CATHOLIC HEALTH INITIATIVES COLORA… - Form 990 Financial Data

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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

2024-07-01 to 2025-06-30

CATHOLIC HEALTH INITIATIVES COLORADO, founded in 1968, is a large national nonprofit in the Health Care sector that reported $3.4B in total revenue in fiscal year 2024.

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.

Program Service Accomplishments

Program 1

Expenses: $2,940,641,713 Revenue: $3,339,188,008

CATHOLIC HEALTH INITIATIVES-COLORADO IS A DIVERSE COMMUNITY OF CAREGIVERS CONNECTED AND FUELED BY OUR INDIVIDUAL PASSIONS AND PURPOSES TO CHANGE THE WORLD AROUND US. WHILE INDIVIDUALLY INSPIRED, WE ARE COLLECTIVELY UNIFIED BY OUR MISSION. THIS PROCESS PRESENTS AN OPPORTUNITY TO FULFILL OUR COMMITMENT TO OUR ORGANIZATIONAL MISSION TO "EXTEND THE HEALING MINISTRY OF CHRIST BY CARING FOR THOSE WHO ARE ILL AND BY NURTURING THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES."

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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 $15,020,684

Program Service Revenue $3,339,188,008

Investment Income $35,070,833

Other Revenue $53,535,642

TOTAL REVENUE $3,442,815,167

Expense Breakdown

Grants Paid $4,104,181

Salaries & Benefits $1,450,181,518

Fundraising Expenses $0

Program Expenses $2,940,641,713

Other Expenses $2,183,146,402

TOTAL EXPENSES $3,637,432,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,442,815,167	$3,295,837,327	+0.0%
Expenses	$3,637,432,101	$3,222,406,009	+0.1%
Net Income	$-194,616,934	$73,431,318	-3.7%

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

16223

Volunteers

1067

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

$14,185,973

Total Directors

$19,193,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MCGINN MD	BOARD MEMBER/CSH SEVP, CHIEF PHYSICIAN EXECUTIVE O	1.00	Director	$0	$338,934	$5,539,630
DANIEL MORISSETTE	CO-CHAIR/CSH SEVP, CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$125,735	$5,173,837
MITCH MELFI ESQ	CHAIR/CSH SEVP, CHIEF LEGAL OFFICER	1.00	Officer Director	$0	$45,113	$4,666,901
PETER BANKO	FORMER CEO/PRESIDENT MOUNTAIN REGION	0.00		$0	$107,380	$3,955,729
SHERI SHAPIRO	BOARD MEMBER/CSH SEVP CHIEF STRATEGY OFFICER	1.00	Director	$0	$341,875	$3,812,862
ANDREW GAASCH	PRESIDENT MOUNTAIN REGION	1.00	Officer	$0	$284,175	$2,430,605
MATT BROWN	FORMER INTERIM PRESIDENT MTN REGION/INTERIM PRESID	0.00		$0	$176,408	$2,001,720
SHAUNA GULLEY	FORMER HCE	0.00		$0	$210,417	$1,748,799
JOEL MACDONALD	PHYSICIAN	50.00	Highest	$1,497,650	$85,489	$1,583,139
MARCHYARN MAHATHANARUK	PHYSICIAN	50.00	Highest	$1,513,788	$42,046	$1,555,834
ALLISON ROBERTS	PHYSICIAN	50.00	Highest	$1,413,902	$9,598	$1,423,500
DENNIS KRAUS	FORMER HCE	0.00		$0	$47,523	$1,250,369
WILLIAM HOWARTH	PHYSICIAN	50.00	Highest	$1,224,707	$24,330	$1,249,037
CAMILLE AZAR	PHYSICIAN GASTROENTEROLOGY	50.00	Highest	$1,180,029	$66,964	$1,246,993
KEVIN JENKINS	FORMER KEY EMPLOYEE	0.00		$0	$55,433	$1,151,152
THOMAS DONOHOE	SECRETARY/SVP LEGAL SERVICES & GENERAL COUNSEL (TH	1.00	Officer	$0	$59,958	$931,013
TADD RICHERT	TREASURER/MTN. REGION CFO	1.00	Officer	$0	$69,350	$716,751
MIKE CAFASSO	FORMER KEY EMPLOYEE	0.00		$0	$43,754	$692,903
MATTHEW LEARY	FORMER KEY EMPLOYEE	0.00		$0	$53,443	$647,957
PATRICK SHARP	FORMER KEY EMPLOYEE	0.00		$0	$41,273	$601,741
CARRIE DAMON	FORMER KEY EMPLOYEE	0.00		$0	$24,806	$566,897
KEVIN WIKOFF	FORMER KEY EMPLOYEE	0.00		$0	$29,382	$552,708
KATHERINE BROOKS	SECRETARY/SVP, MTN. REGION GENERAL COUNSEL	1.00	Officer	$0	$34,210	$266,866

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	$3,442,815,167	$3,637,432,101	$5,693,831,654	$-194,616,934
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