COLORADO WEST INC (EIN 264166271) - 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

2009

Legal Domicile

Principal Officer

JOHN SHEEHAN

Phone

9706837149

Tax Period

2021-07-01 to 2022-06-30

COLORADO WEST INC, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $13.9M in total revenue in fiscal year 2021. Revenue decreased 10% compared to the prior year. Expenses of $12.7M left a modest 9% surplus.

Mission

WE REBUILD LIVES AND INSPIRE HOPE BY PROVIDING EXCEPTIONAL MENTAL HEALTH AND ADDICTION RECOVERY CARE STRENGTHENING THE HEALTH AND VITALITY OF OUR COMMUNITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,541,532

Investment Income $369,168

Other Revenue $0

TOTAL REVENUE $13,910,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,224,076

Fundraising Expenses $426,338

Program Expenses $1,905,890

Other Expenses $6,454,602

TOTAL EXPENSES $12,678,678

Year-over-Year Comparison

	2021	2020	Change
Revenue	$13,910,700	$15,414,115	-0.1%
Expenses	$12,678,678	$13,055,740	0.0%
Net Income	$1,232,022	$2,358,375	-0.5%

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

Employees

845

Volunteers

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

$240,325

Total Directors

$240,325

Key Employees

$887,237

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG PATTISON	CEO	40.00	Officer Director	$240,325	$0	$240,325
STEFAN BATE	BOARD CHAIR	2.00	Director	$0	$0	$0
ANGELA STRODE	MEMBER	2.00	Director	$0	$0	$0
BILL ANUSZEWSKI	MEMBER	2.00	Director	$0	$0	$0
CAROL SKUBIC	MEMBER	2.00	Director	$0	$0	$0
PAT TUCKER	MEMBER	2.00	Director	$0	$0	$0
DR ALI SALIMAN	CHAIR	2.00	Director	$0	$0	$0
WILLIAM ELSASS	CHIEF MEDICAL OFFICER	40.00	Key Emp	$374,385	$0	$374,385
SHARON RAGGIO	PRESIDENT & CEO (RESIGNED)	40.00	Key Emp	$328,894	$0	$328,894
ROGER SHEFFIELD	PRESIDENT, MIND SPRINGS FOUNDATION	40.00	Key Emp	$183,958	$0	$183,958

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
2022	$13,910,700	$12,678,678	$66,728,330	$1,232,022
2021	$15,414,115	$13,055,740	$65,909,221	$2,358,375
2020	$31,061,998	$28,000,786	$69,129,945	$3,061,212
2019	$25,718,609	$24,349,948	$63,013,913	$1,368,661
2018	$39,300,251	$34,642,728	$59,207,220	$4,657,523

COLORADO WEST INC