CATHOLIC HEALTH INITIATIVES COLORADO (EIN 840405257) - 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

1968

Legal Domicile

Principal Officer

ANDREW GAASCH

Phone

3032906500

Tax Period

2023-07-01 to 2024-06-30

CATHOLIC HEALTH INITIATIVES COLORADO, founded in 1968, is a large national nonprofit in the Health Care sector that reported $3.3B in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

WE MAKE THE HEALING PRESENCE OF GOD KNOWN IN OUR WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

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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 $4,471,367

Program Service Revenue $3,215,712,602

Investment Income $23,046,680

Other Revenue $52,606,678

TOTAL REVENUE $3,295,837,327

Expense Breakdown

Grants Paid $5,767,151

Salaries & Benefits $1,282,117,112

Fundraising Expenses $0

Program Expenses $2,623,977,102

Other Expenses $1,934,521,746

TOTAL EXPENSES $3,222,406,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,295,837,327	$2,634,498,679	+0.3%
Expenses	$3,222,406,009	$2,453,902,240	+0.3%
Net Income	$73,431,318	$180,596,439	-0.6%

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

N/A

Employees

15641

Volunteers

823

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

$26,087,568

Total Directors

$21,060,001

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BANKO	CEO/PRESIDENT (THRU 1/26/24)	5.00	Officer	$0	$160,312	$8,261,916
DANIEL MORISSETTE	VICE CHAIR/CSH SEVP, CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$610,668	$7,843,256
ELIZABETH SHIH	BOARD MEMBER/CSH SEVP, CHIEF ADMINISTRATIVE OFFICE	1.00	Director	$0	$227,967	$5,886,614
MITCH MELFI ESQ	CHAIR/CSH SEVP, CHIEF LEGAL OFFICER	1.00	Officer Director	$0	$41,536	$3,283,518
ANDREW GAASCH	TREASURER (THRU 5/27/24)/PRESIDENT MOUNTAIN REGION	1.00	Officer	$0	$90,638	$3,189,829
THOMAS MCGINN	BOARD MEMBER/CSH EVP, PHYSICIAN ENTERPRISE	1.00	Director	$0	$51,780	$3,160,192
SHAUNA GULLEY	FORMER HCE	0.00		$0	$98,677	$3,022,382
GARY LICHTENBERGER	FORMER HCE	0.00		$0	$90,850	$3,001,213
DEAN SANPEI	FORMER HCE	0.00		$0	$86,894	$2,874,477
DAN ENDERSON	FORMER KEY EMPLOYEE	0.00		$0	$61,618	$2,748,864
KEVIN JENKINS	FORMER KEY EMPLOYEE	0.00		$0	$64,683	$1,953,720
MATT BROWN	INTERIM PRESIDENT (1/27/24 - 5/26/24)/CSH CHIEF TR	1.00	Officer	$0	$53,052	$1,667,159
THOMAS GESSEL	FORMER KEY EMPLOYEE	0.00		$0	$50,175	$1,604,529
ALLISON ROBERTS	PHYSICIAN	50.00	Highest	$1,510,532	$49,971	$1,560,503
CARRIE DAMON	FORMER KEY EMPLOYEE	0.00		$0	$68,922	$1,542,506
CAMILLE AZAR	PHYSICIAN GASTROENTEROLOGY	50.00	Highest	$1,345,117	$66,517	$1,411,634
PATRICK SHARP	FORMER KEY EMPLOYEE	0.00		$0	$64,361	$1,298,064
DENNIS KRAUS	FORMER HCE	0.00		$0	$52,877	$1,238,418
MARCHYARN MAHATHANARUK	PHYSICIAN	50.00	Highest	$1,093,014	$35,609	$1,128,623
WILLIAM ANDERSON	FORMER HCE	0.00		$0	$30,137	$1,116,993
ROLAND BAIZA JR	PHYSICIAN	50.00	Highest	$969,263	$68,263	$1,037,526
ALAN MONROE	PHYSICIAN	50.00	Highest	$961,540	$59,216	$1,020,756
KRIS ORDELHEIDE	FORMER SECRETARY/SVP AND GENERAL COUNSEL, CENTURA	0.00		$0	$31,927	$1,011,905
THOMAS DONOHOE	SECRETARY/SR VP LEGAL SERVICES & GENERAL COUNSEL	1.00	Officer	$0	$48,801	$985,745
MATTHEW LEARY	FORMER KEY EMPLOYEE	0.00		$0	$58,737	$943,203
SHERI SHAPIRO	BOARD MEMBER/SEVP CSH CHIEF STRATEGY OFFICER	1.00	Director	$0	$15,951	$886,421
TADD RICHERT	TREASURER/INTERIM CFO, MOUNTAIN REGION	1.00	Officer	$0	$65,539	$856,145
KEVIN WIKOFF	FORMER KEY EMPLOYEE	0.00		$0	$42,071	$792,638
MIKE CAFASSO	FORMER KEY EMPLOYEE	0.00		$0	$40,406	$742,728
BRIAN ERLING	FORMER KEY EMPLOYEE	0.00		$0	$7,078	$495,185

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	No data	No data	No data	No data
2024	$3,295,837,327	$3,222,406,009	$6,053,020,485	$73,431,318
2023	$2,634,498,679	$2,453,902,240	$5,764,900,415	$180,596,439
2022	$2,473,879,938	$2,199,373,191	$3,366,223,442	$274,506,747
2021	$2,304,804,255	$2,031,442,928	$3,112,680,552	$273,361,327
2020	$2,251,377,457	$1,999,940,582	$2,858,674,385	$251,436,875
2019	$2,190,065,562	$1,986,825,346	$2,282,845,317	$203,240,216
2018	$2,066,856,233	$1,928,172,000	$2,084,353,018	$138,684,233

CATHOLIC HEALTH INITIATIVES COLORADO