KAISER FOUNDATION HEALTH PLAN OF COLORADO

EIN: 840591617 501(c)(3) Health Care

OAKLAND, CA

Total Revenue
$4,289,448,634
Total Expenses
$4,164,632,920
Total Assets
$2,435,711,772
Net Assets
$1,460,895,441
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Organization Details

Formation Year
1969
Legal Domicile
CO
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.

Program Service Accomplishments

Program 1
Expenses: $3,714,225,498 Revenue: $4,126,193,252

KAISER FOUNDATION HEALTH PLAN OF COLORADO (KFHP-CO) PROVIDES MEDICAL AND SURGICAL CARE, INCLUDING URGENT CARE SERVICES, EXTENDED CARE AND HOME HEALTH CARE WITHOUT REGARDS TO AGE, SEX, RACE, RELIGION...

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KAISER FOUNDATION HEALTH PLAN OF COLORADO (KFHP-CO) PROVIDES MEDICAL AND SURGICAL CARE, INCLUDING URGENT CARE SERVICES, EXTENDED CARE AND HOME HEALTH CARE WITHOUT REGARDS TO AGE, SEX, RACE, RELIGION OR NATIONAL ORIGIN OR THE ABILITY TO PAY. KFHP-CO EDUCATES AND TRAINS MEDICAL STUDENTS AND OTHER HEALTH CARE PROFESSIONALS AND PROMOTES SCIENTIFIC AND NURSING EDUCATION IN ORDER TO IMPROVE CARE FOR OUR MEMBERS AND OUR COMMUNITY. KFHP-CO DIRECTLY INVESTS IN IMPROVEMENTS IN COMMUNITY HEALTH BY WORKING TO INCREASE ACCESS TO HEALTH CARE, IMPROVING THE CONDITIONS FOR HEALTH AND EQUITY AND PROVIDING HEALTH EDUCATION.

Program 2
Expenses: $140,109,564 Revenue: $81,112,214

KAISER FOUNDATION HEALTH PLAN OF COLORADO (KFHP-CO) IS COMMITTED TO IMPROVING MEDICAL CARE FOR BENEFICIARIES OF MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS, NOT ONLY FOR KFHP-CO MEMBERS, BUT...

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KAISER FOUNDATION HEALTH PLAN OF COLORADO (KFHP-CO) IS COMMITTED TO IMPROVING MEDICAL CARE FOR BENEFICIARIES OF MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS, NOT ONLY FOR KFHP-CO MEMBERS, BUT ALSO, WITHIN THE COMMUNITIES WE SERVE. AT THE END OF 2023, OVER 6,700 INDIVIDUALS RECEIVED THE BENEFITS OF FULL MEMBERSHIP THROUGH KFHP-CO'S CHILDREN HEALTH INSURANCE PROGRAM. IN ADDITION, KFHP-CO PROVIDED HEALTH CARE ON A FEE-FOR-SERVICE BASIS TO OVER 57,000 MEDICAID BENEFICIARIES.

Program 3
Expenses: $20,185,118 Revenue: $0

KAISER FOUNDATION HEALTH PLAN OF COLORADO (KFHP-CO) PROVIDES CHARITY CARE TO LOW-INCOME VULNERABLE PATIENTS THROUGH THE MEDICAL FINANCIAL ASSISTANCE (MFA) PROGRAM. KFHP-CO OFFERS FINANCIAL ASSISTANCE...

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KAISER FOUNDATION HEALTH PLAN OF COLORADO (KFHP-CO) PROVIDES CHARITY CARE TO LOW-INCOME VULNERABLE PATIENTS THROUGH THE MEDICAL FINANCIAL ASSISTANCE (MFA) PROGRAM. KFHP-CO OFFERS FINANCIAL ASSISTANCE THROUGH THE MFA PROGRAM TO HELP FAMILIES AND INDIVIDUALS WITH A DEMONSTRATED FINANCIAL NEED PAY FOR ALL OR PART OF THE COST OF EMERGENCY OR MEDICALLY NECESSARY CARE PROVIDED IN KAISER PERMANENTE FACILITIES AND/OR BY KAISER PERMANENTE PROVIDERS. IN 2023, THIS PROGRAM ASSISTED A TOTAL OF 31,000 PATIENTS THROUGH FINANCIAL ASSISTANCE.

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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 (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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Governance

Voting Members
14
Independent Members
13
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
16
$43,727,408
Total Directors
14
$16,293,817
Key Employees
4
$2,240,447
Highest Compensated
5
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
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