Colorado Health Care Association
- Assets
- $928.0k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Glendale, CO
- Founding
- Data as of
- 12/2022
- EIN
- 90-0763990
Organization Overview
Colorado Health Care Association is located in Glendale, CO. As of 12/2022, Colorado Health Care Association employed 6 individuals. Colorado Health Care 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 12/2022, Colorado Health Care Association generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COLORADO HEALTH CARE ASSOCIATION AND CENTER FOR ASSISTED LIVING REPRESENTS THE LONG-TERM CARE COMMUNITY AND ITS STAKEHOLDERS TO PROMOTE AN ENVIRONMENT WHERE ITS MEMBERS AND THE PEOPLE THEY SERVE CAN THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAM- THE ASSOCIATION PROVIDES EDUCATION, SUPPORT SERVICES AND PEER REVIEW FOR NURSING HOMES AND ASSISTED LIVING FACILITIES IN COLORADO.
LEGISLATIVE PROGRAM SERVICES- ACTS AS A LIASON BETWEEN REGULATORY AGENCIES AND THE LEGISLATURE AND THE MEMBERS OF THE ASSOCIATION TO BENEFIT THOSE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Farmer President & CEO | Officer | 60 | $279,505 |
Jenny Albertson Dir Of Quality & Regulatory Affairs | 40 | $129,865 | |
Bonita Jones VP Operations | Officer | 60 | $114,725 |
Joshua Fant Dir Of Finance | Officer | 40 | $99,993 |
Jayne Keller Secretary | OfficerTrustee | 1 | $0 |
Mark Bedinger Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,674,814 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $1,674,814 |
| Total Program Service Revenue | $340,789 |
| Investment income | $2,756 |
| 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 | $2,030,436 |
| 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. | $494,223 |
| Compensation of current officers, directors, key employees. | $317,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,078 |
| Pension plan accruals and contributions | $21,359 |
| Other employee benefits | $68,061 |
| Payroll taxes | $48,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,968 |
| Fees for services: Accounting | $13,145 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,458 |
| Advertising and promotion | $0 |
| Office expenses | $26,377 |
| Information technology | $9,423 |
| Royalties | $0 |
| Occupancy | $78,806 |
| Travel | $32,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,394 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,771 |
| Insurance | $14,696 |
| All other expenses | $34,130 |
| Total functional expenses | $2,004,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,618 |
| Savings and temporary cash investments | $372,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,895 |
| 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 | $44,696 |
| Net Land, buildings, and equipment | $4,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,793 |
| Total assets | $927,980 |
| Accounts payable and accrued expenses | $109,678 |
| Grants payable | $0 |
| Deferred revenue | $60,269 |
| 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 | $135,793 |
| Total liabilities | $305,740 |
| Net assets without donor restrictions | $622,240 |
| 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 | $927,980 |