Boston Children's Network Specialty Physicians Inc

Overview

Mission

BCNSP supports the following three pillars of Boston Children's Hospital's four-part mission: (1) providing care to individuals in the community, (2) improving clinical care to its patients, and (3) educating and training clinicians. In addition, physicians employed by BCNSP may participate in research activities, the fourth pillar of Boston Children's Hospital's mission.

What it reported doing in 2023

BCNSP promotes health by providing highly specialized pediatric medical care, contributing to pediatric medical teaching and research, and providing administrative leadership for pediatric services at hospitals in the community, as well as at Boston Children's Hospital and its affiliates.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
881343469
IRS 990 coverage
2022–2023
Forms available
Form 990 2023, Form 990-EZ 2022
Headquarters
Boston, MA, USA
Phone
6173556000
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 60
  • Accountability: 32
  • Sustainability: 20
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.3%; rating input score 98
  • Program expense ratio: 96.1%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.3%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 1.11; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 23.8%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 15.3% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 19.7% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: -11.5% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 98.3% of revenue deployed · 96.1% of spending went to programs
  • Governance: 0 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $24.2M in reported program spending
  • Leadership: top reported pay $1.7M · 18 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 2 annual filings from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

18 people listed

Highest reported compensation

  • Doug Vanderslice (Former Treasurer): $1,684,195 total reported compensation
  • Peter Laussen MD (President & Director): $1,349,463 total reported compensation
  • Michele Garvin Esq (Former Clerk): $1,254,786 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.