Annual Report 2023-2024

thoughtful budgeting for an ambitious future Strategic planning, responsible stewardship support our mission

In order to maintain our medical facilities and to fund several transitions to more efficient care models and make other optimizations across the system, we have a capital budget of $1.229 billion.

At Shriners Children’s, our three-part mission has one goal: to change and improve lives. We do this by caring for our patients, conducting research to gain knowledge and develop new treatments, and providing educational opportunities for physicians and other healthcare professionals. To pursue our mission today and into the future, we are committed to making the most of our resources through strategic planning and responsible stewardship. Shriners Children’s financial team works diligently with our Investment Committee to develop and execute investment strategies that will increase and protect our endowment fund and generate income, as well as to discover and develop new ways to generate additional revenue. We depend on the support and generosity of our staff, volunteers, donors and Shriners to fund a budget that allows us to improve and change lives every day. Together, we plan for a long future of caring for the children who need us. In order to maintain our medical facilities and to fund several transitions to more efficient care models and make other optimizations across the system, we have a capital budget of $1.229 billion.

(in millions)

Hospital Services (includes POPS)....................... $645 Research ....................................... $38 Revenue Cycle Billing Cost ....... $25 Fundraising and Special Events ........................... $180 Information Services .................. $74 Employee Benefits and Insurance ............................. $101 Home Office Support Costs.... $105 Depreciation ................................ $55 Contingency Dollars for New Initiatives/Needs.................... $6

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