COLORADO SPRINGS HEALTH FOUNDATION

EIN: 461076026 501(c)(3) Philanthropy & Grantmaking

COLORADO SPRINGS, CO

Total Revenue
$21,844,203
Total Expenses
$7,272,428
Total Assets
$200,524,713
Net Assets
$200,239,774
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CO
Principal Officer
Curtis C Brown
Phone
7199858989
Tax Period
2024-01-01 to 2024-12-31

COLORADO SPRINGS HEALTH FOUNDATION, founded in 2012, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $21.8M in total revenue in fiscal year 2024. Revenue surged 384% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.6M, a strong 67% operating margin.

Mission

TO PROVIDE GRANTS THAT TARGET IMMEDIATE HEALTHCARE NEEDS AND ENCOURAGE HEALTHY LIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,008,387
Program Service Revenue $0
Investment Income $16,835,816
Other Revenue $0
TOTAL REVENUE $21,844,203

Expense Breakdown

Grants Paid $6,379,813
Salaries & Benefits $441,374
Fundraising Expenses $0
Program Expenses $6,818,438
Other Expenses $451,241
TOTAL EXPENSES $7,272,428

Year-over-Year Comparison

2024 2023 Change
Revenue $21,844,203 $4,509,507 +3.8%
Expenses $7,272,428 $6,258,299 +0.2%
Net Income $14,571,775 $-1,748,792 -9.3%
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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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
12

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
$203,752
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Caroline T Davis Executive Director 40.0
Officer
$174,675 $29,077 $203,752
Jamie B Thompson Senior Program Officer 40.0
Highest
$127,454 $9,787 $137,241
James Johnson Board Chair 4.0
Officer Director
$0 $0 $0
Mary Coleman Board Secretary 3.0
Officer Director
$0 $0 $0
Curtis Brown Board Treasurer 3.0
Officer Director
$0 $0 $0
Martha Barton Board Member (To 3/2024) 2.0
Director
$0 $0 $0
Ann Cesare Board Member 2.0
Director
$0 $0 $0
Kent Fortune Board Member 2.0
Director
$0 $0 $0
Annette Fryman Board Member 2.0
Director
$0 $0 $0
Chris Garvin Board Member (From 03/2024) 2.0
Director
$0 $0 $0
Jackie Jaramillo Board Member (From 03/2024) 2.0
Director
$0 $0 $0
Fr Augustine Nellary PhD Board Member 2.0
Director
$0 $0 $0
Jacob Pruitt Board Member 2.0
Director
$0 $0 $0
Erik Wallace MD Board Member 2.0
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 $21,844,203 $7,272,428 $200,524,713 $14,571,775
2023 $4,509,507 $6,258,299 $178,599,394 $-1,748,792
2022 $14,434,790 $7,149,738 $155,188,686 $7,285,052
2021 $20,158,263 $6,935,017 $192,761,783 $13,223,246
2020 $8,696,423 $5,223,757 $167,553,543 $3,472,666
2019 $10,909,041 $4,739,436 $146,523,082 $6,169,605
2018 $14,924,571 $7,469,654 $121,038,924 $7,454,917
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