CHRISTUS Health Plan

What it reported doing in 2024

The corporation is organized and shall be operated exclusively for charitable, scientific, educational, and social welfare purposes within the meaning of sections 501(c](4) of the internal revenue code of 1986, as amended, or corresponding provisions of any subsequent federal tax law (hereafter "the code"), and in particular to advance, promote and support the health care ministries of the sponsoring congregations which operate and are controlled in conformity with the ethical and moral teachings of the roman catholic church, and promoting efficient governance and management, cooperative planning and the sharing of resources among such health care ministries, primarily to arrange and provide health care services through programs intended to improve the quality and affordability of healthcare and increase access to healthcare, including through the development of managed care plans. Without limiting the generality of the foregoing, the corporation's mission shall be to extend the healing ministry of jesus christ, and consistent there with, shall operate according to the doctrines, resolutions, decrees and ethical principles of the sponsoring congregations and the ethical and religious directives for catholic health services as promulgated and amended from time to time by the united states catholic conference of bishops. It is also a purpose of the corporation to aid, lend financial support and assistance to, and to invest and/or dispose of funds of the corporation for the use and benefit of, and in the furtherance of the purposes of christus, the system, the corporation, and other system entities. The corporation's purposes shall also include the making of gifts, grants and contributions to other qualifying tax-exempt organizations, particulary those designed to support and benefit the health and welfare of the poor and underserved. The corporation shall also be authorized to engage in such pursuits as may be necessary or incidental, or which may aid or assist, in carrying out the corporation's mission and purposes. The corporation is organized and shall be operated exclusively for the benefit of these purposes as well as those system entities that are described in sections 501(c)(3) and/or section 501(c)(4) of the code. Gifts, grants and contributions to other qualifying tax-exempt organizations, particulary those designed to support and benefit the health and welfare of the poor and underserved. The corporation shall also be authorized to engage in such pursuits as may be necessary or incidental, or which may aid or assist, in carrying out the corporation's mission and purposes. The corporation is organized and shall be operated exclusively for the benefit of these purposes as well as those system entities that are described in sections 501(c)(3) and/or section 501(c)(4) of the code.

Financial Efficiency

• Mission deployment rate: 92.8%; rating input score 93
• Program expense ratio: 87.7%; rating input score 88
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -5.8%; rating input score 12; 12th percentile among comparable filings
• Total-asset coverage ratio: 0.22; rating input score 7; 7th percentile among comparable filings
• Liabilities to assets ratio: 0.75; rating input score 19; 19th percentile among comparable filings
• Officer compensation ratio: 0.1%; rating input score 93; 93rd percentile among comparable filings

Growth

• Program expense growth: 13.6% per year; rating input score 100; 85th percentile among comparable filings
• Revenue growth: 13.6% per year; rating input score 100; 86th percentile among comparable filings
• Asset growth: 11% per year; rating input score 100; 74th percentile among comparable filings