COLORADO WEST PSYCHIATRIC HOSPITAL… - Form 990 Financial Data

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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 M SHEEHAN

Phone

9706837027

Tax Period

2021-07-01 to 2022-06-30

COLORADO WEST PSYCHIATRIC HOSPITAL INC, founded in 2009, is a mid-sized nonprofit in the Mental Health sector that reported $16.8M in total revenue in fiscal year 2021. Revenue grew 8% year-over-year, indicating healthy expansion.

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: $13,189,140 Revenue: $16,451,331

THE HOSPITAL PROVIDES INPATIENT MENTAL HEALTH SERVICES TO A 10-COUNTY AREA OF WESTERN COLORADO INCLUDING OBSERVATION AND WALK-IN CENTER.

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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 $298,848

Program Service Revenue $16,354,748

Investment Income $0

Other Revenue $96,583

TOTAL REVENUE $16,750,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,017,189

Fundraising Expenses $0

Program Expenses $13,189,140

Other Expenses $6,350,054

TOTAL EXPENSES $17,367,243

Year-over-Year Comparison

	2021	2020	Change
Revenue	$16,750,179	$15,441,222	+0.1%
Expenses	$17,367,243	$17,903,335	0.0%
Net Income	$-617,064	$-2,462,113	-0.7%

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

N/A

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

$328,894

Total Directors

$569,219

Key Employees

$304,156

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG PATTISON	CEO (FORMER CFO)	40.00	Director	$0	$0	$240,325
SHARON RAGGIO	PRESIDENT & CEO (RESIGNED IN 2022)	40.00	Officer Director	$0	$0	$328,894
STEFAN BATE	CHAIR-ELECT	2.00	Officer Director	$0	$0	$0
DR ALI SALIMAN	CHAIR (FORMER)	2.00	Director	$0	$0	$0
CAROL SKUBIC	SECRETARY/TREASURER	40.00	Officer Director	$0	$0	$0
BILL ANUSZEWSKI	MEMBER	2.00	Director	$0	$0	$0
JIM CLEAVER	MEMBER	2.00	Director	$0	$0	$0
LARRY DUPPER	MEMBER	2.00	Director	$0	$0	$0
JOAN NAPOLILLI	MEMBER	2.00	Director	$0	$0	$0
ANGELA STRODE	MEMBER	2.00	Director	$0	$0	$0
PAT TUCKER	MEMBER	2.00	Officer Director	$0	$0	$0
COLLEEN FLACK	MEMBER	2.00	Director	$0	$0	$0
FRANCIS LOTRICH	HOSPITAL MEDICAL DIRECTOR	40.00	Key Emp	$0	$0	$304,156
MARK D RAMSEY	PSYCHIATRIST	40.00	Highest	$0	$0	$285,508

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	$16,750,179	$17,367,243	$13,954,605	$-617,064
2021	$15,441,222	$17,903,335	$14,072,864	$-2,462,113
2020	$16,661,388	$20,350,307	$16,798,504	$-3,688,919
2019	$19,207,602	$18,050,556	$18,136,666	$1,157,046
2018	$20,976,516	$20,409,511	$13,548,519	$567,005

COLORADO WEST PSYCHIATRIC HOSPITAL INC