Diversus Health Inc
- Assets
- $82.8m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 560
- Location
- Colorado Springs, CO
- Founding
- 03/2006
- Data as of
- 06/2021
- EIN
- 42-1600485
Organization Overview
Diversus Health Inc is located in Colorado Springs, CO. The organization was established in 2006. 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, Diversus Health Inc employed 560 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Diversus Health 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, Diversus Health Inc generated $12.0m 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 (24.2%) each year. All expenses for the organization totaled $11.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (21.6%) 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 ARE TRUSTED PARTNERS, IMPROVING THE BEHAVIORAL HEALTH OF OUR COMMUNITY BY ELIMINATING BARRIERS,PROVIDING QUALITY CARE AND RESTORING HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASCENT AND ACT PROGRAMS WORK WITH CLIENTS WITH RECENT ONSET OF SCHIZOPHRENIA AND PROVIDED STRONG DECREASES IN CLIENT HOSPITAL DAYS, IMPROVEMENTS IN REPORTED SYMPTOMS OF SCHIZOPHRENIA, AND IMPROVEMENTS IN RELATIONAL, SCHOLASTIC AND CAREER FUNCTIONING. A REPORT FROM THE OFFICE OF BEHAVIORAL HEALTH IDENTIFIED THAT CLIENTS ENROLLED IN THE ACT PROGRAM DEMONSTRATED A DECREASE IN HOSPITALIZATIONS OF 61.43%. THE COLORADO SPIRIT COVID RESPONSE TEAM MADE NEARLY 2,000 CONTACTS WITHIN EL PASO, PARK, AND TELLER COUNTIES SINCE THE HEIGHT OF THE PANDEMIC IN 2020. THE TEAM HAS SUPPORTED COMMUNITY MEMBERS BY PROVIDING EDUCATION, SUPPORT GROUPS, AND PODCASTS TO CREATIVELY OUTREACH DURING A TIME OF DISTANCING AND ISOLATION. THE COLORADO COMMUNITY HEALTH ALLIANCE (CCHA) PILOT PROGRAM WAS DEVELOPED TO DECREASE THE OVERALL COST FOR PATIENTS WITH HIGH UTILIZATION OF SERVICES. CCHA REFERRED PATIENTS THAT HAD RAPID READMISSIONS TO INPATIENT FACILITIES AND NEEDED MORE INTENSIVE OUTPATIENT SERVICES. 87% OF REFERRALS WERE ACCEPTED BY DIVERSUS HEALTH. 32% OF PATIENTS EXPERIENCED A MONTHLY COST IMPROVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Roberts CEO | OfficerTrustee | 40 | $377,892 |
Jason Curd Psychiatrist | 40 | $317,066 | |
Jose Martinez-Gamba Psychiatrist | 40 | $302,593 | |
Christopher Bayley Psychiatrist | 40 | $288,038 | |
Ian Peters Psychiatrist | 40 | $282,263 | |
Gabriela Petrescu Psychiatrist | 40 | $268,637 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bkd Llp Accounting Services | 6/29/21 | $148,400 |
Cactus Communications Inc Consulting Services | 6/29/21 | $484,045 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $964,304 |
| 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 | $964,304 |
| Total Program Service Revenue | $10,964,372 |
| Investment income | $106,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,034,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $628,815 |
| Compensation of current officers, directors, key employees. | $628,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,889,221 |
| Pension plan accruals and contributions | $333,633 |
| Other employee benefits | $1,178,315 |
| Payroll taxes | $393,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,641 |
| Fees for services: Accounting | $160,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $900,121 |
| Advertising and promotion | $272,601 |
| Office expenses | $173,133 |
| Information technology | $557,453 |
| Royalties | $0 |
| Occupancy | $467,349 |
| Travel | $12,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,902 |
| Insurance | $147,599 |
| All other expenses | $0 |
| Total functional expenses | $10,983,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,940,656 |
| Savings and temporary cash investments | $13,476,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $309,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,218 |
| Prepaid expenses and deferred charges | $3,439,496 |
| Net Land, buildings, and equipment | $415,370 |
| Investments—publicly traded securities | $1,397,624 |
| Investments—other securities | $0 |
| Investments—program-related | $40,794,580 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $82,829,314 |
| Accounts payable and accrued expenses | $3,380,629 |
| 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 | $1,341,584 |
| Total liabilities | $4,722,213 |
| Net assets without donor restrictions | $78,036,851 |
| Net assets with donor restrictions | $70,250 |
| 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 | $82,829,314 |
Grants Awarded
Over the last fiscal year, Diversus Health Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: EXPANDING MENTAL HEALTH FIRST AID | $15,000 |
Colorado Springs, CO PURPOSE: RUSSELL BARKLEY COMMUNITY FORUM | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Diversus Health Inc has recieved totaling $99.
| Awarding Organization | Amount |
|---|---|
Pikes Peak United Way Colorado Springs, CO PURPOSE: Support the Charitable Purpose of the Organization | $99 |
Endowment Analysis
| Beg. Balance | $114,310 |
| Ending Balance | $114,310 |
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 |