COLORADO HEALTH CARE ASSOCIATION (EIN 900763990) - 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

1955

Legal Domicile

Principal Officer

DOUG FARMER

Phone

3038618228

Tax Period

2023-01-01 to 2023-12-31

COLORADO HEALTH CARE ASSOCIATION, founded in 1955, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 4% surplus.

Mission

THE COLORADO HEALTH CARE ASSOCIATION AND CENTER FOR ASSISTED LIVING REPRESENTS THE LONG-TERM CARE COMMUNITY AND ITS STAKEHOLDERS TO PROMOTE AN ENVIRONMENT WHERE ITS MEMBERS AND THE PEOPLE THEY SERVE CAN THRIVE.

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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 $1,695,532

Program Service Revenue $463,976

Investment Income $10,458

Other Revenue $8,940

TOTAL REVENUE $2,178,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $941,127

Fundraising Expenses $0

Program Expenses $1,093,272

Other Expenses $1,150,962

TOTAL EXPENSES $2,092,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,178,906	$2,030,436	+0.1%
Expenses	$2,092,089	$2,004,456	+0.0%
Net Income	$86,817	$25,980	+2.3%

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

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

$563,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG FARMER	PRESIDENT & CEO	60.00	Officer	$310,346	$11,305	$321,651
JENNY ALBERTSON	DIR OF QUALITY & REGULATORY AFFAIRS	40.00		$148,535	$5,754	$154,289
BONITA JONES	VP OPERATIONS	60.00	Officer	$127,784	$4,950	$132,734
JOSHUA FANT	DIR OF FINANCE	40.00	Officer	$108,615	$0	$108,615
JAYNE KELLER	Secretary	1.00	Officer Director	$0	$0	$0
MARK BEDINGER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
PAUL LANDRY	GOVT POLICY CO	1.00	Director	$0	$0	$0
JERUSHA SIEGEL	1st VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN BRAMMEIER	Treasurer	1.00	Officer Director	$0	$0	$0
ANGELINA VALDEZ	DIST 5 CHAIR	1.00	Director	$0	$0	$0
MATT GORDON	DIST 2 CHAIR	1.00	Director	$0	$0	$0
COURTNEY PETEK	COUNCIL ASSOC	1.00	Director	$0	$0	$0
AMY GOEGLEIN	DIST 1 CHAIR	1.00	Director	$0	$0	$0
DONNA HAUSER	DIST 6 CHAIR	1.00	Director	$0	$0	$0
CHRISSY SWANSON	VICE CHAIR CCAL	1.00	Director	$0	$0	$0
MELISSA LATHAM	DIST 4 CHAIR	1.00	Director	$0	$0	$0
KENDA SPAULDING	VC NON-PRFT FAC	1.00	Director	$0	$0	$0
NICOLE SCHUH	QILC CHAIR	1.00	Director	$0	$0	$0
BETH WILLIAMS	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALINA SOLARZANO	DIST 3 CHAIR	1.00	Director	$0	$0	$0
JAY MOSKOWITZ	Chairman	1.00	Officer Director	$0	$0	$0
David Dunyon	3rd Vice Chair	1.00	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
2024	No data	No data	No data	No data
2023	$2,178,906	$2,092,089	$953,077	$86,817
2022	$2,030,436	$2,004,456	$927,980	$25,980
2021	$1,920,532	$1,919,500	$788,905	$1,032
2020	$1,822,861	$1,918,057	$900,324	$-95,196
2019	$2,233,970	$2,198,307	$786,180	$35,663
2018	$2,219,616	$2,126,627	$808,031	$92,989

COLORADO HEALTH CARE ASSOCIATION