KAISER FOUNDATION HEALTH PLAN OF COLORADO (EIN 840591617) - 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

1969

Legal Domicile

Principal Officer

Mike Ramseier

Phone

5102716611

Tax Period

2023-01-01 to 2023-12-31

KAISER FOUNDATION HEALTH PLAN OF COLORADO, founded in 1969, is a large national nonprofit in the Health Care sector that reported $4.3B in total revenue in fiscal year 2023.

Mission

TO PROVIDE HIGH-QUALITY, AFFORDABLE HEALTH CARE SERVICES TO IMPROVE THE HEALTH OF OUR MEMBERS AND THE 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 $26,673,627

Program Service Revenue $4,221,896,034

Investment Income $39,807,001

Other Revenue $1,071,972

TOTAL REVENUE $4,289,448,634

Expense Breakdown

Grants Paid $9,868,621

Salaries & Benefits $697,664,732

Fundraising Expenses $0

Program Expenses $3,908,562,651

Other Expenses $3,457,099,567

TOTAL EXPENSES $4,164,632,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,289,448,634	$4,092,597,384	+0.0%
Expenses	$4,164,632,920	$4,119,772,577	+0.0%
Net Income	$124,815,714	$-27,175,193	-5.6%

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

Governance

Voting Members

Independent Members

Employees

6514

Volunteers

330

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

$43,727,408

Total Directors

$16,293,817

Key Employees

$2,240,447

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Adams	Chairman & CEO	4.0	Officer Director	$0	$154,060	$12,721,446
Kathryn Lancaster	EVP & Chief Financial Officer	3.5	Officer	$0	$137,899	$5,061,302
Kimberly Horn	EVP, Group President, MOC	3.5	Officer	$0	$134,195	$4,751,551
Janet Liang	EVP, Group President & COO	3.5	Officer	$0	$89,835	$4,507,213
Arthur Southam	EVP, Health Plan Ops & CGO	4.0	Officer	$0	$18,575	$3,794,812
Michael Ramseier	Regional President - CO	45.0	Officer	$0	$643,422	$2,505,775
Mark Zemelman	SVP, General Counsel & Secy	0.0		$0	$660,356	$2,494,194
Vanessa Benavides	SVP,Chief Legal Officer & Secy	1.5	Officer	$0	$308,115	$2,100,570
Thomas Meier	SVP, Corporate Treasurer	1.5	Officer	$0	$121,348	$1,842,456
Donald Orndoff	SVP, NFS	4.0	Officer	$0	$320,687	$1,621,847
Alfonse Upshaw	SVP,Corporate Controller & CAO	0.0		$0	$208,369	$1,480,424
Roland Lyon	Regional President - Colorado	0.0		$0	$134,644	$1,270,076
Kelli Kane	VP, COO	50.0		$0	$262,726	$1,155,297
David Thomason	SVP,Corporate Controller & CAO	2.2	Officer	$0	$52,883	$950,781
Ryan Jenson	Interim Corp Controller & CAO	3.5	Officer	$0	$129,756	$872,977
Brandon Cuevas	EVP, Health Plan	4.0	Officer	$0	$293,271	$804,923
Sarah Allen	VP, MSBD	50.0	Key Emp	$0	$147,950	$793,318
Jennifer Goldberg	Assistant Secretary	0.0		$0	$142,227	$775,925
Cortney Eisses	VP, Care and Utilization Mgmt	50.0	Highest	$0	$163,192	$767,205
Cory Foreman	VP, MSBD - CO	0.0		$0	$106,307	$731,128
Jessica Bidlingmaier	VP, Human Resources -CO Market	50.0	Highest	$0	$147,109	$698,171
Hong-Sze Yu	VP, Brd & Corp Gov & Asst Secy	3.5	Officer	$0	$167,556	$676,148
Kristin Bear	Assistant Secretary	4.0	Officer	$0	$170,789	$645,426
Marie Alanna McKiernan	Assistant Secretary	50.0	Officer	$0	$168,237	$618,238
Elizabeth Reimann	ED, Service Line Care Delivery	50.0	Highest	$39,732	$158,450	$567,365
Jason Asher	VP, CFO - CO	50.0	Key Emp	$0	$31,819	$541,507
John Heintz	VP, Market Devel, Strategy	50.0	Highest	$0	$79,493	$524,410
Benjamin Miller	VP, MSBD	50.0	Key Emp	$0	$25,422	$474,537
Michele Wolfe	Sales Representative IV	50.0	Highest	$396,575	$63,407	$459,982
Brooke Eckles	VP, Consumer Experience	50.0	Key Emp	$0	$105,124	$431,085
Ronald Vance	Interim Regional President	0.0		$0	$0	$360,025
Margaret E Porfido JD	Director	0.0	Director	$0	$16,717	$335,800
David F Hoffmeister	Director	0.3	Director	$0	$17,907	$298,858
Judith A Johansen JD	Director	0.5	Director	$0	$6,534	$297,334
Leslie S Heisz	Director	0.3	Director	$0	$24,274	$293,230
Ramon F Baez	Director	0.1	Director	$0	$21,121	$288,072
Jeffrey E Epstein	Director	0.5	Director	$0	$13,187	$279,102
Richard P Shannon MD	Director	0.5	Director	$0	$27,421	$263,921
Vivek Sharma	Director	0.1	Director	$0	$0	$261,456
Jenny J Ming	Director	0.3	Director	$0	$12,004	$260,776
Maryann Bodayle	Assistant Secretary	1.0	Officer	$0	$55,189	$251,943
Matthew T Ryan	Director	0.25	Director	$0	$0	$250,951
A Eugene Washington MD	Director	0.25	Director	$0	$4,278	$248,278
David J Barger	Director	0.5	Director	$0	$13,569	$247,569
Regina M Benjamin MD MBA	Director	0.5	Director	$0	$27,404	$247,024
Edward Y W Pei	Director	0.0		$0	$0	$53,623
Kim J Kaiser	Director	0.0		$0	$0	$39,004

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	$4,289,448,634	$4,164,632,920	$2,435,711,772	$124,815,714
2022	$4,092,597,384	$4,119,772,577	$2,358,557,422	$-27,175,193
2021	$4,177,461,640	$4,100,967,552	$2,048,314,564	$76,494,088
2020	$4,380,953,242	$3,975,259,313	$1,729,411,170	$405,693,929
2019	$4,344,633,011	$4,086,012,430	$1,663,651,072	$258,620,581
2018	$4,198,120,274	$4,388,431,460	$1,825,433,704	$-190,311,186
2016	$3,805,780,718	$3,782,056,678	$1,782,906,624	$23,724,040

KAISER FOUNDATION HEALTH PLAN OF COLORADO