SAN FRANCISCO, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO IMPROVE THE HEALTH OF INDIVIDUALS AND COMMUNITIES THROUGH TRUSTED PARTNERSHIPS WITH MEMBERS, EMPLOYERS AND PROVIDERS.
COLORADO HEALTHOP WAS FORMED AND GRANTED A FEDERAL START-UP LOAN TO START A HEALTH INSURANCE COOPERATIVE UNDER THE AFFORDABLE CARE ACT IN 2012. ACTIVITIES OF THE ORGANIZATION IN 2012 AND 2013 WERE...
COLORADO HEALTHOP WAS FORMED AND GRANTED A FEDERAL START-UP LOAN TO START A HEALTH INSURANCE COOPERATIVE UNDER THE AFFORDABLE CARE ACT IN 2012. ACTIVITIES OF THE ORGANIZATION IN 2012 AND 2013 WERE FUNDED THROUGH THE FEDERAL START-UP LOAN AND INCLUDED BUILDING THE OPERATIONAL INFRASTRUCTURE, OBTAINING A CERTIFICATE OF AUTHORITY FROM THE COLORADO DIVISION OF INSURANCE, DESIGNING BENEFIT PLANS, ESTABLISHING NETWORK ADEQUACY, AND PERFORMING OUTREACH AND AWARENESS OF A NEW HEALTH INSURANCE COMPANY IN THE COLORADO MARKET. COLORADO HEALTHOP BEGAN SELLING INDIVIDUAL AND SMALL GROUP INSURANCE POLICIES ON OCTOBER 1, 2013 WITH EFFECTIVE DATES OF JANUARY 1, 2014 AND CONTINUED TO SELL INDIVIDUAL AND SMALL GROUP HEALTH INSURANCE POLICIES ON AND OFF THE COLORADO HEALTH EXCHANGE (CONNECT FOR HEALTH COLORADO) DURING 2015. IN 2016, THE COMPANY WAS DECLARED INSOLVENT AND PLACED INTO COURT ORDERED LIQUIDATION. IN 2019, THE COMPANY RECEIVED BOTH A REINSURANCE RECOVERY AND PROCEEDS FROM THE SALE OF THE RISK CORRIDOR RECEIVABLE THAT WILL BE USED TO PAY OUTSTANDING CLAIMS. OTHER DISTRIBUTIONS WERE RECEIVED IN 2022 AND 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NONE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| 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 |
Compare COLORADO HEALTH INSURANCE COOPERATIVE INC with other nonprofits in California and across the country.