Colorado Health Care Association
Nonprofit profile at a glance
- EIN
- 900763990
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Glendale, CO, USA
- Phone
- 3038618228
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,302,121
- Expenses
- $2,301,148
- Assets
- $1,427,726
- Liabilities
- $717,696
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- DOUG FARMER (PRESIDENT & CEO)
Highest reported compensation
- DOUG FARMER (PRESIDENT & CEO): $352,661 total reported compensation
- JENNY ALBERTSON (DIR OF QUALITY & REGULATORY AFFAIRS): $160,077 total reported compensation
- BONITA JONES (VP OPERATIONS): $137,714 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 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.
What it reported doing in 2024
Legislative program services- acts as a liason between regulatory agencies and the legislature and the members of the association to benefit those members.
Operating model
- Revenue model
- Membership-supported. 77% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 79
- Accountability: 77
- Sustainability: 25
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.9%; rating input score 46
- Program expense ratio: 45.4%; rating input score 45
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 33.2%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: -3.8% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: -3% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 45.9% of revenue deployed · 45.4% of spending went to programs
- Governance: 18 of 18 board members independent · 4 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $353K · 22 people listed · 2 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.