Convalescent Hospital Fund for Children

Nonprofit profile at a glance

EIN
310536649
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Cincinnati, OH, USA
Phone
5138031106
Rating
93
Verdict
STRONG
Rating confidence
Standard
Sector
Single Organization Support

Reported finances

Revenue
$12,977,218
Expenses
$11,936,232
Assets
$228,920,601
Liabilities
$321,871

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

Leadership & pay

16 people listed

Executive titles in this filing

  • MARIE HUENEFELD (Vice-President)
  • PHILLIP C LONG (President)

People named in this filing

  • ALMA HELPLING (Treasurer)
  • DAVID CROALL (SECRETARY)
  • MARIE HUENEFELD (Vice-President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The purpose of convalescent hospital fund for children is to provide financial support and otherwise operate for the benefit and support of cincinnati children's hospital medical center. Cincinnati children's hospital medical center's mission is to improve child health and transform delivery of care through fully integrated, globally recognized research, education and innovation. For patients from the community, the nation and the world, the care provided will achieve the best medical and quality of life outcomes, patient and family experience and value, today and in the future.

What it reported doing in 2024

Convalescent hospital fund for children ("chfc") was formed for the sole purpose of providing financial support to cincinnati children's hospital medical center which participates in the treatment of, or research into, diseases or disorders affecting children. During chfc's fiscal year of july 1, 2024, through june 30, 2025 (the year covered by this return), chfc provided financial support amounting to $11,711,648 to cincinnati children's hospital medical center ("cchmc"), an Ohio not-for-profit pediatric hospital located in hamilton county, Ohio. Ongoing financial support is provided from expendable income received from investments of restricted and unrestricted funds and special commitments are funded from principal balances of unrestricted funds. It is the policy of chfc to invest such assets, thereby increasing fund principal and enhancing future expendable income. Cchmc utilized the financial support from chfc to support the operating costs of its pediatric rehabilitation program, adolescent psychiatric services program, disability services program, psychology adherence program, special needs children program, and to support the general mental and behavioral health and long-term care operations of cchmc. Chfc provided additional support to cchmc for the construction of a new facility at the college hill campus, which provides a wide range of services for patients with psychiatric, psychologic, mental and behavioral health needs.

Operating model

Revenue model
Investment-supported. 99% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.1%; rating input score 98
  • Fundraising efficiency: $7.16 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 19.18; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 12.3% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.1% of spending went to programs
  • Governance: 16 of 16 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $11.7M in reported program spending
  • Leadership: top reported pay $0 · 16 people listed
  • Highest-paid contractors: 1 contractor listed · $108K reported
  • Consistency: 44 of 44 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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 — Financial Efficiency: Fundraising efficiency scored 29/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.