Colorado West Inc
- Assets
- $65.9m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 617
- Location
- Grand Junction, CO
- Founding
- 04/2010
- Data as of
- 06/2021
- EIN
- 26-4166271
Organization Overview
Colorado West Inc, operating under the name Mind Springs Inc, is located in Grand Junction, CO. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Mind Springs Inc employed 617 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Mind Springs Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Mind Springs Inc generated $15.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $13.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE REBUILD LIVES AND INSPIRE HOPE BY PROVIDING EXCEPTIONAL MENTAL HEALTH AND ADDICTION RECOVERY CARE STRENGTHENING THE HEALTH AND VITALITY OF OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIND SPRINGS, INC. (MS), FORMERLY COLORADO WEST, INC., PROVIDES MENTAL WELLNESS, BEHAVIORAL CHANGE AND SUBSTANCE ABUSE TREATMENT AND SERVICES ON COLORADO'S WESTERN SLOPE THROUGH A NETWORK OF 13 OUTPATIENT CLINICS AND HOSPITAL, MS'S WHOLLY OWNED SUBSIDIARIES, MIND SPRINGS HEALTH (MSH) FKA COLORADO WEST REGIONAL MENTAL HEALTH, INC., AND WEST SPRINGS HOSPITAL, INC. (WSH) FKA COLORADO WEST PSYCHIATRIC HOSPITAL, INC. MS PROVIDES ADMINISTRATIVE OVERSIGHT AND MANAGEMENT SERVICES TO SUBSIDIARY ORGANIZATIONS, MSH AND WSH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Elsass Chief Medical Officer | Officer | 40 | $299,677 |
Mark Ramsey Psychiatrist | Officer | 40 | $295,753 |
Francis Lotrich Hospital Medical Director | Officer | 40 | $287,501 |
Sharon Raggio President & CEO (resigned 2022) | OfficerTrustee | 40 | $280,523 |
Patricia Lapkin Psychiatrist | Officer | 40 | $267,159 |
Thomas Newton Psychiatrist | Officer | 40 | $252,644 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pnci Construction | 6/29/20 | $3,309,363 |
Sodexo Nutrition Services | 6/29/20 | $996,966 |
The Key People Janitorial | 6/29/20 | $435,814 |
Svetecz Frank Contract Md | 6/29/20 | $176,950 |
Genoa Healthcard Pharmacy | 6/29/20 | $1,006,387 |
Pnci Construction | 6/29/20 | $3,309,363 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59 |
| Total Program Service Revenue | $14,463,178 |
| Investment income | $421,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $529,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,414,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,476,139 |
| Compensation of current officers, directors, key employees. | $2,288,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,079,845 |
| Pension plan accruals and contributions | $103,984 |
| Other employee benefits | $519,175 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,820 |
| Fees for services: Accounting | $65,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,127 |
| Fees for services: Other | $312,747 |
| Advertising and promotion | $133,021 |
| Office expenses | $278,851 |
| Information technology | $381,663 |
| Royalties | $0 |
| Occupancy | $1,853,807 |
| Travel | $91,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,913 |
| Interest | $856,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,920,211 |
| Insurance | $19,002 |
| All other expenses | $59,940 |
| Total functional expenses | $13,055,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,590,488 |
| Savings and temporary cash investments | $2,303,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,431,493 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $609,714 |
| Net Land, buildings, and equipment | $49,009,882 |
| Investments—publicly traded securities | $6,013,032 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $950,894 |
| Total assets | $65,909,221 |
| Accounts payable and accrued expenses | $3,653,350 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $24,149,090 |
| Unsecured mortgages and notes payable | $2,697,615 |
| Other liabilities | $0 |
| Total liabilities | $30,500,055 |
| Net assets without donor restrictions | $35,409,166 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $65,909,221 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado West Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Vail Valley Cares Inc Edwards, CO PURPOSE: Uninsured Scholarship Program | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tmc Medical Network Tucson, AZ | $11,838,575 | $36,338,871 |
Parkview Health Systems Inc Pueblo, CO | $227,277 | $49,526,192 |
Memorial Community Hospital Corporation Blair, NE | $56,275,818 | $44,044,678 |
Hilltop Health Services Corporation Grand Junction, CO | $63,929,076 | $33,671,328 |
Central Oklahoma Family Medical Center Inc Konawa, OK | $13,609,649 | $34,028,771 |
Mccurtain Memorial Medical Management Inc Idabel, OK | $11,531,552 | $35,443,680 |
Indian Health Care Resource Center Tulsa, OK | $30,557,069 | $25,149,363 |
Great Plains Health Alliance Inc Wichita, KS | $6,373,791 | $17,269,956 |
Colorado West Inc Grand Junction, CO | $65,909,221 | $15,414,115 |
Syncronys Albuquerque, NM | $9,036,705 | $15,296,549 |
High Plains Community Health Center Incorporated Lamar, CO | $17,220,385 | $14,386,080 |
Immanuel Omaha, NE | $692,717,595 | $36,516,637 |