Colorado Medical Society
Nonprofit profile at a glance
- EIN
- 840174440
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Denver, CO, USA
- Phone
- 7208591001
- Rating
- 42
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,843,280
- Expenses
- $3,561,259
- Assets
- $4,755,543
- Liabilities
- $1,482,613
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- KIM WARNER MD (PRESIDENT)
- BRIGITTA J ROBINSON MD (PRESIDENT EL)
- DEAN R HOLZKAMP (CEO)
Highest reported compensation
- DEAN R HOLZKAMP (CEO): $316,760 total reported compensation
- CHET SEWARD (CHIEF STRATE): $259,636 total reported compensation
- OMAR MUBARAK MD (PAST PRESIDE): $54,000 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 purpose of the organization is to promote the science and art of medicine, the betterment of public health, the welfare of the medical profession and the patients it serves, and to promote the similar interests of its component county and district medical societies. The society's members are located in the state of Colorado and the majority of its revenues are derived from membership dues.
What it reported doing in 2024
Publications: communication among members, staff and the community through official house organs and ancillary materials. Meetings: activities related to conducting the policy and leadership functions of the society. Contributions to the Colorado medical society foundation to assist the foundation in better serving the medically underprivileged.
Operating model
- Revenue model
- Other-operating. 81% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: 0
- Transparency & Controls: 84
- Accountability: 70
- Sustainability: 46
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- 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: 88.2%; rating input score 88; 19th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.3%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 1.34; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 19.2%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.5% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 15 of 17 board members independent · 4 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $317K · 20 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $113K reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors 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: 2 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 57/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.