Colorado West Inc
- Assets
- $14.1m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 04/2010
- Data as of
- 06/2021
- EIN
- 26-4166675
Organization Overview
Colorado West Inc, operating under the name West Springs Hospital Inc, is located in Grand Junction, CO. The organization was established in 2010. According to its NTEE Classification (F31) the organization is classified as: Psychiatric Hospitals, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. West Springs Hospital 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, West Springs Hospital Inc generated $15.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $17.9m during the year ending 06/2021. 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
WEST SPRINGS HOSPITAL IS A LEADING PSYCHIATRIC HOSPITAL IN CO, RECOGNIZED FOR SKILL IN TREATMENT AND COMPASSIONATE, PROFESSIONAL STAFF. WE TREAT PATIENTS OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL PROVIDES INPATIENT MENTAL HEALTH SERVICES TO A 10-COUNTY AREA OF WESTERN COLORADO INCLUDING OBSERVATION AND WALK-IN CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Raggio President & CEO (resigned 2022) | OfficerTrustee | 40 | $0 |
Doug Pattison CFO | OfficerTrustee | 40 | $0 |
Al Saliman MD Chair | OfficerTrustee | 2 | $0 |
Stefan Bate Chair Elect | OfficerTrustee | 2 | $0 |
Kimberly Boe Exec Vice President | Officer | 40 | $0 |
Mark Ramsey Psychiatrist | Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Genoa Healthcard Healthcare | 6/29/19 | $150,000 |
Citadel Security Security | 6/29/19 | $110,180 |
Colorado West Inc Management Services | 6/29/19 | $2,297,267 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,445,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,455,201 |
| Total Program Service Revenue | $13,891,128 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,441,222 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,515,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,722,066 |
| Payroll taxes | $769,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $315,557 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,461,306 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $198,349 |
| Royalties | $0 |
| Occupancy | $1,935,848 |
| Travel | $11,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $254,206 |
| Insurance | $0 |
| All other expenses | $754,628 |
| Total functional expenses | $17,903,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,961,387 |
| Accounts receivable, net | $747,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,941 |
| Prepaid expenses and deferred charges | $113,036 |
| Net Land, buildings, and equipment | $1,349,832 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,823,604 |
| Total assets | $14,072,864 |
| Accounts payable and accrued expenses | $150,018 |
| Grants payable | $0 |
| Deferred revenue | $33,800 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,864,737 |
| Total liabilities | $8,048,555 |
| Net assets without donor restrictions | $6,024,309 |
| 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 | $14,072,864 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Colorado West Inc has recieved totaling $84,890.
| Awarding Organization | Amount |
|---|---|
Mind Springs Foundation Glenwood Springs, CO PURPOSE: MEDICAL CARE | $28,530 |
Colorado Hospital Association Greenwood Village, CO PURPOSE: Support Organization | $28,180 |
Colorado Hospital Association Greenwood Village, CO PURPOSE: Support Organization | $28,180 |
Endowment Analysis
| Beg. Balance | $289,303 |
| Net Contributions | $1,170,731 |
| Ending Balance | $1,460,034 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laureate Psychiatric Clinic And Hospital Inc Tulsa, OK | $58,441,129 | $45,786,221 |
North Range Behavioral Health Greeley, CO | $47,656,961 | $48,010,665 |
Horizon Health And Wellness Inc Apache Junction, AZ | $31,689,682 | $37,902,190 |
Prairie View Inc Newton, KS | $15,128,204 | $24,268,507 |
Colorado West Inc Grand Junction, CO | $14,072,864 | $15,441,222 |
Heritage Schools Inc Provo, UT | $3,381,237 | $18,749,522 |
Saint Francis Community Services Inc Salina, KS | $25,882,563 | $16,129,810 |
Bear River Mental Health Services Inc Logan, UT | $16,602,054 | $18,622,508 |
Center For Counseling & Consultation Great Bend, KS | $3,818,991 | $5,396,206 |
Tulsa Psychiatric Center Inc Tulsa, OK | $157,464,150 | $4,136,826 |
Kids Counseling Inc Las Vegas, NM | $1,562,626 | $1,765,269 |
High Country Early Intervention Inc Prescott, AZ | $248,181 | $1,393,153 |