Civic Intelligence

Craig Hospital

990 • Fiscal year 2017 • EIN 84-0404233

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 07, 2018

3425 S Clarkson StreetEnglewood, CO 80113

(303) 789-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.22x

Higher debt load relative to assets than 35% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

44th percentile

0.48x

Higher debt load relative to revenue than 44% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

67th percentile

9.5%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

51st percentile

$900,717

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

44th percentile

5.4%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-2.2%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$253,027,229

Up $12,874,043 (+5.4%) from 2016

Net Assets

Up

$197,346,863

Up $14,118,378 (+7.7%) from 2016

Liabilities

Down

$55,680,366

Down $1,244,335 (-2.2%) from 2016

Revenue

Down

$115,593,371

Down $2,651,079 (-2.2%) from 2016

Expenses

Up

$104,663,174

Up $9,628,146 (+10%) from 2016

Net Income

Down

$10,930,197

Down $12,279,225 (-53%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $116,380,467Liabilities 2010: $23,550,797Net Assets 2010: $92,829,6702010Assets 2011: $121,568,773Liabilities 2011: $23,031,483Net Assets 2011: $98,537,2902011Assets 2012: $132,405,697Liabilities 2012: $22,252,380Net Assets 2012: $110,153,3172012Assets 2013: $181,025,359Liabilities 2013: $53,996,682Net Assets 2013: $127,028,6772013Assets 2014: $203,264,951Liabilities 2014: $57,793,380Net Assets 2014: $145,471,5712014Assets 2015: $214,408,843Liabilities 2015: $57,522,329Net Assets 2015: $156,886,5142015Assets 2016: $240,153,186Liabilities 2016: $56,924,701Net Assets 2016: $183,228,4852016Assets 2017: $253,027,229Liabilities 2017: $55,680,366Net Assets 2017: $197,346,8632017Assets 2018: $278,583,812Liabilities 2018: $67,007,089Net Assets 2018: $211,576,7232018Assets 2019: $291,086,578Liabilities 2019: $67,077,563Net Assets 2019: $224,009,0152019Assets 2020: $299,366,858Liabilities 2020: $63,945,713Net Assets 2020: $235,421,1452020Assets 2021: $326,326,510Liabilities 2021: $71,522,008Net Assets 2021: $254,804,5022021Assets 2022: $301,488,926Liabilities 2022: $69,548,745Net Assets 2022: $231,940,1812022Assets 2023: $345,081,377Liabilities 2023: $69,387,010Net Assets 2023: $275,694,3672023Assets 2024: $380,157,877Liabilities 2024: $68,364,862Net Assets 2024: $311,793,0152024

Highlighted filing

2017

Assets$253,027,229
Liabilities$55,680,366
Net Assets$197,346,863

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0Expenses 2010: $70,818,8752010Expenses 2011: $68,459,6622011Expenses 2012: $72,505,5232012Expenses 2013: $75,821,1102013Revenue 2014: $98,863,367Expenses 2014: $80,075,551Net Income 2014: $18,787,8162014Revenue 2015: $101,765,009Expenses 2015: $87,666,024Net Income 2015: $14,098,9852015Revenue 2016: $118,244,450Expenses 2016: $95,035,028Net Income 2016: $23,209,4222016Revenue 2017: $115,593,371Expenses 2017: $104,663,174Net Income 2017: $10,930,1972017Revenue 2018: $125,031,632Expenses 2018: $109,993,642Net Income 2018: $15,037,9902018Revenue 2019: $132,022,748Expenses 2019: $120,213,735Net Income 2019: $11,809,0132019Revenue 2020: $125,594,368Expenses 2020: $119,452,992Net Income 2020: $6,141,3762020Revenue 2021: $140,875,727Expenses 2021: $130,928,010Net Income 2021: $9,947,7172021Revenue 2022: $145,367,230Expenses 2022: $140,762,178Net Income 2022: $4,605,0522022Revenue 2023: $159,031,792Expenses 2023: $149,675,811Net Income 2023: $9,355,9812023Revenue 2024: $164,777,920Expenses 2024: $159,932,944Net Income 2024: $4,844,9762024

Highlighted filing

2017

Revenue$115,593,371
Expenses$104,663,174
Net Income$10,930,197
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 7, 2018
Return Version
2016v3.0
Gross Receipts
$137,579,987
Mission and Program Overview

Mission

Craig hospital is a 93-bed, long-term acute care and rehabilitation hospital that provides care exclusively for patients with spinal cord and traumatic brain injury. The hospital provides a comprehensive system of inpatient and outpatient medical care, rehabilitation, neurosurgical, rehabiltative care, and long-term follow-up services.

Craig advocates for and provides exceptional patient and family centered care for those affected by spinal cord and brain injury. Together we bravely strive for optimal health, independence, and life quality with unyielding determination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$125,837,751$127,336,605▲ $1,498,854
Investments in Publicly Traded Securities$64,445,853$81,164,135▲ $16,718,282
Accounts Receivable$24,545,777$26,183,628▲ $1,637,851
Savings and Temporary Cash Investments$13,472,912$8,115,028▼ $5,357,884
Cash and Non-Interest-Bearing Accounts$7,332,114$5,292,331▼ $2,039,783
Prepaid Expenses and Deferred Charges$1,521,146$2,077,254▲ $556,108
Pledges and Grants Receivable$333,158$677,698▲ $344,540
Inventories for Sale or Use$570,811$524,002▼ $46,809
Total Assets$240,153,186$253,027,229▲ $12,874,043
Other Assets Total$2,093,664$1,656,548▼ $437,116
Liabilities
Tax Exempt Bond Liabilities$35,665,000$34,510,965▼ $1,154,035
Accounts Payable and Accrued Expenses$21,259,701$21,169,401▼ $90,300
Other Liabilities$0$0→ $0
Total Liabilities$56,924,701$55,680,366▼ $1,244,335
Net Assets / Fund Balance
Unrestricted Net Assets$183,228,485$197,346,863▲ $14,118,378
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$183,228,485$197,346,863▲ $14,118,378
Total Liabilities and Net Assets / Fund Balance$240,153,186$253,027,229▲ $12,874,043

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$93,847,821$24,650,206$118,498,027
Equipment$19,759,917$33,124,268$52,884,185
Land$7,651,753-$7,651,753
Other Land Buildings$6,077,114$410,273$6,487,387
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,040,090$100,500▲ $416,902$34,092$4,523,400
2015$2,807,998$984,511▲ $274,587$27,006$4,040,090
2014$3,089,373$258,681▼ $99,635$440,421$2,807,998
2013$2,980,065$8,000▲ $166,189$64,881$3,089,373
2012$1,610,984$1,421,364▲ $249,411$301,694$2,980,065
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike FordycePresident & CEOFT$381,408$519,309$900,717
Julie KeeganVP FinanceFT$226,524$125,867$352,391
Dana PolonskyVP Clinical ServicesFT$187,328$132,217$319,545
Diane ReinhardVP Patient CareFT$183,903$129,925$313,828
Mary FellerExecutive Director-foundation-$180,187$39,099$219,286
Kenny HosackDirector provider Relations & MarketingFT$150,686$65,700$216,386
Cynthia Harrison-felixDirector ResearchFT$152,214$51,290$203,504
Chris WatkinsDirector ItFT$151,381$46,252$197,633
Amy GoldsteinDirector PharmacyFT$137,823$52,707$190,530

Board Members and Trustees

NameTitle
Justin MoningerChair
Hugh RicePast Chair
Bob LadenburgerVice Chair
Bill LindseyDirector
Eric FeaglerDirector
Erin EiseleinDirector
Gerry Lewis JenkinsDirector
Jim RoddyDirector
John KurathDirector
Ken KelleyDirector
Marilyn TaylorDirector
Molly RauziDirector
Nan HintonDirector
Tom BalazyDirector
Colleen FaddickSecretary
Todd MunsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ge Johnson ConstructionConstruction Services25 N CASCADE AVENUE, Colorado Springs, CO 80903$11,596,377
Swedish Medical CenterMedical Services501 E HAMPDEN AVENUE, Englewood, CO 80113$10,566,415
Cns Medical GroupMedical Director And ResearchDEPT 710924, Denver, CO 80271$1,078,383
-Flooring Services4900 E PACIFIC PLACE, Denver, CO 80222$589,845
-Software Support Services12405 GRANT STREET, Thornton, CO 80241$408,262
Revenue and Support

Revenue Composition

Contributions and Grants
$9,470,263
Program Service Revenue
$101,797,534
Investment Income
$1,645,075
Other Revenue
$2,680,499
All Other Contributions
$122,104
Change in Net Assets
$10,930,197

Audited Revenue Reconciliation

Revenue per Audited Statements
$114,908,456
Revenue Not Reported on Financial Statements
$684,915
Revenue Not Reported on Form 990
$3,332,806
Other Revenue Adjustments
$524,932
Total Revenue per Audited Statements
$118,241,262
Total Revenue per Form 990
$115,593,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$63,506,588
Other Expenses$40,971,152
Total Fundraising Expense$1,547,296
Grants and Similar Amounts Paid$185,434
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$39,054,464$7,267,368$1,068,687$47,390,519
Fees for Services Other$11,509,389$1,213,730$15,241$12,738,360
Depreciation Depletion$6,738,740$1,935,629$0$8,674,369
Other Employee Benefits$6,189,303$1,577,170$183,434$7,949,907
Payroll Taxes$2,815,605$529,777$75,893$3,421,275
Information Technology$0$3,034,292$0$3,034,292
Pension Plan Contributions$2,554,010$439,068$0$2,993,078
Occupancy$1,653,621$307,698$0$1,961,319
Current Officers, Directors, Trustees, and Key Employees$0$1,751,809$0$1,751,809
Interest$0$1,452,513$0$1,452,513
Office Expenses$597,853$679,833$103,338$1,381,024
Advertising$0$1,123,904$64,509$1,188,413
Other Expenses$660,587$103,488$10,614$774,689
Travel$232,365$340,731$4,631$577,727
Insurance$1,131$336,821$0$337,952
Fees for Services Legal$0$265,544$6,142$271,686
All Other Expenses$115,320$120,020$1,787$237,127
Grants to Domestic Orgs$185,434--$185,434
Fees for Service Investment Mgmnt Fees$0$159,983$0$159,983
Fees for Services Accounting$0$80,619$11,254$91,873
Fees for Services Lobbying$0$82,996$0$82,996
Conferences and Meetings$0$51,684$1,564$53,248
Total Functional Expenses$80,212,406$22,903,472$1,547,296$104,663,174

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$104,663,174
Total Expenses per Audited Statements$104,122,912
Expenses per Audited Statements$103,978,259
Expenses Not Reported on Financial Statements$684,915
Other Expense Adjustments$524,932
Expenses Not Reported on Form 990$144,653
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brain Injury Alliance of ColoradoDenver, CO501(c)(3)Sponsorship$16,100
Phamaly Theatre CompanyDenver, CO501(c)(3)Sponsorship$15,000
St Anthony Health FoundationLakewood, CO501(c)(3)Sponsorship$15,000
Colorado Neurological InstituteEnglewood, CO501(c)(3)Sponsorship$11,000
United States Brain Injury AllianceAlexandria, VA501(c)(3)Sponsorship$10,500
American Heart AssociationPrescott, AZ501(c)(3)Sponsorship$10,000
Chanda Plan FoundationLakewood, CO501(c)(3)Annual Support$10,000
Wings Over the Rockies Air & Space MusuemDenver, CO501(c)(3)Annual sponsorship$10,000
Denver Metro Chamber Leadership FoundationDenver, CO501(c)(3)Sponsorship$7,000
National Sports Center for the DisabledDenver, CO501(c)(3)Sponsorship$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Health Facilities Authority2012-12-03$40,071,072Hospital Expansion & Refund 2003 Bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$40,071,072$7,980,000$2,620,000$558,654

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Prior to filing with the IRS, the Form 990 and related schedules were presented, reviewed and approved by the Finance/Audit Committee of the Board of Directors. Copies were also distributed to the full Board along with a report from the Finance/Audit Committee.

Form 990, Part VI, Section B, Line 12C

All Board members, Vice Presidents and Director-Level positions complete a duality of interest form annually and any disclosures are brought to the attention of the Board of Directors.

Form 990, Part VI, Section B, Line 15

The Executive Committee commissions an independent compensation consulting firm every 2-3 years to conduct a study of compensation of the key leadership positions within the Hospital utilizing data from both local and national hospitals. This data was utilized by the Executive Committee when it approves the compensation of the President/CEO and other top management positions within the Hospital. All of the details of the deliberation and decision making process are documented in the Executive Committee meeting minutes.

Form 990, Part VI, Section C, Line 19

The Hospital's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Craig Hospital
EIN
84-0404233
Phone
3037898000
Address
3425 S CLARKSON STREET, ENGLEWOOD, CO 80113

Signing Officer

Name
Julie Keegan
Title
VP Finance
Phone
3037898443
Signed
2018-08-07

Organization Details

Principal Officer
Michael Fordyce
Formed
1910
Legal Domicile
Co
Voting Board Members
15
Independent Board Members
14
Employees
1,132
Volunteers
225
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 11A

Yes

Form 990, Part IX, Line 11G

Program Services: Contracted Medical Services $9,173,410, Consulting Services $31,270, Medical Director Services $879,840, Laundry Services $345,260, Misc Purchased Services $513,733, Contract Labor $211,571, Other Services $354,305. Total Other Fees for Program Services $11,509,389. Management and General Expenses: Consulting Services $373,153, Misc Purchased Services $242,311, Contract Labor $321,625, Other Services $276,641. Total Other Fees for Management and General Expenses $1,213,730. Fundraising Expenses: Consulting Services $8,500, Misc Purchased Services $384, Other Services $6,357. Total Other Fees for Fundraising $15,241.

Financial Statement Notes

Schedule D, Part V, Line 4

Endowment funds which are held by the Craig Hospital Foundation, a related organization, serve a variety of purposes including supporting graduates (former patients), ensuring excellence of Craig Hospital and general purpose.

Schedule D, Part X, Line 2

The Hospital applies a more-than-likely not measurement to reflect the consolidated financial statement impact of uncertain tax provisions taken or expected to be taken on a tax return. After evaluating the tax positions taken, none are considered uncertain; therefore no amounts have been recognized as of Sept 30, 2017 and 2016. If incurred, interest and penalties with the tax positions are recorded in the period assessed in other programs and costs. No interest and penalties have been recorded as of Sept 30, 2017 and 2016.

Schedule D, Part XI, Line 2D

Misc Reclass -7; Occupancy and depreciation expense allocated to Rental Income 144,631

Schedule D, Part XI, Line 4B

Research expenses funded by Craig Hospital Foundation

Schedule D, Part XII, Line 2D

Misc Reclass 22; Occupancy and depreciation expense allocated to Rental Income

Schedule D, Part XII, Line 4B

Research expenses funded by Craig Hospital Foundation.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP CLINICAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP PATIENT CARE
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR IT
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR RESEARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIR-PROVIDER RELATIONS & MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR-FOUNDATION
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR PHARMACY
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$380$68.4$312$165$160$4.84
2023Detailed filing. Detailed filing data is available for this year.$345$69.4$276$159$150$9.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$301$69.5$232$145$141$4.61
2021Detailed filing. Detailed filing data is available for this year.$326$71.5$255$141$131$9.95
2020Detailed filing. Detailed filing data is available for this year.$299$63.9$235$126$119$6.14
2019Detailed filing. Detailed filing data is available for this year.$291$67.1$224$132$120$11.8
2018Detailed filing. Detailed filing data is available for this year.$279$67.0$212$125$110$15.0
2017Detailed filing. Detailed filing data is available for this year.$253$55.7$197$116$105$10.9
2016Detailed filing. Detailed filing data is available for this year.$240$56.9$183$118$95.0$23.2
2015Detailed filing. Detailed filing data is available for this year.$214$57.5$157$102$87.7$14.1
2014Detailed filing. Detailed filing data is available for this year.$203$57.8$145$98.9$80.1$18.8
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$181$54.0$127$75.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$132$22.3$110$72.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$122$23.0$98.5$68.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$116$23.6$92.8$70.8