NORTHWEST COLORADO VISITING NURSE … - 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

1964

Legal Domicile

Phone

9708791632

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST COLORADO VISITING NURSE ASSOCIATION, founded in 1964, is a mid-sized nonprofit in the Health Care sector that reported $15.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

OUR MISSION, VISION, AND VALUES ARE THE FOUNDATION FOR ALL OF OUR SERVICES. MISSION: IMPROVE QUALITY OF LIFE FOR ALL NORTHWEST COLORADO RESIDENTS BY PROVIDING COMPREHENSIVE HEALTH RESOURCES AND CREATING AN ENVIRONMENT THAT SUPPORTS COMMUNITY WELLNESS. VISION: AS A RESULT OF OUR WORK, RESIDENTS OF NORTHWEST COLORADO WILL BE ABLE TO ACHIEVE THEIR FULLEST POTENTIAL AND CONDUCT THEIR LIVES WITH MAXIMUM DIGNITY. VALUES: EXCELLENCE, COMPASSION, COMMUNITY AND INTEGRITY, DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $7,643,961 Revenue: $4,954,928

COMMUNITY HEALTH CENTERS (CHCS): OUR COMMUNITY HEALTH CENTERS IN MOFFAT AND ROUTT COUNTIES PROVIDE A FULL RANGE OF HIGH-QUALITY, AFFORDABLE PHYSICAL, BEHAVIORAL, AND ORAL HEALTH SERVICES TO PEOPLE...

COMMUNITY HEALTH CENTERS (CHCS): OUR COMMUNITY HEALTH CENTERS IN MOFFAT AND ROUTT COUNTIES PROVIDE A FULL RANGE OF HIGH-QUALITY, AFFORDABLE PHYSICAL, BEHAVIORAL, AND ORAL HEALTH SERVICES TO PEOPLE WHO ARE FINANCIALLY STRUGGLING TO GET BY. WE RECENTLY ADDED BOTH BEHAVIORAL HEALTH AND ORAL HEALTH CARE TO OUR CHCS. IN 2023, THE CHC PROGRAM SERVED 6,069 CLIENTS, WITH MORE THAN 21,000 MEDICAL, BEHAVIORAL HEALTH AND DENTAL ENCOUNTERS.

Program 2

Expenses: $2,078,212 Revenue: $1,305,150

HOME SERVICES: NORTHWEST COLORADO HEALTH'S HOME SERVICES DEPARTMENT PROVIDES HOME HEALTH AND HOSPICE SERVICES ACROSS MOFFAT AND ROUTT COUNTIES. THESE SERVICES PROVIDE SKILLED, COMPASSIONATE AND...

HOME SERVICES: NORTHWEST COLORADO HEALTH'S HOME SERVICES DEPARTMENT PROVIDES HOME HEALTH AND HOSPICE SERVICES ACROSS MOFFAT AND ROUTT COUNTIES. THESE SERVICES PROVIDE SKILLED, COMPASSIONATE AND PERSONALIZED CARE IN THE COMFORT AND SECURITY OF FAMILIAR SURROUNDINGS ON A SLIDING FEE SCALE. EVERY YEAR, THE AGENCY PROVIDES THOUSANDS OF DOLLARS OF CHARITY CARE TO UNINSURED PATIENT WHO CANNOT AFFORD TO PAY AND IS OFTEN UNABLE TO COLLECT PAYMENTS FOR SERVICES PROVIDED TO INSURED INDIVIDUALS (OFTEN TIMES UNDER-INSURED). THE RURAL NATURE OF OUR COMMUNITY CONTINUES TO DRIVE THE NEED FOR CARE IN THE HOME. IN 2023, NORTHWEST COLORADO HEALTH'S HOME HEALTH STAFF PROVIDED CARE FOR 368 HOME-BOUND CLIENT THROUGHOUT NORTHWEST COLORADO. HOSPICE AND PALLIATIVE CARE PROVIDE COMPASSIONATE, QUALITY CARE AND ENABLES TERMINALLY-ILL PATIENTS TO APPROACH THE END OF LIFE WITH DIGNITY AND COMFORT. IN 2023, NORTHWEST COLORADO HEALTH HOSPICE STAFF PROVIDED 3,493 HOSPICE DAYS ACROSS NORTHWEST COLORADO AND TRAVELED OVER 250,000 MILES ACROSS THE REGION TO PROVIDE THESE SERVICES.

Program 3

Expenses: $1,417,976 Revenue: $869,154

PREVENTION SERVICES: NORTHWEST COLORADO HEALTH'S WIDE RANGE OF PREVENTION PROGRAMS REACH COMMUNITY MEMBERS OF ALL AGES AND INCOME LEVELS AND INCLUDE WIC, YOUTH RESILIENCY, HEALTH SCREENINGS, HEALTH EDUCATION AND MANY MORE. IN 2023, WE PROVIDED 348 CARDIOVASCULAR SCREENINGS, CONDUCTED 1,171 FOLLOW UP SESSIONS WITH CARDIOVASCULAR PROGRAM PARTICIPANTS, HOSTED 193 SENIORS IN AGING WELL CLASSES AND SENIOR WELLNESS CLINICS, AND REACHED AN AVERAGE OF 480 FAMILIES PER MONTH THROUGH THE WIC PROGRAM.

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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 $7,856,335

Program Service Revenue $7,733,342

Investment Income $29,472

Other Revenue $154,594

TOTAL REVENUE $15,773,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,527,460

Fundraising Expenses $27,121

Program Expenses $12,208,969

Other Expenses $5,263,158

TOTAL EXPENSES $15,790,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,773,743	$13,651,871	+0.2%
Expenses	$15,790,618	$14,785,967	+0.1%
Net Income	$-16,875	$-1,134,096	-1.0%

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

207

Volunteers

125

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

$534,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	PRESIDENT	1.0	Officer Director	$0	$0	$0
N/A	VICE-PRESIDENT	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	CHIEF OPERATING OFFICER (END 12/23)	40.0	Officer	$117,923	$3,887	$121,810
N/A	CFO	40.0	Officer	$115,255	$14,901	$130,156
N/A	CHIEF OPERATING OFFICER (END 5/23)	40.0	Officer	$65,889	$2,155	$68,044
N/A	CEO	40.0	Officer	$193,844	$20,439	$214,283
N/A	ASSISTANT MEDICAL DIRECTOR	32.0	Highest	$141,931	$18,886	$160,817
N/A	PHYSICIAN	32.0	Highest	$137,858	$46,758	$184,616
N/A	MEDICAL DIRECTOR	32.0	Highest	$171,396	$26,795	$198,191
N/A	DENTAL DIRECTOR	40.0	Highest	$180,659	$19,389	$200,048
N/A	NURSE PRACTITIONER	40.0	Highest	$140,111	$16,913	$157,024

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	$15,773,743	$15,790,618	$16,042,669	$-16,875
2022	$13,651,871	$14,785,967	$13,411,332	$-1,134,096
2021	$15,168,766	$12,676,536	$13,619,558	$2,492,230
2020	$14,805,500	$13,033,845	$11,116,869	$1,771,655
2019	$12,696,312	$12,825,764	$9,284,205	$-129,452
2018	$13,338,386	$13,430,015	$9,452,274	$-91,629

NORTHWEST COLORADO VISITING NURSE ASSOCIATION