Colorado West Healthcare System (EIN 840469270) - 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

1956

Legal Domicile

Principal Officer

CHRISTIAN THOMAS

Phone

9702566321

Tax Period

2023-01-01 to 2023-12-31

Colorado West Healthcare System, founded in 1956, is a major nonprofit in the Health Care sector that reported $268.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Improve the health and quality of life of the individuals and communities we serve.

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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 $3,037,837

Program Service Revenue $264,905,216

Investment Income $586,589

Other Revenue $279,539

TOTAL REVENUE $268,809,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,764,767

Fundraising Expenses $0

Program Expenses $207,629,491

Other Expenses $139,812,162

TOTAL EXPENSES $262,576,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$268,809,181	$240,542,917	+0.1%
Expenses	$262,576,929	$240,015,615	+0.1%
Net Income	$6,232,252	$527,302	+10.8%

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

1621

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

$1,593,529

Total Directors

$252,169

Key Employees

$1,529,027

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Shorten	Physician	40.0	Highest	$850,007	$29,655	$879,662
James Rose	Physician	40.0	Highest	$823,856	$32,057	$855,913
Kirk Clifford	Physician	40.0	Highest	$770,958	$39,950	$810,908
Enrique Orellana Jr	Physician	40.0	Highest	$687,366	$30,682	$718,048
Christian Thomas	President & CEO	40.0	Officer	$700,904	$16,125	$717,029
Rainer III William	Physician	40.0	Highest	$662,724	$42,205	$704,929
Thomas Tobin	CMO	40.0	Key Emp	$577,793	$37,980	$615,773
Joseph Gerardi	COO/CNO	40.0	Key Emp	$381,121	$28,571	$409,692
John Skillicorn	Chief of Physician Practices	40.0	Key Emp	$281,787	$32,760	$314,547
Florian Seeberger	Board Member	1.5	Director	$224,329	$27,840	$252,169
Pete Young CCOto 52023	CFO (from 5/2023)	40.0	Officer	$235,003	$11,051	$246,054
Amy Jordan	Chief Human Resources Officer	40.0	Officer	$181,337	$29,437	$210,774
Karen Martsolf	Chief Marketing Officer	40.0	Officer	$181,647	$11,123	$192,770
Tawny Espinoza	Chief Development Officer	40.0	Key Emp	$163,359	$25,656	$189,015
Ed Johlman	CFO (01/01/2023-03/31/2023)	40.0	Officer	$141,973	$13,168	$155,141
Michael Rogers	CFO (04/01/2023-05/31/2023)	40.0	Officer	$71,268	$493	$71,761
Janet Brink	Chair & Foundation Liaison	1.5	Officer Director	$0	$0	$0
Deedra Shear	Vice Chair(THROUGH 01/31/2023)	1.5	Officer Director	$0	$0	$0
Mark Harrington	Secretary	1.5	Officer Director	$0	$0	$0
Todd Young	Treasurer	1.5	Officer Director	$0	$0	$0
JJ Stroh	Board Member	1.5	Director	$0	$0	$0
Dean Havlik	Board Member	1.5	Director	$0	$0	$0
Jenna Noem	Vice Chair (From 02/01/2023)	1.5	Director	$0	$0	$0
Dale Rooks	Board Member	1.5	Director	$0	$0	$0
Todd Hegstrom	Board Member	1.5	Director	$0	$0	$0
Dan Rubinstein	Board Member	1.5	Director	$0	$0	$0
Justin Kaptuch	Chief of Staff	1.5	Officer Director	$0	$0	$0
Nina Anderson	Board Member (From 02/2023)	1.5	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	No data	No data	No data	No data
2023	$268,809,181	$262,576,929	$252,521,143	$6,232,252
2022	$240,542,917	$240,015,615	$210,138,027	$527,302
2020	$198,148,366	$186,817,679	$179,455,325	$11,330,687
2019	$180,492,504	$167,946,754	$125,735,865	$12,545,750
2018	$150,784,871	$150,439,818	$113,098,279	$345,053

Colorado West Healthcare System