COLORADO WEST INC

EIN: 264166271 501(c)(3) Health Care

GRAND JUNCTION, CO

Total Revenue
$13,910,700
Total Expenses
$12,678,678
Total Assets
$66,728,330
Net Assets
$35,885,498
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CO
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.

Program Service Accomplishments

Program 1
Expenses: $1,905,890 Revenue: $13,541,532

MIND SPRINGS, INC. (MS), FORMERLY COLORADO WEST, INC., PROVIDES MENTAL WELLNESS, BEHAVIORAL CHANGE AND SUBSTANCE ABUSE TREATMENT AND SERVICES ON COLORADO'S WESTERN SLOPE THROUGH A NETWORK OF 13...

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MIND SPRINGS, INC. (MS), FORMERLY COLORADO WEST, INC., PROVIDES MENTAL WELLNESS, BEHAVIORAL CHANGE AND SUBSTANCE ABUSE TREATMENT AND SERVICES ON COLORADO'S WESTERN SLOPE THROUGH A NETWORK OF 13 OUTPATIENT CLINICS AND HOSPITAL, MS'S WHOLLY OWNED SUBSIDIARIES, MIND SPRINGS HEALTH (MSH) FKA COLORADO WEST REGIONAL MENTAL HEALTH, INC., AND WEST SPRINGS HOSPITAL, INC. (WSH) FKA COLORADO WEST PSYCHIATRIC HOSPITAL, INC. MS PROVIDES ADMINISTRATIVE OVERSIGHT AND MANAGEMENT SERVICES TO SUBSIDIARY ORGANIZATIONS, MSH AND WSH.

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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%)

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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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
845
Volunteers
7

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
1
$240,325
Total Directors
7
$240,325
Key Employees
3
$887,237
Highest Compensated
0
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
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