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Nonprofiteer
← Lurie Children's Pediatric Anesthesia Associates

Form 990 for tax year 2024

Filed by Lurie Children's Pediatric Anesthesia Associates.

Totals

Total revenue
$14,156,504
Total expenses
$12,864,837
Contributions and grants received
$6,298,751
Grants paid
$0
Program services expenses (Part IX)
$12,779,394
Management and general expenses
$85,443
Fundraising expenses
$0
Program service expenses (Part III)
$12,779,394

Program services were 99.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • OLUWATOYIN OLUTOYE MD

    EX-OFFICIO DIRECTOR/PRESIDENT/DEPT CHAIR ANESTHESIA

    Total calculated
    $1,103,923
    From this org
    $984,877
    From related orgs
    $0
    Other
    $119,046
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $884,361
    Bonus
    $100,000
    Other
    $516
    Deferred
    $104,918
    Nontaxable benefits
    $14,128
    Filer's total
    $1,103,923
  • ANN C MONAHAN MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $427,227
    From this org
    $362,408
    From related orgs
    $0
    Other
    $64,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,765
    Bonus
    $21,523
    Other
    $120
    Deferred
    $18,975
    Nontaxable benefits
    $45,844
    Filer's total
    $427,227
  • ERIN TOAZ MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $409,398
    From this org
    $385,174
    From related orgs
    $0
    Other
    $24,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,079
    Bonus
    $20,987
    Other
    $108
    Deferred
    $18,975
    Nontaxable benefits
    $5,249
    Filer's total
    $409,398
  • HUBERT BENZON MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $575,511
    From this org
    $510,692
    From related orgs
    $0
    Other
    $64,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $477,017
    Bonus
    $33,516
    Other
    $159
    Deferred
    $18,975
    Nontaxable benefits
    $45,844
    Filer's total
    $575,511
  • JAMES H ROTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • THOMAS P SHANLEY MD

    EX-OFFICIO DIRECTOR/PRESIDENT & CEO LCH

    Total calculated
    $2,617,499
    From this org
    $0
    From related orgs
    $1,992,705
    Other
    $624,794
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,285,552 related
    Bonus
    $0 + $449,624 related
    Other
    $0 + $257,529 related
    Deferred
    $0 + $590,810 related
    Nontaxable benefits
    $0 + $33,984 related
    Filer's total
    $0 + $2,617,499 related
  • WILLIAM JAMES GREGORY HANIFEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ALEX P MILLER

    SVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $916,956
    From this org
    $0
    From related orgs
    $757,988
    Other
    $158,968
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $579,360 related
    Bonus
    $0 + $177,840 related
    Other
    $0 + $788 related
    Deferred
    $0 + $118,228 related
    Nontaxable benefits
    $0 + $40,740 related
    Filer's total
    $0 + $916,956 related
  • FATEMA ZANZI

    EVP, CHIEF ADMIN & LEGAL OFFICER, CORP SEC

    Total calculated
    $1,106,837
    From this org
    $0
    From related orgs
    $932,953
    Other
    $173,884
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $619,075 related
    Bonus
    $0 + $235,530 related
    Other
    $0 + $78,348 related
    Deferred
    $0 + $170,345 related
    Nontaxable benefits
    $0 + $3,539 related
    Filer's total
    $0 + $1,106,837 related
  • ALINA LAZAR MD

    PHYSICIAN

    Total calculated
    $581,790
    From this org
    $521,971
    From related orgs
    $0
    Other
    $59,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $488,270
    Bonus
    $33,451
    Other
    $250
    Deferred
    $18,975
    Nontaxable benefits
    $40,844
    Filer's total
    $581,790
  • LISA SOHN MD

    PHYSICIAN

    Total calculated
    $579,572
    From this org
    $546,546
    From related orgs
    $0
    Other
    $33,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $515,649
    Bonus
    $30,717
    Other
    $180
    Deferred
    $18,975
    Nontaxable benefits
    $14,051
    Filer's total
    $579,572
  • RAVI SHAH MD

    PHYSICIAN

    Total calculated
    $652,436
    From this org
    $592,617
    From related orgs
    $0
    Other
    $59,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $524,398
    Bonus
    $68,039
    Other
    $180
    Deferred
    $18,975
    Nontaxable benefits
    $40,844
    Filer's total
    $652,436
  • RICHARD M DSIDA MD

    PHYSICIAN

    Total calculated
    $715,586
    From this org
    $667,792
    From related orgs
    $0
    Other
    $47,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $636,374
    Bonus
    $30,626
    Other
    $792
    Deferred
    $18,975
    Nontaxable benefits
    $28,819
    Filer's total
    $715,586
  • SCOTT A STENQUIST MD

    PHYSICIAN

    Total calculated
    $601,675
    From this org
    $553,881
    From related orgs
    $0
    Other
    $47,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $528,211
    Bonus
    $24,681
    Other
    $989
    Deferred
    $18,975
    Nontaxable benefits
    $28,819
    Filer's total
    $601,675
  • BRENDA DAVIS

    FORMER INTERIM CHIEF FINANCIAL OFFICER THROUGH 2/6/23

    Total calculated
    $384,176
    From this org
    $0
    From related orgs
    $354,713
    Other
    $29,463
    Hours/week
    0 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,378 related
    Bonus
    $0 + $52,988 related
    Other
    $0 + $1,348 related
    Deferred
    $0 + $12,986 related
    Nontaxable benefits
    $0 + $16,477 related
    Filer's total
    $0 + $384,177 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 — 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

  • 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 3 Arrangement used to establish the top management official's compensation
PURSUANT TO THE BYLAWS OF CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER ("MEDICAL CENTER"), THE COMPENSATION COMMITTEE OF THE MEDICAL CENTER IS CHARGED WITH REVIEWING AND APPROVING SENIOR EXECUTIVE COMPENSATION FOR THE MEDICAL CENTER AND ITS AFFILIATES (INCLUDING ANN & ROBERT H. LURIE CHILDREN'S HOSPITAL OF CHICAGO (LURIE CHILDREN'S) AND LURIE CHILDREN'S PEDIATRIC ANESTHESIA ASSOCIATES) AND THE COMPENSATION FOR ANY PHYSICIAN WHO MEETS THE CRITERIA FOR REVIEW AND APPROVAL BY THE COMMITTEE. THE COMPENSATION COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S SENIOR MANAGEMENT, INCLUDING THE PRESIDENT. THE COMPENSATION PHILOSOPHY IS SUBJECT TO PERIODIC REVIEW BY THE COMPENSATION COMMITTEE FOR CONTINUED APPROPRIATENESS IN THE CURRENT MARKET. WITH THE ASSISTANCE OF INDEPENDENT COMPENSATION CONSULTANTS AND INFORMATION FROM A VARIETY OF SOURCES (SPECIFIED ON SCHEDULE J), THE COMPENSATION COMMITTEE CONFIRMED THE TOTAL AMOUNTS TO BE PAID TO IDENTIFIED EXECUTIVES AND PHYSICIANS WERE REASONABLE AND COMPARABLE TO AMOUNTS PAID BY SIMILARLY SITUATED ORGANIZATIONS TO INDIVIDUALS IN FUNCTIONALLY SIMILAR POSITIONS. LEGAL COUNSEL PERIODICALLY ADVISES THE COMPENSATION COMMITTEE WITH RESPECT TO FEDERAL TAX REQUIREMENTS IN SETTING COMPENSATION AND THE ESTABLISHMENT OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL TAX LAW INTERMEDIATE SANCTIONS RULES. THE PROCESS FOLLOWED BY THE COMPENSATION COMMITTEE, INCLUDING A DESCRIPTION OF THE DATA RELIED UPON AND THE COMPENSATION COMMITTEE'S DECISIONS, WAS THOROUGHLY AND CONTEMPORANEOUSLY DOCUMENTED. THE COMPENSATION COMMITTEE HAS EXPRESSLY REVIEWED THE REASONABLENESS OF COMPENSATION PAID TO IDENTIFIED EXECUTIVES AND PHYSICIANS, AND HAS CONCLUDED, AS THE RESULT OF A PROCESS THAT IS DESIGNED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS, THAT ALL SUCH AMOUNTS ARE REASONABLE AND DO NOT EXCEED FAIR MARKET VALUE FOR THE SERVICES PROVIDED. THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBERS OF THE MEDICAL CENTER BOARD OF DIRECTORS WHO HAVE BEEN DETERMINED TO BE DISINTERESTED (WHICH MEANS NO COMMITTEE MEMBER HAS A CONFLICT OF INTEREST) FOR THESE PURPOSES. THE COMPENSATION COMMITTEE CONDUCTS AN ONGOING, REGULAR REVIEW OF THE DISINTERESTED STATUS OF ITS MEMBERS, AND WILL SEEK THE RECUSAL FROM DECISIONMAKING OF ANYONE HAVING AN INTEREST WITH RESPECT TO ONE OR MORE EXECUTIVES SO AS TO PRESERVE THE DISINTERESTED STATUS OF THE COMMITTEE AND, AS A RESULT, THE APPLICATION OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Ann & Robert H. Lurie Children's Hospital of Chicago maintains a defined contribution supplemental executive retirement plan ("DC SERP"), which was established on January 1, 2017 and is a nonqualified deferred compensation plan for certain employees in executive positions. The benefits in the DC SERP are in the form of a fixed annual contribution rate and an earnings credit. Each year's contribution and earnings are at risk and will become fully vested and taxable only after five years of future employment service, or upon reaching age 62 with at least three years of service. Several listed persons in this Form 990 participate in the DC SERP, and the unvested contributions made for them are included in Schedule J, Part II, Column (C). The following individuals participated in the DC SERP and received a vested payment during 2024 which is reported in Column B (iii): Thomas P. Shanley, MD $253,173 Fatema Zanzi $77,376 CEO Deferred Compensation Listed individual Thomas Shanley MD is the sole participant in an additional supplemental retirement benefit arrangement that began in 2021. He is eligible to earn a benefit that will not become vested for several years. A prorated portion of the benefit (representing the portion earned in 2024) is reported in Column (C) as unvested deferred compensation, and will be reported again as compensation if and when the full benefit becomes vested and is subject to tax. The independent Compensation Committee of the Children's Hospital of Chicago Medical Center board, whose diligent review and approval process is described elsewhere in these narratives, has reviewed and approved Dr. Shanley's total compensation in a manner that qualifies for the rebuttable presumption of reasonableness under the federal tax law intermediate sanctions rules, and as part of this review process took into account the benefit being earned under this additional arrangement.
Schedule J, Part I, Line 7 Non-fixed payments
The organization provides annual incentive compensation to senior management under a senior management incentive compensation plan. These amounts are included in Schedule J, Part II, Column B (ii). The plan is designed to offer opportunities for additional compensation tied to performance against pre-determined financial, patient satisfaction, patient safety and individual goals approved in advance by the Compensation Committee of the Children's Hospital of Chicago Medical Center (Medical Center) board of directors, which serves as the Compensation Committee of Lurie Children's and Lurie Children's Pediatric Anesthesia Associates. The Compensation Committee has expressly reviewed the reasonableness of all such payments and has concluded, as the result of a process that is designed to qualify for the rebuttable presumption of reasonableness under federal tax law, that all such amounts are reasonable and do not exceed fair market value for the services provided.
Schedule J, Part II RELATED COMPENSATION
THE FOLLOWING INDIVIDUALS ARE NOT COMPENSATED BY THE REPORTING ORGANIZATION FOR THEIR SERVICE AS DIRECTORS OR OFFICERS OF THE REPORTING ORGANIZATION. Rather, the compensation reported on Form 990, Part VII and on Schedule J, Part II reflects compensation paid by Ann & Robert H. Lurie Children's Hospital of Chicago (Lurie Children's) for the individual's substantial and full-time services as an employee. For more details, please refer to the 2024 Form 990 of Lurie Children's, FEIN 36-2170833. Alex P. Miller Brenda Davis Fatema Zanzi Thomas P. Shanley, MD

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
21 October 2025
IRS schema version
2024v5.1
Source object
202502949349300530

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