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Nonprofiteer
← CHILDRENS ANESTHESIOLOGY ASSOCIATES LTD

Form 990 for tax year 2024

Filed by CHILDRENS ANESTHESIOLOGY ASSOCIATES LTD.

Totals

Total revenue
$115,647,675
Total expenses
$113,470,195
Contributions and grants received
$275,000
Grants paid
$0
Program service revenue
$112,126,328
Investment income
$3,246,347
Other revenue
$0
Total assets, end of year
$101,219,045
Total liabilities, end of year
$23,286,567
Net assets or fund balances, end of year
$77,932,478
Program services expenses (Part IX)
$99,720,695
Management and general expenses
$13,749,500
Fundraising expenses
$0
Program service expenses (Part III)
$99,720,695

Program services were 87.9% 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 SERVICE REVENUE

    total $90,318,260 · related or exempt $90,318,260

  • 2b · Program service revenue: RESEARCH REVENUE

    total $3,246,051 · related or exempt $3,246,051

  • 2c · Program service revenue: OTHER PROGRAM SUPPORT

    total $18,562,017 · related or exempt $18,562,017

  • 3 · Investment income

    total $2,157,765 · excluded $2,157,765

  • 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 $3,051,902

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

    securities $1,963,320

  • 7c · Gain or loss

    securities $1,088,582

  • 7d · Net gain or loss

    total $1,088,582 · excluded $1,088,582

  • 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 $0 · program services $0

  • 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 $5,517,296 · program services $5,178,776 · management and general $338,520

  • 6 · Compensation of disqualified persons

    total $1,871,673 · program services $1,041,455 · management and general $830,218

  • 7 · Other salaries and wages

    total $83,515,183 · program services $75,599,035 · management and general $7,916,148

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $9,022,286 · program services $7,956,947 · management and general $1,065,339

  • 10 · Payroll taxes

    total $4,504,676 · program services $4,048,214 · management and general $456,462

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $10,370 · program services $10,370

  • 11c · Fees: accounting

    total $72,365 · management and general $72,365

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $31,020 · management and general $31,020

  • 11g · Fees: other

    total $1,222,651 · program services $597,775 · management and general $624,876

  • 12 · Advertising and promotion

    total $33,206 · program services $29,659 · management and general $3,547

  • 13 · Office expenses

    total $136,474 · program services $121,016 · management and general $15,458

  • 14 · Information technology

    total $299,369 · program services $291,112 · management and general $8,257

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $43,471 · program services $3,503 · management and general $39,968

  • 17 · Travel

    total $442,226 · program services $380,397 · management and general $61,829

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $145,849 · program services $133,736 · management and general $12,113

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,730 · program services $1,090 · management and general $3,640

  • 23 · Insurance

    total $3,033,980 · program services $3,033,980

  • 24a · Other expenses: AFFILIATED PROGRAM EXPENSES

    total $2,234,291 · program services $188,653 · management and general $2,045,638

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

    total $663,712 · program services $571,705 · management and general $92,007

  • 24c · Other expenses: RESEARCH EXPENSE

    total $25,562 · program services $25,562

  • 24d · Other expenses: PATIENT RELATED SUPPLIES

    total $20,592 · program services $19,542 · management and general $1,050

  • 24e · All other expenses

    total $619,213 · program services $488,168 · management and general $131,045

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $21,932,871 · end of year $21,224,754

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $14,805,917 · end of year $15,784,618

  • 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

    $1,847,240

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

    $1,833,738

  • 10c · Land, buildings and equipment, net

    beginning of year $17,142 · end of year $13,502

  • 11 · Investments: publicly traded securities

    beginning of year $49,423,019 · end of year $54,793,278

  • 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 $9,615,691 · end of year $9,402,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,810,246 · end of year $13,302,105

  • 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 $8,872,267 · end of year $9,984,462

  • 27 · Net assets without donor restrictions

    beginning of year $76,112,127 · end of year $77,932,478

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • TO PROVIDE HEALTH CARE, ANESTHESIOLOGY, RESEARCH AND 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 $99,720,695 · Revenue $112,126,328

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Fiadjoe MD

    PRESIDENT/ DIRECTOR

    Total calculated
    $850,707
    From this org
    $804,488
    From related orgs
    $0
    Other
    $46,219
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $393,147
    Bonus
    $300,000
    Other
    $111,341
    Deferred
    $27,300
    Nontaxable benefits
    $18,919
    Filer's total
    $850,707

  • Justin Lockman MD

    ASSOCIATE CHAIR

    Total calculated
    $793,234
    From this org
    $718,171
    From related orgs
    $0
    Other
    $75,063
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $496,283
    Bonus
    $78,401
    Other
    $143,487
    Deferred
    $34,500
    Nontaxable benefits
    $40,563
    Filer's total
    $793,234

  • Todd Kilbaugh MD

    ASSOCIATE CHAIR

    Total calculated
    $790,908
    From this org
    $725,062
    From related orgs
    $0
    Other
    $65,846
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $511,507
    Bonus
    $108,668
    Other
    $104,887
    Deferred
    $34,500
    Nontaxable benefits
    $31,346
    Filer's total
    $790,908

  • Heather McClung Pasqualinomd

    DIRECTOR

    Total calculated
    $766,363
    From this org
    $698,466
    From related orgs
    $0
    Other
    $67,897
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $542,093
    Bonus
    $68,786
    Other
    $87,587
    Deferred
    $34,500
    Nontaxable benefits
    $33,397
    Filer's total
    $766,363

  • Andreas Wolfgang Loepke MD

    SECRETARY/DIRECTOR

    Total calculated
    $754,669
    From this org
    $686,943
    From related orgs
    $0
    Other
    $67,726
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $566,870
    Bonus
    $119,536
    Other
    $537
    Deferred
    $34,500
    Nontaxable benefits
    $33,226
    Filer's total
    $754,669

  • Paul Stricker MD

    ASSOCIATE CHAIR

    Total calculated
    $714,064
    From this org
    $644,336
    From related orgs
    $0
    Other
    $69,728
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $505,305
    Bonus
    $51,552
    Other
    $87,479
    Deferred
    $34,500
    Nontaxable benefits
    $35,228
    Filer's total
    $714,064

  • Andrew T Costarino MD

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $711,535
    From this org
    $673,000
    From related orgs
    $0
    Other
    $38,535
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $603,000
    Bonus
    $70,000
    Other
    $0
    Deferred
    $34,500
    Nontaxable benefits
    $4,035
    Filer's total
    $711,535

  • Susan Nicolson MD

    PHYSICIAN

    Total calculated
    $706,085
    From this org
    $0
    From related orgs
    $673,796
    Other
    $32,289
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $539,545 related
    Bonus
    $0 + $124,239 related
    Other
    $0 + $10,012 related
    Deferred
    $0 + $10,432 related
    Nontaxable benefits
    $0 + $21,857 related
    Filer's total
    $0 + $706,085 related

  • Charles Dean Kurth MD

    FORMER PRESIDENT/DIRECTOR

    Total calculated
    $698,111
    From this org
    $652,240
    From related orgs
    $0
    Other
    $45,871
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $613,058
    Bonus
    $39,182
    Other
    $0
    Deferred
    $34,500
    Nontaxable benefits
    $11,371
    Filer's total
    $698,111

  • Harshad Gurnaney MD

    PHYSICIAN

    Total calculated
    $688,391
    From this org
    $0
    From related orgs
    $634,492
    Other
    $53,899
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $500,373 related
    Bonus
    $0 + $46,632 related
    Other
    $0 + $87,487 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $19,399 related
    Filer's total
    $0 + $688,391 related

  • Robert Sutton MD

    TREASURER/DIRECTOR

    Total calculated
    $655,827
    From this org
    $588,324
    From related orgs
    $0
    Other
    $67,503
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $427,584
    Bonus
    $77,653
    Other
    $83,087
    Deferred
    $34,500
    Nontaxable benefits
    $33,003
    Filer's total
    $655,827

  • Annery G Garcia Marcinkiewicz MD

    DIRECTOR

    Total calculated
    $651,639
    From this org
    $590,339
    From related orgs
    $0
    Other
    $61,300
    Hours/week
    45 + 1 related

  • Julie Fitzgerald MD

    DIRECTOR

    Total calculated
    $519,832
    From this org
    $444,434
    From related orgs
    $0
    Other
    $75,398
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $330,341
    Bonus
    $74,006
    Other
    $40,087
    Deferred
    $34,500
    Nontaxable benefits
    $40,898
    Filer's total
    $519,832

  • Robert A Berg MD

    FORMER VICE PRESIDENT/DIRECTOR

    Total calculated
    $482,799
    From this org
    $0
    From related orgs
    $472,066
    Other
    $10,733
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $403,646 related
    Bonus
    $0 + $59,673 related
    Other
    $0 + $8,747 related
    Deferred
    $0 + $9,361 related
    Nontaxable benefits
    $0 + $1,372 related
    Filer's total
    $0 + $482,799 related

  • Philip Bailey Jr MD

    FORMER TREASURER/DIRECTOR

    Total calculated
    $481,632
    From this org
    $431,107
    From related orgs
    $0
    Other
    $50,525
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $279,537
    Bonus
    $70,236
    Other
    $81,334
    Deferred
    $34,500
    Nontaxable benefits
    $16,025
    Filer's total
    $481,632

  • Thomas Conlon MD

    DIRECTOR

    Total calculated
    $443,573
    From this org
    $396,754
    From related orgs
    $0
    Other
    $46,819
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $305,635
    Bonus
    $40,682
    Other
    $50,437
    Deferred
    $34,429
    Nontaxable benefits
    $12,390
    Filer's total
    $443,573

  • Jodi Chen MD

    DIRECTOR

    Total calculated
    $421,804
    From this org
    $359,367
    From related orgs
    $0
    Other
    $62,437
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $310,837
    Bonus
    $39,643
    Other
    $8,887
    Deferred
    $34,500
    Nontaxable benefits
    $27,937
    Filer's total
    $421,804

  • Judith E Kraft MD

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $408,110
    From this org
    $0
    From related orgs
    $392,633
    Other
    $15,477
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $296,266 related
    Bonus
    $0 + $84,084 related
    Other
    $0 + $12,283 related
    Deferred
    $0 + $10,470 related
    Nontaxable benefits
    $0 + $5,007 related
    Filer's total
    $0 + $408,110 related

  • Jessica Deleon

    FORMER ASSISTANT TREASURER

    Total calculated
    $282,082
    From this org
    $0
    From related orgs
    $264,911
    Other
    $17,171
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $170,498 related
    Bonus
    $0 + $44,626 related
    Other
    $0 + $49,787 related
    Deferred
    $0 + $7,497 related
    Nontaxable benefits
    $0 + $9,674 related
    Filer's total
    $0 + $282,082 related

  • Marissa Malcolm

    VICE CHAIR ADMINISTRATION

    Total calculated
    $266,745
    From this org
    $257,727
    From related orgs
    $0
    Other
    $9,018
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $204,759
    Bonus
    $48,892
    Other
    $4,076
    Deferred
    $7,340
    Nontaxable benefits
    $1,678
    Filer's total
    $266,745

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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Annery G Garcia Marcinkiewicz M

    DIRECTOR

    Schedule J breakdown

    Base
    $450,945
    Bonus
    $52,282
    Other
    $87,112
    Deferred
    $31,050
    Nontaxable benefits
    $30,250
    Filer's total
    $651,639

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
JOHN FIADJOE, MD - 49,777 JUDITH KRAFT - 8,370
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
CHILDREN'S ANESTHESIOLOGY ASSOCIATES, LTD. (CAA) IS A SUBSIDIARY OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA. CAA'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 OTHER 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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
8 April 2026
IRS schema version
2024v5.2
Source object
202601129349300025

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