2025-11-14T10:53:26-06:00 2024-12-31 135565207 KPMG LLP 1212 NORTH 96TH STREET SUITE 300 OMAHA NE 68114 990 2024-01-01 470689372 CHILDREN'S PHYSICIANS CHIL 4029556262 8200 DODGE STREET OMAHA NE 68114 AMY HATCHER CFO 4029556262 2025-11-10 1 0 SOPHIE R KING P02233384 4023481450 2025-11-10 2024 2025-03-06 01:10:19Z KATHY ENGLISH 8200 DODGE STREET OMAHA NE 68114 73607701 0 X WWW.CHILDRENSNEBRASKA.ORG X 1996 NE CHILDREN'S PHYSICIANS IS THE LEADING PEDIATRIC PRIMARY CARE PRACTICE DEDICATED TO CARING FOR ALL CHILDREN IN THE OMAHA AND SURROUNDING AREAS, WHILE SUPPORTING EDUCATION AND RESEARCH. 7 1 0 1 0 0 203627 161657 64337598 72891486 12958 -2122 518459 553579 65072642 73604600 0 0 0 0 47966353 53817267 0 0 0 25708900 27757256 73675253 81574523 -8602611 -7969923 20110664 17538972 28786689 34184920 -8676025 -16645948 CHILDREN'S PHYSICIANS DELIVERS THE HIGHEST QUALITY PEDIATRIC PRIMARY CARE WHILE SUPPORTING EDUCATION AND RESEARCH. 0 0 73153611 0 73445065 CHILDREN'S PHYSICIANS IS A PEDIATRIC HEALTH CARE PROVIDER ORGANIZATION FOR OMAHA AND SURROUNDING COMMUNITIES THAT OWNS AND OPERATES PEDIATRIC PRIMARY AND URGENT CARE CLINICS. THE CLINICS ALSO SERVE AS RESIDENT TRAINING SITES FOR PEDIATRIC RESIDENTS. AS OF DECEMBER 31, 2024, CHILDREN'S PHYSICIANS OPERATES FIFTEEN CLINICAL SITES. SEE HTTPS://WWW.CHILDRENSNEBRASKA.ORG/COMMUNITY-HEALTH-AND-ADVOCACY/COMMUNITY-BENEFIT-AND-ENGAGEMENT FOR THE COMMUNITY IMPACT REPORT. 73153611 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 15 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 1 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X AMY HATCHER 4029556262 8200 DODGE STREET OMAHA NE 68114 TERRANCE ZACH MD CHAIRMAN (THRU 12/31/24) 1.00 0.00 X X 0 0 0 CHANDA CHACON PRESIDENT & CEO 0.00 40.00 X X 0 1757773 437688 ALAN TINGLEY MD PRESIDENT OF CHILDREN'S PHYS. 0.00 40.00 X X 0 0 0 KATIE VOLLMUTH MD SECRETARY/TREASURER 0.00 40.00 X X 0 271638 16788 MALINDA BENDER MD VICE CHAIR 0.00 40.00 X X 0 454509 25660 JAYAN VASUDEVAN MD DIRECTOR 0.00 40.00 X 0 329242 46970 CHRISTOPHER MALONEY MD EVP & PHYS IN CHIEF 0.00 40.00 X 0 1066632 115587 AMY HATCHER EVP & CFO 1.00 39.00 X 0 941557 122324 0 4821351 765017 0 0 1 0 A AND K MARKETING INC 5243 N 129TH ST OMAHA NE 68164 MARKETING SERVICES 280107 REVCO SOLUTIONS INC PO BOX 163279 COLUMBUS OH 43216 COLLECTION SERVICES 275475 MAGIC CITY FRANCHISING LLC 14821 W 95TH ST LENEXA KS 66215 HOUSEKEEPING 251319 SWISTAK ENTERPRISES LLC 4624 CREST RIDGE LOOP BLAIR NE 68008 LANDSCAPING 135911 CYRACOM INTERNATIONAL INC PO BOX 74008076 CHICAGO IL 60674 PHONE INTERPRETER 121656 6 161657 161657 PATIENT SERVICES REV 621110 70422674 70422674 CAPITATION PAYMENTS 621110 1724918 1724918 DEPARTMENT SERVICES 621110 743894 743894 72891486 979 979 3101 -3101 -3101 -3101 SCHOOL RN PROGRAM 900099 408704 408704 MISCELLANOUS REVENUE 900099 104623 104623 IC RENTAL 900099 40252 40252 553579 73604600 73445065 0 -2122 43952901 41438316 2514585 3083405 2911905 171500 4378291 3737438 640853 2402670 2238818 163852 2482608 2482608 560 560 4247256 4094026 153230 528056 100 527956 14261285 14251910 9375 869189 869189 2839364 2816932 22432 17163 12535 4628 18272 18272 831633 831633 503488 81392 422096 REPAIRS/MAINT 573962 391819 182143 SALES & USE TAX 150570 2259 148311 PROF BUSINESS EXP 114599 109807 4792 PROFESSIONAL DUES 103723 86930 16793 215528 128959 86569 81574523 73153611 8420912 0 4025570 3891879 0 0 5547778 5105130 0 0 17822 18373 1846609 1921634 52718 102717 9286890 6260898 2843305 3025992 0 0 0 2749664 2068232 3027198 1405015 20110664 17538972 1195813 840793 0 0 0 0 0 0 0 27590876 33344127 28786689 34184920 X -8676025 -16645948 0 -8676025 -16645948 20110664 17538972 X -7969923 0 X 0 1 X 1 0 X 22837 1649124 44652 203627 161657 2081897 48730695 52107638 55033131 64856057 73445065 294172586 48753532 53756762 55077783 65059684 73606722 296254483 0 0 0 296254483 1476 2202 4791 14014 979 23462 1476 2202 4791 14014 979 23462 48755008 53758964 55082574 65073698 73607701 296277945 0.99990 0.99990 0.00010 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 343811 214751 129060 4083377 2478517 1604860 4207558 2915486 1292072 652144 652144 0 3025992 ACCOUNTS RECEIVABLE-AFFILIATES 1346852 OTHER RECEIVABLES 58163 1405015 ACCOUNTS PAYABLE - AFFILIATES 30397987 LEASE OBLIGATION 2050179 CURRENT PORTION OF LEASE PAYMENT 624965 OTHER PAYABLES 270996 33344127 X PART X, LINE 2: FIN 48 FOOTNOTE THE COMPANY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. DURING 2024 OR 2023, THE COMPANY DID NOT RECORD ANY AMOUNTS RELATED TO UNCERTAIN TAX POSITIONS OR ANY ACCRUED INTEREST AND PENALTIES. 0 1 0 0 0 0 0 0 0 CHANDA CHACON PRESIDENT & CEO 0 1114762 0 434981 0 208030 0 422331 0 15357 0 2195461 0 160000 CHRISTOPHER MALONEY MD EVP & PHYS IN CHIEF 0 620218 0 214514 0 231900 0 115155 0 432 0 1182219 0 171777 AMY HATCHER EVP & CFO 0 575887 0 185451 0 180219 0 113775 0 8549 0 1063881 0 128507 MALINDA BENDER MD VICE CHAIR 0 400385 0 28000 0 26124 0 23679 0 1981 0 480169 0 0 JAYAN VASUDEVAN MD DIRECTOR 0 277960 0 35000 0 16282 0 23608 0 23362 0 376212 0 0 KATIE VOLLMUTH MD SECRETARY/TREASURER 0 256843 0 12000 0 2795 0 15277 0 1511 0 288426 0 0 PART I, LINE 3 SEE SCHEDULE O FORM 900, PART VI, LINE 15 NARRATIVE REGARDING METHODS USED BY RELATED ORGANIZATIONS TO ESTABLISH COMPENSATION OF THE EXECUTIVES AND PHYSICIANS. PART-I LINE-4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN DURING 2024. THE AMOUNTS OF DEFERRED COMPENSATION DISTRIBUTED AND ACCRUED FOR EACH OF THE INDIVIDUALS DURING 2024 ARE AS FOLLOWS: CHANDA CHACON $229,000 ACCRUAL, $181,290 PLAN DISTRIBUTION CHRISTOPHER MALONEY $94,905 ACCRUAL, $197,450 PLAN DISTRIBUTION AMY HATCHER $90,225 ACCRUAL, $148,424 PLAN DISTRIBUTION FORM 990, PART VI, SECTION A, LINE 6 CHILDREN'S PHYSICIANS HAS A SINGLE CORPORATE MEMBER, CHILDREN'S HOSPITAL & MEDICAL CENTER. FORM 990, PART VI, SECTION A, LINE 7A CHILDREN'S PHYSICIANS HAS A SINGLE CORPORATE MEMBER, CHILDREN'S HOSPITAL & MEDICAL CENTER. FORM 990, PART VI, SECTION A, LINE 7B RESERVED POWERS OF CHILDREN'S HOSPITAL & MEDICAL CENTER (CHMC) DESIGNEE. NOTWITHSTANDING ANYTHING IN THESE BYLAWS TO THE CONTRARY, THE CONSENT OF THE MEMBER, ACTING THROUGH THE CHMC DESIGNEE, SHALL BE REQUIRED TO APPROVE THE FOLLOWING ACTIONS: I. ELECTION AND REMOVAL OF DIRECTORS. IN ACCORDANCE WITH THESE BYLAWS, THE MEMBER SHALL HAVE THE POWER TO APPOINT CERTAIN DIRECTORS OF THE CORPORATION UNDER ARTICLE IV, SECTION 1, AND REMOVE CERTAIN DIRECTORS OF THE CORPORATION UNDER ARTICLE IV, SECTION 11. THE MEMBER SHALL ALSO HAVE THE RIGHT TO APPROVE THE PERSON CREIGHTON UNIVERSITY WISHES TO APPOINT TO THE BOARD AS THE CREIGHTON APPOINTED DIRECTOR. II. APPOINTMENT AND REMOVAL OF CORPORATION ADMINISTRATIVE LEADER. IN ACCORDANCE WITH THESE BYLAWS, THE HOSPITAL DESIGNEE SHALL HAVE THE POWER TO APPOINT AND REMOVE THE PERSON DESIGNATED AS THE ADMINISTRATIVE LEADER OF THE CORPORATION. III. APPROVAL OF CERTAIN ACTIONS. THE FOLLOWING ACTIONS OF THE CORPORATION MUST BE APPROVED BY THE HOSPITAL DESIGNEE: (1) ADOPTION AND ADJUSTMENT OF THE CORPORATION'S ANNUAL BUDGET, CAPITAL EXPENDITURES BUDGET, MISSION STATEMENT, OPERATING PLAN, AND LONG-RANGE PLAN; (2) INCURRENCE OR ASSUMPTION OF DEBT (OTHER THAN TRADE PAYABLES); (3) ADOPTION OF COMPENSATION PLANS; (4) ANY DISTRIBUTIONS OF CAPITAL OR NET EARNINGS OF THE CORPORATION; (5) CHANGES TO THE ARTICLES OF INCORPORATION OR THESE BYLAWS; (6) ANY ACTION REQUIRED TO BE SUBMITTED TO AND APPROVED BY THE VOTING MEMBERS OF A NONPROFIT CORPORATION PURSUANT TO THE NEBRASKA NONPROFIT CORPORATION ACT; (7) REORGANIZATION AND TRANSFER OF ASSETS OUTSIDE OF THE ORDINARY COURSE OF BUSINESS; (8) ESTABLISHMENT OF A SUBSIDIARY OR PARTICIPATION AS A SHAREHOLDER, PARTNER, OR MEMBER OF ANY OTHER ENTITY; AND (9) ADMISSION OF NEW MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE FORM 990, EXCLUDING PART VII AND SCHEDULE J - COMPENSATION INFORMATION, IS MADE AVAILABLE TO THE CHILDREN'S HOSPITAL & MEDICAL CENTER BOARD OF DIRECTORS VIA THE BOARDVANTAGE BOARD PORTAL PRIOR TO FILING WITH THE IRS. A COMPLETE COPY OF THE FORM 990, INCLUDING PART VII AND SCHEDULE J - COMPENSATION INFORMATION, IS REVIEWED WITH THE COMPENSATION & HUMAN RESOURCES COMMITTEE OF THE CHILDREN'S HOSPITAL & MEDICAL CENTER BOARD OF DIRECTORS AT ITS NOVEMBER MEETING. FORM 990, PART VI, SECTION B, LINE 12C CHILDREN'S PHYSICIANS HAS A CONFLICT OF INTEREST POLICY WHICH EXISTS TO IDENTIFY AND ETHICALLY RESOLVE CONFLICTS OF INTEREST WHICH MAY EXIST ON THE PART OF DIRECTORS, OFFICERS, AND MEMBERS OF COMMITTEES AS REQUIRED BY STANDARDS PROMULGATED BY THE JOINT COMMISSION, THE INTERNAL REVENUE CODE AND TREASURY REGULATIONS GOVERNING TAX-EXEMPT ORGANIZATIONS, REQUIREMENTS PLACED UPON PROVIDERS BY MEDICARE AND MEDICAID PROGRAM REGULATIONS, AND STATE LAW. AN OFFICER, DIRECTOR, OR COMMITTEE MEMBER WILL BE DEEMED TO HAVE A POTENTIAL CONFLICT OF INTEREST IN A CONTRACT OR TRANSACTION IF HE OR SHE, OR A FAMILY MEMBER, IS A PARTY (OR ONE OF THE PARTIES) CONTRACTING OR DEALING WITH CHILDREN'S PHYSICIANS, OR IF HE OR SHE, OR A FAMILY MEMBER, IS A DIRECTOR, OFFICER, OR GENERAL PARTNER IN, OR HAS A FINANCIAL INTEREST IN, THE ENTITY CONTRACTING OR DEALING WITH CHILDREN'S PHYSICIANS. ANY POTENTIAL CONFLICT OF INTEREST SHOULD BE DISCLOSED TO THE BOARD OF DIRECTORS AND MADE A MATTER OF RECORD WHENEVER IT ARISES, OR WHENEVER IT INVOLVES A MATTER OF BOARD ACTION. ANY OFFICER, DIRECTOR, OR COMMITTEE MEMBER HAVING A POSSIBLE CONFLICT OF INTEREST IN ANY MATTER SHOULD NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER. TRANSACTIONS INVOLVING PERSONS WITH CONFLICTS MUST BE APPROVED IN ADVANCE BY A MAJORITY OF DISINTERESTED DIRECTORS. DISINTERESTED DIRECTORS ARE THOSE DIRECTORS HAVING NO DIRECT OR INDIRECT INTEREST IN THE ISSUE OR TRANSACTION. IN ORDER TO APPROVE AN ARRANGEMENT OR TRANSACTION INVOLVING CONFLICTS OF INTEREST, THE BOARD MUST FIRST FIND, BY MAJORITY VOTE OF DISINTERESTED DIRECTORS, AT A MEETING AT WHICH A QUORUM IS PRESENT, THAT THE ARRANGEMENT IS IN CHILDREN'S PHYSICIANS' BEST INTEREST, IS FAIR AND REASONABLE TO CHILDREN'S PHYSICIANS AND THAT, AFTER REASONABLE INVESTIGATION, THE DISINTERESTED DIRECTORS HAVE DETERMINED THAT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT CANNOT BE OBTAINED WITH REASONABLE EFFORTS UNDER THE CIRCUMSTANCES. ALL OFFICERS, DIRECTORS AND COMMITTEE MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE UPON INITIALLY JOINING THE BOARDS OF DIRECTORS AND ANNUALLY THEREAFTER. THE GOVERNANCE COMMITTEE OF CHILDREN'S HOSPITAL & MEDICAL CENTER'S BOARD OF DIRECTORS SHALL SERVE AS THE CONFLICT REVIEW COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, AN INDEPENDENT COMPANY CONDUCTS A MARKET ANALYSIS OF COMPENSATION TO SUBSTANTIATE THE COMPENSATION OF EXECUTIVES AND PHYSICIANS. THIS INFORMATION IS PRESENTED TO THE COMPENSATION COMMITTEE OF THE HOSPITAL BOARD OF DIRECTORS. THE INDEPENDENT COMPANY ISSUES AN ANNUAL REASONABLENESS OPINION LETTER REGARDING THE APPROPRIATENESS OF EXECUTIVE AND PHYSICIAN PAY LEVELS. THE HOSPITAL BOARD OF DIRECTORS RECEIVES A REPORT FROM THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. CHILDREN'S HOSPITAL & MEDICAL CENTER AND AFFILIATES AUDITED FINANCIAL STATEMENTS CAN BE OBTAINED IN ADMINISTRATION. FORM 990, PART XI, LINE 10: CHILDREN'S PHYSICIANS IS SUPPORTED BY CAPITAL TRANSFERS FROM ITS PARENT, CHILDREN'S HOSPITAL & MEDICAL CENTER, AS IT IS AN INTEGRAL PART OF THE ORGANIZATION. THE NEGATIVE FUND BALANCE AT YEAR-END WAS BASED UPON AN ESTIMATE OF REQUIRED FUNDING. CHILDREN'S HOSPITAL & MEDICAL CENTER 8200 DODGE STREET OMAHA NE 68114 470379754 PEDIATRICS NE 501(C)(3) LINE 3 N/A 0 CHILDREN'S HOSPITAL & MEDICAL CENTER FDN 8200 DODGE STREET OMAHA NE 68114 476105603 FUNDRAISING NE 501(C)(3) LINE 7 CHMC 0 CHILDREN'S HEALTH NETWORK 8200 DODGE STREET OMAHA NE 68114 363967578 HEALTH NETWORK NE CHMC C 0 KENT INC 8200 DODGE STREET OMAHA NE 68114 470527928 REAL ESTATE NE CHMC C 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0