Commonspirit Health
- Assets
- $7.4b
- Revenue
- $3.3b
- Investments
- $1.0b
- Employees
- 3,042
- Location
- Englewood, CO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 47-0617373
Organization Overview
Commonspirit Health is located in Englewood, CO. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Commonspirit Health employed 3,042 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Commonspirit Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Commonspirit Health generated $3.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $3.2b during the year ending 06/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Commonspirit Health has awarded 488 individual grants totaling $95,846,434. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMONSPIRIT HEALTH IS A NATIONAL FAITH-BASED NON-PROFIT HEALTHCARE ORGANIZATION. COMMONSPIRIT SERVES AS AN INTEGRAL PART OF ITS NATIONAL SYSTEM OF HOSPITALS AND OTHER HEALTHCARE PROVIDERS.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Lofton Fache Former Chief Executive Officer (through 6/30/20) | 0 | $17,340,420 | |
Paul Edgett III Chief Business Lines Officer (through 12/31/20) | Officer | 30 | $4,422,569 |
Patricia Webb Fache Sevp, Chief Administrative Officer (through 12/31/ | Officer | 45 | $4,231,873 |
Dean Swindle CPA Former President Of Enterprise Business Lines (thr | 0 | $3,729,375 | |
Anthony Jones System Sevp, Operations (through 1/3/21) | Officer | 48 | $2,948,442 |
Cliff Robertson MD SVP Operations And Chief Executive Officer - Midwe | Officer | 48 | $2,330,702 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Services | 6/29/21 | $65,559,745 |
Cerner Corporation Technology Services | 6/29/21 | $30,039,763 |
Unisys Corporation It Support Services | 6/29/21 | $29,738,880 |
Conifer Health Solutions Revenue Cycle Services | 6/29/21 | $579,449,157 |
Deloitte Consulting Llp Consulting Services | 6/29/21 | $49,364,154 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $956 |
| Government grants | $39,198 |
| All other contributions, gifts, grants, and similar amounts not included above | $449,548 |
| Noncash contributions included in lines 1a–1f | $270,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,702 |
| Total Program Service Revenue | $3,138,855,160 |
| Investment income | $34,120,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,839 |
| Net Rental Income | -$61,211 |
| Net Gain/Loss on Asset Sales | $75,739,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,283,246,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,669,565 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,104,316 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,228,529 |
| Compensation of current officers, directors, key employees. | $24,137,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,931,985 |
| Pension plan accruals and contributions | $14,721,329 |
| Other employee benefits | $51,850,315 |
| Payroll taxes | $34,628,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $287,546 |
| Fees for services: Accounting | $1,364,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $642,413,398 |
| Advertising and promotion | $1,893,280 |
| Office expenses | $3,431,673 |
| Information technology | $225,959,611 |
| Royalties | $0 |
| Occupancy | $7,959,623 |
| Travel | $1,817,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $273,588 |
| Interest | $323,742,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,978,928 |
| Insurance | $204,871,678 |
| All other expenses | $75,504,726 |
| Total functional expenses | $3,155,081,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,324,357 |
| Savings and temporary cash investments | $627,355,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,163,067 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,756,775,734 |
| Inventories for sale or use | $13,918,695 |
| Prepaid expenses and deferred charges | $66,777,184 |
| Net Land, buildings, and equipment | $457,599,088 |
| Investments—publicly traded securities | $2,069,292,336 |
| Investments—other securities | $1,032,602,930 |
| Investments—program-related | $0 |
| Intangible assets | $5,500,000 |
| Other assets | $1,103,075,262 |
| Total assets | $7,420,383,788 |
| Accounts payable and accrued expenses | $2,206,590,496 |
| Grants payable | $0 |
| Deferred revenue | $334,847,937 |
| Tax-exempt bond liabilities | $3,019,720,562 |
| Escrow or custodial account liability | $11,288 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $553,494,000 |
| Unsecured mortgages and notes payable | $5,080,110,000 |
| Other liabilities | $3,214,006,346 |
| Total liabilities | $14,408,780,629 |
| Net assets without donor restrictions | -$6,988,840,140 |
| Net assets with donor restrictions | $443,299 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,420,383,788 |
Grants Awarded
Over the last fiscal year, Commonspirit Health has awarded $4,660,852 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: COMMUNITY HEALTH | $368,006 |
Centennial, CO PURPOSE: VIOLENCE PREVENTION | $357,476 |
ST LUKE'S FOUNDATION PURPOSE: VIOLENCE PREVENTION | $313,170 |
Des Moines, IA PURPOSE: COMMUNITY HEALTH | $255,517 |
Tacoma, WA PURPOSE: VIOLENCE PREVENTION | $216,567 |
Dayton, OH PURPOSE: VIOLENCE PREVENTION | $214,591 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Commonspirit Health has recieved totaling $69,826.
| Awarding Organization | Amount |
|---|---|
| $60,573 | |
St Joseph Regional Health Center Bryan, TX PURPOSE: PROGRAM SUPPORT | $9,253 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alegent Health - Bergan Mercy Health System Omaha, NE | $1,132,748,535 | $611,302,606 |
Alegent Creighton Health Omaha, NE | $854,680,490 | $528,133,331 |
Centura Health Corporation Centennial, CO | $510,479,495 | $478,768,711 |
Integris Health Inc Oklahoma City, OK | $2,892,749,612 | $350,408,586 |
Banner-University Care Advantage Phoenix, AZ | $98,937,833 | $318,721,179 |
Scottsdale Healthcare Corp Scottsdale, AZ | $207,971,546 | $191,671,427 |
The Colorado Health Foundation Denver, CO | $3,147,950,102 | $151,395,784 |
Taos Health Systems Inc Holy Cross Hospital Taos, NM | $42,845,347 | $91,459,696 |
Nebraska Methodist Health System Inc Omaha, NE | $1,257,543,382 | $79,579,701 |
Lower Valley Hospital Association Fruita, CO | $64,162,006 | $78,174,068 |
Southwest Health System Inc Cortez, CO | $66,730,739 | $73,002,542 |
Diversus Health Inc Colorado Springs, CO | $69,056,645 | $59,817,758 |