COLORADO HOSPITAL ASSOCIATION

EIN: 840468242

Denver, CO

Total Revenue
$8,386,013
Total Expenses
$7,422,413
Total Assets
$10,834,817
Net Assets
$6,824,447
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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
1951
Legal Domicile
CO
Phone
7204891630
Tax Period
2024-01-01 to 2024-12-31

COLORADO HOSPITAL ASSOCIATION, founded in 1951, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $7.4M left a modest 11% surplus.

Mission

SUPPORT MEMBERS' COLLABORATIVE COMMITMENT TO ADVANCE THE HEALTH OF THEIR COMMUNITIES THROUGH AFFORDABLE, ACCESSIBLE, HIGH-QUALITY HEALTH CARE.

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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 $0
Program Service Revenue $7,708,891
Investment Income $417,429
Other Revenue $259,693
TOTAL REVENUE $8,386,013

Expense Breakdown

Grants Paid $200,375
Salaries & Benefits $5,101,405
Fundraising Expenses $0
Program Expenses $0
Other Expenses $2,120,633
TOTAL EXPENSES $7,422,413

Year-over-Year Comparison

2024 2023 Change
Revenue $8,386,013 $9,386,977 -0.1%
Expenses $7,422,413 $9,368,667 -0.2%
Net Income $963,600 $18,310 +51.6%
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

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Governance

Voting Members
14
Independent Members
13
Employees
42
Volunteers
13

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
7
$1,597,779
Total Directors
14
$828,549
Key Employees
5
$1,518,846
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Ressler Chair-Elect 1.0
Officer Director
$0 $0 $0
Jandel Allen-Davis MD Chair 1.0
Officer Director
$0 $0 $0
Jeff Tieman President & CEO 40.0
Officer Director
$772,116 $56,433 $828,549
Kevin Stansbury Immediate Past Chair 1.0
Officer Director
$0 $0 $0
Margo Karsten Secretary/Treasurer 1.0
Officer Director
$0 $0 $0
Andrew Gaasch Trustee 1.0
Director
$0 $0 $0
Brett Spenst Trustee 1.0
Director
$0 $0 $0
Chad Christianson Trustee 1.0
Director
$0 $0 $0
Chris Thomas Trustee 1.0
Director
$0 $0 $0
Donna Lynne Trustee 1.0
Director
$0 $0 $0
Jim Sheets Trustee 1.0
Director
$0 $0 $0
Kelly Gallegos Trustee 1.0
Director
$0 $0 $0
Michael Cancro Trustee 1.0
Director
$0 $0 $0
Nicole Milo Trustee 1.0
Director
$0 $0 $0
Katherine Mulready SVP Chief Strategy Officer 40.0
Officer
$366,520 $59,531 $426,051
Richard Prestidge SVP Chief Financial Officer 30.0
Officer
$302,170 $41,009 $343,179
Angela Sigurdson VP Human Resources 30.0
Key Emp
$199,907 $45,808 $245,715
Joshua Ewing VP Rural Health & Hospitals 40.0
Key Emp
$224,409 $45,195 $269,604
Julie Lonborg SVP Communications 40.0
Key Emp
$301,106 $49,156 $350,262
Richard Bottner VP Clinical Excellence 20.0
Key Emp
$219,020 $43,430 $262,450
Thomas Rennell SVP Financial Policy 30.0
Key Emp
$337,882 $52,933 $390,815
Cara Welch Sr Director Communications 40.0
Highest
$140,352 $36,780 $177,132
Essey Yirdaw Sr Director Data Analytics 30.0
Highest
$145,853 $34,369 $180,222
Megan Axelrod Sr Director Regulatory Policy & Federal Affairs 40.0
Highest
$141,343 $19,558 $160,901
Quentin Zerangue Director Accounting 40.0
Highest
$122,044 $32,521 $154,565
Ryan Westrom Sr Director Financial Policy 40.0
Highest
$158,923 $36,463 $195,386
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 $8,386,013 $7,422,413 $10,834,817 $963,600
2023 $9,386,977 $9,368,667 $10,179,223 $18,310
2022 $8,907,982 $8,542,415 $11,553,042 $365,567
2021 $7,968,558 $8,078,421 $13,190,689 $-109,863
2020 $10,650,957 $10,039,876 $12,008,586 $611,081
2019 $9,083,709 $8,923,651 $10,712,589 $160,058
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