Chmc Anesthesia Foundation Inc

Nonprofit profile at a glance

EIN
042702169
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Boston, MA, USA
Phone
6173556457
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Medical Disciplines

Reported finances

Revenue
$190,841,798
Expenses
$158,622,689
Assets
$399,223,469
Liabilities
$124,788,831

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • JOSEPH P CRAVERO MD (PRESIDENT/TREASURER)

Highest reported compensation

  • JOSEPH P CRAVERO MD (PRESIDENT/TREASURER): $1,275,179 total reported compensation
  • JAMES DINARDO MD (PHYSICIAN): $1,157,204 total reported compensation
  • RICHARD BLUM MD (PHYSICIAN): $1,076,040 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation operates the department of anesthesia at boston children's hospital and in communities throughout greater boston. The physicians and crnas of the foundation provide anesthesia services to patients at the hospital and perform anesthesia (see schedule o) research activities as well as lectures and publish related articles. The foundation also provides care for patients in need of anesthesiology services regardless of their ability to pay.

What it reported doing in 2024

The chmc anesthesia foundation, inc. (the foundation) provides anesthesia and intensive care services to the patients of boston children's hospital and at satellite locations. The foundation may charge for patient care and other medical services, where any net income generated is used exclusively for the charitable, scientific, and educational purposes for which the foundation was created. The foundation also provides care for patients in need of anesthesia and intensive care services, regardless of their ability to pay, as well as providing and supporting hospital and community based services that are either unavailable or limited elsewhere in the community. During the year ended september 30, 2025, the foundation performed 11,523 ambulatory visits and 36,909 surgical cases. The (see schedule o) foundation provided $3,385,085 in free care services, had expenditures of $520,958 for research efforts, and provided funding of $10,224,195 for teaching or educational initiatives for the year ended september 30, 2025.

Operating model

Revenue model
Earned-program. 93% 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.

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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 88
  • Accountability: 42
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.2%; rating input score 82
  • Program expense ratio: 95.9%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.1%; rating input score 98; 34th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party 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
    • 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: 16.9%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 2.52; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 13.5%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 8.1% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 82.2% of revenue deployed · 95.9% of spending went to programs
  • Governance: 0 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $152.1M in reported program spending
  • Leadership: top reported pay $1.3M · 27 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.5M reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 30 filed money-flow records
  • Related organizations: 4 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.