Thursday, September 4, 2008

Children's Healthcare of California

CHOC’s 990 tax return seems to list the Executive Compensation of the CEO, Kim Cripe, and the CFO, Kerri Ruppert, as zero.
However, review of the related organization’s Form 990 shows otherwise.
CHOC’s Form 990 lists a related organization called Children’s Healthcare of California with an identical street address, identical executive officers as CHOC, and yet different books.
The CHC 2005 tax return states total program service revenue for CHC as being $1,347,000 in 2005.
They also report the CEO and CFO salaries…which total $1,346,383.00.
It seems that the CEO + CFO salary is 99.954% of the annual program service revenue of the entire non-profit.
Now, can someone at OC Register explain to this citizen why you are bagging on BSA so much when CHC reports a ratio of Program Service Revenue to CEO + CFO salary exceeding 99.9% ????

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