COMMONSPIRIT MOUNTAIN REGION FKA CENTURA HEALTH CORPORATION (EIN 841335382) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

PETER BANKO

Phone

3032906500

Tax Period

2023-07-01 to 2024-06-30

COMMONSPIRIT MOUNTAIN REGION FKA CENTURA HEALTH CORPORATION, founded in 1996, is a major nonprofit in the Health Care sector that reported $418.4M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $602.4M exceeded revenue, resulting in a 44% operating deficit.

Mission

COMMONSPIRIT MOUNTAIN REGION, A FAITH-BASED ORGANIZATION, INVESTS IN CHARITY CARE, COMMUNITY PROGRAMS AND SPONSORSHIPS DESIGNED TO NURTURE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES IT SERVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $491,722

Program Service Revenue $372,428,112

Investment Income $3,743,753

Other Revenue $41,760,432

TOTAL REVENUE $418,424,019

Expense Breakdown

Grants Paid $975,764

Salaries & Benefits $283,121,951

Fundraising Expenses $0

Program Expenses $495,685,041

Other Expenses $318,301,595

TOTAL EXPENSES $602,399,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$418,424,019	$527,619,633	-0.2%
Expenses	$602,399,310	$526,226,580	+0.1%
Net Income	$-183,975,291	$1,393,053	-133.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

4599

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$18,244,312

Total Directors

$34,178,905

Key Employees

$16,278,955

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BANKO	PRESIDENT & CEO (THRU 1/2024)	40.00	Officer Director	$8,101,604	$160,312	$8,261,916
DAN MORISSETTE	BOARD MEMBER/SEVP CFO COMMONSPIRIT	1.00	Director	$0	$610,668	$7,843,256
ELIZABETH SHIH	BOARD MEMBER THRU 8/30/2023	1.00	Director	$0	$227,967	$5,886,614
MITCH MELFI	VICE CHAIR/EVP CHIEF LEGAL OFFICER COMMONSPIRIT	1.00	Officer Director	$0	$41,536	$3,283,518
ANDREW GAASCH	PRESIDENT MTN. REGION/CFO&TREASURER	40.00	Officer Director	$3,099,191	$90,638	$3,189,829
THOMAS MCGINN	BOARD MEMBER/EVP PHYSICIAN ENTERPRISE COMMONSPIRIT	1.00	Director	$0	$51,780	$3,160,192
SHAUNA GULLEY	GROUP PRESIDENT PHYSICIAN ENTERPRISE	50.00	Key Emp	$2,923,705	$98,677	$3,022,382
GARY LICHTENBERGER	SVP & CHIEF TRANSFORMATION OFFICER THRU 3/1/2024	50.00	Key Emp	$2,910,363	$90,850	$3,001,213
DEAN SANPEI	EVP CHIEF STRATEGY OFFICER THRU 4/30/24	50.00	Key Emp	$2,787,583	$86,894	$2,874,477
DAN ENDERSON	GROUP PRES, DENVER METRO THRU 3/1/24	50.00	Key Emp	$2,687,246	$61,618	$2,748,864
KEVIN JENKINS	MARKET CEO UTAH	50.00	Highest	$1,889,037	$64,683	$1,953,720
OSWALDO GRENARDO	SVP & CHIEF CLINICAL OFFICER	50.00	Highest	$1,654,375	$53,049	$1,707,424
MATT BROWN	INTERIM PRESIDENT (THRU 5/2024)	10.00	Officer Director	$0	$53,052	$1,667,159
THOMAS GESSEL	GROUP PRES, GREATER CO & KS THRU 7/1/23	50.00	Key Emp	$1,554,354	$50,175	$1,604,529
CARRIE DAMON	SVP INFORMATION SERVICES THRU 10/27/23	50.00	Key Emp	$1,473,584	$68,922	$1,542,506
SEBASTIEN GIRARD	CHIEF PEOPLE OFFICER THRU 4/13/24	40.00	Highest	$1,297,371	$64,123	$1,361,494
PATRICK SHARP	CEO PENROSE/ST. FRANCIS THRU 11/8/23	50.00	Highest	$1,233,703	$64,361	$1,298,064
BRENDA SIMPSON	CNO/SVP	50.00	Highest	$1,214,339	$50,629	$1,264,968
KRIS ORDELHEIDE	FORMER SECRETARY/SVP LEGAL SVCS	0.00		$979,978	$31,927	$1,011,905
THOMAS DONOHOE	SECRETARY/SVP LEGAL SVCS	50.00	Officer	$936,944	$48,801	$985,745
SHERI SHAPIRO	BOARD MEMBER/SEVP CHIEF STRATEGY OFFICER COMMONSPI	1.00	Director	$0	$15,951	$886,421
TADD RICHERT	INTERIM CFO/TREASURER	50.00	Officer	$790,606	$65,539	$856,145
JAMES SHEETS	GROUP PRESIDENT THRU 1/12/24	50.00	Key Emp	$770,260	$24,046	$794,306
VALERIE MCKINNIS	INTERIM CIO THRU 6/3/24	10.00	Key Emp	$482,903	$82,120	$690,678
KENNETH BACON	BOARD MEMBER THRU 7/31/23	1.00	Director	$0	$0	$0
DAVID BANKS	BOARD MEMBER THRU 7/31/23	1.00	Director	$0	$0	$0
LARS HOUMANN	BOARD MEMBER THRU 7/31/23	1.00	Director	$0	$0	$0
TERRY O'ROURKE	BOARD MEMBER THRU 4/2/24	1.00	Director	$0	$0	$0
KARSTEN RANDOLF	BOARD MEMBER THRU 7/31/23	1.00	Director	$0	$0	$0
PAUL RATHBUN	CHAIR THRU 7/31/23	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$418,424,019	$602,399,310	$431,942,137	$-183,975,291
2023	$527,619,633	$526,226,580	$482,293,712	$1,393,053
2022	$513,095,638	$504,981,492	$661,832,846	$8,114,146
2021	$508,460,770	$515,932,834	$582,896,184	$-7,472,064
2020	$478,768,711	$477,515,319	$510,479,495	$1,253,392
2019	$467,125,209	$472,438,208	$474,218,658	$-5,312,999
2018	$424,666,974	$428,231,895	$493,518,128	$-3,564,921

COMMONSPIRIT MOUNTAIN REGION FKA CENTURA HEALTH CORPORATION