St. Joseph Health
Legal name: St Joseph Physician Associates
Nonprofit profile at a glance
- EIN
- 203159302
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 9797763777
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $43,629,132
- Expenses
- $48,188,629
- Assets
- $1,321,150
- Liabilities
- $21,265,006
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- MONTE BOSTWICK (MARKET PRESIDENT)
- KIM SHAW (CEO & PRESIDENT (THRU 2/7/25))
Highest reported compensation
- CHARLES SMITH MD (CARDIOTHORACIC SURGEON): $1,351,767 total reported compensation
- MONTE BOSTWICK (MARKET PRESIDENT): $1,051,092 total reported compensation
- JUSTIN BRAZEAL MD (ORTHOPEDIST GENERAL): $1,010,271 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 passionately care for the most vulnerable, relentlessly innovate how and where healing can happen and believe in uniting to benefit the common good.
What it reported doing in 2024
Sjpa was created to find a different way to deliver care in a fully integrated approach, one that includes physicians and hospitals. The integrated model that aligns physicians and hospitals through employment can reduce the cost of care and actually help make sure patients are getting exactly the care they need. The employed model allows physicians to focus on the clinical realm and less on the business portion of medicine. Ultimately, sjpa is about helping people find a medical home for their health care and then getting people the right care at the right time in the right place.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 66
- Accountability: 32
- Sustainability: 5
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.3%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd 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: -10.5%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.03; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: 16.1; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 24.2%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: -9.9% per year; rating input score 0; 1st percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 100% of revenue deployed · 94.3% of spending went to programs
- Governance: 0 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $45.5M in reported program spending
- Leadership: top reported pay $1.4M · 20 people listed · 1 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 328 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 — Sustainability: Operating margin scored 10/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.