Christus Health Strategic Growth

Nonprofit profile at a glance

EIN
462798043
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Irving, TX, USA
Phone
4692822000
Rating
28
Verdict
REVIEW
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution
Affiliation
Christianity

Reported finances

Revenue
$6,927,718
Expenses
$2,599
Assets
$358,684,353
Liabilities
$2,660,521

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ERNIE W SADAU (CHAIR/PRESIDENT)

Highest reported compensation

  • ERNIE W SADAU (CHAIR/PRESIDENT): $14,656,684 total reported compensation
  • Jeffrey M Puckett (Director): $6,880,055 total reported compensation
  • RANDY W SAFADY (DIR / TREASURER): $6,484,036 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized and shall be operated exclusively for the charitable, scientific, and educational purposes of advancing, promoting, and supporting the health care ministries of those religious congregations (the "sponsoring congregations" ) qualified and approved as a sponsor of christus health ("christus") in accordance with the bylaws of christus without limiting the generality of the foregoing, the corporation's mission shall be to extend the healing ministry of jesus christ, consistent therewith, shall operate according to the doctrines, resolutions, decrees and ethical principles of the sponsoring congregation 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.

What it reported doing in 2024

Christus health strategic growth's (chsg) primary purpose is to aid, lend financial support and assistance to, and to invest and/or dispose of funds of for the use and benefit of, and in furtherance of the charitable purposes of christus health (ch) and christus continuing care (ccc), both in the u.s. And abroad. One of chsg's specific purposes is to hold interests in foreign entities and provide financing to foreign interests in support of the section 501(c )(3) missions of ch and ccc. Chsg has no employees and it is not anticipated that chsg will have employees in the future. While it is anticipated that chsg will support ch and ccc in providing charitable health care services in a number of foreign jurisdictions, as of the date of this return, chsg's activities have been directed toward providing financing in support of ch and ccc's chilean health care activities and the acquisition of an investment in us urgent care centers.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - Revenue comfortably covers expenses and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 43
  • Accountability: 37
  • Sustainability: 87
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 100%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 138,008.6; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 11,322.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 27% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 0 of 4 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $14.7M · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 6 filed schedules · includes foreign activity, executive pay, and related organizations
  • Filing history: 9 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 25 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: Board meeting minutes documented not reported.
  • High — Sustainability: Officer compensation ratio scored 0/100.