Nonprofit · EIN 45-3733823
COLORADO HEALTH BENEFIT EXCHANGE
Tax-exempt · DENVER, CO 80237
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $72,273,797 | $59,284,311 | $12,989,486 | $72,790,021 | $14,768,932 | $58,021,089 |
| June 30, 2024 | 990 | $60,286,142 | $53,991,039 | $6,295,103 | $55,485,461 | $10,453,858 | $45,031,603 |
| June 30, 2023 | 990 | $52,392,912 | $50,064,090 | $2,328,822 | $48,762,811 | $10,026,311 | $38,736,500 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,281,579
- Program service revenue
- $65,885,333
- Investment income
- $1,103,669
- Net gain from sales of assets
- $271,497
- Other revenue
- $3,216
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,431,065
- Other salaries and wages
- $17,648,679
- Salaries, compensation and benefits (total)
- $25,968,057
- Professional fundraising fees
- $0
- Legal fees
- $20,894
- Accounting fees
- $494,632
- Occupancy
- $468,496
- Travel
- $104,133
- Depreciation
- $4,644,275
- Program services (functional)
- $49,658,517
- Management and general (functional)
- $9,615,488
- Fundraising (functional)
- $10,306
Balance sheet and other
- Total assets, start of year
- $55,485,461
- Total assets, end of year
- $72,790,021
- Total liabilities, end of year
- $14,768,932
- Net assets, end of year
- $58,021,089
- Land, buildings and equipment
- $18,976,991
- Publicly traded securities
- $21,155,609
- Net assets without donor restrictions
- $39,384,354
- Net assets with donor restrictions
- $18,636,735
- Gross receipts
- $72,273,797
- Employees
- 242
- Volunteers
- 12
- Year formed
- 2011
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN PATTERSON | CHIEF EXECUTIVE OFFICER Officer | 45 | $398,905 | $40,400 |
| BRIAN BRAUN | CHIEF FINANCIAL OFFICER Officer | 45 | $292,599 | $62,162 |
| KELLY GUTHNER | CHIEF INNOVATION OFFICER Officer | 45 | $295,531 | $56,074 |
| RENATA ROBINSON | CHIEF HUMAN RESOURCES AND TRAINING OFFICER Highest-paid employee | 41 | $292,056 | $50,750 |
| ALAN SCHMITZ | GENERAL COUNSEL/COMPLIANCE OFFICER Highest-paid employee | 41 | $255,772 | $52,926 |
| JUSTIN BRANDON | SENIOR DIRECTOR OF CUSTOMER AND ISSUER OPERATIONS Highest-paid employee | 45 | $201,500 | $45,693 |
| KATHERINE DAVIES | CHIEF PRODUCT OFFICER Key employee | 45 | $200,488 | $39,262 |
| WILLIAM SCHWARTZ | DIRECTOR OF SOFTWARE DEVELOPMENT Highest-paid employee | 41.28 | $188,523 | $44,623 |
| MOLLY MCCLURG | DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $184,450 | $29,119 |
| NINA SCHWARTZ | CHIEF POLICY AND EXTERNAL AFFAIRS OFFICER Key employee | 42 | $176,907 | $30,116 |
| DICK THOMPSON | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MARA BAER | BOARD CHAIR-ELECT Trustee or director, Officer | 3 | $0 | $0 |
| ANNIE LEE | VICE-CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| LOREZ MEINHOLD | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| CHRISTY BLAKELY | DIRECTOR Trustee or director | 3 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK GORDON | DIRECTOR Trustee or director | 3 | $0 |
| ADAM FOX | DIRECTOR Trustee or director | 3 | $0 |
| ROBERT RUIZ-MOSS | DIRECTOR Trustee or director | 3 | $0 |
| JENNIFER BROOKS | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN PATTERSON | CHIEF EXECUTIVE OFFICER Officer | 41.1 | $363,010 | $45,259 |
| BRIAN BRAUN | CHIEF FINANCIAL OFFICER Officer | 45.4 | $277,609 | $67,207 |
| KELLY GUTHNER | CHIEF INNOVATION OFFICER Officer | 44.6 | $281,931 | $54,956 |
| RENATA ROBINSON | CHIEF HUMAN RESOURCES AND TRAINING OFFICER Highest-paid employee | 45 | $274,530 | $44,654 |
| ALAN SCHMITZ | GENERAL COUNSEL/COMPLIANCE Highest-paid employee | 42.2 | $242,395 | $58,131 |
| KATHERINE DAVIES | SENIOR DIRECTOR OF PRODUCT Highest-paid employee | 42.5 | $201,987 | $39,263 |
| JUSTIN BRANDON | SENIOR DIRECTOR OF CUSTOMER AND ISSUER OPERATIONS Highest-paid employee | 45 | $185,400 | $47,548 |
| WILLIAM SCHWARTZ | DIRECTOR OF SOFTWARE DEVEL Highest-paid employee | 41.3 | $177,194 | $46,981 |
| CHRISTY BLAKELY | DIRECTOR Trustee or director | 3 | $0 | $0 |
| PATRICK GORDON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ANNIE LEE | VICE-CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| LOREZ MEINHOLD | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| DICK THOMPSON | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MARA BAER | BOARD CHAIR-ELECT Trustee or director, Officer | 3 | $0 | $0 |
| ADAM FOX | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ROBERT RUIZ-MOSS | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN PATTERSON | CHIEF EXECUTIVE OFFICER Officer | 41.1 | $317,489 | $36,217 |
| MONICA VANBUSKIRK | CHIEF POLICY & RELATIONSHI Highest-paid employee | 41.4 | $265,820 | $22,661 |
| BRIAN BRAUN | CHIEF FINANCIAL OFFICER Officer | 45.4 | $231,463 | $40,471 |
| KELLY GUTHNER | CHIEF INNOVATION OFFICER Officer | 44.6 | $222,756 | $40,592 |
| ALAN SCHMITZ | GENERAL COUNSEL/COMPLIANCE Highest-paid employee | 42.2 | $192,056 | $36,897 |
| KATHERINE DAVIES | SENIOR DIRECTOR OF PRODUCT Highest-paid employee | 42.5 | $177,004 | $33,908 |
| MICHAEL STEPHAN | PRIVACY & SECURITY OFFICER Highest-paid employee | 42.5 | $179,467 | $28,048 |
| WILLIAM SCHWARTZ | DIRECTOR OF SOFTWARE DEVELOPMENT Highest-paid employee | 41.3 | $177,164 | $19,817 |
| CHRISTY BLAKELY | DIRECTOR Trustee or director | 3 | $0 | $0 |
| PATRICK GORDON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ANNIE LEE | BOARD CHAIR-ELECT Trustee or director | 3 | $0 | $0 |
| LOREZ MEINHOLD | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| DICK THOMPSON | BOARD SECRETARY Trustee or director | 3 | $0 | $0 |
| MARA BAER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ALLISON NESWOOD | DIRECTOR Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4600 S ULSTER ST STE 300, DENVER, CO 80237-3333
- In care of
- % MARTIN E FLAHIVE
- Principal officer (990 for 2024)
- KEVIN PATTERSON, 4600 SOUTH ULSTER STREET NO 300, DENVER, CO 80237
- Signed the 990
- KEVIN PATTERSON, CEO
- Phone
- (720) 496-2530
- Website
- WWW.CONNECTFORHEALTHCO.COM
- Return prepared by
- PLANTE & MORAN PLLC
Mission
THE MISSION OF CONNECT FOR HEALTH COLORADO IS TO INCREASE ACCESS, AFFORDABILITY, AND CHOICE FOR INDIVIDUALS AND SMALL EMPLOYERS PURCHASING HEALTH INSURANCE IN COLORADO. (SEE ON SCHEDULE O)CONNECT FOR HEALTH COLORADO IS INTENDED TO REFLECT THE NEEDS OF OUR STATE, SEEK COLORADO-SPECIFIC SOLUTIONS, AND EXPLORE THE MAXIMUM NUMBER OF OPTIONS AVAILABLE TO THE STATE OF COLORADO IN MEETING THE GOALS OF ACCESS, AFFORDABILITY, AND CHOICE.
Program accomplishments
- THE CONTINUATION OF THE FEDERAL ENHANCED PREMIUM TAX CREDITS AND COLORADO'S COST SHARING REDUCTIONS HELPED LOWER THE COST OF MONTHLY PREMIUMS AND OUT-OF-POCKET COSTS FOR 80% OF OUR CUSTOMERS. THROUGH THESE SAVINGS PROGRAMS AND CONTINUED EFFORTS TO INFORM PEOPLE OF THEIR HEALTH INSURANCE OPTIONS AND AVAILABLE FINANCIAL HELP, C4HCO SAW RECORD ENROLLMENTS THIS YEAR. NEARLY 296,500 COLORADANS SIGNED UP FOR COVERAGE DURING OPEN ENROLLMENT FOR 2025. THIS TOTAL WAS A 19% INCREASE FROM THE PRIOR OPEN ENROLLMENT PERIOD. WITH THE GROWTH IN HEALTH COVERAGE PROVIDED THROUGH C4HCO, THE STATE SAW AN INCREASE OF OVER $300 MILLION IN FEDERAL FINANCIAL HELP. (SEE ON SCHEDULE O)AREAS OF SIGNIFICANT FOCUS THIS YEAR INCLUDED:CUSTOMER OPERATIONS.OUR CUSTOMER SERVICE CENTER CONTINUED TO BUILD ON THE MOMENTUM AND SUCCESS WE EXPERIENCED IN STREAMLINING OPERATIONS LAST YEAR WHEN WE BROUGHT SYSTEMS IN-HOUSE AND CREATED A DEDICATED INTERNAL CUSTOMER SUPPORT TEAM. THANKS TO THESE IMPROVEMENTS AND THE IMPLEMENTATION OF AN INTUITIVE KNOWLEDGE BASE THIS YEAR, THE AVERAGE CALL DURATION DECREASED BY A FULL MINUTE BETWEEN DECEMBER 2023 AND DECEMBER 2024, LEADING TO A CUSTOMER SATISFACTION RATE OF 87% NEARLY 40% HIGHER THAN FIVE YEARS AGO.BROKER AND ASSISTER CUSTOMER SUPPORT.ABOUT 66% OF ALL ENROLLMENTS FOR PLAN YEAR 2025 WERE COMPLETED WITH THE HELP OF A HEALTH INSURANCE BROKER OR ASSISTER. THIS YEAR, WE EXPANDED OUR ASSISTANCE NETWORK, WELCOMING NEW COMMUNITY-BASED REFERRAL PARTNERS, INCLUDING SOCIAL SERVICE AGENCIES AND HEALTH CARE PROVIDERS. ADDITIONALLY, CONNECT FOR HEALTH COLORADO ADDED 17 NEW STOREFRONT LOCATIONS TO PROVIDE ENROLLMENT HELP AT 63 ENROLLMENT CENTERS ACROSS THE STATE. IMPROVEMENTS TO THE BROKER PORTAL ALLOWED FOR SEAMLESS INTEGRATION WITH CUSTOMER INFORMATION AND SPED UP THE ENROLLMENT PROCESS. THESE IMPROVEMENTS CONTRIBUTED TO NEARLY 178,000 CUSTOMERS ENROLLING WITH THE HELP OF A BROKER.MODERNIZING SYSTEMS.WITH AN INCREASED EMPHASIS ON A CUSTOMER'S EXPERIENCE WHEN USING THE MARKETPLACE PLATFORM, C4HCO FOCUSED ON CONTINUING TO MOVE TOWARDS A COMBINED APPLICATION AND SHOPPING/ENROLLMENT PROCESS. ACCOMPLISHMENTS DURING THE YEAR INCLUDED ENHANCEMENTS TO OUR RENEWAL PROCESS, CONTRIBUTING TO 83% OF OUR ENROLLMENTS COMING FROM RETURNING CUSTOMERS. ADDITIONALLY, IMPROVEMENTS WERE MADE TO OUR CUSTOMER PAYMENT AND TESTING PROCESSES.Expenses $49,658,517 · revenue $63,303,039
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3733823
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E80)
- Assets (IRS master file)
- $72,790,021
- Income (IRS master file)
- $72,273,797
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $72,273,797 | $59,284,311 | $72,790,021 | XML |
| 990 | June 2024 | $60,286,142 | $53,991,039 | $55,485,461 | XML |
| 990 | June 2023 | $52,392,912 | $50,064,090 | $48,762,811 | XML |
| 990 | June 2022 | $46,009,200 | $44,649,952 | $43,264,341 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-3733823).
Questions about COLORADO HEALTH BENEFIT EXCHANGE
- What is the EIN of COLORADO HEALTH BENEFIT EXCHANGE?
- The employer identification number (EIN) of COLORADO HEALTH BENEFIT EXCHANGE is 45-3733823.
- Is COLORADO HEALTH BENEFIT EXCHANGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to COLORADO HEALTH BENEFIT EXCHANGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COLORADO HEALTH BENEFIT EXCHANGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COLORADO HEALTH BENEFIT EXCHANGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COLORADO HEALTH BENEFIT EXCHANGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COLORADO HEALTH BENEFIT EXCHANGE?
- The 990 for the year ended June 30, 2025 names KEVIN PATTERSON.
- Who are the officers and directors of COLORADO HEALTH BENEFIT EXCHANGE?
- The 990 for the year ended June 30, 2025 lists 19 people; 10 received compensation from the organization, the highest $398,905 (KEVIN PATTERSON, CHIEF EXECUTIVE OFFICER).
- How much revenue does COLORADO HEALTH BENEFIT EXCHANGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $72,273,797, expenses of $59,284,311 and total assets of $72,790,021 at year end.
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