Children's Hospital Radiology Foundation Inc

Overview

Mission

The Foundation was organized and operates exclusively for the benefit of Boston Children's Hospital (the Hospital) and Harvard Medical School (Harvard). The Foundation is subject to established policies, practices, and procedures of the Hospital and (see Schedule O) Harvard. The Foundation provides radiology services primarily to patients at the Hospital and at satellite locations.

What it reported doing in 2023

The Foundation provides radiology services to patients at Boston Children's Hospital. It also carries on and promotes basic and applied medical research and education in the field of pediatric radiology by teaching students and other medical and scientific personnel; by providing or supplementing income to research personnel through fellowships, research grants, and stipends; and by giving lectures and publishing information regarding problems and research results in the field of pediatric radiology in order to educate the medical profession and the general public. The Foundation may charge for patient care and other medical services, provided that any net income be used exclusively for the charitable, scientific, and educational purposes for which the Foundation was created. The Foundation (see Schedule O) provides care to patients who meet certain criteria under the Hospital's free-care policy without charge or at an amount less than its established rates.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The nonprofit carried out 100% of its reported program work directly.

Nonprofit profile at a glance

EIN
043259647
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Headquarters
Boston, MA, USA
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health

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The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for setting executive pay.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 88
  • Accountability: 42
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.6%; rating input score 85
  • Program expense ratio: 93.9%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 24th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 78.9%; rating input score 79; 18th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: 14.1%; rating input score 83; 83rd percentile among comparable filings
  • Operating reserve ratio: 1.53; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 21.7%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 3.5% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 84.6% of revenue deployed · 93.9% of spending went to programs
  • Governance: 0 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $40.7M in reported program spending
  • Leadership: top reported pay $1.1M · 15 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 8 annual filings from 2009 to 2023
  • Money network: 15 filed money-flow records
  • Related organizations: 3 filed related-organization links