COLORADO HEALTH INSURANCE COOPERATIVE INC (EIN 454749718) - 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

2012

Legal Domicile

Principal Officer

JOSEPH B HOLLOWAY JR

Phone

4156762126

Tax Period

2023-01-01 to 2023-12-31

COLORADO HEALTH INSURANCE COOPERATIVE INC, founded in 2012, is a mid-sized nonprofit in the Mutual Benefit sector that reported $36.8M in total revenue in fiscal year 2023. The organization ran a surplus of $31.2M, a strong 85% operating margin.

Mission

COLORADO HEALTHOP IS A CONSUMER GOVERNED AND OPERATED, NONPROFIT INSURANCE COMPANY THAT AIMS TO OFFER AFFORDABLE, HIGH QUALITY HEALTH COVERAGE TO INDIVIDUALS AND SMALL BUSINESSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $388,279

Other Revenue $36,373,038

TOTAL REVENUE $36,761,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,586,278

TOTAL EXPENSES $5,586,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,761,317	$-825,339	-45.5%
Expenses	$5,586,278	$109,925	+49.8%
Net Income	$31,175,039	$-935,264	-34.3%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NONE	DIRECTOR	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$36,761,317	$5,586,278	$9,353,464	$31,175,039
2022	$-825,339	$109,925	$4,168,692	$-935,264
2021	$-159,737	$2,475,586	$25,019,242	$-2,635,323
2020	$111,691	$30,402	$27,494,224	$81,289

COLORADO HEALTH INSURANCE COOPERATIVE INC