CommonSpirit Health
Legal name: Catholic Health Initiatives Colorado
Nonprofit profile at a glance
- EIN
- 840405257
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Phoenix, AZ, USA
- Phone
- 303-290-6500
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,442,815,167
- Expenses
- $3,637,432,101
- Assets
- $5,693,831,654
- Liabilities
- $2,808,741,210
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- PETER BANKO (FORMER CEO/PRESIDENT MOUNTAIN REGION)
- ANDREW GAASCH (PRESIDENT MOUNTAIN REGION)
- MATT BROWN (FORMER INTERIM PRESIDENT MTN REGION/INTERIM PRESID)
Highest reported compensation
- THOMAS MCGINN MD (BOARD MEMBER/CSH SEVP, CHIEF PHYSICIAN EXECUTIVE O): $5,539,630 total reported compensation
- DANIEL MORISSETTE (CO-CHAIR/CSH SEVP, CHIEF FINANCIAL OFFICER): $5,173,837 total reported compensation
- MITCH MELFI ESQ (CHAIR/CSH SEVP, CHIEF LEGAL OFFICER): $4,666,901 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We make the healing presence of God known in our world by improving the health of the people we serve, especially those who are vulnerable, while we advance social justice for all. CommonSpirit Health provides uninsured patients with discounted rates for all medical bills The discount is applied to all hospital inpatient, outpatient and emergency room bills that have been screened and do not have third-party insurance, Medicare, Medicaid, Champus or other governmental payer programs and do not meet the CommonSpirit Health charity guidelines. As part of our faith-based mission, CommonSpirit strives to compassionately serve uninsured patients with a heartfelt understanding of the financial burdens they may face. CommonSpirit supports and advocates for meaningful and appropriate changes in legislation that improve access to affordable, quality medical care for the uninsur.
What it reported doing in 2024
Catholic health initiatives-Colorado is a diverse community of caregivers connected and fueled by our individual passions and purposes to change the world around us. While individually inspired, we are collectively unified by our mission. This process presents an opportunity to fulfill our commitment to our organizational mission to "extend the healing ministry of christ by caring for those who are ill and by nurturing the health of the people in our communities."
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 72
- Accountability: 28
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.1%; rating input score 86
- Program expense ratio: 80.8%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 93.6%; rating input score 94; 26th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.7%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 1.57; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 0.3%; rating input score 89; 89th percentile among comparable filings
Growth
- Program expense growth: 6.4% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 66th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 86.1% of revenue deployed · 80.8% of spending went to programs
- Governance: 0 of 4 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.9B in reported program spending
- Leadership: top reported pay $5.5M · 23 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $90.3M reported
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 31 filed money-flow records
- Related organizations: 355 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 12/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.