Catholic Health Initiatives Colorado Foundation
Nonprofit profile at a glance
- EIN
- 840902211
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2020
- Location
- Phoenix, AZ, USA
- Phone
- 3036737482
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
- Affiliation
- Christianity
Reported finances
- Revenue
- $17,174,083
- Expenses
- $9,021,386
- Assets
- $112,274,949
- Liabilities
- $14,402,716
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ANDREW GAASCH (BOARD MEMBER/PRESIDENT MTN. REGION)
- RYAN TOBIN (BOARD MEMBER (THRU 1/24/25)/MARKET PRESIDENT GREAT)
Highest reported compensation
- ANDREW GAASCH (BOARD MEMBER/PRESIDENT MTN. REGION): $2,430,605 total reported compensation
- PAUL RICHARDSON (BOARD MEMBER (THRU 1/24/25)/SYS SVP PHILANTHROPY): $1,045,540 total reported compensation
- OSWALDO GRENDARDO (BOARD MEMBER (THRU 1/24/25)): $898,148 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the corporation is to nurture the healing ministry of the church, supported by education and research. Fidelity to the gospel urges the corporation to emphasize human dignity and social justice as it creates healthier communities.
What it reported doing in 2024
See schedule o
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
MIXED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 64
- Accountability: 28
- Sustainability: 80
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.6%; rating input score 56
- Program expense ratio: 73.9%; rating input score 74
- Fundraising efficiency: $9.72 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 47.5%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 12.45; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 14.9%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: -3% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: 0.1% per year; rating input score 100; 9th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 55.6% of revenue deployed · 73.9% of spending went to programs
- Governance: 0 of 4 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.7M in reported program spending
- Leadership: top reported pay $2.4M · 11 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $197K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 329 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 8/100.