Colorado Hospital Association
- Assets
- $10.2m
- Revenue
- $9.4m
- Investments
- $729.2k
- Employees
- 42
- Location
- Denver, CO
- Founding
- 08/1957
- Data as of
- 12/2023
- EIN
- 84-0468242
Organization Overview
Colorado Hospital Association is located in Denver, CO. The organization was established in 1957. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, Colorado Hospital Association employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Hospital Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Colorado Hospital Association generated $9.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $9.4m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Colorado Hospital Association has awarded 66 individual grants totaling $2,628,990. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT MEMBERS' COLLABORATIVE COMMITMENT TO ADVANCE THE HEALTH OF THEIR COMMUNITIES THROUGH AFFORDABLE, ACCESSIBLE, HIGH-QUALITY HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY AND ADVOCACY: CHA MEETS WITH AND PROVIDES INFORMATION TO STATE ELECTED OFFICIALS ON HEALTHCARE MATTERS IN COLORADO.
EDUCATIONAL MEETINGS AND SEMINARS: MEET BOTH THE ONGOING AND EMERGING EDUCATIONAL NEEDS OF ITS MEMBERS BY PROVIDING A RANGE OF TIMELY AND COST-EFFECTIVE EDUCATIONAL PROGRAMS.
DATA SERVICES: CHA COLLECTS REAL-TIME DATA, ANALYZES IT AND THEN PROVIDES BENCHMARKING INFORMATION TO MEMBERS, OTHER STATE HOSPITAL ASSOCIATIONS AND OTHERS WITH AN INTEREST IN HOSPITAL RELATED COST DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman-Elect | OfficerTrustee | 1 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 40 | $691,875 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elevate Services Group It Services | 12/30/22 | $107,193 |
Zrg Partners Llc Recruitment | 12/30/22 | $179,314 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $160,000 |
| Government grants | $85,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,815 |
| Total Program Service Revenue | $8,667,908 |
| Investment income | $344,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,748 |
| Net Gain/Loss on Asset Sales | $617 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,386,977 |
| 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. | $3,317,259 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $405,904 |
| Other salaries and wages | $1,592,486 |
| Pension plan accruals and contributions | $334,436 |
| Other employee benefits | $253,664 |
| Payroll taxes | $303,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $281,668 |
| Fees for services: Accounting | $32,330 |
| Fees for services: Lobbying | $212,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,174 |
| Fees for services: Other | $780,803 |
| Advertising and promotion | $0 |
| Office expenses | $68,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $207,599 |
| Travel | $157,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,694 |
| Insurance | $106,840 |
| All other expenses | $4,650 |
| Total functional expenses | $9,368,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,293,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,370 |
| 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 | $348,380 |
| Net Land, buildings, and equipment | $1,098,581 |
| Investments—publicly traded securities | $4,372,698 |
| Investments—other securities | $729,158 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,250,601 |
| Total assets | $10,179,223 |
| Accounts payable and accrued expenses | $492,225 |
| Grants payable | $0 |
| Deferred revenue | $1,213,189 |
| 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 | $2,645,804 |
| Total liabilities | $4,351,218 |
| Net assets without donor restrictions | $5,828,005 |
| 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 | $10,179,223 |
Grants Awarded
Over the last fiscal year, Colorado Hospital Association has awarded $2,628,990 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ARKANSAS VALLEY REGIONAL MEDICAL CENTER PURPOSE: Support Organization | $28,180 |
ASPEN VALLEY HOSPITAL PURPOSE: Support Organization | $28,180 |
BOULDER COMMUNITY HEALTH PURPOSE: Support Organization | $28,180 |
CEDAR SPRINGS HOSPITAL PURPOSE: Support Organization | $28,180 |
BANNER FORT COLLINS MEDICAL CENTER PURPOSE: Support Organization | $28,180 |
CENTENNIAL PEAKS HOSPITAL PURPOSE: Support Organization | $28,180 |