Akron Children's Hospital Foundation
Nonprofit profile at a glance
- EIN
- 237114013
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Akron, OH, USA
- Phone
- 3305438340
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $31,970,206
- Expenses
- $19,911,756
- Assets
- $168,211,926
- Liabilities
- $5,586,446
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 people listed
Executive titles in this filing
- CHRISTOPHER GESSNER (PRESIDENT)
- MICHELE BROWN (VICE PRESIDENT OF DEVELOPMENT)
Highest reported compensation
- CHRISTOPHER GESSNER (PRESIDENT): $1,791,308 total reported compensation
- GORDON EDWARDS (CFO/TREASURER): $963,211 total reported compensation
- BRUCE COHEN MD (DIRECTOR/CHAIR NEURODEVELOPMENT): $659,871 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Akron children's hospital foundation is organized exclusively for the benefit of children's hospital medical center of akron ("chmca"). Its purpose is to solicit gifts from donors to further the mission of chmca.
What it reported doing in 2024
The akron children's hospital foundation works to ensure that the hospital (chmca) can continue to uphold its three promises: 1) to treat every child as we would our own 2) to treat others as they would like to be treated 3) turn no child away. During 2024, $19,911,756 foundation funds were used by chmca to support its mission. These foundation funds supported numerous programs within the hospital such as hematology/oncology, behavioral health, palliative care, research and education, the regional burn center, safety and injury prevention, child advocacy, neonatal, pediatrics, tele-health, and other programs.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some related-organization disclosures are missing.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 68
- Accountability: 84
- Sustainability: 87
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83%; rating input score 83
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 80.8%; rating input score 81; 16th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 37.7%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 8.45; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 87; 87th percentile among comparable filings
- Officer compensation ratio: 3.1%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 1.6% per year; rating input score 100; 17th percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 37th percentile among comparable filings
Details
- Where the money goes: 83% of revenue deployed · 100% of spending went to programs
- Governance: 21 of 26 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $19.9M in reported program spending
- Leadership: top reported pay $1.8M · 34 people listed · 0 of 6 pay-setting controls reported
- Consistency: 17 of 18 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.