Peak Health Alliance
- Assets
- $510.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Dillon, CO
- Founding
- Data as of
- 12/2021
- 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. As of 12/2021, Peak Health Alliance employed 7 individuals. 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 12/2021, Peak Health Alliance generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $719.6k during the year ending 12/2021. While expenses have increased by 21.7% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
DURING 2020 PEAK HEALTH ALLIANCE ("PEAK") SUCCESSFULLY EXPANDED ACCESS TO ITS HEALTHCARE COVERAGE COOPERATIVE FROM ONE COLORADO COUNTY IN 2020 TO SEVEN FOR THE 2021 PLAN YEAR (SUMMIT, LAKE, GRAND, LA PLATA, DOLORES, MONTEZUMA, SAN JUAN). PEAK'S AGGRESSIVE, DATA-DRIVEN NEGOTIATION WITH PROVIDERS AND CARRIERS RESULTED IN 24%-38% PREMIUM SAVINGS IN EACH OF THESE NEW COMMUNITIES. IN ADDITION, PEAK'S NEGOTIATION RESULTED IN AN ADDITIONAL 9% PREMIUM DECREASE IN ITS PILOT COUNTY, SUMMIT. WE ESTIMATE THESE PREMIUM REDUCTIONS WILL RESULT IN OVER 7 MILLION IN SAVINGS ACROSS OUR SEVEN COUNTIES. THIS IS MONEY THAT GOES BACK TO THE COMMUNITY RATHER THAN TO AN OUT OF STATE INSURANCE COMPANY OR CORPORATE HEALTH SYSTEM. PLANS NEGOTIATED BY PEAK HAVE SIGNIFICANT ENHANCEMENTS IN PLAN DESIGN THAT RESPOND TO COMMUNITY NEEDS. MENTAL HEALTH VISITS ARE COVERED WITH 0 COPAY ON ALL PLANS EXCEPT CATASTROPHIC AND HSA-COMPATIBLE PLANS. THERE ARE ALSO COPAYS NOT SUBJECT TO DEDUCTIBLE ON OTHER KEY SERVICES, SUCH AS PRIMARY CARE VISITS AND IMAGING, THAT MAKE IT EASIER FOR PARTICIPANTS TO USE THEIR BENEFITS. PEAK IS ALSO THE ONLY ENTITY IN THE STATE THAT OFFERS A ZERO DEDUCTIBLE BRONZE AND SILVER TIER PLAN. ANOTHER SUCCESS HAS BEEN PEAK'S NETWORK EXPANSION IN MENTAL HEALTH SERVICES. WITH OVER 50 INDEPENDENT MENTAL HEALTH PROVIDERS NOW CONTRACTED IN-NETWORK (UP FROM 11), PEAK'S STRATEGY OF INCREASING REIMBURSEMENT RATES AND DOING DIRECT OUTREACH TO PROVIDERS HAS PROVEN EFFECTIVE. THE MARKET HAS RESPONDED TO THE WAYS PEAK HAS ADDRESSED AFFORDABILITY. PEAK'S AVERAGE INDIVIDUAL MARKET SHARE IN OUR SEVEN COUNTIES IS BETWEEN 65% - 70%.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Brockbank CEO (2021) | Officer | 40 | $161,998 |
David Rossi Chief Market | 40 | $118,257 | |
Don Dankner Chair | OfficerTrustee | 1 | $0 |
Scott Binder Treasurer | OfficerTrustee | 0.75 | $0 |
Anne Ladd CEO (2022) | Officer | 0 | $0 |
Mark Spiers Board Member | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $465,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,865 |
| Total Program Service Revenue | $530,366 |
| Investment income | $145 |
| 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 | $1,138,376 |
| 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. | $161,998 |
| Compensation of current officers, directors, key employees. | $19,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,706 |
| Payroll taxes | $33,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21 |
| Fees for services: Accounting | $8,989 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,289 |
| Advertising and promotion | $100,693 |
| Office expenses | $4,218 |
| Information technology | $8,293 |
| Royalties | $0 |
| Occupancy | $8,526 |
| Travel | $5,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $226 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,040 |
| Insurance | $18,146 |
| All other expenses | $0 |
| Total functional expenses | $719,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $307,545 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,050 |
| 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 | $11,260 |
| Net Land, buildings, and equipment | $1,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,956 |
| Other assets | $800 |
| Total assets | $510,058 |
| Accounts payable and accrued expenses | $81,823 |
| 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 | $0 |
| Total liabilities | $81,823 |
| Net assets without donor restrictions | $428,235 |
| 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 | $510,058 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peak Health Alliance has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Rocky Mountain Health Foundation Grand Junction, CO PURPOSE: EXPAND THE NUMBER OF CONTRACTED MENTAL HEALTH PROVIDERS AND WORK WITH THERAPISTS AROUND INSURANCE BILLING NUANCES, THROUGH EDUCATION AND COLLABORATION WITH PEAK CARRIER PARTNERS. WORK AS A CENTRALIZED ADVOCATE FOR THERAPISTS AROUND HEALTH INSURANCE. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comprehensive Health Insurance Association Great Bend, KS | $122,969,212 | $99,936,486 |
Delta Dental Plan Of New Mexico Inc Albuquerque, NM | $81,908,346 | $75,517,286 |
Oneworld Community Health Centers Inc Omaha, NE | $55,753,804 | $50,338,832 |
Valley-Wide Health Systems Inc Alamosa, CO | $46,697,315 | $52,431,671 |
Delta Dental Plan Of Wyoming Cheyenne, WY | $25,241,153 | $47,484,534 |
Colorado Health Benefit Exchange Denver, CO | $41,211,882 | $42,741,707 |
Nurse Family Partnership Denver, CO | $58,934,670 | $51,421,295 |
Uchealth Laboratory Services Llc Denver, CO | $0 | $34,399,374 |
Washington State Health Insurance Pool Great Bend, KS | $15,414,499 | $29,306,973 |
Delta Dental Of Nebraska Omaha, NE | $13,547,591 | $26,037,391 |
Zion Health St George, UT | $13,690,027 | $30,278,817 |
Northeast Oklahoma Community Health Centers Inc Hulbert, OK | $28,383,218 | $24,477,125 |