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Nonprofiteer
← PEAK HEALTH ALLIANCE

Form 990 for tax year 2022

Filed by PEAK HEALTH ALLIANCE.

Totals

Total revenue
$872,715
Total expenses
$637,427
Contributions and grants received
$50,200
Grants paid
$7,700
Program service revenue
$821,983
Investment income
$323
Other revenue
$209
Total assets, end of year
$699,233
Total liabilities, end of year
$35,710
Net assets or fund balances, end of year
$663,523
Program services expenses (Part IX)
$459,097
Management and general expenses
$68,667
Fundraising expenses
$109,663
Program service expenses (Part III)
$459,097

Program services were 72.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $50,200

  • 2a · Program service revenue: MEMBERSHIP DUES-INDIVIDUALS

    total $664,643 · related or exempt $664,643

  • 2b · Program service revenue: MEMBERSHIP DUES-SELF-INSURED

    total $95,602 · related or exempt $95,602

  • 2c · Program service revenue: COMMUNITY FEES

    total $50,000 · related or exempt $50,000

  • 2d · Program service revenue: PLATFORM FEES

    total $9,882 · related or exempt $9,882

  • 2e · Program service revenue: MEMBERSHIP DUES-LEVEL FUNDED

    total $1,856 · related or exempt $1,856

  • 3 · Investment income

    total $323 · excluded $323

  • 11a · Other revenue: OTHER REVENUE

    total $209 · related or exempt $209

  • 11e · Other revenue, total

    $209

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,700 · program services $7,700

  • 5 · Compensation of officers, directors and key employees

    total $200,096 · program services $160,647 · management and general $21,752 · fundraising $17,697

  • 7 · Other salaries and wages

    total $123,359 · program services $87,613 · management and general $194 · fundraising $35,552

  • 9 · Other employee benefits

    total $39,487 · program services $30,315 · management and general $5,272 · fundraising $3,900

  • 10 · Payroll taxes

    total $19,631 · program services $14,253 · management and general $826 · fundraising $4,552

  • 11c · Fees: accounting

    total $12,423 · management and general $12,423

  • 11d · Fees: lobbying

    total $3,750 · program services $3,750

  • 11g · Fees: other

    total $166,642 · program services $130,911 · management and general $6,956 · fundraising $28,775

  • 12 · Advertising and promotion

    total $19,341 · program services $1,820 · fundraising $17,521

  • 13 · Office expenses

    total $3,642 · program services $1,892 · management and general $1,516 · fundraising $234

  • 14 · Information technology

    total $1,785 · management and general $1,785

  • 16 · Occupancy

    total $4,256 · program services $1,435 · management and general $1,389 · fundraising $1,432

  • 17 · Travel

    total $12,724 · program services $12,724

  • 22 · Depreciation, depletion and amortization

    total $3,007 · management and general $3,007

  • 23 · Insurance

    total $19,464 · program services $6,037 · management and general $13,427

  • 24a · Other expenses: OTHER

    total $90 · management and general $90

  • 24b · Other expenses: LICENSING AND PERMITS

    total $30 · management and general $30

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $307,545 · end of year $548,025

  • 4 · Accounts receivable

    beginning of year $187,050 · end of year $132,126

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,260 · end of year $18,686

  • 10a · Land, buildings and equipment: cost or other basis

    $3,320

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,924

  • 10c · Land, buildings and equipment, net

    beginning of year $1,447 · end of year $396

  • 14 · Intangible assets

    beginning of year $1,956

  • 15 · Other assets

    beginning of year $800

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,823 · end of year $34,465

  • 25 · Other liabilities

    end of year $1,245

  • 27 · Net assets without donor restrictions

    beginning of year $428,235 · end of year $663,523

Mission and programs · 2022

Mission

PEAK HEALTH ALLIANCE IS ORGANIZED FOR THE PURPOSE OF ARRANGING FOR MORE COST-EFFECTIVE HEALTH INSURANCE AND HEALTH INSURANCE ADMINISTRATIVE SERVICES FOR EMPLOYERS WITH A PHYSICAL PRESENCE IN RURAL COLORADO AND THEIR EMPLOYEES AND INDIVIDUALS WHO RESIDE WITHIN COMMUNITIES WHO HAVE JOINED PEAK HEALTH ALLIANCE.

Activities or mission (Part I)

PEAK HEALTH ALLIANCE ARRANGES ROBUST, COST-EFFECTIVE HEALTH INSURANCE FOR INDIVIDUALS, SMALL BUSINESSES, AND SELF-FUNDED BUSINESSES LOCATED IN RURAL COLORADO.

  • PEAK'S AGGRESSIVE, DATA-DRIVEN NEGOTIATION WITH PROVIDERS AND CARRIERS RESULTED IN 24%-38% PREMIUM SAVINGS. 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, 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%.

    Expenses $459,097 · Grants $7,700 · Revenue $821,983

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Don Dankner

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Binder

    TREASURER

    Total calculated
    $0
    Hours/week
    0.75

  • Mark Spiers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Richard Cimino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Janet Carter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.35

  • Merida Odiorne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • David Preaus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.35

  • Philip Gonshak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.35

  • Ray Douglas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.35

  • Monique Digiorgio

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.35

  • Brianne Snow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.35

  • Han Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.35

  • Claire Brockbank

    CEO (THRU AP

    Total calculated
    $98,926
    From this org
    $91,311
    From related orgs
    $0
    Other
    $7,615
    Hours/week
    40

  • Anne Ladd

    CEO

    Total calculated
    $148,905
    From this org
    $148,905
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2023
IRS schema version
2022v5.0
Source object
202331299349303273

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