COLORADO WEST PSYCHIATRIC HOSPITAL INC

EIN: 264166675 501(c)(3) Mental Health

GRAND JUNCTION, CO

Total Revenue
$16,750,179
Total Expenses
$17,367,243
Total Assets
$13,954,605
Net Assets
$5,407,245
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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 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

WEST SPRINGS HOSPITAL IS A LEADING PSYCHIATRIC HOSPITAL IN CO, RECOGNIZED FOR SKILL IN TREATMENT AND COMPASSIONATE, PROFESSIONAL STAFF. WE TREAT PATIENTS OF ALL AGES.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$328,894
Total Directors
12
$569,219
Key Employees
1
$304,156
Highest Compensated
1
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
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