PIKES PEAK REGIONAL MEDICAL CENTER… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

CURT GRINA

Phone

7196871040

Tax Period

2022-01-01 to 2022-12-31

PIKES PEAK REGIONAL MEDICAL CENTER ASSOCIATION, founded in 2002, is a micro nonprofit in the Health Care sector that reported $922K in total revenue in fiscal year 2022.

Mission

THE ORGANIZATION'S MISSION IS TO EXPAND MEDICAL SERVICES IN TELLER COUNTY THAT ARE AVAILABLE TO THE COMMUNITY AND ALSO TO ACT AS LANDLORD FOR THE HOSPITAL AND PROFESSIONAL OFFICE BUILDING.

Program Service Accomplishments

Program 1

Expenses: $829,201

THE ASSOCIATION SOLD THE 20 ACRE MEDICAL CAMPUS AND CONTINUES ITS MISSION TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY BY PROMOTING DEVELOPMENT OF HIGH QUALITY EDUCATION, HEALTH CARE FACILITIES...

THE ASSOCIATION SOLD THE 20 ACRE MEDICAL CAMPUS AND CONTINUES ITS MISSION TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY BY PROMOTING DEVELOPMENT OF HIGH QUALITY EDUCATION, HEALTH CARE FACILITIES, SERVICES, AND PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-893,133

Other Revenue $-28,590

TOTAL REVENUE $-921,723

Expense Breakdown

Grants Paid $568,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $829,201

Other Expenses $261,201

TOTAL EXPENSES $829,201

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-921,723	$-42,301	+20.8%
Expenses	$829,201	N/A	N/A
Net Income	$-1,750,924	$-42,301	+40.4%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANNER COY	SECRETARY/TR	3.00	Officer Director	$0	$0	$0
CURT GRINA	PRESIDENT	3.00	Officer Director	$0	$0	$0

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
2022	$-921,723	$829,201	$630,299	$-1,750,924
2021	$-42,301	No data	$2,624,248	No data
2020	$-41,539	No data	$2,526,066	No data
2019	$-36,589	No data	$2,539,115	No data
2018	$-31,100	No data	$2,449,857	No data

PIKES PEAK REGIONAL MEDICAL CENTER ASSOCIATION