Denver Health Medical Plan, Inc.
Legal name: Denver Health Medical Plan Inc
Nonprofit profile at a glance
- EIN
- 841354846
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Denver, Colorado, USA
- Phone
- 303-602-4935
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $536,017,809
- Expenses
- $591,954,933
- Assets
- $89,049,995
- Liabilities
- $98,604,755
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- Gregory McCarthy (CEO)
Highest reported compensation
- Donna Lynne (BOARD MEMBER): $1,312,586 total reported compensation
- Enid A Wade (SECRETARY): $530,690 total reported compensation
- Gregory McCarthy (CEO): $473,701 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Denver Health Medical Plan (DHMP) is a local, nonprofit company that directs its funds toward the well-being of its members and making quality care accessible to all.
What it reported doing in 2024
The denver health medical plan, inc. Is organized as an hmo under the laws of the state of Colorado to provide managed care services that deliver quality, accessible, and affordable health care services.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Member-benefit provider. The nonprofit used 76% of its reported program spending for member benefits.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 64
- Accountability: 65
- Sustainability: 16
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.6%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 63.6%; rating input score 64; 18th 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: -10.4%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.15; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 1.11; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0.1%; rating input score 92; 92nd percentile among comparable filings
Growth
- Program expense growth: 16.6% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 15% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 66th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site
- Where the money goes: 100% of revenue deployed · 95.6% of spending went to programs
- Governance: 7 of 11 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $565.9M in reported program spending
- Leadership: top reported pay $1.3M · 22 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $257.6M reported
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 4 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 8/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.