CEO of Children's Health Care The CEO's salary of Children's Health Care is $1,732,513 and their total compensation is $2,089,091.
Official website here: www.childrensmn.org
What is the revenue of Children's Health Care?
Children's Health Care's revenue in 2023 was $1,138,461,020.
Official website here: www.childrensmn.org
Who are the executives of Children's Health Care and what are their salaries?
The average compensation at Children's Health Care during 2023 was $75,304. There are 6590 employees and 332 volunteers at Children's Health Care.
Here are 44 key members and their salaries (Children's Health Care's CEO's salary is $1,732,513 and their total compensation is $2,089,091):
- Compensation: $476,194
- Related: $0
- Other: $17,613
- Compensation: $605,205
- Related: $0
- Other: $44,256
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $916,032
- Related: $0
- Other: $44,336
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $1,732,513
- Related: $0
- Other: $356,578
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $763,064
- Related: $40,161
- Other: $31,184
- Compensation: $561,145
- Related: $0
- Other: $31,638
- Compensation: $596,875
- Related: $0
- Other: $44,239
- Compensation: $863,236
- Related: $0
- Other: $30,941
- Compensation: $393,037
- Related: $0
- Other: $27,183
- Compensation: $1,174,878
- Related: $0
- Other: $860,360
- Compensation: $231,689
- Related: $430,279
- Other: $31,213
- Compensation: $236,932
- Related: $0
- Other: $39,964
- Compensation: $502,601
- Related: $0
- Other: $23,567
- Compensation: $432,747
- Related: $0
- Other: $48,300
- Compensation: $566,203
- Related: $0
- Other: $37,762
- Compensation: $305,256
- Related: $76,314
- Other: $39,040
- Compensation: $409,679
- Related: $102,420
- Other: $45,281
- Compensation: $517,670
- Related: $0
- Other: $64,188
- Compensation: $310,041
- Related: $0
- Other: $22,520
- Compensation: $514,786
- Related: $27,094
- Other: $31,184
- Compensation: $756,132
- Related: $0
- Other: $49,181
- Compensation: $1,136,116
- Related: $0
- Other: $15,420
- Compensation: $1,197,285
- Related: $0
- Other: $47,349
- Compensation: $751,404
- Related: $0
- Other: $47,483
- Compensation: $698,106
- Related: $0
- Other: $23,733
- Compensation: $133,817
- Related: $0
- Other: $21,941
Official website here: www.childrensmn.org
Where can I find the form 990 for Children's Health Care?
Children's Health Care's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.childrensmn.org
Learn more at the official website: www.childrensmn.org
Mission Statement of Children's Health Care
Children's Health Care, a champion for the unique health needs of children and their families, is devoted to enhancing children's health through top-tier, family-centered care. With a commitment to improving children's wellbeing, this esteemed organization advances its mission through advanced research and education.
At the heart of Children's Health Care's work are families in need of exceptional pediatric care. With two state-of-the-art pediatric hospital facilities and a team of 451 dedicated healthcare professionals, the organization caters to children with special requirements, ensuring they receive the highest standard of care. The Leapfrog Group, a reputable healthcare watchdog, has recognized Children's Health Care's Minneapolis and St. Paul hospitals as two of the top ten pediatric hospitals in the country for quality and efficiency.
Children's Health Care prides itself on its Family-Centered Care approach, placing the needs of families at the forefront of their health journey. By combining advanced medical expertise with a nurturing environment, this exceptional nonprofit empowers children and their families to navigate the complexities of pediatric healthcare, ensuring a positive and effective experience.
In their ongoing pursuit to foster better health for children, Children's Health Care also invests in research and education. By staying at the forefront of medical discoveries and advancements, they are able to provide the most current and effective treatments for the children under their care. Moreover, through educational programs and resources, the organization equips families with the knowledge and skills they need to support their child's wellbeing both at home and in the community.
In summary, Children's Health Care is a beacon of hope for families with children requiring specialized care. Their unwavering commitment to providing the highest-quality, family-centered care sets them apart in the realm of pediatric healthcare, empowering children and their families to thrive in good health.
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Impact
October, 2024
Children's Health Care significantly impacts the well-being of children and their families by providing exceptional pediatric care through its hospitals and clinics in Minnesota. By championing the special health needs of children, it ensures that families receive the highest-quality, family-centered services they require. With two dedicated pediatric hospital facilities and 451 staffed beds, the organization stands out as a leader in the pediatric healthcare sector, reaffirmed by its recognition as one of the top ten pediatric hospitals in the country for quality and efficiency.
The commitment to improving children's health is evident in its focus on advanced research and education, which drives innovative practices and enhances patient care. This holistic approach not only addresses immediate health concerns but also promotes long-term well-being, empowering families with the resources and support necessary for their children’s health journey. By championing the unique health challenges faced by children, Children's Health Care creates a nurturing environment that fosters healing and growth for its young patients and their families.
This information is meant to be a general summary of Children's Health Care. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $45,866,203
- Program Service Revenue: $1,053,511,267
- Gross Receipts: $2,432,470,735
Assets and Liabilities:
- Total Assets: $1,731,037,973
- Total Liabilities: $504,683,787
- Net Assets: $1,226,354,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REV.
Revenue
$777,097,657
MEDICARE/MEDICAID PAY.
Revenue
$159,261,546
LAB REVENUE
Revenue
$109,727,528
PHARMACY REVENUE
Revenue
$3,703,764
PARKING
Revenue
$3,469,073
Organization Details
Founding Year
1995
Principal Officer
Brenda Mccormick
Website
www.childrensmn.orgNTEE Category
Code: E240 - Health
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