Colorado Health Benefit Exchange
- Assets
- $43.3m
- Revenue
- $46.0m
- Investments
- $0.0
- Employees
- 206
- Location
- Denver, CO
- Founding
- 05/2014
- Data as of
- 06/2022
- EIN
- 45-3733823
Organization Overview
Colorado Health Benefit Exchange, operating under the name Connect For Health Colorado, is located in Denver, CO. The organization was established in 2014. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 06/2022, Connect For Health Colorado employed 206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connect For Health Colorado 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 06/2022, Connect For Health Colorado generated $46.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $44.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Connect For Health Colorado has awarded 162 individual grants totaling $18,757,920. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE ACCESS, AFFORDABILITY, AND CHOICE FOR INDIVIDUALS PURCHASING INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FY2022 WAS A YEAR MARKED BY ENROLLMENT MILESTONES. AT THE CLOSE OF THE OPEN ENROLLMENT PERIOD IN JANUARY 2022, NEARLY 200,000 COLORADANS HAD SIGNED UP FOR A HEALTH INSURANCE PLAN; 10 PERCENT ABOVE THE PREVIOUS YEAR'S END OF OPEN ENROLLMENT TOTAL AND THE HIGHEST END OF OPEN ENROLLMENT TOTAL SINCE CONNECT FOR HEALTH COLORADO OPENED FOR BUSINESS IN 2013. COUNTING SIGN-UPS FROM VARIOUS SPECIAL ENROLLMENT PERIODS, THE MARKETPLACE ENDED THE YEAR WITH A CUMULATIVE 232,631 PEOPLE ENROLLED. (CONTINUED ON SCHEDULE O.)SIGNIFICANT PROGRAM ACHIEVEMENTS IN FY2022 INCLUDE:*COLORADO'S TAX TIME ENROLLMENT PROGRAM.*THE EXTENSION OF FINANCIAL HELP VIA THE INFLATION REDUCTION ACT, KEEPING THE COST OF STAYING COVERED CONTROLLED. *STATE SENATE BILL 22-081, WHICH FUNDS AN OUTREACH AND EDUCATION CAMPAIGN TO RAISE AWARENESS ABOUT COLORADO'S AFFORDABLE HEALTH COVERAGE OPTIONS.*COLORADO CONNECT (CONNECT FOR HEALTH COLORADO'S NEW PLATFORM).*COLORADO OPTION PLANS, WHICH PROVIDE MORE PLAN CHOICE AND COST/BENEFIT TRANSPARENCY TO CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Blakely Director | Trustee | 3 | $0 |
Marc Reece Board Vice Chair | OfficerTrustee | 3 | $0 |
Patrick Gordon Director | Trustee | 3 | $0 |
Annie Lee Board Chair-Elect | Trustee | 3 | $0 |
Lorez Meinhold Board Chair | OfficerTrustee | 3 | $0 |
Mike Stahl Board Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cgi Technology Development | 6/29/22 | $8,201,409 |
Faneuil Inc Technology Development | 6/29/22 | $2,568,434 |
Hcentive Technology Development | 6/29/22 | $1,236,314 |
Ttec Government Solutions Technology Development | 6/29/22 | $634,074 |
Hire Connections Customer Service | 6/29/22 | $794,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,985,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,985,361 |
| Total Program Service Revenue | $34,007,850 |
| Investment income | $2,987 |
| 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 | $46,009,200 |
| 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. | $777,974 |
| Compensation of current officers, directors, key employees. | $224,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,568,578 |
| Pension plan accruals and contributions | $1,178,523 |
| Other employee benefits | $2,658,692 |
| Payroll taxes | $1,095,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,394 |
| Fees for services: Accounting | $366,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $640,725 |
| Advertising and promotion | $0 |
| Office expenses | $156,912 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $777,939 |
| Travel | $30,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,218,687 |
| Insurance | $115,243 |
| All other expenses | $25,034 |
| Total functional expenses | $44,649,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,614,467 |
| Savings and temporary cash investments | $5,260,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,118,276 |
| 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 | $1,670,305 |
| Net Land, buildings, and equipment | $18,554,367 |
| Investments—publicly traded securities | $6,993,977 |
| Investments—other securities | $0 |
| Investments—program-related | -$32,958 |
| Intangible assets | $0 |
| Other assets | $85,652 |
| Total assets | $43,264,341 |
| Accounts payable and accrued expenses | $5,688,652 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $962,322 |
| Total liabilities | $6,650,974 |
| Net assets without donor restrictions | $19,021,322 |
| Net assets with donor restrictions | $17,592,045 |
| 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 | $43,264,341 |
Grants Awarded
Over the last fiscal year, Colorado Health Benefit Exchange has awarded $1,998,223 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AURORA MENTAL HEALTH CENTER PURPOSE: ASSISTANCE NETWORK | $214,712 |
BOULDER COUNTY HOUSING AND HUMAN SERVICES PURPOSE: ASSISTANCE NETWORK | $210,240 |
CHAFFEE COUNTY HEALTH AND HUMAN SERVICES PURPOSE: ASSISTANCE NETWORK | $68,500 |
DOCTORS CARE PURPOSE: ASSISTANCE NETWORK | $198,482 |
FAMILY AND INTERCULTURAL RESOURCE CENTER PURPOSE: ASSISTANCE NETWORK | $92,000 |
GLBT CENTER OF COLORADO PURPOSE: ASSISTANCE NETWORK | $45,000 |