Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: BEHAVIORAL HEALTH

  total $414,125,538 · related or exempt $414,125,538

• 2b · Program service revenue: TPA REVENUE

  total $74,085,350 · related or exempt $74,085,350

• 2c · Program service revenue: CHILDREN'S HEALTH INSURANCE PLAN

  total $74,001,054 · related or exempt $74,001,054

• 2d · Program service revenue: INCENTIVE REVENUE

  total $27,107,905 · related or exempt $27,107,905

• 3 · Investment income

  total $912,873 · excluded $912,873

• 11a · Other revenue: ALL OTHER REVENUE

  total $532,538 · excluded $532,538

• 11e · Other revenue, total

  $532,538

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,752,588 · program services $7,752,588

• 5 · Compensation of officers, directors and key employees

  total $5,473,140 · program services $4,194,525 · management and general $1,278,615

• 7 · Other salaries and wages

  total $32,561,828 · program services $24,954,852 · management and general $7,606,976

• 8 · Pension plan contributions

  total $1,437,921 · program services $1,101,999 · management and general $335,922

• 9 · Other employee benefits

  total $4,559,749 · program services $3,494,517 · management and general $1,065,232

• 10 · Payroll taxes

  total $2,664,511 · program services $2,042,038 · management and general $622,473

• 11a · Fees: management

  total $3,557,632 · program services $2,726,511 · management and general $831,121

• 11b · Fees: legal

  total $406,591 · program services $311,605 · management and general $94,986

• 11c · Fees: accounting

  total $266,920 · program services $204,563 · management and general $62,357

• 11d · Fees: lobbying

  total $74,000 · program services $56,712 · management and general $17,288

• 11g · Fees: other

  total $992,552 · program services $760,676 · management and general $231,876

• 12 · Advertising and promotion

  total $328,646 · program services $251,869 · management and general $76,777

• 13 · Office expenses

  total $2,025,407 · program services $1,552,239 · management and general $473,168

• 14 · Information technology

  total $18,917,721 · program services $14,498,232 · management and general $4,419,489

• 16 · Occupancy

  total $1,235,539 · program services $946,897 · management and general $288,642

• 17 · Travel

  total $104,004 · program services $79,707 · management and general $24,297

• 19 · Conferences, conventions and meetings

  total $78,920 · program services $60,483 · management and general $18,437

• 20 · Interest

  total $50,558 · program services $38,747 · management and general $11,811

• 22 · Depreciation, depletion and amortization

  total $981,725 · program services $752,378 · management and general $229,347

• 23 · Insurance

  total $438,778 · program services $336,272 · management and general $102,506

• 24a · Other expenses: HEALTHCARE EXPENSES

  total $444,767,811 · program services $444,767,811

• 24b · Other expenses: PHYSICAL HEALTH CAPITAT

  total $31,898,344 · program services $24,446,369 · management and general $7,451,975

• 24c · Other expenses: PROVIDER INCENTIVE PAYM

  total $15,865,550 · program services $12,159,098 · management and general $3,706,452

• 24d · Other expenses: TELEHEALTH SERVICES

  total $2,344,296 · program services $1,796,630 · management and general $547,666

• 24e · All other expenses

  total $1,561,439 · program services $1,196,661 · management and general $364,778

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $143,542,429 · end of year $185,473,128

• 2 · Savings and temporary cash investments

  beginning of year $12,702,810 · end of year $12,884,899

• 4 · Accounts receivable

  beginning of year $15,796,926 · end of year $17,850,982

• 15 · Other assets

  beginning of year -$4,589,156 · end of year -$10,355,159

• 17 · Accounts payable and accrued expenses

  beginning of year $101,786,598 · end of year $135,922,668

• 25 · Other liabilities

  beginning of year $33,127 · end of year $55,019

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $2,300,000 · end of year $2,300,000

• 31 · Retained earnings, endowment or other funds

  beginning of year $63,333,284 · end of year $67,576,163

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION HAS A BONUS PLAN THAT CONSISTS OF 4 TIERS. A PERCENTAGE OF ANNUAL BASE SALARY IS PAID TO THE EXECUTIVE TEAM (10%), DIRECTORS (10%), MANAGERS/SUPERVISOR (4%), AND STAFF (2.5%). METRICS SET FOR CORPORATE AND LEADERSHIP CONTRIBUTION GOALS APPLY TO EXECUTIVES, DIRECTORS, SUPERVISORS, AND MANAGERS. PERFORMANCE LEVELS WERE SET AT THRESHOLD 80% OF TARGET PLAN, TARGET 100% OF PLAN, AND STRETCH 130% OF TARGET. EIGHTY PERCENT OF THE BONUS WAS PAID IF ALL CORPORATE GOALS WERE MET CONSISTING OF FINANCIAL SOUNDNESS, QUALITY, AND STRATEGY. LEADERSHIP CONTRIBUTION ACCOUNTS FOR THE REMAINING 20% OF THE BONUS. STAFF-LEVEL BONUS WAS PAID AT 100% IF ALL CORPORATE GOALS WERE MET. THIS BONUS POLICY WAS APPROVED IN THE 2021 BUDGET BUT WAS PAID IN 2022. TYPICALLY, THE BONUS FOR THE EXECUTIVE LEADERSHIP TEAM IS ADMINISTERED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD AND THE BONUS FOR NON-EXECUTIVES IS ADMINISTERED AND APPROVED BY THE EXECUTIVE LEADERSHIP TEAM.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• ACCESS DIVERSIFIED SERVICES INC

  C · HOLDING COMPANY · CO · 100% owned · share of income $79,224,235 · share of assets $16,758,683 · controlled entity

  Directly controlled by COLORADO ACCESS

• NEW HEALTH VENTURES INC

  C · HEALTH INSURER · CO · 100% owned · share of income $13,947 · share of assets $1,609,753 · controlled entity

  Directly controlled by COLORADO ACCESS