Colorado HMO Association Inc

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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

2001

Legal Domicile

Principal Officer

Kevin McFatridge

Phone

5175990357

Tax Period

2024-01-01 to 2024-12-31

Colorado HMO Association Inc, founded in 2001, is a small nonprofit that reported $362K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $426K exceeded revenue, resulting in a 18% operating deficit.

Mission

To be an indispensable partner in our community and an effective advocate for our consumers, working towards public/private partnerships that will provide a sustainable healthcare system, with coverage for all, that meets the needs of consumers, employers and public purchasers.

Program Service Accomplishments

Program 1

Educating legislators and health care stakeholders regarding Colorado health care systems.

Program 2

Providing timely information to our members and the citizens of Colorado about significant legislation effecting health care in Colorado.

Program 3

Promoting the development of health care clinical guidelines and standards in the state of Colorado.

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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 $348,000

Program Service Revenue $0

Investment Income $7,906

Other Revenue $6,000

TOTAL REVENUE $361,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,330

Fundraising Expenses $0

Other Expenses $209,714

TOTAL EXPENSES $426,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$361,906	$401,471	-0.1%
Expenses	$426,044	$434,634	0.0%
Net Income	$-64,138	$-33,163	+0.9%

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

Volunteers

N/A

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

Total Directors

Key Employees

$184,356

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amanda Massey	President	10.00	Officer Director	$0	$0	$0
Stephanie Glover	Vice President	10.00	Officer Director	$0	$0	$0
Gregory McCarthy	Immediate Past President	10.00	Officer Director	$0	$0	$0
Rebecca Weiss	Director	5.00	Director	$0	$0	$0
Jacob Wager	Director	5.00	Director	$0	$0	$0
Gretchen McGinnis	Director	5.00	Director	$0	$0	$0
Saskia Young	Executive Director	40.00	Key Emp Highest	$76,349	$0	$76,349
Kevin McFatridge	Executive Director	40.00	Key Emp	$50,208	$0	$50,208
Brandon Arnold	Associate Director	40.00	Key Emp	$57,799	$0	$57,799

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	$361,906	$426,044	$684,051	$-64,138
2023	$401,471	$434,634	$762,930	$-33,163
2022	$413,950	$418,829	$825,370	$-4,879
2021	$493,207	$500,257	$858,163	$-7,050
2020	$437,145	$479,692	$939,345	$-42,547