Peak Health Alliance
- Assets
- $370.3k
- Revenue
- $117.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Dillon, CO
- Founding
- Data as of
- 12/2023
- EIN
- 83-4270490
Organization Overview
Peak Health Alliance is located in Dillon, CO. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peak Health Alliance 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 12/2023, Peak Health Alliance generated $117.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.9%) each year. All expenses for the organization totaled $500.1k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PEAK HEALTH ALLIANCE ARRANGES ROBUST, COST-EFFECTIVE HEALTH INSURANCE FOR INDIVIDUALS, SMALL BUSINESSES, AND SELF-FUNDED BUSINESSES LOCATED IN RURAL COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEAK HEALTH ALLIANCE USES THE PURCHASING POWER OF THE COMMUNITIES WE REPRESENT TO NEGOTIATE LOWER HEALTH INSURANCE PREMIUMS. WE OFFER HEALTH INSURANCE PLANS THROUGH AN INSURANCE CARRIER SELECTED BASED ON THEIR ABILITY TO OFFER THE MOST COMPETITIVE RATES AND COMPREHENSIVE PLANS. WHILE OUR ABILITY TO OPERATE AND OFFER PLANS IS GRANTED UNDER COLORADO LAW AND ENFORCED BY THE DIVISION OF INSURANCE, WE ARE NOT A STATE AGENCY. THE KEY TO OUR SUCCESS IS A COLLABORATIVE APPROACH THAT INCLUDES LOCAL LEADERS AND PROVIDERS IN DEVELOPING INNOVATIVE HEALTHCARE SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Ladd CEO | Officer | 40 | $203,870 |
Mark Spiers Chair | OfficerTrustee | 2.31 | $0 |
Scott Binder Treasurer | OfficerTrustee | 1.15 | $0 |
Richard Cimino Secretary | OfficerTrustee | 0.69 | $0 |
Don Dankner Board Member | Trustee | 2.31 | $0 |
Merida Odiorne Board Member | Trustee | 0.69 | $0 |
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 | $15,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,500 |
| Total Program Service Revenue | $102,136 |
| 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 | $117,636 |
| 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. | $205,200 |
| Compensation of current officers, directors, key employees. | $10,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,271 |
| Payroll taxes | $4,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $162,950 |
| Advertising and promotion | $36,041 |
| Office expenses | $5,190 |
| Information technology | $978 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397 |
| Insurance | $17,711 |
| All other expenses | $20 |
| Total functional expenses | $500,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $41,936 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,325 |
| Accounts payable and accrued expenses | $88,603 |
| 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 | $652 |
| Total liabilities | $89,255 |
| Net assets without donor restrictions | $281,070 |
| 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 | $370,325 |