Children's Hospital Colorado Healt… - 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

2011

Legal Domicile

Phone

7207771234

Tax Period

2024-01-01 to 2024-12-31

Children's Hospital Colorado Health System, founded in 2011, is a major nonprofit in the Health Care sector that reported $121.8M in total revenue in fiscal year 2024. Revenue surged 207% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112.8M, a strong 93% operating margin.

Mission

to manage the investment of funds on behalf of Children's Hospital Colorado ("Hospital") and Children's Hospital Colorado Foundation ("Foundation").

Program Service Accomplishments

Program 1

Expenses: $129,969 Revenue: $0

CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM ("CHCHS") WAS FORMED BY THE HOSPITAL WITH AN EFFECTIVE DATE OF JANUARY 1, 2012 TO BE THE PARENT HOLDING COMPANY OF THE HOSPITAL. CHCHS'S BOARD WAS INITIALLY FORMED SUBSTANTIALLY WITH HOSPITAL AND CHILDREN'S HOSPITAL FOUNDATION BOARD MEMBERS AND CHIEF EXECUTIVE OFFICERS. IN CONNECTION WITH THE FORMATION OF CHCHS, THE FOUNDATION AMENDED ITS ARTICLES OF INCORPORATION SUCH THAT CHCHS BECAME THE SOLE CORPORATE MEMBER OF THE FOUNDATION. AS A RESULT, CHCHS ALSO ACQUIRED CONTROL OF THE FOUNDATION, WHICH WAS PREVIOUSLY GOVERNED SEPARATELY FROM THE HOSPITAL AND WAS REFLECTED AS A FINANCIALLY INTERRELATED ORGANIZATION OF THE HOSPITAL. DURING 2012, BOTH THE HOSPITAL AND THE FOUNDATION TRANSFERRED THE MAJORITY OF THEIR LONGER-TERM DESIGNATED ENDOWMENTS AND INVESTMENTS TO CHCHS. CHCHS INVESTS AND DISTRIBUTES THESE FUNDS FOR THE BENEFIT OF THE HOSPITAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $121,800,727

Other Revenue $-6,827

TOTAL REVENUE $121,793,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,321

Fundraising Expenses $0

Program Expenses $129,969

Other Expenses $8,788,156

TOTAL EXPENSES $8,951,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,793,900	$39,633,619	+2.1%
Expenses	$8,951,477	$10,962,315	-0.2%
Net Income	$112,842,423	$28,671,304	+2.9%

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

$6,641,051

Total Directors

$4,286,194

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jena Hausmann	Chief Executive Officer	4.0	Officer Director	$0	$437,831	$4,286,194
Betsy Searle	Board Director/Vice Chair	4.0	Director	$0	$0	$0
David Honeyfield	Board Director/Chair	4.0	Director	$0	$0	$0
David Hoover	Board Director (THRU 05/24)	4.0	Director	$0	$0	$0
Donald Elliman	Board Director	4.0	Director	$0	$0	$0
Ed Kerr	Board Director (AS OF 05/24)	4.0	Director	$0	$0	$0
John Fenley	Board Director	4.0	Director	$0	$0	$0
John Freyer Jr	Board Director	4.0	Director	$0	$0	$0
John Jack Wold	Board Director	4.0	Director	$0	$0	$0
Scott Morrison	Board Director	4.0	Director	$0	$0	$0
VICTORIA QUINTANA	Board Director (AS OF 05/24)	4.0	Director	$0	$0	$0
Jeffrey Harrington	Corporate Treasurer	4.0	Officer	$0	$222,270	$1,379,706
Michelle Lucero	Secretary	4.0	Officer	$0	$185,844	$975,151

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
2024	$121,793,900	$8,951,477	$1,441,798,489	$112,842,423
2023	$39,633,619	$10,962,315	$1,304,894,316	$28,671,304
2022	$47,574,104	$10,079,495	$1,171,322,596	$37,494,609
2021	$64,369,928	$11,667,235	$1,315,391,406	$52,702,693
2020	$8,084,997	$1,779,707	$1,154,803,891	$6,305,290
2019	$31,265,226	$1,060,941	$1,030,298,796	$30,204,285
2018	$26,902,968	$1,150,157	$892,299,973	$25,752,811

Children's Hospital Colorado Health System