La Rabida Children's Hospital

What it reported doing in 2024

The primary service provided by La Rabida is inpatient services to children with chronic illnesses and disabilities. In fiscal year 2025 we had 187 admissions and 11,758 patient days of care. La Rabida Children's Hospital serves these children regardless of race, creed, sex, national origin, or ability to pay and is the most Medicaid dependent hospital in the State of Illinois, with more than 92% of its patient days of care rendered for Medicaid program beneficiaries. La Rabida Children's Hospital is a local expert and provides a site of training for residents and medical students. We train nearly 45 physician residents and medical students each year from the University of Chicago. La Rabida is also a training site for nursing, rehabilitation therapists, social work, psychology and respiratory therapy students. The Hospital works to ensure that all Hospital staff, both clinical and non-clinical, receives education on how to make the hospital a safe place for children. This includes quality initiatives for infection control, certification classes in CPR and Pediatric Advanced Life Support (PALS), running mock codes, classroom lectures for nurses, emergency preparedness training, and meetings on education and research. La Rabida also holds in-services as warranted for new products, policies and event-related occurrences.

Financial Efficiency

• Mission deployment rate: 69.6%; rating input score 70
• Program expense ratio: 83.9%; rating input score 84
• Fundraising efficiency: $2.93 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 83.9%; rating input score 84; 31st 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: 12.8%; rating input score 78; 78th percentile among comparable filings
• Total-asset coverage ratio: 3.71; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 89; 89th percentile among comparable filings
• Officer compensation ratio: 7.9%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: 4.2% per year; rating input score 100; 32nd percentile among comparable filings
• Revenue growth: 3.7% per year; rating input score 100; 29th percentile among comparable filings
• Asset growth: 5.4% per year; rating input score 100; 39th percentile among comparable filings