Civic Intelligence

Phoenix Children'S Hospital

EIN 86-0422559 • 501(c)3 • Phoenix, AZ

Profile

To advance hope, healing and the best healthcare for children and their families.

1919 E Thomas RoadPhoenix, AZ 85016

www.phoenixchildrens.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.40x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.67x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$3,558,771

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

48th percentile

7.0%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,866,348,652

Up $187,585,325 (+7.0%) from 2023

Liabilities

Down

$1,160,211,087

Down $83,288,221 (-6.7%) from 2023

Net Assets

Up

$1,706,137,565

Up $270,873,546 (+19%) from 2023

Revenue

Up

$1,736,932,091

Up $256,220,229 (+17%) from 2023

Expenses

Up

$1,538,377,122

Up $220,902,101 (+17%) from 2023

Net Income

Up

$198,554,969

Up $35,318,128 (+22%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0B$2.0B$1.0B$0Assets 2010: $850,506,825Liabilities 2010: $609,366,961Net Assets 2010: $241,139,8642010Assets 2011: $878,510,889Liabilities 2011: $710,108,391Net Assets 2011: $168,402,4982011Assets 2012: $968,266,292Liabilities 2012: $770,293,399Net Assets 2012: $197,972,8932012Assets 2013: $1,051,324,162Liabilities 2013: $772,228,687Net Assets 2013: $279,095,4752013Assets 2014: $1,099,783,522Liabilities 2014: $795,406,550Net Assets 2014: $304,376,9722014Assets 2015: $1,281,905,997Liabilities 2015: $949,657,143Net Assets 2015: $332,248,8542015Assets 2016: $1,317,889,997Liabilities 2016: $886,078,952Net Assets 2016: $431,811,0452016Assets 2017: $1,403,858,646Liabilities 2017: $878,800,056Net Assets 2017: $525,058,5902017Assets 2018: $1,413,019,681Liabilities 2018: $859,021,619Net Assets 2018: $553,998,0622018Assets 2019: $1,698,002,089Liabilities 2019: $1,035,302,666Net Assets 2019: $662,699,4232019Assets 2020: $2,350,844,527Liabilities 2020: $1,449,691,605Net Assets 2020: $901,152,9222020Assets 2021: $2,455,450,132Liabilities 2021: $1,285,852,851Net Assets 2021: $1,169,597,2812021Assets 2022: $2,420,571,714Liabilities 2022: $1,260,176,339Net Assets 2022: $1,160,395,3752022Assets 2023: $2,678,763,327Liabilities 2023: $1,243,499,308Net Assets 2023: $1,435,264,0192023Assets 2024: $2,866,348,652Liabilities 2024: $1,160,211,087Net Assets 2024: $1,706,137,5652024

Highlighted filing

2024

Assets$2,866,348,652
Liabilities$1,160,211,087
Net Assets$1,706,137,565

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0B$1.5B$1.0B$500M$0Expenses 2010: $413,652,3402010Expenses 2011: $503,825,6752011Expenses 2012: $634,335,4552012Revenue 2013: $655,164,660Expenses 2013: $623,312,643Net Income 2013: $31,852,0172013Revenue 2014: $737,023,017Expenses 2014: $661,305,796Net Income 2014: $75,717,2212014Revenue 2015: $791,731,657Expenses 2015: $744,650,140Net Income 2015: $47,081,5172015Revenue 2016: $847,339,788Expenses 2016: $776,247,277Net Income 2016: $71,092,5112016Revenue 2017: $879,053,044Expenses 2017: $813,153,291Net Income 2017: $65,899,7532017Revenue 2018: $939,877,363Expenses 2018: $853,166,680Net Income 2018: $86,710,6832018Revenue 2019: $1,040,240,354Expenses 2019: $954,317,316Net Income 2019: $85,923,0382019Revenue 2020: $1,180,617,311Expenses 2020: $963,409,811Net Income 2020: $217,207,5002020Revenue 2021: $1,269,700,865Expenses 2021: $1,082,463,764Net Income 2021: $187,237,1012021Revenue 2022: $1,331,683,534Expenses 2022: $1,179,958,339Net Income 2022: $151,725,1952022Revenue 2023: $1,480,711,862Expenses 2023: $1,317,475,021Net Income 2023: $163,236,8412023Revenue 2024: $1,736,932,091Expenses 2024: $1,538,377,122Net Income 2024: $198,554,9692024

Highlighted filing

2024

Revenue$1,736,932,091
Expenses$1,538,377,122
Net Income$198,554,969

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,866$1,160$1,706$1,737$1,538$199
2023Detailed filing. Detailed filing data is available for this year.$2,679$1,243$1,435$1,481$1,317$163
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,421$1,260$1,160$1,332$1,180$152
2021Detailed filing. Detailed filing data is available for this year.$2,455$1,286$1,170$1,270$1,082$187
2020Detailed filing. Detailed filing data is available for this year.$2,351$1,450$901$1,181$963$217
2019Detailed filing. Detailed filing data is available for this year.$1,698$1,035$663$1,040$954$85.9
2018Detailed filing. Detailed filing data is available for this year.$1,413$859$554$940$853$86.7
2017Detailed filing. Detailed filing data is available for this year.$1,404$879$525$879$813$65.9
2016Detailed filing. Detailed filing data is available for this year.$1,318$886$432$847$776$71.1
2015Detailed filing. Detailed filing data is available for this year.$1,282$950$332$792$745$47.1
2014Detailed filing. Detailed filing data is available for this year.$1,100$795$304$737$661$75.7
2013Detailed filing. Detailed filing data is available for this year.$1,051$772$279$655$623$31.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$968$770$198$634
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$879$710$168$504
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$851$609$241$414
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 5, 2025
Return Version
2024v5.1
Gross Receipts
$1,776,754,264
Mission and Program Overview

Mission

We provide hope, healing and the best healthcare for children and their families.

To advance hope, healing and the best healthcare for children and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,220,995,152$1,314,564,597▲ $93,569,445
Land, Buildings, and Equipment, Net$731,072,424$772,775,268▲ $41,702,844
Cash and Non-Interest-Bearing Accounts$291,248,584$280,823,354▼ $10,425,230
Accounts Receivable$200,218,669$233,394,391▲ $33,175,722
Intangible Assets$24,871,061$23,693,283▼ $1,177,778
Inventories for Sale or Use$20,931,127$21,163,489▲ $232,362
Prepaid Expenses and Deferred Charges$16,853,485$18,492,020▲ $1,638,535
Investments Program Related$2,030,239$2,030,239→ $0
Savings and Temporary Cash Investments$0$0→ $0
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--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,678,763,327$2,866,348,652▲ $187,585,325
Other Assets Total$170,542,586$199,412,011▲ $28,869,425
Liabilities
Tax Exempt Bond Liabilities$743,708,530$722,476,493▼ $21,232,037
Other Liabilities$295,661,696$250,338,089▼ $45,323,607
Accounts Payable and Accrued Expenses$199,084,677$181,684,537▼ $17,400,140
Deferred Revenue$5,044,405$5,711,968▲ $667,563
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$1,243,499,308$1,160,211,087▼ $83,288,221
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,423,571,723$1,695,959,812▲ $272,388,089
Net Assets With Donor Restrictions$11,692,296$10,177,753▼ $1,514,543
Total Net Assets Fund Balance$1,435,264,019$1,706,137,565▲ $270,873,546
Total Liabilities and Net Assets / Fund Balance$2,678,763,327$2,866,348,652▲ $187,585,325

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$747,549,242$3,995,061$751,544,303
Buildings$173,718,093$381,476,813$555,194,906
Equipment$-184,401,735$300,063,543$115,661,808
Land$48,979,904-$48,979,904
Leasehold Improvements$-13,070,236$31,785,556$18,715,320
Other Assets Org$106,309,738--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$23,799,274$10,649,774▲ $2,476,324-$36,915,003
2023$21,037,040$-390,785▲ $3,162,884-$23,799,274
2022$24,479,239$2,610,698▼ $6,040,060-$21,037,040
2021$20,577,408$2,413,074▲ $1,488,757-$24,479,239
2020$19,962,122$-272,250▲ $887,536-$20,577,408
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert L MeyerDirector/president & CEOFT$1,385,206$2,173,565$3,558,771
Daniel Velez MdDivision ChiefFT$1,498,369$171,902$1,670,271
Jared Muenzer MdEvp, Chief Physician ExecutiveFT$767,303$757,993$1,525,296
Daniel Ostlie MdSVP, Surgeon in ChiefFT$964,778$516,771$1,481,549
Mark Molitor Jr MdPediatric SurgeonFT$959,105$301,838$1,260,943
Carmen NeubergerEvp/general Counsel/secretaryFT$556,508$681,598$1,238,106
David Notrica MdPediatric SurgeonFT$914,284$300,764$1,215,048
David HigginsonEvp & Chief Innovation OfficerFT$474,618$733,484$1,208,102
Benjamin Padilla MdPediatric SurgeonFT$893,649$313,709$1,207,358
Michelle BruhnEvp & CFO/treasurerFT$705,824$449,837$1,155,661
Brian MeyerSVP/CIOFT$442,083$466,553$908,636
Kety DuronSVP, Human ResourcesFT$459,944$386,863$846,807
Nathan Page MdMedical Staff, VPFT$671,171$93,098$764,269
Chad JohnsonSVP, PccnFT$408,320$325,944$734,264
Russ KorcuskaSVP, Construction & Special ProjectsFT$357,379$331,710$689,089
Blake Bulloch MdMedical Staff, President (thru 04/2024)FT$548,816$113,468$662,284
Tamra KaplanSVP, Operations (thru 12/2024)FT$328,625$271,995$600,620
Justin BradshawEvp, Chief Operating Officer (start 06/2024)FT$87,006$513,322$600,328
Dustin Rayhorn MdMedical Staff, President (start 04/2024)FT$281,434$51,095$332,529
Rich LehmuthSVP, Strategic Planning (thru 12/2023)-$16,704$308,282$324,986
Kari CornicelliFormer Evp & CFO/treasurer (thru 08/2022)-$111,806-$111,806

Board Members and Trustees

NameTitle
David LenhardtDirector/chair
Michael EbertDirector/vice Chair
Donald SlagerDirector
George F GetzDirector
Jon HulburdDirector
Molly Ryan CarsonDirector
Omar AlvarezDirector
Rich BoalsDirector
Robert M DelgadoDirector
Taylor BurkeDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
KitchellConstruction1707 E HIGHLAND SUITE 100, Phoenix, AZ 85016$48,914,197
Sodexo INC And AffiliatesOutsourcing9801 WASHINGTON BLVD, Gaithersberg, MD 20870$32,394,897
Medefis Consolidated INCOutsourcingPO BOX 5068, New York, NY 10087$11,751,706
Dpr ConstructionConstruction222 N 44TH ST, Phoenix, AZ 85034$10,567,699
Atmosphere Commercial InteriorsConstruction81 S 9TH ST STE 350, Minneapolis, MN 55402$7,593,475
Revenue and Support

Revenue Composition

Contributions and Grants
$67,127,107
Program Service Revenue
$1,607,258,891
Investment Income
$60,855,570
Other Revenue
$1,690,523
Change in Net Assets
$198,554,969

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$936,615,546
Other Expenses$601,758,576
Total Fundraising Expense$118,613
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$652,021,314$107,436,791-$759,458,105
Fees for Services Other$97,923,723$13,266,436$118,613$111,308,772
Other Employee Benefits$80,619,063$12,329,428-$92,948,491
Depreciation Depletion$54,861,999$11,072,724-$65,934,723
Payroll Taxes$41,366,782$5,303,030-$46,669,812
Other Expenses$19,080,886$4,759,627-$23,840,513
Pension Plan Contributions-$22,877,912-$22,877,912
Information Technology$10,206,733$12,298,774-$22,505,507
Interest$3,325,947$16,325,298-$19,651,245
Occupancy$19,089,381$379,962-$19,469,343
Current Officers, Directors, Trustees, and Key Employees-$14,549,420-$14,549,420
All Other Expenses$13,883,270$320,885$0$14,204,155
Office Expenses$9,827,315$3,778,651-$13,605,966
Insurance$12,933,357--$12,933,357
Advertising$43,221$4,015,598-$4,058,819
Fees for Services Legal$2,403,891$1,467,933-$3,871,824
Conferences and Meetings$2,642,367$125,235-$2,767,602
Travel$1,424,612$1,123,315-$2,547,927
Fees for Services Accounting-$445,000-$445,000
Fees for Service Investment Mgmnt Fees$395,384--$395,384
Fees for Services Lobbying$118,613--$118,613
Comp Disqual Persons-$111,806-$111,806
Grants to Domestic Orgs$3,000--$3,000
Total Functional Expenses$1,306,165,310$232,093,199$118,613$1,538,377,122

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
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
Yes
Subject to proxy tax
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany$94,524,551
Federal Income Taxes$87,056,963
Mark to Market Liability$27,218,735
Lt Lease Liability$18,733,582
Deferred Compensation Liability$9,840,187
Payroll Liabilities$9,369,336
Current Lease Liability$3,594,735
Other Liabilities-

Bond Issues

BondIssuerIssuedIssue PricePurpose
BArizona Industrial Development Authority2020-08-20$289,996,658The purpose was establishing project funds for facility expansion.
CArizona Industrial Development Authority2021-11-03$189,962,070The purpose was refunding remaining series 2012a bonds.
AArizona Industrial Development Authority2019-05-14$159,250,000The purpose was establish project funds for capital acquisition and partially refund 2013 bonds.
DArizona Industrial Development Authority2022-08-25$70,920,000The purpose was to refund the remaining Series 2013A-3 bonds.
BThe Industrial Development Authority of the County of Maricopa2024-12-04$45,140,000The purpose was to refund the 2013b bonds
AArizona Industrial Development Authority2022-10-18$20,000,000To establish project funds for capital projects at hospital, healthcare, and related facilities.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$299,333,680$31,984,670$3,485,000$3,117,836
C$189,962,070$188,921,508$11,250,000$1,040,562
A$160,082,126$151,713,568$4,770,000$0
D$70,920,000$70,211,038$1,030,000$708,962
B$45,140,000$44,705,000$0$435,000
A$20,340,722$5,534$485,000$243,478

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
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, Line 1A EXECUTIVE COMMITTEE

Pch has an executive committee that may exercise the power and authority of the board of directors in the intervals between meetings of the board of directors, except as otherwise provided in the bylaws. The executive committee may review all policy matters in connection with the operations of the corporation and may make recommendations with respect to such matters to the board of directors.

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

ROBERT MEYER AND BRIAN MEYER - Family relationship

Form 990, Part VI, Line 6 Classes of members or stockholders

The two members of pch are dignity health and children's healthcare of arizona, inc.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Members of the governing body are nominated by the two corporate members, and approval for election is required by a majority of the board of directors. Decisions of the governing body are subject to approval by members.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The members of pch have certain rights as outlined in the affiliation agreement and the bylaws with regard to governance decisions of the organization.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The vp of finance, evp/cfo and ceo review the form 990. The board of directors also review the form 990 before filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Pch and its affiliate organizations requires each of its directors, officers, and vice presidents to complete an annual disclosure form, identifying real or potential conflicts, such as financial relationships or interests, family or business associations or employee relationships with pch and/or its directors, officers and key employees. If situations are disclosed that present actual or potential conflicts of interest, they are reported to the ceo and the board of directors. Resolution and/or avoidance of conflict of interest situations resides with the board and the ceo.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Pch uses the services of an outside compensation consulting firm to make market comparisons of compensation, including both base salary and incentive programs. These plans are reviewed with and ultimately approve by the board of directors' compensation committee. After completion of the year end audit, the compensation committee meets to evaluate performance of the ceo and key executives and to approve the recommendation of the svp of human resources and the ceo, based on the criteria in the previously approved plan. This process was last completed in 2024.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Pch uses the services of an outside compensation consulting firm to make market comparisons of compensation, including both base salary and incentive programs. These plans are reviewed with and ultimately approve by the board of directors' compensation committee. After completion of the year end audit, the compensation committee meets to evaluate performance of the ceo and key executives and to approve the recommendation of the svp of human resources and the ceo, based on the criteria in the previously approved plan. This process was last completed in 2024.

Form 990, Part VI, Line 19 Required documents available to the public

Such documents are not required to be made available; however, they will be provided upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Phoenix Children's Hospital
EIN
86-0422559
Phone
6029336565
Address
1919 E Thomas Road, Phoenix, AZ 85016

Signing Officer

Name
Robert L Meyer
Title
President & CEO
Phone
6029330400
Signed
2025-09-05
Discuss with paid preparer
Yes

Organization Details

Formed
1983
Legal Domicile
Az
Voting Board Members
13
Independent Board Members
10
Employees
9,270
Volunteers
1,123

Preparer

Firm
Ernst & Young US Llp
Address
101 E WASHINGTON ST, PHOENIX, AZ 85004
Preparer
Steven T Rutti
Phone
6023223000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6 VOLUNTEERS

Volunteers make a difference for patients and families at phoenix children's hospital (pch) every day by giving the gift of time. The volunteers each have something unique to offer and come from all backgrounds and walks of life. Volunteers are an important part of pch's team that provides the best hope, healing and care to children and families. Each week, volunteers donate three to four hours of service in over 50 areas of the hospital. Pch volunteers pledge a minimum of 100 hours and must be at least 16 years of age. Volunteers go through the same screening and orientation process as employees in terms of application, background check, general hospital orientation, hipaa, confidentiality training, extensive hands-on training and additional training as necessary for different positions.

Form 990, Part III, Line 4A PROGRAM SERVICE DESCRIPTION CONTINUED 2/4

From birth through early adulthood, bones, joints and muscles (the musculoskeletal system) go through many changes. Because growth and development is happening at such a fast pace, injuries, diseases and conditions affecting a young person's musculoskeletal system can be challenging to treat. Children aren't just small adults; they require a different kind of care. The team at the top-ranked herbert j. Louis center for pediatric orthopedics at phoenix children's is expertly trained to care for children and teens who experience musculoskeletal injuries or diseases and conditions impacting musculoskeletal function. When you choose phoenix children's for your child's care, you choose an orthopedics team dedicated to caring for the unique needs of children. You can count on us to think about your child's long-term health and offer them the treatment that's most appropriate for their stage of development. Our goal is to return your child to normal function and movement as quickly and safely as possible. Team approach to care - many problems associated with a child's bones, joints or muscles require care from more than one medical specialty. The phoenix children's orthopedics team partners with experts across the organization to provide advanced care. We do this through a number of specialty centers, programs and clinics, like: * bone abnormality clinic * cerebral palsy clinic * limb reconstruction and lengthening program * osteogenesis imperfecta clinic * sarcoma clinic * scoliosis program * skeletal health and dysplasia clinic * spina bifida clinic * concussion clinic children and teens are not simply little adults: they are growing and changing. Young athletes require specialized care from providers who understand how their bones, joints and muscles develop. They also need providers who understand non-musculoskeletal aspects of sports medicine, like concussions. The sports medicine team is focused on injury prevention, treatment, education and family-centered care for growing athletes and young adults. Our team of sports medicine doctors were first trained in pediatrics and then completed specialized training in sports medicine. Many were youth athletes themselves, so they come equipped with a unique understanding of physical competition starting at a young age. Our associated sports medicine physical therapy program was designed with young athletes in mind and is the only sports medicine physical therapy facility in the valley dedicated exclusively to serving growing athletes. When you choose phoenix children's for your child's care, you are choosing a sports medicine team dedicated to providing the support and healing they need to recover quickly and perform at their highest potential. You can count on our team to consider your child's long-term health and offer education and training, along with a treatment treatment plan that is most appropriate for their stage of development and your family's needs. Commitment to community our sports medicine team is committed to serving the needs of young athletes in our community. Our team includes athletic trainers who work alongside phoenix children's physicians and staff in our clinics, as well as collaborate directly with athletes and coaches in the community. Our physicians and athletic trainers support: club sports: our team supports the sports medicine and athletic training needs of area soccer, baseball, football, rugby and softball clubs. Dance medicine: we provide sports medicine care for pre-company (pre-professional) dancers associated with the ballet arizona. High school athletics: we provide medical direction for 12 high schools across the valley. We also provide athletic training services for one area school. Community partners: * arizona diamondbacks * phoenix rising * real salt lake-az level 1 pediatric trauma center at phoenix children's, we offer the best trauma care for children in the state. Our center for trauma care at phoenix children's hospital - thomas campus is a

Form 990, Part III, Line 4A PROGRAM SERVICES DESCRIPTION CONTINUED 3/4

At the phoenix children's center for cleft and craniofacial care, we support: * new or expecting parents of a child diagnosed with cleft lip, cleft palate or other craniofacial disorder * older children or adolescents with an untreated cleft or craniofacial disorder * adults with a poorly repaired or untreated cleft palate disorder pediatric * general surgery at phoenix children's has the largest team of pediatric surgeons in arizona and offers surgical treatment for more than 50 conditions. The center for spine care at phoenix children's is a national leader in the diagnosis and treatment of children with all types of spine disorders - from the simple to very complex. We see patients from arizona and around the country. Our highly trained specialists customize care for your child's specific issues. Whether the solution is state-of-the-art surgery, expert therapy and rehabilitation, or bracing and other nonsurgical options, we offer a treatment plan that is safe and effective. Our goal is to help your child live a happier, higher quality of life. At the center for spine care, your child benefits because our neurosurgeons and orthopedic surgeons work together on complex cases in a partnership that you won't find elsewhere. As needed, we offer you joint consultations. And we often team up in the operating room too. Benefits for your child include: * improved safety * efficient, shorter surgeries * less blood loss" * less time under anesthesia our combined neurological and orthopedic expertise offers your child the best possible outcome. Your care team will likely include physicians from the barrow neurological institute, herbert j. Louis center for orthopedics and sports medicine and other specialists, including: neuroradiologists who diagnose disorders of the brain, skull and spine radiologists who use imaging technologies, such as low-dose eos x-ray, to assess disease and deliver targeted treatments anesthesiologists who are trained to assist in spine surgeries physiatrists from the physical medicine & rehabilitation department who focus on continuity of care and follow-up to maximize function and minimize complications occupational and physical therapists who work to maximize function, as well as regain strength and mobility with 24 highly trained pediatric general surgeons and advanced practice providers, the pediatric general surgery team at phoenix children's offers comprehensive surgical services for a broad range of disorders, including: - abdominal disorders - central venous lines - chest disorders - gastrostomy tubes - genitourinary disorders - hernias - neck disorders - prenatal consultations - skin lesions - trauma children need specialized experts who are trained in pediatric surgery and understand the intricacies of a growing body. Our team is ready to care specifically for the unique needs of infants to young adults. Verified by the american college of surgeons (acs), our level 1 distinction at phoenix children's hospital - thomas campus indicates we meet the highest standards to provide the very best in pediatric surgery services. These standards ensure everyone in our surgery department, including surgeons, anesthesiologists and nurses, is entirely pediatric-focused. Phoenix children's is dedicated to taking care of kids, and we work diligently to make each encounter a positive experience through our child-friendly atmosphere and the design of our surgical spaces, including our pre-op area and recovery rooms. Our child life specialists are here to see children through the challenges of illness, hospitalization and medical treatment. Our general surgeons are on the cutting edge of clinical care and surgical treatments. We have conducted numerous clinical trials with patient centered outcomes and are part of several national collaboratives to learn about the latest treatment and surgical approaches. Our team also focuses on a multidisciplinary approach where we collaborate across multiple teams to make sure we dev

Form 990, Part III, Line 4A PROGRAM SERVICE DESCRIPTION CONTINUED 4/4

Phoenix children's has arizona's only dedicated pediatric dialysis center and pediatric kidney transplant program. Phoenix children's hospital has 202 icu beds (nicu, picu & cvicu), one of the largest among all freestanding children's hospitals in the country, and one of only a handful in the u.s. Performing the extracorporeal membrane oxygenation (ecmo) procedure. Phoenix children's has the first and only pediatric radiology fellowship program in arizona. The division of radiology occupies 45,000 square feet of the first floor. Phoenix children's operates four specialty and urgent care centers, located in scottsdale, the east valley, the west valley and the northwest valley. Approximately 55 percent of phoenix children's patients are covered by ahcccs, arizona's medicaid program for low-income families. The tracheotomy and airway program is the only comprehensive inpatient and outpatient service in arizona that cares for children with tracheostomies and home ventilators.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in fair value of interest rate swaps - 13467242; net asset transfer - 3713373; arbitrage fee - -1090596;

Form 990, Part III, Line 4A Program Service Description (1/4)

As arizona's only licensed, freestanding, nonprofit children's hospital, phoenix children's hospital (the hospital) operates with the mission to advance hope, healing and the best healthcare for children and their families, as well as the vision that the hospital will be the leading pediatric health system in the southwest, nationally recognized for exceptional care, innovative research and advanced medical education. We realize this vision by: * offering the most comprehensive care across ages, communities and specialties * investing in innovative research, including emerging treatments, tools and technologies * advancing education and training to shape the next generation of clinical leaders * advocating for the health and well-being of children and families the hospital has the goal of developing a pediatric-focused, integrated delivery system for maricopa county and arizona. The hospital provides care to the state's pediatric patients in more than 75 subspecialties and includes 8 centers of excellence offering interdisciplinary care: center for cancer and blood disorders, phoenix children's center for heart center, barrow neurological institute at phoenix children's hospital, center for pediatric orthopedics and sports medicine, level 1 pediatric trauma center, center for fetal and neonatal care, center for cleft and craniofacial care and center for spine care. The hospital is one of the country's largest and busiest children's hospitals, with 557 licensed beds and a medical staff of over 1,400 practitioners. In addition to the hospital's main campus near downtown phoenix, arizona, the hospital provides clinical services through its network of integrated physicians in approximately 100 practice sites throughout maricopa county, the primary service area of the hospital. The hospital also provides specialty pediatric services in tucson, yuma, flagstaff, mesa, scottsdale, glendale, and avondale. Affiliates of the hospital include the phoenix children's hospital foundation (the foundation); arizona children's risk solutions (the captive); phoenix children's care network (pccn); and phoenix children's cardiology diagnostics, llc (pccd), collectively referred to as the company. As hospital volumes have grown, pch has been able to provide more subspecialized care through investments in specialized medical staff and technology. Today the organization focuses investment on the seven centers of excellence ("coes") to improve access to care for the children in arizona and the southwestern united states. Since 2011, the rigorous "best children's hospitals" survey conducted by u.s. News & world report asks hundreds of questions about a hospital's survival rates, nurse staffing, subspecialists' availability and many other pieces of critical information that's difficult or impossible for patients' families and care-givers to find on their own. U.s. News takes all of this data and combines it with a reputation score that's based on a survey of pediatric specialists from across the country. For the 14th consecutive year, u.s. News & world report has ranked phoenix children's among the nation's "best children's hospitals." the health system was also named the no. 1 children's hospital in arizona and third in the southwest region. Phoenix children's is the only children's hospital in arizona ever to be recognized by u.s. News & world report. Pch began with four coes but has expanded to seven coes offering interdisciplinary care, each of which is described below. Additionally, in 2019, pch was designated by the american college of surgeons as a children's surgery verification level 1 program. Center for cancer and blood disorders our family-centered approach gives our team the focus needed to provide purposeful, compassionate and personalized care to every single one of our patients. Each child gets their very own team of physicians, nurses, social workers, physical therapists, nutritionists and more - a team that provides care during treatme

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

Phoenix children's hospital foundation's endowment funds will be used to provide on-going outstanding pediatric care to children by enabling phoenix children's hospital to offer the very best technology, programs and medical specialists. Endowment funds will be used to support phoenix children's hospital centers of excellence and other hospital programs.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Management is of the opinion that substantially all of the hospital's, foundation's, captive's, and phoenix children's care network's activities are related to their exempt purposes, and phoenix children's cardiology diagnostics llc's activities will not result in taxable income. No material uncertain tax positions have been identified or recorded in the consolidated financial statements at december 31, 2024 or 2023.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EVP/GENERAL COUNSEL/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14EVP & CFO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15EVP, CHIEF PHYSICIAN EXECUTIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt16EVP, CHIEF OPERATING OFFICER (START 06/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt17SVP, OPERATIONS (THRU 12/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt18Pediatric Surgeon
IRS990/Form990PartVIISectionAGrp/TitleTxt19SVP, SURGEON IN CHIEF
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIVISION CHIEF
IRS990/Form990PartVIISectionAGrp/TitleTxt21PEDIATRIC SURGEON
IRS990/Form990PartVIISectionAGrp/TitleTxt22PEDIATRIC SURGEON
IRS990/Form990PartVIISectionAGrp/TitleTxt23MEDICAL STAFF, PRESIDENT (THRU 04/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt24SVP/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt25SVP, PCCN
IRS990/Form990PartVIISectionAGrp/TitleTxt26EVP & CHIEF INNOVATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27FORMER EVP & CFO/TREASURER (THRU 08/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt28SVP, HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt29SVP, STRATEGIC PLANNING (THRU 12/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt30SVP, CONSTRUCTION & SPECIAL PROJECTS
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