Childrens Hospital Anesthesia Corporation

The information for Childrens Hospital Anesthesia Corporation is as of the organization's most recent filing in December 2019. This organization is located in New Orleans, LA. It has been in existence for 17 years, following its founding in 2002.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Childrens Hospital Anesthesia Corporation's NTEE code is E60. The "E" tells us that the organization is classified along with Health Support. The "60" tells us that the organization is a Health Care organization. The NTEE describes Health Care organizations as those that provide equipment, services or other forms of support which are supplemental to the treatment or rehabilitation of people who have illnesses, injuries or disabilities; or which are instrumental in the prevention of illnesses, injuries or disabilities prior to their occurrence.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

The mission of the Childrens Hospital Anesthesia Corporation is to provide cost-effective comprehensive anesthesia and anesthesia-related services to the communities served by the LCMC Health System, in conjunction with and in support of the patient care, graduate medical education, and research missions of LCMC affiliated healthcare facilities.

Program Areas

Children's Hospital Anesthesia Corporation began operations on July 1, 2000 and provides patient services to a wide range of individuals regardless of ability to pay. During 2019, the Medicaid population accounted for 35.9% of total gross patient revenues and the organization provided over $334,520 in free care.

Organization Staffing

Childrens Hospital Anesthesia Corporation has 204 employees, 119 of whom were paid more than $100k according to the organization's most recent 990 tax filing. There are no volunteers associated with the organization.

Board Governance

Childrens Hospital Anesthesia Corporation has a strong governance structure in place. With three voting members and no independent members, the organization has a clear governance structure that is well-defined. Potential conflicts of interest do not exist, and the organization has not delegated management to an outside firm. Board and committee meetings are not documented, however the organization does have a conflict of interest policy, a written whistleblower policy, and a document retention policy. Additionally, Childrens Hospital Anesthesia Corporation substantiates and reviews leadership and officer salaries, and provides copies of the 990 to the board prior to filing. All of these policies and procedures ensure that the organization is well-governed and operates in a transparent and ethical manner.

Organization Growth

Based on the available data, it appears that Childrens Hospital Anesthesia Corporation has grown significantly over the past five years. Program Service Revenue, Total Revenue, and Employee Salaries have all increased, with Program Service Revenue increasing by an impressive tenfold. Total Expenses also increased, but this is likely due to the expansion and growth of the organization. Total Employees is not meaningful over this time period, as the organization was only established in 2019.