Commonspirit Health Foundation

Nonprofit profile at a glance

EIN
853374038
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Phoenix, AZ, USA
Phone
4154385500
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Roman Catholic
Affiliation
Christianity

Reported finances

Revenue
$2,460,040
Expenses
$1,504,157
Assets
$16,055,298
Liabilities
$4,820

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

Leadership & pay

12 people listed

Executive titles in this filing

  • WRIGHT L LASSITER III (CHIEF EXECUTIVE OFFICER)
  • NANCY BUSSANI (SECRETARY/ FOUNDATION PRESIDENT)

Highest reported compensation

  • WRIGHT L LASSITER III (CHIEF EXECUTIVE OFFICER): $14,175,319 total reported compensation
  • NANCY BUSSANI (SECRETARY/ FOUNDATION PRESIDENT): $1,583,128 total reported compensation

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

Overview

Mission

Commonspirit health foundation serves to operate in conformity with the mission, vision, and values of commonspirit health and to participate in collaborative efforts to enhance and improve the fundraising and grant-making efforts of all fundraising foundations across the commonspirit health system.

What it reported doing in 2024

Commonspirit health foundation operates to raise funds, collaborate with fundraising affiliates to share leading practices and materials and to support commonspirit health in furthering its charitable health care mission including but not limited to addressing the needs of the poor and vulnerable, addressing the physical and social determinants of poor health; ensuring health equity with a focus on the most vulnerable populations; and supporting innovation in care delivery within commonspirit health hospitals and in neighborhoods throughout the united states. Funds raised will be granted to commonspirit affiliates or to other 501(c)(3) organizations working in collaboration with commonspirit health, to support the health and healthcare needs of the patients and communities commonspirit health serves.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 71
  • Accountability: 85
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.1%; rating input score 45
  • Program expense ratio: 67.8%; rating input score 68
  • Fundraising efficiency: $25.88 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

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: Limited
  • Grant itemization coverage: 99.7%; rating input score 100; 40th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 38.9%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 10.67; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 21.1%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 34.4% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 30.9% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 45.1% of revenue deployed · 67.8% of spending went to programs
  • Governance: 10 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $14.2M · 12 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $320K reported
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 346 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 11/100.