Colorado Access EIN 84-1297547

Colorado Access

EIN  84-1297547 Membership association Aurora, CO Founded 1994
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Operates a health plan to improve access to needed healthcare.
Leadership
Simon Smith · Chairman
Money in and out
$790.2M revenue, $801.5M expenses
Bottom line
-1% operating surplus

Operates a health plan to improve access to needed healthcare. For fiscal year 2024 it reported $790.2M in revenue, $801.5M in expenses, and $68.9M in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$790.2M
Pt VIII · Ln 12
Total expenses
$801.5M
Pt IX · Ln 25
Net assets
$68.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11.3M
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Operating surplus
-1%
revenue over expenses▼ -296% vs prior filing year
Earned revenue
99%
of revenue from program services & dues0% vs prior filing year
Payroll share
7%
of spending is salaries & benefits▼ -14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$790.2M
FY2024▲ +18%
Expenses
$801.5M
FY2024▲ +21%
Total assets
$213.1M
FY2024▲ +19%
Total liabilities
$144.2M
FY2024▲ +41%
Total revenue
$790.2M
Pt VIII · Ln 12
Total expenses
$801.5M
Pt IX · Ln 25
Net assets
$68.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$11.3M
Total assetsPt X · Ln 16$213.1M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $629.9M of program spending, described in the organization's own filed words · FY2024.
01

The state of colorado operated its medicaid behavioral health program as a carve-out. They divided the state into seven regions and competitively bid for at-risk behavioral health organizations (bho).

$288.2Mprogram expense
02

The state of colorado operated its medicaid behavioral health program as a carve-out. They divided the state into seven regions and competitively bid for at-risk behavioral health organizations (bho).

$175.3Mprogram expense
03

Child health plan plus (CHP+) covers the cost of health care and the associated administration for the eligible population under the federal child health insurance plan (chip). Child health plan plus provided healthcare and administrative services for over 64,000 underpriviledged children throughout 2024.

$166.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CColorado Access
EINHdr · item D84-1297547
Principal addressHdr · item CAurora, CO
WebsiteHdr · item Jwww.coaccess.com
Year of formationHdr · item L1994
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Colorado Access executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$782.7M · 99%
Investment income$6.9M · 1%
Program service revenue99%$782.7M
Investment income1%$6.9M
Other revenue$609K
Total revenueLn 12$790.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$771.8M
Management & general4%$29.7M
Total functional expensesLn 25$801.5M

Balance Sheet

Part X · end of year
CashLn 1$77.0M
Total assetsLn 16$213.1M
Total liabilitiesLn 26$144.2M
Total net assetsLn 32$68.9M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $77.0M · Operating expenses/yr $801.5M
1.2 months
Where the money goes
Program services
Program services $771.8M · Total expenses $801.5M
96%
Management & General
Management & general $29.7M · Total expenses $801.5M
4%
Fundraising
Fundraising $0 · Total expenses $801.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $790.2M
0%
Government reliance
Government grants — · Total revenue $790.2M
Earned-income share
Program service revenue $782.7M · Total revenue $790.2M
99%
Investment reliance
Investment income $6.9M · Total revenue $790.2M
+1%
Program self-sufficiency
Program service revenue $782.7M · Total expenses $801.5M
98%
Growth & trend
Revenue growth (YoY)
This year $790.2M · Prior year $667.1M
+18%
Revenue CAGR
FY2020 $451.4M · FY2024 $790.2M
+15%
Net-asset trend (YoY)
End of year $68.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $790.2M · Expenses $801.5M
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $213.1M
Net-asset ratio
Net assets $68.9M · Total assets $213.1M
32%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $213.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Simon Smith · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $801.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59.4M · Total expenses $801.5M
7%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Revenue growth 18%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $11.2M · 2022–2024
Colorado Access FoundationCO · FY2024$975,946
Colorado Access FoundationCO · FY2023$2,425,047
Colorado Access FoundationCO · FY2022$7,752,588

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$790.2M revenue · viewing · ⤓ 990 PDF
FY2023$667.1M revenue · ⤓ 990 PDF
FY2022$590.8M revenue · ⤓ 990 PDF
FY2021$516.5M revenue · ⤓ 990 PDF
FY2020$451.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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