Grand Junction, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Quality Health Network, founded in 2004, is a community nonprofit in the Health Care sector that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $6.8M exceeded revenue, resulting in a 18% operating deficit.
Quality Health Network's (QHN) primary mission is to optimize the whole-person health of the more than 400,000 residents of the Western Colorado medical trade area QHN serves. QHN's health information exchange (HIE) improves the efficiency, timeliness, and quality of the healthcare provided for all, with a focus on non-profit providers, rural hospitals and clinics, public health services, Safety-Net providers, and community-based organizations to reduce the burden on government programs. The services QHN provides improve the ability of healthcare providers to collaborate, coordinate treatment, manage and prevent illness, and reduce costly duplicative testing and medical errors that are attributable to insufficient access to timely, accurate clinical information.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $5,797,901 | $5,273,835 | +0.1% |
| Expenses | $6,842,040 | $6,080,650 | +0.1% |
| Net Income | $-1,044,139 | $-806,815 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Gregory Reicks DO | President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| George Scott MD | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kevin Fitzgerald | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Charleen Raaum | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Chris Thomas | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kay Ramachandran | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| James R Curtsinger | Director of External Affai | 40.00 |
Director
|
$156,892 | $22,123 | $179,015 |
| Michael Pramenko MD | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Emma Cooper | Director of Data and Quali | 40.00 |
Director
|
$136,040 | $37,454 | $173,494 |
| Patrick Gordon | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Brian Hollingsworth | Director of Finance | 40.00 |
Director
|
$131,789 | $20,148 | $151,937 |
| Sherri Corey | Director of Community Relations | 40.00 |
Director
|
$111,387 | $31,802 | $143,189 |
| Cathy Story | Director of Community Collaboration | 40.00 |
Director
|
$64,248 | $7,718 | $71,966 |
| Julie Susemihl | Director of HR | 40.00 |
Director
|
$99,373 | $40,387 | $139,760 |
| J Michael Stahl | Secretary/Treasurer | 1.00 |
Officer
|
$0 | $0 | $0 |
| Richard Warner | Chief Project Management O | 40.00 |
Officer
|
$192,118 | $33,093 | $225,211 |
| Marc T Lassaux | CEO & Executive Director | 40.00 |
Officer
|
$273,109 | $58,866 | $331,975 |
| Joe Adragna MD | Director | 1.00 |
Officer
|
$0 | $0 | $0 |
| Jackie Sievers | Chief Operating Officer | 40.00 |
Officer
|
$164,428 | $41,983 | $206,411 |
| Ryan Eck | Manager of Data Strategy | 40.00 |
Highest
|
$110,858 | $17,930 | $128,788 |
| Andrew Meyer | Manager of Interoperabilit | 40.00 |
Highest
|
$125,755 | $44,084 | $169,839 |
| Laura Head | EHR Interface Manager | 40.00 |
Highest
|
$153,469 | $47,348 | $200,817 |
| Tessa McInnis | Assistant Director of CRN | 40.00 |
Highest
|
$108,405 | $29,021 | $137,426 |
| Kathryn Petefish | Senior Business Intelligence Engineer | 40.00 |
Highest
|
$117,500 | $40,100 | $157,600 |
| Richard Thompson | Former Executive Director | 40.00 |
|
$108,962 | $0 | $108,962 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $5,797,901 | $6,842,040 | $8,255,670 | $-1,044,139 |
| 2022 | $5,273,835 | $6,080,650 | $9,301,700 | $-806,815 |
| 2021 | $7,289,603 | $6,024,763 | $10,220,292 | $1,264,840 |
| 2020 | $6,489,163 | $5,145,273 | $8,651,809 | $1,343,890 |
| 2019 | $5,353,866 | $4,658,732 | $7,006,596 | $695,134 |
| 2018 | $5,089,974 | $4,146,938 | $6,247,652 | $943,036 |
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