Nonprofit · EIN 84-0438224
PORTERCARE ADVENTIST HEALTH SYSTEM
Also known as DBA ADVENTHEALTH PARKER
Tax-exempt · GREENWOOD VILLAGE, CO 80111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,798,498,907 | $1,770,512,160 | $27,986,747 | $1,813,793,572 | $472,353,798 | $1,341,439,774 |
| December 31, 2023 | 990 | $731,175,522 | $824,419,557 | -$93,244,035 | $1,847,895,763 | $526,009,951 | $1,321,885,812 |
| June 30, 2023 | 990 | $1,536,037,183 | $1,468,547,151 | $67,490,032 | $1,992,859,331 | $499,722,731 | $1,493,136,600 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $95,410
- Program service revenue
- $1,732,770,615
- Investment income
- $55,354,488
- Net rental income
- $97,154
- Net gain from sales of assets
- $35,795,844
- Other revenue
- $10,278,394
Expenses
- Grants and similar amounts paid
- $534,227
- Compensation of officers, directors and key employees
- $9,424,966
- Other salaries and wages
- $581,984,827
- Salaries, compensation and benefits (total)
- $773,805,828
- Professional fundraising fees
- $0
- Legal fees
- $255,687
- Accounting fees
- $431,627
- Occupancy
- $39,517,455
- Travel
- $873,613
- Depreciation
- $79,158,099
- Program services (functional)
- $1,638,288,212
- Management and general (functional)
- $132,223,948
Balance sheet and other
- Total assets, start of year
- $1,847,895,763
- Total assets, end of year
- $1,813,793,572
- Total liabilities, end of year
- $472,353,798
- Net assets, end of year
- $1,341,439,774
- Land, buildings and equipment
- $847,770,051
- Net assets without donor restrictions
- $1,341,335,918
- Net assets with donor restrictions
- $103,856
- Gross unrelated business income
- $525,926
- Gross receipts
- $1,840,302,645
- Employees
- 647
- Volunteers
- 652
- Year formed
- 1930
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Banks David | Director/Chairman (End 3/24) Trustee or director | 1 | $0 | $4,659,499 | $210,159 |
| Randolph Karsten | Director/Multi State CFO Trustee or director | 10 | $0 | $1,644,580 | $166,436 |
| Jahn Andrew | Dir/Chair/Multi State CEO (Beg 4/24) Trustee or director | 10 | $0 | $1,591,197 | $209,932 |
| Rajpal MD Sharad | Neuro Surgeon Highest-paid employee | 45 | $1,461,424 | $0 | $45,642 |
| Spenst Brett | Director/CEO Trustee or director, Officer | 50 | $0 | $1,421,675 | $34,906 |
| Yang MD Charlie | Orthopedic Surgeon Highest-paid employee | 45 | $1,249,829 | $0 | $45,619 |
| Nelson III Ewell L | Neuro Surgeon Highest-paid employee | 45 | $1,249,253 | $0 | $45,587 |
| Miner Todd | Orthopedic Surgeon Highest-paid employee | 45 | $1,197,230 | $0 | $43,597 |
| Jennings Jason | Orthopedic Surgeon Highest-paid employee | 45 | $1,177,344 | $0 | $43,093 |
| Enderson Dan | Sec/Group President/CFO (End 4/24) Officer | 50 | $0 | $1,122,402 | $78,157 |
| McKinney Jillyan | Former Key Employee Former | 0 | $0 | $707,555 | $136,026 |
| Dodds Rick | CEO Littleton Adventist Hospital Key employee | 50 | $0 | $667,764 | $129,045 |
| Goebel Michael | CEO Parker Adventist Hospital Key employee | 50 | $0 | $716,972 | $42,349 |
| Folkenberg Todd | CEO Porter Adventist Hospital Key employee | 50 | $0 | $616,133 | $134,722 |
| Smith Mark | CEO Avista Adventist Hosp (Beg 4/24) Key employee | 50 | $0 | $610,174 | $89,054 |
14 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Sendros Isaac | Former Key Employee Former | 0 | $0 | $577,661 | $120,179 |
| Pittman Jeremy | CEO CRAH (End 3/24), CFO (Beg 4/24) Officer | 50 | $0 | $555,697 | $130,227 |
| Fuentes Michelle | CEO Castle Rock Adventist (Beg 5/24) Key employee | 50 | $0 | $546,791 | $71,329 |
| Fisher Jonathan | Former Key Employee Former | 0 | $0 | $503,832 | $103,928 |
| Ward Erin | CFO Parker Adventist Hosp(End 11/24) Key employee | 50 | $0 | $351,684 | $27,303 |
| Still Danae | CFO Littleton Adventist Hospital Key employee | 50 | $0 | $321,020 | $54,331 |
| Erickson Jonathan | CFO Avista Adventist Hospital Key employee | 50 | $0 | $321,304 | $46,129 |
| Whitlock Andrew | CFO Porter Adventist Hospital Key employee | 50 | $0 | $307,110 | $44,282 |
| Gal Matt | CFO Castle Rock Adventist Hospital Key employee | 50 | $0 | $268,673 | $23,992 |
| Travis Carol | Former Key Employee Former | 50 | $0 | $187,072 | $33,504 |
| Houmann Lars | Director Trustee or director | 1 | $0 | $71,012 | $0 |
| Thurber Gary | Director Trustee or director | 1 | $0 | $13,387 | $0 |
| Thurber John Mic | Director Trustee or director | 1 | $0 | $5,682 | $0 |
| Ordelheide Kris | Director Trustee or director | 1 | $895 | $0 | $0 |
990 for the year ended December 31, 2023: 31 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Banko Peter | Former Officer Former | 5 | $0 | $8,101,604 | $876,505 |
| Gaasch Andrew | Treasurer/CFO (end 8/23) Officer | 50 | $0 | $3,099,191 | $262,309 |
| Enderson Dan | Sec/Group President/CFO (beg 8/23) Officer | 45 | $0 | $3,016,062 | $311,180 |
| Rathbun Paul | Director (end 8/23) Trustee or director | 1 | $0 | $2,655,900 | $503,993 |
| Banks David | Director/Chairman (beg 11/23) Trustee or director | 5 | $0 | $2,205,351 | $180,461 |
| Randolph Karsten | Director/Multi State CFO (beg 8/23) Trustee or director | 5 | $0 | $2,198,983 | $169,849 |
| Bacon Kenneth | Dir/Chairman Multi State CEO (end 11/23) Trustee or director | 5 | $0 | $1,770,929 | $273,737 |
| RajpalMD Sharad | Surgeon-Neuro Highest-paid employee | 50 | $1,672,543 | $0 | $49,807 |
| Folkenberg Todd | CEO Porter Adventist Hospital Key employee | 50 | $0 | $1,270,050 | $156,472 |
| Jennings MD Jason | Surgeon-Orthopedic Highest-paid employee | 50 | $1,163,346 | $0 | $52,435 |
| Yang MD Charlie | Surgeon-Orthopedic Highest-paid employee | 50 | $1,158,921 | $0 | $48,361 |
| Miner MD Todd | Surgeon-Orthopedic Highest-paid employee | 50 | $1,109,169 | $0 | $55,060 |
| Goebel Michael | CEO Parker Adventist Hospital Key employee | 50 | $0 | $1,001,751 | $122,478 |
| Ewell MD Nelson | Surgeon-Neuro Highest-paid employee | 50 | $1,055,986 | $0 | $52,860 |
| Ordelheide Kris | Director (beg 8/23) Trustee or director | 1 | $0 | $1,008,974 | $93,772 |
| Sendros Isaac | Former Key Employee Former | 0 | $0 | $930,653 | $118,304 |
| Dodds Rick | CEO Littleton Adventist Hospital Key employee | 50 | $0 | $910,939 | $129,417 |
| Spenst Brett | Director/CEO (beg 8/23) Trustee or director | 50 | $0 | $956,760 | $35,847 |
| Pittman Jeremy | CEO Castle Rock Adventist Hospital Key employee | 50 | $0 | $681,679 | $128,327 |
| McKinney Jillyan | Former Key Employee Former | 0 | $0 | $647,906 | $121,514 |
| Fisher Jonathan | Former Key Employee Former | 0 | $0 | $584,185 | $97,877 |
| Still Danae | CFO Littleton Adventist Hospital Key employee | 50 | $0 | $520,487 | $51,540 |
| Travis Carol | CFO Avista Adventist Hospital Key employee | 50 | $0 | $375,424 | $65,321 |
| Erickson Jonathan | CFO Avista Adventist Hospital (beg 9/23) Key employee | 50 | $0 | $400,025 | $37,930 |
| Ward Erin | CFO Parker Adventist Hospital Key employee | 50 | $0 | $359,020 | $6,723 |
| Whitlock Andrew | CFO Porter Adventist Hospital Key employee | 50 | $0 | $296,582 | $34,017 |
| Finch Kenneth | CEO Avista Adventist Hospital Key employee | 50 | $0 | $306,000 | $0 |
| Gal Matt | CFO Castle Rock Adventist Hospital Key employee | 50 | $0 | $284,361 | $14,530 |
| Houmann Lars | Director Trustee or director | 1 | $0 | $24,761 | $0 |
| Thurber Gary | Director Trustee or director | 1 | $0 | $6,503 | $0 |
| Thurber John Mic | Director Trustee or director | 1 | $0 | $5,706 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Banko Peter | Former President CHC Former | 0 | $0 | $3,734,177 | $771,093 |
| Rathbun Paul | Board Member / AH CFO Trustee or director | 1 | $0 | $2,536,010 | $211,956 |
| Enderson Dan | Secretary-Group President Officer | 5 | $0 | $1,659,367 | $256,943 |
| Bacon Kenneth | Board Chairman/AH CEO Multi State Trustee or director | 5 | $0 | $1,621,638 | $290,272 |
| Gaasch Andrew | Treasurer/CFO Officer | 5 | $0 | $1,263,429 | $215,974 |
| Jennings MD Jason | Orthopedic Surgeon Highest-paid employee | 50 | $1,398,131 | $0 | $41,270 |
| Huenergardt Samuel | Former Key Emp/CEO Mid-America Former | 0 | $0 | $1,080,966 | $193,052 |
| Yang MD Charlie | Orthopedic Surgeon Highest-paid employee | 50 | $1,216,204 | $0 | $37,920 |
| Miner MD Todd | Orthopedic Surgeon Highest-paid employee | 50 | $1,200,856 | $0 | $35,142 |
| Sanchez II MD Anthony | Orthopedic Surgeon Highest-paid employee | 50 | $1,107,538 | $0 | $37,656 |
| Rajpal Sharad | Neuro Surgeon Highest-paid employee | 50 | $1,004,601 | $0 | $11,942 |
| Goebel Michael | CEO Parker Adventist Hospital Key employee | 50 | $0 | $879,818 | $135,883 |
| Folkenberg Todd | CEO Porter Adventist Hospital Key employee | 50 | $0 | $759,525 | $134,932 |
| Dodds Rick | CEO Littleton Adv Hospital Key employee | 50 | $0 | $794,364 | $76,509 |
| McKinney Jillyan | Former Key Emp/CEO AHMG Central FL Former | 0 | $0 | $636,517 | $128,575 |
| Houmann Lars | Board Member Trustee or director | 1 | $0 | $682,872 | $13,112 |
| Sendros Isaac | CEO Avista Adv Hosp(end 2/23) Key employee | 50 | $0 | $550,929 | $107,665 |
| Dean Morre | Former Officer/CIO Former | 0 | $0 | $588,393 | $22,337 |
| Pittman Jeremy | CEO Castle Rock Adv Hospital Key employee | 50 | $0 | $441,716 | $89,615 |
| Fisher Jonathan | Former Key Emp/CFO Wesley Former | 0 | $0 | $345,345 | $103,582 |
| Travis Carol | CFO Avista Adv Hospital Key employee | 50 | $0 | $353,151 | $36,569 |
| Ward Erin | CFO Parker Adv Hospital Key employee | 50 | $0 | $347,363 | $7,212 |
| Beckner Michelle | Former CFO Littleton Former | 0 | $0 | $319,429 | $31,708 |
| Gal Matt | CFO Castle Rock Adv Hospital Key employee | 50 | $0 | $272,573 | $8,095 |
| Still Danae | CFO Littleton(beg 2/23) Key employee | 50 | $0 | $230,466 | $40,111 |
| Whitlock Andrew | CFO Porter Adv Hosp(beg 12/22) Key employee | 50 | $0 | $194,516 | $36,569 |
| Thurber Gary | Board Member Trustee or director | 1 | $0 | $6,063 | $0 |
| Thurber John Mic | Board Member Trustee or director | 1 | $0 | $5,088 | $0 |
Address and contacts
- Address (IRS master file)
- 6061 S WILLOW DRIVE, GREENWOOD VILLAGE, CO 80111-5140
- Principal officer (990 for 2024)
- Brett Spenst, 6061 S Willow Drive, Greenwood Village, CO 80111
- Signed the 990
- Lynn C Addiscott, Assistant Secretary
- Phone
- (303) 765-6861
- Website
- www.adventhealth.com
Mission
Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The hospital and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.
Program accomplishments
- Operation 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.Expenses $1,638,288,212 · grants $534,227 · revenue $1,742,437,357
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-0438224
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Exempt since
- 1931
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Group exemption
- 1071: GENERAL CONFERENCE OF SEVENTH DAY ADVENTIST
- Assets (IRS master file)
- $1,813,793,572
- Income (IRS master file)
- $1,840,302,645
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,798,498,907 | $1,770,512,160 | $1,813,793,572 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $731,175,522 | $824,419,557 | $1,847,895,763 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | June 2023 | $1,536,037,183 | $1,468,547,151 | $1,992,859,331 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $1,484,227,840 | $1,370,076,693 | $1,937,409,919 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-0438224).
Questions about PORTERCARE ADVENTIST HEALTH SYSTEM
- What is the EIN of PORTERCARE ADVENTIST HEALTH SYSTEM?
- The employer identification number (EIN) of PORTERCARE ADVENTIST HEALTH SYSTEM is 84-0438224.
- Is PORTERCARE ADVENTIST HEALTH SYSTEM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1931.
- Which annual return does PORTERCARE ADVENTIST HEALTH SYSTEM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PORTERCARE ADVENTIST HEALTH SYSTEM due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PORTERCARE ADVENTIST HEALTH SYSTEM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PORTERCARE ADVENTIST HEALTH SYSTEM?
- The 990 for the year ended December 31, 2024 names Brett Spenst.
- Who are the officers and directors of PORTERCARE ADVENTIST HEALTH SYSTEM?
- The 990 for the year ended December 31, 2024 lists 29 people; 6 received compensation from the organization.
- How much revenue does PORTERCARE ADVENTIST HEALTH SYSTEM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,798,498,907, expenses of $1,770,512,160 and total assets of $1,813,793,572 at year end.
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