Le Bonheur Children's Hospital

What it reported doing in 2024

THE LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION IS COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF CHILDREN IN OUR COMMUNITY BY RAISING FUNDS TO ASSIST LE BONHEUR CHILDREN'S HOSPITAL IN PREVENTING AND ELIMINATING PEDIATRIC ILLNESS AND INJURY. Methodist Le Bonheur Healthcare (MLH) has served the Memphis and Mid-South region for more than 100 years. MLH has received regional and national recognition for the care it provides. Le Bonheur Children's Hospital is the region's only comprehensive pediatric hospital. Important facts about Le Bonheur Children's Hospital: -Le Bonheur is one of six campuses of Methodist Le Bonheur Healthcare Memphis hospitals, a not-for-profit hospital corporation headquartered in Memphis, Tenn. -Le Bonheur is a regional pediatric academic medical center with 311 beds, 45 pediatric sub-specialties, 750 medical staff members and more than 3,400 employees. -Each year Le Bonheur treats more than 500,000 children with our inpatient, outpatient and community outreach services. Most patients come from our 6-state referral area and we typically serve children from all 50 states and many countries. -Le Bonheur serves as the educational training center for medical students, residents and fellows for the University of Tennessee Health Science Center. -The care Le Bonheur provides extends well into the region and beyond. Le Bonheur has sub-specialty outpatient clinics in Jackson, Tenn.; Jonesboro, Ark.; and Tupelo, Miss. -Le Bonheur is a magnet designated facility by the American Nurses Credentialing Center and designated as a Level 1 pediatric trauma center, the only such facility in the region, by the American College of Surgeons. -Named as one of the nation's "Best Children's Hospitals" by U.S. News & World Report for 15 consecutive years, Le Bonheur has a unique mission that goes beyond acute care for sick and injured children and includes pediatric research, clinical education, advocacy and preventive care. Together, we work to solve children's health issues and eliminate disparities in health care access. -Le Bonheur is home to the region's only level IV Neonatal Intensive Care Unit, the highest level of care, and treats children from across the Mid-South in the 74 bed unit. - Le Bonheur has a significant partnership with St. Jude Children's Research Hospital. Le Bonheur physicians across a wide range of specialties provide inpatient consultation at St. Jude to care for children undergoing cancer treatment. -Le Bonheur partners with the University of Memphis to extend our research and teaching capabilities as well as community programming. - Our physicians, nurses and other clinicians live in the communities that they serve and provide expert care inside the hospitals and preventative care services in their neighborhoods. Our organization is committed to improving the health and well-being of the communities we serve, providing uncompensated care, charitable contributions to other community organizations and community outreach. Le Bonheur Children's Hospital Foundation exists solely to support the important work and mission of Le Bonheur Children's Hospital. 1. The focus of our fundraising is the endowment for the future of Le Bonheur. We are currently in a campaign to raise $100 million for the hospital's endowment to ensure Le Bonheur is always there for future generations of children. The endowment campaign has five major focus areas: Care for All Children, Neuroscience, Research, Cardiology and Education. Having reached more than $70 million in the endowment, we have begun to use the interest to support various clinical needs. In 2024, we continued our competitive small grants program to fund projects that will improve and promote quality and safety for our patients and associates. In all, 10 Projects were funded to be executed in 2025. In addition, the endowment has been instrumental in funding capital and program needs to improve care and better serve our patients. 2. Pediatric research is critical in s

Financial Efficiency

• Mission deployment rate: 42.8%; rating input score 43
• Program expense ratio: 83.3%; rating input score 83
• Fundraising efficiency: $31.63 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.7%; rating input score 95; 24th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 79.1%; rating input score 79; 16th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 40%; rating input score 40; 7th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 60.5%; rating input score 96; 96th percentile among comparable filings
• Total-asset coverage ratio: 11.53; rating input score 92; 92nd percentile among comparable filings
• Liabilities to assets ratio: 0.09; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 11%; rating input score 16; 16th percentile among comparable filings

Growth

• Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
• Revenue growth: 8.4% per year; rating input score 100; 67th percentile among comparable filings
• Asset growth: 12.9% per year; rating input score 100; 75th percentile among comparable filings