PEAK HEALTH ALLIANCE

EIN: 834270490 501(c)(3) Health Care

DILLON, CO

Total Revenue
$341,570
Total Expenses
$344,362
Total Assets
$303,000
Net Assets
$278,278
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CO
Principal Officer
RICHARD CIMINO
Phone
9704550381
Tax Period
2024-01-01 to 2024-12-31

PEAK HEALTH ALLIANCE, founded in 2019, is a small nonprofit in the Health Care sector that reported $342K in total revenue in fiscal year 2024. Revenue surged 190% from the prior year, signaling strong growth momentum.

Mission

PEAK HEALTH ALLIANCE IS ORGANIZED FOR THE PURPOSE OF ARRANGING FOR MORE COST-EFFECTIVE HEALTH INSURANCE AND HEALTH INSURANCE ADMINISTRATIVE SERVICES FOR EMPLOYERS WITH A PHYSICAL PRESENCE IN RURAL COLORADO AND THEIR EMPLOYEES AND INDIVIDUALS WHO RESIDE WITHIN COMMUNITIES WHO HAVE JOINED PEAK HEALTH ALLIANCE.

Program Service Accomplishments

Program 1
Expenses: $172,535 Revenue: $326,070

PEAK HEALTH ALLIANCE USES THE PURCHASING POWER OF THE COMMUNITIES WE REPRESENT TO NEGOTIATE LOWER HEALTH INSURANCE PREMIUMS. WE OFFER HEALTH INSURANCE PLANS THROUGH AN INSURANCE CARRIER SELECTED...

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PEAK HEALTH ALLIANCE USES THE PURCHASING POWER OF THE COMMUNITIES WE REPRESENT TO NEGOTIATE LOWER HEALTH INSURANCE PREMIUMS. WE OFFER HEALTH INSURANCE PLANS THROUGH AN INSURANCE CARRIER SELECTED BASED ON THEIR ABILITY TO OFFER THE MOST COMPETITIVE RATES AND COMPREHENSIVE PLANS. WHILE OUR ABILITY TO OPERATE AND OFFER PLANS IS GRANTED UNDER COLORADO LAW AND ENFORCED BY THE DIVISION OF INSURANCE, WE ARE NOT A STATE AGENCY. THE KEY TO OUR SUCCESS IS A COLLABORATIVE APPROACH THAT INCLUDES LOCAL LEADERS AND PROVIDERS IN DEVELOPING INNOVATIVE HEALTHCARE SOLUTIONS. PHA HAS EXPANDED ITS SERVICE AREA TO INCLUDE NEARBY GRAND, LAKE, AND PARK COUNTIES. IN SOUTHWEST COLORADO, PEAK PARTNERS WITH THE LOCAL FIRST FOUNDATION TO SERVE DOLORES, LA PLATA, MONTEZUMA, AND SAN JUAN COUNTIES. ARCHULETA COUNTY IS NEW FOR 2024. IN ITS BRIEF EXISTENCE, PEAK HEALTH ALLIANCE HAS SAVED MEMBERS MORE THAN 18.9 MILLION DOLLARS ACROSS THE COMMUNITIES IT SERVES. THESE SAVINGS MEAN MONEY THAT WOULD HAVE BEEN SPENT ON INSURANCE PREMIUMS REMAINED IN THE LOCAL ECONOMY.

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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 $15,500
Program Service Revenue $326,070
Investment Income $0
Other Revenue $0
TOTAL REVENUE $341,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,176
Fundraising Expenses $131,860
Program Expenses $172,535
Other Expenses $250,186
TOTAL EXPENSES $344,362

Year-over-Year Comparison

2024 2023 Change
Revenue $341,570 $117,636 +1.9%
Expenses $344,362 $500,089 -0.3%
Net Income $-2,792 $-382,453 -1.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
5
$93,936
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD CIMINO EXEC DIR-BEG 40.00
Officer
$57,000 $0 $57,000
ANNE LADD CEO-END 3/15 40.00
Officer
$36,936 $0 $36,936
MARK SPIERS CHAIR 2.31
Officer Director
$0 $0 $0
SCOTT BINDER TREASURER 1.15
Officer Director
$0 $0 $0
MERIDA ODIORNE SECRETARY 1.15
Officer Director
$0 $0 $0
DON DANKNER BOARD MEMBER 0.69
Director
$0 $0 $0
HAN SMITH BOARD MEMBER 0.69
Director
$0 $0 $0
BILL WISON BOARD MEMBER 0.69
Director
$0 $0 $0
CURTIS LANGE BOARD MEMBER 0.69
Director
$0 $0 $0
ANDY ATENCIO BOARD MEMBER 0.69
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 $341,570 $344,362 $303,000 $-2,792
2023 $117,636 $500,089 $370,325 $-382,453
2022 $872,715 $637,427 $699,233 $235,288
2021 $1,138,376 $719,614 $510,058 $418,762
2020 $655,060 $942,964 $176,324 $-287,904
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