Colorado Health Benefit Exchange
84% goes to programs $0 to raise $100 Strong reserves Growing revenue
Colorado Health Benefit Exchange is a 501(c)(3) organization based in Denver, Colorado, registered in 2014, with $72,273,797 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
4600 S Ulster St Ste 300, Denver, CO, 80237 EIN 45-3733823 Since 2014
Revenue (FY2024)
$72.3M
▲ 19.9% vs prior year
Health median: $840K
Expenses (FY2024)
$59.3M
Net assets
$58.0M
Employees
242
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Colorado Health Benefit Exchange: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Colorado Health Benefit Exchange: 12 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Colorado Health Benefit Exchange: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Colorado Health Benefit Exchange: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To increase access, affordability, and choice for individuals purchasing insurance.
Contact & location
- Address
- 4600 S Ulster St Ste 300, Denver, CO, 80237
- City
- Denver
- State
- Colorado
- Category
- Health Care
- Subcategory
- Health Care Financing
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $109.8M (FY2013) to $72.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $14.8MNet assets $58.0M
Operating margin
18.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$72.8M
Total liabilities
$14.8M
Net assets
$58.0M
Salaries & benefits
$26.0M
44% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $72,273,797▲19.9% | $59,284,311▲9.8% | $58,021,089▲28.8% | $72,790,021▲31.2% | 990 |
| 2023 | $60,286,142▲15.1% | $53,991,039▲7.8% | $45,031,603▲16.3% | $55,485,461▲13.8% | 990 |
| 2022 | $52,392,912▲13.9% | $50,064,090▲12.1% | $38,736,500▲5.8% | $48,762,811▲12.7% | 990 |
| 2021 | $46,009,200▲7.6% | $44,649,952▲5.1% | $36,613,367▲3.7% | $43,264,341▲5.0% | 990 |
| 2020 | $42,741,707▼5.8% | $42,502,061▼7.7% | $35,294,346▲0.6% | $41,211,882▼1.9% | 990 |
| 2019 | $45,376,594▼2.8% | $46,043,852▲2.1% | $35,077,944▼1.8% | $42,000,411▲2.8% | 990 |
| 2018 | $46,683,878▲8.0% | $45,093,055▼18.3% | $35,721,885▲4.7% | $40,873,922▲3.2% | 990 |
| 2017 | $43,214,914▼9.0% | $55,189,943▼4.2% | $34,121,318▼26.0% | $39,588,661▼22.4% | 990 |
| 2016 | $47,496,011▲4.6% | $57,599,122▼1.9% | $46,105,162▼18.0% | $51,018,419▼15.7% | 990 |
| 2015 | $45,386,299▼44.8% | $58,712,350▼13.7% | $56,208,273▼19.2% | $60,518,339▼27.1% | 990 |
| 2014 | $82,176,254▼25.2% | $68,065,291▼8.4% | $69,534,324▲30.8% | $83,046,439▲5.9% | 990 |
| 2013 | $109,826,665 | $74,318,617 | $53,162,691 | $78,407,910 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kevin Patterson — $398,905 (0.67% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin Patterson | Chief Executive Officer | 45 | $398,905 |
| Kelly Guthner | Chief Innovation Officer | 45 | $295,531 |
| Brian Braun | Chief Financial Officer | 45 | $292,599 |
| Renata Robinson | Chief Human Resources and Training Officer | 41 | $292,056 |
| Alan Schmitz | General Counsel/compliance Officer | 41 | $255,772 |
| Justin Brandon | Senior Director of Customer and Issuer Operations | 45 | $201,500 |
| Katherine Davies | Chief Product Officer | 45 | $200,488 |
| William Schwartz | Director of Software Development | 41.28 | $188,523 |
| Molly Mcclurg | Deputy General Counsel | 40 | $184,450 |
| Nina Schwartz | Chief Policy and External Affairs Officer | 42 | $176,907 |
| Adam Fox | Director | 3 | — |
| Annie Lee | Vice-chair | 3 | — |
| Christy Blakely | Director | 3 | — |
| Dick Thompson | Board Chair | 5 | — |
| Jennifer Brooks | Director | 3 | — |
| Lorez Meinhold | Treasurer | 3 | — |
| Mara Baer | Board Chair-elect | 3 | — |
| Patrick Gordon | Director | 3 | — |
| Robert Ruiz-moss | Director | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cgi | Technology Development | $8,167,892 |
| Hire Connections | Customer Service | $3,696,228 |
| Quanta Intelligence | Tech and Business Intelligence | $627,912 |
| Compri Consulting | Product Development | $373,950 |
| Burkscomm | Outreach | $228,474 |
Grants received · $5.7M total
2 grants to Colorado Health Benefit Exchange totaling $5.7M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Colorado Health Foundation | Improve access to health coverage | 2015 | $3,153,800 |
| The Colorado Health Foundation | Donation, sponsorship | 2014 | $2,500,000 |
Grants made · $2.0M in FY2019
18 grants totaling $2.0M in FY2019 — showing the 15 largest. All grants made by Colorado Health Benefit Exchange →
| Recipient | Purpose | Amount |
|---|---|---|
| Aurora Comprehensive Community Mental Health Center Inc | Assistance network | $214,712 |
| Boulder County Housing and Human Services | Assistance network | $210,240 |
| Doctors Care | Assistance network | $198,482 |
| North Colorado Health Alliance | Assistance network | $179,000 |
| Health Services District of Northern Larimer County | Assistance network | $165,000 |
| Hilltop Health Services Corporation | Assistance network | $156,000 |
| Mountain Family Health Centers | Assistance network | $143,000 |
| La Raza Services Inc | Assistance network | $137,000 |
| Northwest Colorado Community Health Partnership Inc | Assistance network | $126,000 |
| Tri-county Health Network | Assistance network | $109,786 |
| Summit County Family Resource Center | Assistance network | $92,000 |
| San Juan Basin Public Health | Assistance network | $76,340 |
| Chaffee County Health and Human Services | Assistance network | $68,500 |
| The Gay Lesbian Bisexual & Transgender Community Center of Co | Assistance network | $45,000 |
| Senior Resource Development Agency Pueblo Inc | Assistance network | $27,500 |
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Compare Colorado Health Benefit Exchange
Frequently asked questions
- Is Colorado Health Benefit Exchange a legitimate nonprofit?
- Yes. Colorado Health Benefit Exchange is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-3733823, based in Denver, Colorado. Donations are tax-deductible.
- What is Colorado Health Benefit Exchange's EIN?
- Colorado Health Benefit Exchange's Employer Identification Number (EIN) is 45-3733823.
- How much revenue does Colorado Health Benefit Exchange report?
- Colorado Health Benefit Exchange reported $72,273,797 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Colorado Health Benefit Exchange's spending goes to programs?
- Colorado Health Benefit Exchange spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Colorado Health Benefit Exchange have?
- CharityIndex grades Colorado Health Benefit Exchange A, based on program efficiency and fundraising cost.
- How much does Colorado Health Benefit Exchange's highest-paid employee make?
- The highest reported compensation on Colorado Health Benefit Exchange's latest Form 990 is $398,905, paid to Kevin Patterson (Chief Executive Officer).
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Data for Colorado Health Benefit Exchange (EIN 45-3733823) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.