Civic Intelligence

Radiology Associates of Children'S Hospital Inc

990 • Fiscal year 2014 • EIN 23-2665855

Jul 01, 2013 to Jun 30, 2014 • Filed on May 07, 2015

100 Penn Square EastSuite19107

(267) 425-9602

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.17x

Higher debt load relative to assets than 39% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

27th percentile

0.13x

Higher debt load relative to revenue than 27% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

60th percentile

7.1%

Higher net margin than 60% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$862,466

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

90th percentile

25%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$20,807,713

Up $4,219,009 (+25%) from 2013

Net Assets

Up

$17,297,725

Up $3,566,382 (+26%) from 2013

Liabilities

Up

$3,509,988

Up $652,627 (+23%) from 2013

Revenue

$26,290,215

No earlier filing loaded for comparison.

Expenses

Up

$24,412,466

Up $1,986,451 (+8.9%) from 2013

Net Income

$1,877,749

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $14,437,624Liabilities 2010: $4,642,082Net Assets 2010: $9,795,5422010Assets 2011: $17,555,512Liabilities 2011: $4,629,736Net Assets 2011: $12,925,7762011Assets 2012: $16,209,324Liabilities 2012: $3,524,776Net Assets 2012: $12,684,5482012Assets 2013: $16,588,704Liabilities 2013: $2,857,361Net Assets 2013: $13,731,3432013Assets 2014: $20,807,713Liabilities 2014: $3,509,988Net Assets 2014: $17,297,7252014Assets 2015: $22,757,666Liabilities 2015: $5,932,029Net Assets 2015: $16,825,6372015Assets 2016: $22,461,485Liabilities 2016: $3,288,122Net Assets 2016: $19,173,3632016Assets 2017: $25,538,203Liabilities 2017: $4,795,801Net Assets 2017: $20,742,4022017Assets 2018: $29,605,904Liabilities 2018: $5,817,115Net Assets 2018: $23,788,7892018Assets 2019: $35,199,644Liabilities 2019: $4,743,268Net Assets 2019: $30,456,3762019Assets 2020: $42,399,652Liabilities 2020: $11,001,501Net Assets 2020: $31,398,1512020Assets 2021: $46,682,181Liabilities 2021: $5,949,698Net Assets 2021: $40,732,4832021Assets 2022: $46,410,136Liabilities 2022: $6,540,611Net Assets 2022: $39,869,5252022Assets 2023: $48,063,116Liabilities 2023: $7,700,195Net Assets 2023: $40,362,9212023Assets 2024: $49,533,936Liabilities 2024: $9,226,885Net Assets 2024: $40,307,0512024

Highlighted filing

2014

Assets$20,807,713
Liabilities$3,509,988
Net Assets$17,297,725

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $19,644,1662010Expenses 2011: $19,148,2822011Expenses 2012: $21,627,3302012Expenses 2013: $22,426,0152013Revenue 2014: $26,290,215Expenses 2014: $24,412,466Net Income 2014: $1,877,7492014Revenue 2015: $29,211,853Expenses 2015: $29,179,420Net Income 2015: $32,4332015Revenue 2016: $29,383,503Expenses 2016: $26,959,441Net Income 2016: $2,424,0622016Revenue 2017: $29,343,997Expenses 2017: $28,710,207Net Income 2017: $633,7902017Revenue 2018: $32,314,688Expenses 2018: $30,039,180Net Income 2018: $2,275,5082018Revenue 2019: $34,604,456Expenses 2019: $27,987,832Net Income 2019: $6,616,6242019Revenue 2020: $30,818,091Expenses 2020: $30,029,784Net Income 2020: $788,3072020Revenue 2021: $35,756,530Expenses 2021: $29,277,593Net Income 2021: $6,478,9372021Revenue 2022: $38,002,475Expenses 2022: $34,404,388Net Income 2022: $3,598,0872022Revenue 2023: $40,600,246Expenses 2023: $41,534,350Net Income 2023: -$934,1042023Revenue 2024: $45,996,234Expenses 2024: $47,437,596Net Income 2024: -$1,441,3622024

Highlighted filing

2014

Revenue$26,290,215
Expenses$24,412,466
Net Income$1,877,749
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 7, 2015
Return Version
2013v4.0
Gross Receipts
$28,267,252
Mission and Program Overview

Mission

To provide radiology and medical imaging services for patients and educational, research and administrative services to the children's hospital of philadelphia and the university of pennsylvania school of medicine.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,135,892$14,096,421▲ $1,960,529
Cash and Non-Interest-Bearing Accounts$1,898,515$3,191,103▲ $1,292,588
Accounts Receivable$1,852,448$2,721,902▲ $869,454
Savings and Temporary Cash Investments$246,335$267,441▲ $21,106
Land, Buildings, and Equipment, Net$57,587$35,941▼ $21,646
Prepaid Expenses and Deferred Charges$7,540$0▼ $7,540
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$16,588,704$20,807,713▲ $4,219,009
Other Assets Total$390,387$494,905▲ $104,518
Liabilities
Accounts Payable and Accrued Expenses$2,857,361$3,509,988▲ $652,627
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,857,361$3,509,988▲ $652,627
Net Assets / Fund Balance
Unrestricted Net Assets$13,731,343$17,297,725▲ $3,566,382
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$13,731,343$17,297,725▲ $3,566,382
Total Liabilities and Net Assets / Fund Balance$16,588,704$20,807,713▲ $4,219,009

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,941$40,233$76,174
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diego Jaramillo MdPresident/treasurerFT$537,234$325,232$862,466
Anne Marie Cahill MdDirector Assistant SecretaryFT$427,988$133,746$561,734
Robert Zimmerman MdAsst Vice PresidentFT$403,993$149,912$553,905
Mark Keller MdAsst TreasurerFT$345,592$182,366$527,958
James Meyer MdVice President/secretaryFT$353,389$133,035$486,424
Kassa Darge MdDirectorFT$349,545$132,843$482,388
Richard Markowitz MdProfessorFT$204,246$47,436$251,682

Board Members and Trustees

NameTitle
Chris TomlinsonExecutive Director Asst Treas.

Highest Paid Contractors

ContractorServicesLocationCompensation
University Of PennsylvaniaSalaries-$14,816,594
ScimageConsulting-$153,539
Hit ApplicationsConsulting-$111,087
Idc PartnersConsulting-$101,563
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$25,557,377
Investment Income
$732,838
Other Revenue
$0
Change in Net Assets
$1,877,749

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,290,215
Revenue Not Reported on Form 990
$1,688,633
Total Revenue per Audited Statements
$27,978,848
Total Revenue per Form 990
$26,290,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,720,128
Other Expenses$3,147,338
Grants and Similar Amounts Paid$1,545,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,879,947$2,331,979-$13,211,926
Current Officers, Directors, Trustees, and Key Employees$3,203,855$236,851-$3,440,706
Other Employee Benefits$2,112,761$559,161-$2,671,922
Grants to Domestic Orgs$1,545,000--$1,545,000
Fees for Services Other$540,316$806,415-$1,346,731
Insurance$609,959$86,248-$696,207
Conferences and Meetings$267,061$157,163-$424,224
Comp Disqual Persons$276,460$20,438-$296,898
All Other Expenses$76,195$122,635-$198,830
Office Expenses-$99,704-$99,704
Payroll Taxes-$98,676-$98,676
Fees for Services Accounting-$39,183-$39,183
Information Technology-$24,807-$24,807
Fees for Service Investment Mgmnt Fees-$23,035-$23,035
Occupancy-$22,171-$22,171
Depreciation Depletion-$21,646-$21,646
Fees for Services Legal-$7,200-$7,200
Other Expenses$7,029$12,220-$7,029
Total Functional Expenses$19,657,528$4,754,938$0$24,412,466

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$24,412,466
Total Expenses per Audited Statements$24,412,466
Total Expenses per Form 990$24,412,466
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
22-2237932-501(c)(3)-$1,545,000

International Summary

Employees
31
Spending
$101,407

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program ServicesConference & Meetings-8$31,147
North AmericaProgram ServicesConference & Meetings-8$24,343
East Asia and the PacificProgram ServicesConference & Meetings-4$18,714
Russia and the Newly Independent StatesProgram ServicesConference & Meetings-3$9,542
South AmericaProgram ServicesConference & Meetings-3$7,903
Middle East and North AfricaProgram ServicesConference & Meetings-4$6,502
South AsiaProgram ServicesConference & Meetings-1$3,256
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Lines 6 and 7

The sole-member of rach is dr. Diego jaramillo. As the sole-member, dr. Jaramillo surrenders all economic rights to chop.

Form 990, Part VI, Section A, Line 7B

Certain actions of the board of directors of the organization, such as amendment of the bylaws, are subject to approval by the children's hospital of philadelphia practice association (choppa), a section 501(c)(3) affiliate that coordinates many of the practice plan activities.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the board.

Form 990, Part VI, Section B, Line 11B

A copy of this return was reviewed by the radiology associates of children's hospital, inc. Board of directors and the children's hospital of philadelphia board audit and compliance committee. Prior to its being filed, the form 990 was also made available to the entire governing body of the children's hospital of philadelphia through a secure website maintained by the children's hospital of philadelphia.

Form 990, Part VI, Section B, Line 12

THE ORGANIZATION HAS ADOPTED THE CONFLICTS OF INTEREST POLICY OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA. THE CHILDREN'S HOSPITAL OF Philadelphia maintains a written Conflicts of Interest Policy that applies to, inter alia, all of its Trustees, officers, employees, members of the Medical Staff and researchers of The Children's Hospital of Philadelphia and its affiliates. The Policy requires annual conflicts of interest statements from: Trustees and officers of the Hospital and its affiliates; the President and others in Senior Management; administrative personnel serving at the level of manager and above and certain other categories of employees defined in the conflicts of interest policy (such as persons known to place orders with vendors); Department Chairs, division chiefs and other members of the Medical Staff; members of the Hospital Research Staff; designated employees of practice plans affiliated with the Hospital; and other persons designated by management. The statement tracks the conflicts of interest policy, requiring each person to disclose information for the reporting period regarding the existence and nature of gifts, outside interests, outside activities and other matters constituting a potential, perceived or actual conflict of interest, and to certify that they have read the policy and answered fully, accurately and to the best of their knowledge. After confirmation that all questions have been answered, the statements are reviewed by the relevant Vice President, Department Chair or other executive (or their designee), tracked by the Office of Compliance and Privacy (OC&P), and all statements disclosing potential, perceived or actual conflicts are reviewed initially by the OC&P with further review and follow-up as needed conducted by the Office of General Counsel (OGC). The conflicts statements submitted by Trustees of the Hospital and Foundation, and members of Senior Management, are reviewed by the OGC and OC&P and the disclosures are summarized in memoranda distributed to and reviewed by the members of the Audit and Compliance Committee of the Hospital and Foundation Boards. The remaining conflicts statements containing affirmative disclosures are reviewed by staff in the OGC and OC&P. In reviewing annual statements where an actual, perceived or potential conflict is disclosed, where problems are identified that need to be addressed, the goal is to eliminate or manage the conflict going forward and ensure that, as to employees or others on the Medical or Research Staff, the relevant supervisor is aware of the issue. Summary information about compliance with the policy's requirement to submit annual statements and disclosures contained therein is provided in memoranda to the Audit and Compliance Committee of the Boards. In addition, if any matter involving a potential violation of the conflict of interest policy is brought to the attention of management during the course of the year, a review is conducted by either the relevant department's management, OGC or OC&P, as appropriate.

Form 990, Part VI, Section B, Line 15

The compensation of officers or key employees who are physicians/scientists (including the chairman) is reviewed and approved by an independent compensation committee of the boards of the children's hospital of philadelphia and the children's hospital of philadelphia foundation. The committee reviews and approves in advance the compensation to be provided to all faculty physicians and scientists, including the chairman. For each such person, this process was last performed in 2013. In making its determinations, the committee considers the performance of the organization and that of the covered individual as well as related business judgment factors. It also considers market comparison reports prepared by an external compensation consultant with significant experience in performing executive and physician compensation assessments for not-for-profit healthcare organizations. The committee's process is designed to qualify for the rebuttable presumption of reasonableness for those individuals who are disqualified persons. The peer group for executives generally includes large and complex academic medical centers and health systems. For physicians and scientists, the peer group generally includes academic medical centers. Information from other organizations may also be considered where appropriate for the position. For those individuals who are not physicians or scientists, their compensation is established according to an administrative compensation plan of the children's hospital of philadelphia, which includes consideration of market compensation for similar positions, and that has a potential for incentive compensation based on productivity, performance and other factors for certain positions.

Form 990, Part VI, Section C, Line 19

Form 990 and financial statements are made available upon request. The conflicts of interest policy is available on the children's hospital of philadelphia's website.

Filing and Contact Details

Filer

EIN
23-2665855
In Care Of
% JOANNE MASON
Phone
2674259602

Signing Officer

Name
Diego Jaramillo
Title
President
Phone
2674259602
Signed
2015-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diego Jaramillo Md
Formed
1991
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Erica R Mcreynolds
Phone
2674259602
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

To provide radiology and medical imaging services for patients and educational, research and administrative services to the children's hospital of philadelphia and the university of pennsylvania school of medicine. Form 990, part iv, line 12 an audit is performed on an obligated group which includes the children's hospital of philadelphia, the children's hospital of philadelphia foundation, and first medical insurance company. An audit is also performed on a consolidated basis which includes the obligated group, pgh development corporation, children's anesthesiology associates, ltd., children's anesthesiology associates of nj, inc., children's health care associates, inc., children's health care associates of nj, children's surgical associates ltd., children's surgical associates of nj, inc., surgical research and education foundation and radiology associates of children's hospital, inc.

Form 990, Part XI, Line 9

Transfer from rrg 400,275

Financial Statement Notes

Part XI, Line 2D

Transfer from rrg 400,275

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0269071
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0360780
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0253105
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt021310752
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt020236753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt020610150
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0230419
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0181707

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$49.5$9.23$40.3$46.0$47.4$1.44
2023Detailed filing. Detailed filing data is available for this year.$48.1$7.70$40.4$40.6$41.5$0.93
2022Detailed filing. Detailed filing data is available for this year.$46.4$6.54$39.9$38.0$34.4$3.60
2021Detailed filing. Detailed filing data is available for this year.$46.7$5.95$40.7$35.8$29.3$6.48
2020Detailed filing. Detailed filing data is available for this year.$42.4$11.0$31.4$30.8$30.0$0.79
2019Detailed filing. Detailed filing data is available for this year.$35.2$4.74$30.5$34.6$28.0$6.62
2018Detailed filing. Detailed filing data is available for this year.$29.6$5.82$23.8$32.3$30.0$2.28
2017Detailed filing. Detailed filing data is available for this year.$25.5$4.80$20.7$29.3$28.7$0.63
2016Detailed filing. Detailed filing data is available for this year.$22.5$3.29$19.2$29.4$27.0$2.42
2015Detailed filing. Detailed filing data is available for this year.$22.8$5.93$16.8$29.2$29.2$0.03
2014Detailed filing. Detailed filing data is available for this year.$20.8$3.51$17.3$26.3$24.4$1.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$2.86$13.7$22.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$3.52$12.7$21.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$4.63$12.9$19.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$4.64$9.80$19.6