Craig Hospital Foundation
Nonprofit profile at a glance
- EIN
- 237352287
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Englewood, CO, USA
- Phone
- 3037898736
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Hospital, General
Reported finances
- Revenue
- $22,468,468
- Expenses
- $10,522,282
- Assets
- $53,286,692
- Liabilities
- $1,625,586
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- JANDEL ALLEN-DAVIS MD (PRESIDENT/CEO CRAIG HOSPITAL)
- SERENA BRUZGO (PRESIDENT OF FOUNDATION)
Highest reported compensation
- JANDEL ALLEN-DAVIS MD (PRESIDENT/CEO CRAIG HOSPITAL): $1,021,106 total reported compensation
- DANIEL FRANK (CFO CRAIG HOSPITAL): $485,565 total reported compensation
- SERENA BRUZGO (PRESIDENT OF FOUNDATION): $460,386 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Craig hospital foundation supports craig hospital in achieving its goals through philanthropy by raising funds and dedicating resources to further advance the needs of craig hospital and the community it serves. The foundation supports patient assistance, hospital programs unfunded by insurance, equipment and research programs related to spinal cord and brain injuries.
What it reported doing in 2024
Patient assistance program: includes payment towards mobility equipment and durable medical equipment, financial assistance related to shelter needs such as home modifications, scholarships to participate in furthering education goals, and stipends to participate in therapeutic recreation activities such as scuba diving, rafting, skiing and biking.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- 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 - A large share of total spending goes to programs and the filed numbers largely add up. 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: 73
- Transparency & Controls: 75
- Accountability: 85
- Sustainability: 86
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.6%; rating input score 52
- Program expense ratio: 98.8%; rating input score 99
- Fundraising efficiency: $1,152.37 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 53.2%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 5.06; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 87; 87th percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -3.3% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 6.9% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 51.6% of revenue deployed · 98.8% of spending went to programs
- Governance: 18 of 20 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $10.4M in reported program spending
- Leadership: top reported pay $1M · 31 people listed · 0 of 6 pay-setting controls reported
- Consistency: 48 of 48 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Sustainability: Officer compensation ratio scored 56/100.