NORTHEAST HEALTH PARTNERS

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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

2017

Legal Domicile

Principal Officer

KARI SNELSON

Phone

8885024191

Tax Period

2024-07-01 to 2025-06-30

NORTHEAST HEALTH PARTNERS, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $84.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

IMPROVE THE HEALTH AND WELLNESS OF MEDICAID MEMBERS IN NORTHEAST COLORADO UNDER A BEHAVIORAL HEALTH AND CARE COORDINATION CONTRACT WITH THE STATE OF COLORADO.

Program Service Accomplishments

Program 1

Expenses: $67,511,611 Revenue: $82,608,721

NORTHEAST HEALTH PARTNERS (NHP) FUNCTIONS AS A REGIONAL ACCOUNTABLE ENTITY TO PROVIDE BEHAVIORAL HEALTH SERVICES UNDER A CAPITATION AGREEMENT AND TO COORDINATE CARE FOR COLORADO HEALTH FIRST MEMBERS IN THE COLORADO MEDICAID PROGRAM THROUGH THE PCCM WAIVER. APPROXIMATE MEDICAID MEMBERSHIP WAS 72,000 MEMBERS ACROSS TEN COUNTIES.

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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 $82,608,721

Investment Income $1,503,267

Other Revenue $0

TOTAL REVENUE $84,111,988

Expense Breakdown

Grants Paid $11,018

Salaries & Benefits $2,301,833

Fundraising Expenses $0

Program Expenses $67,511,611

Other Expenses $80,855,804

TOTAL EXPENSES $83,168,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,111,988	$76,324,319	+0.1%
Expenses	$83,168,655	$78,216,263	+0.1%
Net Income	$943,333	$-1,891,944	-1.5%

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

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

$446,794

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITZI MORAN	BOARD CHAIRMAN	5.00	Officer Director	$0	$0	$0
DANTE GONZALES	BOARD VICE-CHAIRPERSON	5.00	Officer Director	$0	$0	$0
DAVID MADSEN	BOARD TREASURER	3.00	Officer Director	$0	$0	$0
KIM COLLINS	BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
SUE ARMSTRONG	BOARD MEMBER	3.00	Director	$0	$0	$0
JAY BORGMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
CELESTE EWERT	BOARD MEMBER	3.00	Director	$0	$0	$0
JACQUE FRENIER	BOARD MEMBER	3.00	Director	$0	$0	$0
SUZANNE SALMAN	BOARD MEMBER (THRU 11/24)	3.00	Director	$0	$0	$0
KARI SNELSON	CHIEF EXECUTIVE OFFICER	40.00	Officer	$226,885	$24,715	$251,600
TOM GRIMMER	CHIEF FINANCIAL OFFICER	40.00	Officer	$176,192	$19,002	$195,194
WAYNE WATKINS	CHIEF INFORMATION OFFICER	40.00	Highest	$161,505	$17,028	$178,533
DR BRIAN ROBERTSON	CHIEF OPERATING OFFICER	40.00	Highest	$142,187	$22,650	$164,837
JENNIFER HALE-COULSON	CHIEF OF CLINICAL OPERATIONS	40.00	Highest	$117,901	$17,033	$134,934

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
2025	$84,111,988	$83,168,655	$43,098,425	$943,333
2024	No data	No data	No data	No data
2023	$78,532,032	$76,304,995	$42,220,574	$2,227,037
2022	$75,197,230	$75,311,843	$31,498,986	$-114,613
2021	$65,458,400	$63,043,995	$26,240,511	$2,414,405
2020	$50,164,406	$48,774,791	$14,403,909	$1,389,615
2019	$54,929,244	$50,037,689	$13,423,834	$4,891,555
2018	$2,010,164	$95,064	$1,980,879	$1,915,100