Childrens Health Care Services Inc
- Assets
- $26.2m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Minneapolis, MN
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 41-1756478
Organization Overview
Childrens Health Care Services Inc, operating under the name Children's - Minnetonka, is located in Minneapolis, MN. The organization was established in 1994. According to its NTEE Classification (E40) the organization is classified as: Reproductive Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Children's - Minnetonka employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children's - Minnetonka is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Children's - Minnetonka generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE SERVE THE COMMUNITY'S CHILDREN AS A SUPERIOR, PEDIATRIC SPECIALTY HEALTH CARE PROVIDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S HEALTH CARE SERVICES, INC. (CHILDREN'S MINNETONKA) PROVIDES STATE-OF-THE-ART, COMPASSIONATE PEDIATRIC SPECIFIC OUTPATIENT CARE. OUR FACILITIES AND SERVICES ARE DESIGNED EXCLUSIVELY FOR THE NEEDS OF CHILDREN AND THEIR FAMILIES. OUR MEDICAL EQUIPMENT IS TAILORED TO FIT CHILDREN, AND OUR STAFF IS TRAINED AND EXPERIENCED TRO CARE FOR THE SPECIAL PHYSICAL AND EMOTIONAL NEEDS OF CHILDREN. WE PROVIDE A LOWER COST ENVIRONMENT AND OPTION TO THE COMMUNITY WE SERVE THAN WHAT CAN GENERALLY BE PROVIDED IN A HOSPITAL SETTING. 880 SURGICAL CASES AND 1,344 RADIOLOGICAL TESTS WERE PERFORMED IN 2022. CHILDREN'S MINNETONKA OPENED FOR PATIENT CARE IN JULY 2022 AFTER CLOSING IN 2020 IN RESPONSE TO THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Gorelick MD President & CEO | OfficerTrustee | 1 | $0 |
Aaron Bouw Board Secretary & Sr Dir, Fr | OfficerTrustee | 1 | $0 |
Gary Blackford Vice Chair | OfficerTrustee | 1 | $0 |
Henry Chang Board Member Thru Feb 2022 | OfficerTrustee | 0 | $0 |
Charles Maxwell Treasurer Thru Feb 2022 | OfficerTrustee | 0 | $0 |
Matthew Bilunas Treasurer As Of March 2022 | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcgough Construction Construction | 12/30/22 | $619,637 |
Falls & Nyhusmoen Construction Constructon | 12/30/22 | $409,780 |
Msp Commercial Real Estate | 12/30/22 | $349,881 |
Ge Precision Healthcare Llc Maint Contract | 12/30/22 | $109,152 |
Metro Anesthesia Network Physician Services | 12/30/22 | $100,316 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,857,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,857,224 |
| Total Program Service Revenue | $3,367,187 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $336,168 |
| Net Gain/Loss on Asset Sales | -$6,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,554,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $964 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,700 |
| Compensation of current officers, directors, key employees. | $23,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,065,043 |
| Pension plan accruals and contributions | $43,540 |
| Other employee benefits | $146,078 |
| Payroll taxes | $73,063 |
| Fees for services: Management | $46,394 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $723,629 |
| Advertising and promotion | $0 |
| Office expenses | $70,917 |
| Information technology | $37,818 |
| Royalties | $0 |
| Occupancy | $131,749 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,794 |
| Insurance | $8,413 |
| All other expenses | $0 |
| Total functional expenses | $3,582,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,413,453 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,769,715 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,064,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,248,064 |
| Accounts payable and accrued expenses | $914 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,486 |
| Total liabilities | $65,400 |
| Net assets without donor restrictions | $26,182,664 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,248,064 |