Skip to content
Nonprofiteer
← RADIOLOGY ASSOCIATES OF CHILDRENS HOSPITAL INC

Form 990 for tax year 2023

Filed by RADIOLOGY ASSOCIATES OF CHILDRENS HOSPITAL INC.

Totals

Total revenue
$45,996,234
Total expenses
$47,437,596
Contributions and grants received
$275,000
Grants paid
$6,033,250
Program service revenue
$43,901,054
Investment income
$1,820,180
Other revenue
$0
Total assets, end of year
$49,533,936
Total liabilities, end of year
$9,226,885
Net assets or fund balances, end of year
$40,307,051
Program services expenses (Part IX)
$39,601,264
Management and general expenses
$7,836,332
Fundraising expenses
$0
Program service expenses (Part III)
$39,601,264

Program services were 83.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $275,000

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $38,757,412 · related or exempt $38,757,412

  • 2b · Program service revenue: RESEARCH REVENUE

    total $3,955,317 · related or exempt $3,955,317

  • 2c · Program service revenue: PROGRAM SUPPORT

    total $1,188,325 · related or exempt $1,188,325

  • 3 · Investment income

    total $1,225,778 · excluded $1,225,778

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $2,429,672

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

    securities $1,835,270

  • 7c · Gain or loss

    securities $594,402

  • 7d · Net gain or loss

    total $594,402 · excluded $594,402

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,033,250 · program services $6,033,250

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,849,128 · program services $3,395,859 · management and general $453,269

  • 6 · Compensation of disqualified persons

    total $65,543 · program services $24,530 · management and general $41,013

  • 7 · Other salaries and wages

    total $27,156,380 · program services $23,320,166 · management and general $3,836,214

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $3,418,126 · program services $2,660,262 · management and general $757,864

  • 10 · Payroll taxes

    total $1,528,817 · program services $1,310,916 · management and general $217,901

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $5,345 · management and general $5,345

  • 11c · Fees: accounting

    total $70,215 · management and general $70,215

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $28,397 · management and general $28,397

  • 11g · Fees: other

    total $1,336,059 · program services $657,363 · management and general $678,696

  • 12 · Advertising and promotion

    total $12,176 · program services $258 · management and general $11,918

  • 13 · Office expenses

    total $33,241 · program services $18,359 · management and general $14,882

  • 14 · Information technology

    total $172,358 · program services $82,978 · management and general $89,380

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $29,667 · management and general $29,667

  • 17 · Travel

    total $362,508 · program services $72,254 · management and general $290,254

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $152,407 · program services $13,897 · management and general $138,510

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,364,183 · program services $1,246,187 · management and general $117,996

  • 24a · Other expenses: AFFILIATED PROGRAM EXPENSES

    total $1,302,547 · program services $493,245 · management and general $809,302

  • 24b · Other expenses: DEV., EDU., & SUBSCRIPTIONS

    total $239,720 · program services $58,746 · management and general $180,974

  • 24c · Other expenses: PATIENT RELATED SUPPLIES

    total $101,805 · program services $87,828 · management and general $13,977

  • 24d · Other expenses: PARKING COSTS

    total $81,118 · program services $74,358 · management and general $6,760

  • 24e · All other expenses

    total $94,606 · program services $50,808 · management and general $43,798

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,578,727 · end of year $13,881,695

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6,369,166 · end of year $7,986,393

  • 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 $0 · end of year $0

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

    $145,676

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

    $145,676

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $22,100,253 · end of year $24,568,481

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,014,970 · end of year $3,097,367

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,593,692 · end of year $4,844,961

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,106,503 · end of year $4,381,924

  • 27 · Net assets without donor restrictions

    beginning of year $40,362,921 · end of year $40,307,051

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • TO PROVIDE PEDIATRIC HEALTH CARE, RADIOLOGY, RESEARCH & TEACHING SERVICES. THE ORGANIZATION OFFERS FINANCIAL ASSISTANCE FOR MEDICALLY NECESSARY CARE TO PATIENTS/FAMILIES WHO MEET THE ELIGIBILITY REQUIREMENTS OF THE FINANCIAL ASSISTANCE POLICY OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA AND ITS AFFILIATES. THE ORGANIZATION SUPPORTS THE MEDICAL, RESEARCH AND TEACHING MISSIONS OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA.

    Expenses $39,601,264 · Grants $6,033,250 · Revenue $43,901,054

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kassa Darge MD PhD

    PRESIDENT/TREASURER/DIRECTOR

    Total calculated
    $1,423,191
    From this org
    $1,360,795
    From related orgs
    $0
    Other
    $62,396
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $818,149
    Bonus
    $317,502
    Other
    $225,144
    Deferred
    $33,000
    Nontaxable benefits
    $29,396
    Filer's total
    $1,423,191

  • Sudha Anupindi MD

    VP/SECRETARY/DIRECTOR

    Total calculated
    $748,693
    From this org
    $666,259
    From related orgs
    $0
    Other
    $82,434
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $494,253
    Bonus
    $70,000
    Other
    $102,006
    Deferred
    $44,764
    Nontaxable benefits
    $37,670
    Filer's total
    $748,693

  • Anne Marie Cahill MD

    DIRECTOR

    Total calculated
    $667,510
    From this org
    $609,741
    From related orgs
    $0
    Other
    $57,769
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $532,430
    Bonus
    $60,000
    Other
    $17,311
    Deferred
    $44,764
    Nontaxable benefits
    $13,005
    Filer's total
    $667,510

  • Asef Khwaja MD

    RADIOLOGIST

    Total calculated
    $645,210
    From this org
    $572,118
    From related orgs
    $0
    Other
    $73,092
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $392,024
    Bonus
    $60,000
    Other
    $120,094
    Deferred
    $42,744
    Nontaxable benefits
    $30,348
    Filer's total
    $645,210

  • Abhay Srinivasan MD

    PHYSICIAN

    Total calculated
    $639,123
    From this org
    $553,585
    From related orgs
    $0
    Other
    $85,538
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $436,354
    Bonus
    $60,000
    Other
    $57,231
    Deferred
    $44,209
    Nontaxable benefits
    $41,329
    Filer's total
    $639,123

  • Ann Johnson MD

    PHYSICIAN

    Total calculated
    $633,730
    From this org
    $553,115
    From related orgs
    $0
    Other
    $80,615
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $447,376
    Bonus
    $58,000
    Other
    $47,739
    Deferred
    $44,764
    Nontaxable benefits
    $35,851
    Filer's total
    $633,730

  • Victor Ho-Fung MD

    PHYSICIAN

    Total calculated
    $624,614
    From this org
    $546,336
    From related orgs
    $0
    Other
    $78,278
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $362,998
    Bonus
    $60,000
    Other
    $123,338
    Deferred
    $42,461
    Nontaxable benefits
    $35,817
    Filer's total
    $624,614

  • Janet Reid MD

    PHYSICIAN

    Total calculated
    $620,174
    From this org
    $557,937
    From related orgs
    $0
    Other
    $62,237
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $462,768
    Bonus
    $60,000
    Other
    $35,169
    Deferred
    $33,000
    Nontaxable benefits
    $29,237
    Filer's total
    $620,174

  • Erin Schwartz MD

    DIRECTOR

    Total calculated
    $608,991
    From this org
    $530,291
    From related orgs
    $0
    Other
    $78,700
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $465,705
    Bonus
    $60,000
    Other
    $4,586
    Deferred
    $44,764
    Nontaxable benefits
    $33,936
    Filer's total
    $608,991

  • Beverly Coleman MD

    DIRECTOR

    Total calculated
    $524,000
    From this org
    $0
    From related orgs
    $491,075
    Other
    $32,925
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $421,632 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $9,443 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $20,725 related
    Filer's total
    $0 + $524,000 related

  • Anna Spraycar

    VICE CHAIR ADMINISTRATION

    Total calculated
    $422,395
    From this org
    $0
    From related orgs
    $380,889
    Other
    $41,506
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,345 related
    Bonus
    $0 + $77,874 related
    Other
    $0 + $30,670 related
    Deferred
    $0 + $17,876 related
    Nontaxable benefits
    $0 + $23,630 related
    Filer's total
    $0 + $422,395 related

  • Parvez Kazmi

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $335,633
    From this org
    $0
    From related orgs
    $312,168
    Other
    $23,465
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $45,834 related
    Bonus
    $0 + $33,022 related
    Other
    $0 + $233,312 related
    Deferred
    $0 + $11,597 related
    Nontaxable benefits
    $0 + $11,868 related
    Filer's total
    $0 + $335,633 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4A
PARVEZ KAZMI - 210,817
SCHEDULE J, PART I, LINE 4B
KASSA DARGE, MD, PHD - 206,337 JANET REID, MD - 11,764 ASEF KHWAJA, MD - 118,699 VICTOR HO-FUNG, MD - 121,373 THE FOLLOWING INDIVIDUALS ALSO PARTICIPATED: ANNE MARIE CAHILL, MD, ERIN SCHWARTZ, MD, ANN JOHNSON, MD, ABHAY SRINIVASAN, MD, AND SUDHA ANUPINDI, MD.
SCHEDULE J, PART I, LINE 7
CERTAIN SENIOR LEADERS ARE ELIGIBLE TO RECEIVE INCENTIVES AS DETERMINED BY THE COMPENSATION COMMITTEE OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA.
SCHEDULE J, PART II
RADIOLOGY ASSOCIATES OF CHILDREN'S HOSPITAL, INC. (RACH) IS A SUBSIDIARY OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA. RACH'S PHYSICIANS, WHO ARE COMMON LAW EMPLOYEES, ARE W-2 EMPLOYEES OF EITHER THE UNIVERSITY OF PENNSYLVANIA (AN UNRELATED ORGANIZATION) OR THE CHILDREN'S HOSPITAL OF PHILADELPHIA (A RELATED ORGANIZATION). COMPENSATION REPORTED MAY INCLUDE COMPENSATION FOR SERVICES TO RELATED ORGANIZATIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • VITARA BIOMEDICAL INC

    C CORP · BIOMEDICAL · DE

    Directly controlled by CHOP FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
3 April 2025
IRS schema version
2023v6.0
Source object
202521019349301587

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.