Portercare Adventist Health System
Portercare Adventist Health System reported $1.80 billion in revenue and $1.77 billion in expenses for calendar year 2024. Of every $100 it spent, $92.53 went to program services, $7.47 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.3% of the total. The highest compensation it reported for one person was $4,869,658 (Director/Chairman (End 3/24)). 434 people received more than $100,000 in reportable compensation. Revenue rose 44% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.77BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $1.80BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.5% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.5% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 96.3% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $4,869,658 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.28% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 434 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 2 of 7 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseOperation of 5 acute care hospitals with 35,635 patient admissions, 147,913 patient days and 889,973 outpatient visits in the current year. In addition to hospital operations, the corporation provides medical care through a number of other activities such as urgent care centers, physician clinics, home health services, hospice services, sleep centers, wound centers, therapy and rehab
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Director/Chairman (End 3/24) Director/trustee, 1.00 hrs/week | $0 | $4,659,499 | $210,159 | $4,869,658 |
| Director/Multi State CFO Director/trustee, 10.00 hrs/week | $0 | $1,644,580 | $166,436 | $1,811,016 |
| Dir/Chair/Multi State CEO (Beg 4/24) Director/trustee, 10.00 hrs/week | $0 | $1,591,197 | $209,932 | $1,801,129 |
| Neuro Surgeon Highest compensated employee, 45.00 hrs/week | $1,461,424 | $0 | $45,642 | $1,507,066 |
| Director/CEO Director/trustee, officer, 50.00 hrs/week | $0 | $1,421,675 | $34,906 | $1,456,581 |
| Orthopedic Surgeon Highest compensated employee, 45.00 hrs/week | $1,249,829 | $0 | $45,619 | $1,295,448 |
| Neuro Surgeon Highest compensated employee, 45.00 hrs/week | $1,249,253 | $0 | $45,587 | $1,294,840 |
| Orthopedic Surgeon Highest compensated employee, 45.00 hrs/week | $1,197,230 | $0 | $43,597 | $1,240,827 |
434 people received more than $100,000 in reportable compensation from Portercare Adventist Health System (Part VII, line 2). Compensation of current officers, directors and key employees totaled $9.4M (Part IX, line 5).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5647
- Volunteers Part I, line 6652
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| South Denver Cardiology Associates PC Cardiology Services | $41,650,277 |
| Centura Health Corporation Billing, IT, and Lab Services | $24,023,442 |
| US Anesthesia Partners of Colorado Inc Anesthesia Services | $13,645,466 |
| Neurosurgery One Neuro/Spine Services | $12,078,588 |
| HSS Security Security Services | $7,987,315 |
Individuals listed as contractors are left out. 221 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Portercare Adventist Health System's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Portercare Adventist Health System, you can publish a response that is linked from this page.
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Of every $100 Portercare Adventist Health System spent in 2024, $92.53 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Portercare Adventist Health System's spending goes to programs?
In calendar year 2024, Portercare Adventist Health System reported that 92.5% of its $1.77 billion in expenses went to program services, 7.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Portercare Adventist Health System pay its top executive?
The largest total compensation Portercare Adventist Health System reported for one person in calendar year 2024 was $4,869,658, for the role of Director/Chairman (End 3/24) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Portercare Adventist Health System get its money?
Of $1.80 billion in revenue in calendar year 2024, 0.0% came from contributions and grants and 96.3% from program service revenue (Form 990, Part VIII).
Is Portercare Adventist Health System a registered charity?
The IRS lists EIN 84-0438224 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543219349321759 · read the filing · XML
- FY2023 (6 mo.): Form 990 for the 6-month short period ending December 31, 2023, object 202433209349315278 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349314900 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349307188 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241329349301129 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349307209 · read the filing
All filings for EIN 84-0438224: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.