Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Premium Revenue

  total $40,439,900 · related or exempt $40,439,900

• 2b · Program service revenue: Net Patient Service Revenue

  total $276,161 · related or exempt $276,161

• 2c · Program service revenue: Program Service Rental

  total $207,236 · related or exempt $207,236

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $756,372 · excluded $756,372

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7b · Less cost or other basis and sales expenses

  other assets $61

• 7c · Gain or loss

  securities $0 · other assets -$61

• 7d · Net gain or loss

  total -$61 · excluded -$61

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $2,955,028 · program services $2,726,038 · management and general $228,990

• 8 · Pension plan contributions

  total $263,935 · program services $243,181 · management and general $20,754

• 9 · Other employee benefits

  total $640,950 · program services $590,475 · management and general $50,475

• 10 · Payroll taxes

  total $257,638 · program services $233,458 · management and general $24,180

• 11g · Fees: other

  total $6,945,544 · program services $6,393,245 · management and general $552,299 · fundraising $0

• 13 · Office expenses

  total $66,579 · program services $6,625 · management and general $59,954

• 14 · Information technology

  total $36,408 · program services $10,151 · management and general $26,257

• 16 · Occupancy

  total $94,890 · program services $94,890

• 17 · Travel

  total $14,768 · program services $13,153 · management and general $1,615

• 19 · Conferences, conventions and meetings

  total $6,519 · program services $624 · management and general $5,895

• 22 · Depreciation, depletion and amortization

  total $1,018,241 · program services $1,018,241

• 23 · Insurance

  total $213,336 · program services $135,886 · management and general $77,450

• 24a · Other expenses: HOSPITAL AND PHARMACY CLAIMS

  total $27,781,426 · program services $27,781,426

• 24b · Other expenses: VENDED SERVICES

  total $1,102,711 · program services $731,815 · management and general $370,896

• 24c · Other expenses: PHARMACEUTICAL AND MEDICAL SUPPLIES

  total $277,832 · program services $276,470 · management and general $1,362

• 24d · Other expenses: MISCELLANEOUS EXPENSES

  total $3,803 · program services $3,011 · management and general $792

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,019,619 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $17,732,177 · end of year $4,687

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $0 · end of year $1,366,015

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,097,333 · end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $0

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $3,321,107 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $5,456,080 · end of year $1,872,797

• 17 · Accounts payable and accrued expenses

  beginning of year $4,205,112 · end of year $117,092

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $3,447,261 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  end of year $0

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  end of year $0

• 24 · Unsecured notes and loans payable

  end of year $0

• 25 · Other liabilities

  beginning of year $485,651 · end of year $3,126,407

• 27 · Net assets without donor restrictions

  beginning of year $26,488,292 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment

DURING CALENDAR YEAR 2024, A RELATED ORGANIZATION MADE SEVERANCE PAYMENTS TO LANCE A. LIGHTFOOT IN THE AMOUNT OF $317,990, IVETT T. SHAH IN THE AMOUNT OF $119,423 AND AISHA JAMAL IN THE AMOUNT OF $72,800. THESE PAYMENTS WERE TREATED AS TAXABLE AND ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).

Schedule J, Part I, Line 7 Non-fixed payments

DRS. BELFORT, SHEKERDEMIAN, SHILT, AND VERSALOVIC, WHILE EMPLOYED BY BAYLOR COLLEGE OF MEDICINE, SERVE AS IN-CHIEFS DIRECTING PATIENT CARE AT TEXAS CHILDREN'S HOSPITAL. DUE TO THEIR SENIOR LEADERSHIP ROLES, THEY ARE ELIGIBLE FOR INCENTIVE COMPENSATION BASED ON THEIR CONTRIBUTIONS TO ACHIEVING THE ORGANIZATION'S STRATEGIC GOALS. ALL COMPENSATION IS EARNED IN THEIR CAPACITY AS PHYSICIAN LEADERS.

Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION

COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED BY TEXAS CHILDREN'S AND TEXAS CHILDREN'S HOSPITAL, USING THE FOLLOWING METHODS: *COMPENSATION COMMITTEE *INDEPENDENT COMPENSATION CONSULTANT *COMPENSATION SURVEY OR STUDY *APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Schedule J, Part I, Line 4b 457 (F) PLAN

457 (F) PLAN: PAID/DEFERRED AISHA JAMAL 213,514 / 0 DANIEL R. DIPRISCO 167,425 / 126,118 DEBRA F. SUKIN 0 / 295,500 LANCE A. LIGHTFOOT 905,895 / 0 MICHEAL MURPHY 126,700 / 0 AFSHEEN DAVIS 31,504 / 46,620 JODI HARRIS 0 / 23,640 THE 457(F) PLANS ARE NON-QUALIFIED DEFERRED COMPENSATION PLANS THAT ALLOW EXECUTIVES AND ELIGIBLE PHYSICIANS TO RECEIVE SUPPLEMENTAL RETIREMENT INCOME. FUNDS MAY BE CREDITED INTO THIS ACCOUNT FROM AN EMPLOYER CONTRIBUTION, CALCULATED BASED ON AN INDIVIDUAL'S TITLE AND BASE SALARY AS OF JANUARY 1. THESE EMPLOYER FUNDED CONTRIBUTIONS VEST AFTER THE EARLIER OF 5 YEARS IN THE PLAN, THE ATTAINMENT OF AGE 60 WITH 75 POINTS DETERMINED AS THE SUM OF AGE AND YEARS OF SERVICE, OR AT AGE 65 WITH 3 OR MORE YEARS OF SERVICE. THE 457(F) PLAN ALSO CONTAINS RESIDUAL CAPITAL APPRECIATION CONTRIBUTIONS FROM A FLEXIBLE BENEFIT ACCOUNT SURPLUS. THESE CONTRIBUTIONS VEST AFTER A MINIMUM OF 5 YEARS IN THE PLAN. The plan was amended, anyone hired on or after 10/1/23 is subject to an additional requirement for vesting (age 65 and at least 3 years of cumulative service).

Schedule J, Part I, Line 4b SPLIT-DOLLAR LIFE INSURANCE PLAN

Certain individuals listed at Form 990, Part VII, have split-dollar life insurance policies. The premiums paid by Texas Children's Hospital will be recovered partially or fully when the policy is terminated or transferred to the executive. Participants include LANCE A. LIGHTFOOT. Amounts for the surrendered cash value and/or earnings on the cash value were considered taxable to the following individual: Lance A. Lightfoot $96,024

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• TCH INSURANCE COMPANY LTD

  C Corporation · INSURANCE · CJ

  Directly controlled by NA

• CVI GVF HOLDINGS 3 LTD

  C Corporation · INVESTMENT · CJ

  Directly controlled by NA