DENVER HEALTH MEDICAL PLAN INC (EIN 841354846) - 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

1997

Legal Domicile

Phone

3036022100

Tax Period

2023-01-01 to 2023-12-31

DENVER HEALTH MEDICAL PLAN INC, founded in 1997, is a major nonprofit that reported $539.3M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE, HIGH QUALITY HEALTHCARE COVERAGE FOR ALL, IN PARTNERSHIP WITH DENVER HEALTH. IN PARTNERSHIP WITH OUR PROVIDERS, WE CONTINUALLY SEEK TO IMPROVE THE HEALTH AND WELLBEING OF OUR MEMBERS BY: PROMOTING WELLNESS AND DISEASE PREVENTION, PROVIDING ACCESS TO CULTURALLY DIVERSE COMPREHENSIVE HEALTH SERVICES, ENABLING MEMBERS TO PLAY AN ACTIVE ROLE IN THEIR HEALTH CARE, DELIVERING OUR SERVICES WITH RESPONSIBILITY AND RESPECT TO ALL.

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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 $0

Program Service Revenue $529,674,338

Investment Income $3,139,367

Other Revenue $6,518,712

TOTAL REVENUE $539,332,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,505,794

Fundraising Expenses $0

Program Expenses $502,373,092

Other Expenses $122,826,508

TOTAL EXPENSES $528,434,461

Year-over-Year Comparison

	2023	2022	Change
Revenue	$539,332,417	$547,037,392	0.0%
Expenses	$528,434,461	$547,995,656	0.0%
Net Income	$10,897,956	$-958,264	-12.4%

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

N/A

Volunteers

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

$1,363,428

Total Directors

$1,831,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIR	2.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR	2.0	Officer Director	$0	$0	$0
N/A	TREASURER	2.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$33,464	$1,174,482
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$53,961	$300,095
N/A	BOARD MEMBER	2.0	Director	$0	$71,511	$356,824
N/A	MEDICAL DIRECTOR	40.0	Officer	$0	$47,562	$354,425
N/A	CEO	40.0	Officer	$0	$43,053	$434,560
N/A	DHMP CFO	40.0	Officer	$0	$46,383	$322,716
N/A	CHIEF ADMINISTRATIVE OFFICER	40.0	Officer	$0	$32,801	$251,727
N/A	DIR, IT SYSTEMS	40.0	Highest	$0	$38,952	$219,695
N/A	SR DIR HEALTH PLAN UTILIZATION MGMT	40.0	Highest	$0	$17,653	$176,456
N/A	DIR, ACTUARIAL SERVICES	40.0	Highest	$0	$15,125	$162,950
N/A	MGR, IT SYSTEMS	40.0	Highest	$0	$35,362	$185,988
N/A	DIR HEALT OUTCOMES, PHARMACY, MANAGED CA	40.0	Highest	$0	$53,987	$238,911
N/A	FORMER MEDICAL DIRECTOR	0.0		$0	$49,988	$258,899

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	$539,332,417	$528,434,461	$132,596,699	$10,897,956
2022	$547,037,392	$547,995,656	$122,265,011	$-958,264
2021	$481,837,741	$488,072,452	$83,331,109	$-6,234,711
2020	$430,680,694	$419,218,410	$89,033,133	$11,462,284
2019	$391,412,406	$387,344,425	$80,694,513	$4,067,981
2018	$249,937,096	$250,198,841	$68,063,440	$-261,745

DENVER HEALTH MEDICAL PLAN INC