MENTAL HEALTH CENTER OF BOULDER COUNTY INC (EIN 840520493) - 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

1962

Legal Domicile

Principal Officer

JENNIFER LEOSZ MARRIOTT

Phone

3032478702

Tax Period

2024-07-01 to 2024-10-11

MENTAL HEALTH CENTER OF BOULDER COUNTY INC, founded in 1962, is a mid-sized nonprofit that reported $28.5M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $69.2M exceeded revenue, resulting in a 143% operating deficit.

Mission

PARTNERING TO IMPROVE QUALITY OF LIFE AS AN ORGANIZATION DEDICATED TO MENTAL HEALTH AND WELLNESS.

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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 $21,256,332

Program Service Revenue $7,718,956

Investment Income $-526,864

Other Revenue $20,176

TOTAL REVENUE $28,468,600

Expense Breakdown

Grants Paid $56,375,787

Salaries & Benefits $10,306,340

Fundraising Expenses $132,286

Program Expenses $65,166,369

Other Expenses $2,512,219

TOTAL EXPENSES $69,194,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,468,600	$52,365,720	-0.5%
Expenses	$69,194,346	$50,029,334	+0.4%
Net Income	$-40,725,746	$2,336,386	-18.4%

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

490

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

$634,242

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN BURNES	CHAIR	1.00	Officer Director	$0	$0	$0
DALE VARNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL CALCOTE	TREASURER	1.00	Officer Director	$0	$0	$0
POLLY SWARTZFAGER	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM ENWALL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY MOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN TERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER LEOSZ MARRIOTT	CO-CEO	40.00	Officer	$223,194	$17,002	$240,196
DIXIE CASFORD	CO-CEO	40.00	Officer	$217,309	$19,119	$236,428
BRENT AMFAHR	CFO	40.00	Officer	$150,112	$7,506	$157,618
KAREN RICE	PSYCHIATRIST	40.00	Highest	$266,366	$17,007	$283,373
NADIA HADDAD	PSYCHIATRIST	40.00	Highest	$236,888	$23,499	$260,387
ERIC HAALAND	PSYCHIATRIST	40.00	Highest	$220,651	$15,321	$235,972
JOHN WILLIAMS	PSYCHIATRIST	40.00	Highest	$218,471	$16,491	$234,962
DEBRA EDELSON	PSYCHIATRIST	40.00	Highest	$216,072	$8,951	$225,023

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	$28,468,600	$69,194,346	No data	$-40,725,746
2024	$52,365,720	$50,029,334	$53,247,245	$2,336,386
2023	$50,907,427	$48,510,903	$49,053,369	$2,396,524
2022	$49,555,010	$42,098,470	$50,971,963	$7,456,540
2021	$42,259,762	$41,486,645	$46,481,544	$773,117
2020	$41,280,364	$40,146,221	$42,754,793	$1,134,143
2019	$42,567,927	$38,958,985	$39,532,050	$3,608,942
2018	$38,679,293	$43,018,692	$38,579,914	$-4,339,399

MENTAL HEALTH CENTER OF BOULDER COUNTY INC