HopeWest

EIN: 841207388 501(c)(3) Public Safety

Grand Junction, CO

Total Revenue
$59,103,062
Total Expenses
$55,554,239
Total Assets
$44,781,187
Net Assets
$26,861,506
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
CO
Principal Officer
Cassandra Mitchell
Phone
9702412212
Tax Period
2023-01-01 to 2023-12-31

HopeWest, founded in 1993, is a mid-sized nonprofit in the Public Safety sector that reported $59.1M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $55.6M left a modest 6% surplus.

Mission

Created through a community-wide vision, HopeWest is dedicated to profoundly changing the experiences of aging, illness, and grief one family at a time through through creativity, volunteerism, and philanthropy.

Program Service Accomplishments

Program 1
Expenses: $28,356,242 Revenue: $36,564,824

HopeWest Hospice offers compassionate support and high quality comprehensive care to individuals and families across 10,000 miles of western Colorado serving five counties. Our largest program and...

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HopeWest Hospice offers compassionate support and high quality comprehensive care to individuals and families across 10,000 miles of western Colorado serving five counties. Our largest program and expenditure is hospice care. We serve more than 450 patients and families every day. Patients are cared for by an expert interdisciplinary team including hospice/palliative certified physicians and advance practice nurses. Hospice served more than 1950 patients. More than 590 received individualized short-term care at Ferris Care Center. Care is designed to meet the needs of patients and families during times when a more intensive level of care is needed. Community support through philanthropy and volunteerism ensures HopeWest is able to be there for our community.

Program 2
Expenses: $15,135,997 Revenue: $15,138,474

HopeWest PACE provided high quality care to more than 170 participants in 2023. With PACE, a team of health care professionals works with each individual to make sure needed services are coordinated...

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HopeWest PACE provided high quality care to more than 170 participants in 2023. With PACE, a team of health care professionals works with each individual to make sure needed services are coordinated. PACE programs get to know their participants and design services to meet each person's unique needs. The Center for Living Your Best houses a clinic, adult day center with activities and meals, as well as physical and occupation therapy opportunities that enhance the continued health and well-being of our participants. Our dedicated staff ensure each participant is provided with the medical and support services so they can be safe living at home for as long as possible.

Program 3
Expenses: $2,385,005 Revenue: $573,501

Community programs is our third largest program expenditure. Services are offered to grieving adults through support groups and one-on-one counseling. HopeWest Kids provides grief services to...

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Community programs is our third largest program expenditure. Services are offered to grieving adults through support groups and one-on-one counseling. HopeWest Kids provides grief services to children ages 3-19 through school groups, equine therapy, grief camps and art therapy. More than 1,080 children and adults were served last year. We also offer two different Palliative Care Programs. Palliative Care is for people with serious health conditions not yet eligible for hospice or are still receiving curative treatment. More than 230 patients were served last year. These programs offer a variety of specialized care to meet our patient's needs to gain back quality of life for them and their loved ones.

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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 $3,626,383
Program Service Revenue $52,276,799
Investment Income $127,268
Other Revenue $3,072,612
TOTAL REVENUE $59,103,062

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,838,965
Fundraising Expenses $712,844
Program Expenses $49,187,425
Other Expenses $22,715,274
TOTAL EXPENSES $55,554,239

Year-over-Year Comparison

2023 2022 Change
Revenue $59,103,062 $47,679,385 +0.2%
Expenses $55,554,239 $48,986,551 +0.1%
Net Income $3,548,823 $-1,307,166 -3.7%
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
16
Independent Members
15
Employees
564
Volunteers
1077

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
3
$654,337
Total Directors
16
$405,692
Key Employees
2
$450,255
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
S TODD YOUNG BOARD MEMBER 2.00
Director
$0 $0 $0
MONIQUE SERRA SECRETARY / BOARD MEMBER 6.00
Director
$0 $0 $0
MONIKA TUELL BOARD MEMBER 2.00
Director
$0 $0 $0
MICHELLE SHIAO BOARD MEMBER 2.00
Director
$0 $0 $0
MARC LASSAUX BOARD MEMBER 2.00
Director
$0 $0 $0
MARK FRANCIS VICE-CHAIR/BOARD MEMBER 6.00
Director
$0 $0 $0
JIM PEDERSEN BOARD MEMBER 2.00
Director
$0 $0 $0
DR DONALD NICOLAY CHAIR/BOARD MEMBER 6.00
Director
$0 $0 $0
DEE BURKE BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS THOMAS BOARD MEMBER 2.00
Director
$0 $0 $0
CASSANDRA MITCHELL PRESIDENT/CEO 60.00
Officer Director
$371,540 $34,152 $405,692
CARTER BAIR BOARD MEMBER 2.00
Director
$0 $0 $0
CAROLYN PAYNE BOARD MEMBER 2.00
Director
$0 $0 $0
BARBARA BUTLER BOARD MEMBER 2.00
Director
$0 $0 $0
ASHLEY THUROW BOARD MEMBER 2.00
Director
$0 $0 $0
ALLISON NADEL BOARD MEMBER 2.00
Director
$0 $0 $0
SARAH WALSH CFO/SENIOR VP 65.00
Officer
$205,694 $2,176 $207,870
PETER SCHOOMAKER Chief Financial Officer 50.00
Officer
$36,178 $4,597 $40,775
TERRI WALTER CHIEF ADMIN OFFICER/SENIOR 55.00
Key Emp
$195,160 $12,483 $207,643
GEORGIA ROCK EXECUTIVE VP OF CLINICAL S 70.00
Key Emp
$217,913 $24,699 $242,612
MARY WIGINGTON Vice President of Human Resources 55.00
Highest
$140,731 $14,362 $155,093
JILL ORROCK Pace Executive Director 45.00
Highest
$138,603 $12,812 $151,415
DEBRA HORWITZ SENIOR VP, CHIEF DEVELOPME 50.00
Highest
$175,402 $29,107 $204,509
DARRIN GREEN Hospice Physician 45.00
Highest
$209,679 $27,904 $237,583
CRYSTAL OWENS Chief Medical Director 55.00
Highest
$279,870 $1,000 $280,870
CASEY PEIFFER Nurse Practioner 45.00
Highest
$140,599 $4,168 $144,767
CHRISTY WHITNEY BORCHARD FORMER PRESIDENT/CEO 0.00
$139,071 $0 $139,071
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 $59,103,062 $55,554,239 $44,781,187 $3,548,823
2022 $47,679,385 $48,986,551 $40,314,552 $-1,307,166
2021 $50,070,621 $48,378,001 $42,051,481 $1,692,620
2020 $45,285,094 $45,152,117 $45,193,189 $132,977
2019 $42,627,895 $41,099,640 $36,895,556 $1,528,255
2018 $36,978,341 $37,171,577 $30,997,654 $-193,236
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