Commonspirit Health Operating Investment Pool LLC
100% goes to programs Strong reserves Declining revenue
Commonspirit Health Operating Investment Pool LLC is a 501(c)(3) organization based in Phoenix, Arizona, registered in 2020, with $584,475,882 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
3033 N 3rd Ave, Phoenix, AZ, 85013 EIN 85-0919176 Since 2020
Revenue (FY2023)
$584.5M
▲ 58.9% vs prior year
Religion median: $139K
Expenses (FY2023)
$36.8M
Net assets
$14.4B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Commonspirit Health Operating Investment Pool LLC: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating4697 mo reserves · +94% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Commonspirit Health Operating Investment Pool LLC: 4697 mo reserves · +94% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating4 of 5 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Commonspirit Health Operating Investment Pool LLC: 4 of 5 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Commonspirit Health Operating Investment Pool LLC: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The commonspirit health operating investment pool, llc holds and invests the operating capital for commonspirit health and many of its related entities.
Contact & location
- Address
- 3033 N 3rd Ave, Phoenix, AZ, 85013
- City
- Phoenix
- State
- Arizona
- Category
- Religion-Related
- Subcategory
- Christian Churches & Ministries
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $875.3M (FY2020) to $584.5M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $930.1MNet assets $14.4B
Operating margin
93.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$15.3B
Total liabilities
$930.1M
Net assets
$14.4B
Salaries & benefits
$0
0% of expenses
Board members
0
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $584,475,882▲58.9% | $36,815,469▲101% | $14,410,705,805▼1.0% | $15,340,792,042▲0.8% | 990 |
| 2022 | $367,744,159▼60.1% | $18,334,201▼61.0% | $14,549,076,864▲0.3% | $15,221,541,695▲0.1% | 990 |
| 2021 | $921,229,161▲5.2% | $47,048,974▲71.5% | $14,511,101,789▼6.3% | $15,205,466,340▼4.8% | 990 |
| 2020 | $875,334,016 | $27,436,148 | $15,479,707,356 | $15,970,629,139 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel J Morissette CPA | Sevp, Cfo Commonspirit Health | 1 | — |
| Lisa Zuckerman | Svp, Treasury, Capital Planning & Strategic Invest | 5 | — |
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Frequently asked questions
- Is Commonspirit Health Operating Investment Pool LLC a legitimate nonprofit?
- Yes. Commonspirit Health Operating Investment Pool LLC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-0919176, based in Phoenix, Arizona. Donations are tax-deductible.
- What is Commonspirit Health Operating Investment Pool LLC's EIN?
- Commonspirit Health Operating Investment Pool LLC's Employer Identification Number (EIN) is 85-0919176.
- How much revenue does Commonspirit Health Operating Investment Pool LLC report?
- Commonspirit Health Operating Investment Pool LLC reported $584,475,882 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Commonspirit Health Operating Investment Pool LLC's spending goes to programs?
- Commonspirit Health Operating Investment Pool LLC spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Commonspirit Health Operating Investment Pool LLC have?
- CharityIndex grades Commonspirit Health Operating Investment Pool LLC A, based on program efficiency and fundraising cost.
- How much does Commonspirit Health Operating Investment Pool LLC's highest-paid employee make?
- The highest reported compensation on Commonspirit Health Operating Investment Pool LLC's latest Form 990 is $0, paid to Daniel J Morissette CPA (Sevp, Cfo Commonspirit Health).
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Data for Commonspirit Health Operating Investment Pool LLC (EIN 85-0919176) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.