Civic Intelligence

Peak Vista Community Health Centers

EIN 84-0617567 • 501(c)3 • Colorado Springs, CO

Profile

To provide exceptional healthcare to people facing access barriers through clinical programs and education, serving over 74,000 people living in the Pikes Peak and East Central Regions of Colorado through 28 health centers spread across 20 service locations. Peak Vista offers numerous ancillary services and programs to benefit our patients to include: First Visitor which provides information to parents and caregivers before and after their baby is born with trained volunteers making home visits designed to connect parents with community resources and early childhood materials. Health education supports patients with management of chronic diseases such as diabetes, high blood pressure, obesity and asthma. The two pharmacy locations provide easy access to counseling and medications. Well Child Waiting Areas welcome healthy children into a secure and child-friendly environment so that patients can attend clinical appointments without the worry of finding outside childcare.

3205 N ACADEMY BLVD Suite 130Colorado Springs, CO 80917

www.peakvista.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

47th percentile

0.24x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

0.22x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

23rd percentile

-3.1%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$523,178

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

9th percentile

-7.2%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-0.2%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$102,577,721

Down $7,981,117 (-7.2%) from 2023

Liabilities

Down

$24,313,553

Down $2,722,537 (-10%) from 2023

Net Assets

Down

$78,264,168

Down $5,258,580 (-6.3%) from 2023

Revenue

Down

$111,382,980

Down $263,903 (-0.2%) from 2023

Expenses

Up

$114,787,540

Up $3,630,226 (+3.3%) from 2023

Net Income

Down

-$3,404,560

Down $3,894,129 (-795%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $36,453,062Liabilities 2010: $10,413,301Net Assets 2010: $26,039,7612010Assets 2011: $35,314,170Liabilities 2011: $7,397,527Net Assets 2011: $27,916,6432011Assets 2012: $45,267,856Liabilities 2012: $15,145,317Net Assets 2012: $30,122,5392012Assets 2013: $53,920,607Liabilities 2013: $21,883,430Net Assets 2013: $32,037,1772013Assets 2014: $68,121,151Liabilities 2014: $24,846,922Net Assets 2014: $43,274,2292014Assets 2015: $72,379,224Liabilities 2015: $21,370,346Net Assets 2015: $51,008,8782015Assets 2016: $73,651,584Liabilities 2016: $20,620,328Net Assets 2016: $53,031,2562016Assets 2017: $78,392,914Liabilities 2017: $20,359,765Net Assets 2017: $58,033,1492017Assets 2018: $81,423,199Liabilities 2018: $20,456,841Net Assets 2018: $60,966,3582018Assets 2019: $82,098,732Liabilities 2019: $19,919,181Net Assets 2019: $62,179,5512019Assets 2020: $91,806,358Liabilities 2020: $25,388,394Net Assets 2020: $66,417,9642020Assets 2021: $101,706,738Liabilities 2021: $23,239,617Net Assets 2021: $78,467,1212021Assets 2022: $112,454,124Liabilities 2022: $29,863,487Net Assets 2022: $82,590,6372022Assets 2023: $110,558,838Liabilities 2023: $27,036,090Net Assets 2023: $83,522,7482023Assets 2024: $102,577,721Liabilities 2024: $24,313,553Net Assets 2024: $78,264,1682024

Highlighted filing

2024

Assets$102,577,721
Liabilities$24,313,553
Net Assets$78,264,168

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $43,408,6682010Expenses 2011: $45,683,1212011Expenses 2012: $48,940,2262012Revenue 2013: $55,584,889Expenses 2013: $53,743,351Net Income 2013: $1,841,5382013Revenue 2014: $71,442,713Expenses 2014: $61,750,265Net Income 2014: $9,692,4482014Revenue 2015: $78,897,730Expenses 2015: $70,135,508Net Income 2015: $8,762,2222015Revenue 2016: $82,010,487Expenses 2016: $79,313,931Net Income 2016: $2,696,5562016Revenue 2017: $86,835,505Expenses 2017: $82,052,424Net Income 2017: $4,783,0812017Revenue 2018: $94,359,817Expenses 2018: $91,388,906Net Income 2018: $2,970,9112018Revenue 2019: $98,520,475Expenses 2019: $97,575,746Net Income 2019: $944,7292019Revenue 2020: $100,069,305Expenses 2020: $95,896,456Net Income 2020: $4,172,8492020Revenue 2021: $110,168,435Expenses 2021: $98,202,613Net Income 2021: $11,965,8222021Revenue 2022: $107,344,215Expenses 2022: $102,717,872Net Income 2022: $4,626,3432022Revenue 2023: $111,646,883Expenses 2023: $111,157,314Net Income 2023: $489,5692023Revenue 2024: $111,382,980Expenses 2024: $114,787,540Net Income 2024: -$3,404,5602024

Highlighted filing

2024

Revenue$111,382,980
Expenses$114,787,540
Net Income-$3,404,560

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$103$24.3$78.3$111$115$3.40
2023Summary only. Only limited summary data is available for this year.$111$27.0$83.5$112$111$0.49
2022Summary only. Only limited summary data is available for this year.$112$29.9$82.6$107$103$4.63
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$23.2$78.5$110$98.2$12.0
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.8$25.4$66.4$100$95.9$4.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.1$19.9$62.2$98.5$97.6$0.94
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.4$20.5$61.0$94.4$91.4$2.97
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.4$20.4$58.0$86.8$82.1$4.78
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.7$20.6$53.0$82.0$79.3$2.70
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.4$21.4$51.0$78.9$70.1$8.76
2014Summary only. Only limited summary data is available for this year.$68.1$24.8$43.3$71.4$61.8$9.69
2013Detailed filing. Detailed filing data is available for this year.$53.9$21.9$32.0$55.6$53.7$1.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.3$15.1$30.1$48.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.3$7.40$27.9$45.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.5$10.4$26.0$43.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$132,673,657
Mission and Program Overview

Mission

To provide exceptional healthcare to people facing access barriers through clinical programs and education, serving over 94,000 people living in the Pikes Peak and East Central Regions of Colorado through 26 health centers spread across 20 service locations.

TO PROVIDE EXCEPTIONAL HEALTHCARE TO PEOPLE FACING ACCESS BARRIERS THROUGH CLINICAL PROGRAMS AND EDUCATION. Continued on Sch O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$46,095,806$43,571,433▼ $2,524,373
Savings and Temporary Cash Investments$21,894,514$21,912,059▲ $17,545
Cash and Non-Interest-Bearing Accounts$19,751,893$20,977,948▲ $1,226,055
Accounts Receivable$12,847,613$11,953,886▼ $893,727
Inventories for Sale or Use$2,031,905$1,827,161▼ $204,744
Prepaid Expenses and Deferred Charges$2,145,154$1,187,176▼ $957,978
Pledges and Grants Receivable$3,592,488$1,130,650▼ $2,461,838
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$108,429,413$102,577,721▼ $5,851,692
Other Assets Total$70,040$17,408▼ $52,632
Liabilities
Tax Exempt Bond Liabilities$18,864,143$18,325,295▼ $538,848
Accounts Payable and Accrued Expenses$7,916,049$5,835,316▼ $2,080,733
Other Liabilities$230,554$152,942▼ $77,612
Deferred Revenue$23,228$0▼ $23,228
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$27,033,974$24,313,553▼ $2,720,421
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$80,829,903$78,176,433▼ $2,653,470
Net Assets With Donor Restrictions$565,536$87,735▼ $477,801
Total Net Assets Fund Balance$81,395,439$78,264,168▼ $3,131,271
Total Liabilities and Net Assets / Fund Balance$108,429,413$102,577,721▼ $5,851,692

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,113,986$23,631,808$60,745,794
Equipment$2,800,406$10,530,683$13,331,089
Land$3,657,041-$3,657,041

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,823,524-▲ $264,784$61,241$2,027,067
2023$1,512,587-▲ $310,937-$1,823,524
2022$1,693,971-▼ $181,384-$1,512,587
2021$1,610,636-▲ $83,335-$1,693,971
2020$1,545,072$0▲ $65,564-$1,610,636
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffery D McCutcheonPhysicianFT$473,875$49,303$523,178
Emily PtaszekPresident & CEOFT$457,034$51,327$508,361
Kazunari KunoPhysicianFT$440,906$46,548$487,454
Lawrence P O'ConnellMedical DirectorFT$358,815$1,777$402,041
Joel TanakaChief Medical OfficerFT$345,539$68,576$391,786
Amy ClaussPhysicianFT$359,008$50,821$377,796
Robert NartkerChief Operating OfficerFT$293,120$35,885$361,864
Manuel RodriguezPhysicianFT$299,276$42,753$339,820
Ryan SpillaneChief Financial OfficerFT$235,809$50,709$268,781

Board Members and Trustees

NameTitle
Ray NunnBoard Chairperson
Dennis Smialek DVMVice Chairperson
David FairleyBoard Member
Fadi YoukhanaBoard Member
John EastmanBoard Member
Lelia Gibson-GreenBoard Member
Mary Lynn SheetzBoard Member
Rev Clifton TurnerBoard Member
Rocio Monserrate RodriguezBoard Member
Santiago Bob DuranBoard Member
Stella HodgkinsBoard Member
Marianne HorvathSecretary
Bill SandenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
340B Technologiessoftware & support315 Madison STE 1804, New York, NY 10017$1,507,556
Baker And King Security Services LlSecurity Services19 N TEJON ST SUITE 335, Colorado Springs, CO 80903$612,320
CloudMed Solutionssoftware & support420 MONTGOMERY, San Francisco, CA 94104$443,864
Call 4 HealthnurseCall-in Nurse/triage2822 S Congress Ave Suites A B, Delray Beach, FL 33445$213,359
Riviera Electric LLCElectrical contract18985 BASE CAMP ROAD UNTI B-6, Monument, CO 80132$100,645
Revenue and Support

Revenue Composition

Contributions and Grants
$17,740,386
Program Service Revenue
$75,262,493
Investment Income
$1,370,430
Other Revenue
$17,009,671
All Other Contributions
$1,303,172
Change in Net Assets
$-3,404,560

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies1$3,799,095Fair Market Value (FMV) - See Part II
Clothing and Household Goods-$38,480Cost
Total Noncash Contributions1$3,837,575-

Audited Revenue Reconciliation

Revenue per Audited Statements
$111,340,106
Revenue Not Reported on Financial Statements
$42,874
Revenue Not Reported on Form 990
$920,927
Total Revenue per Audited Statements
$112,261,033
Total Revenue per Form 990
$111,382,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$76,484,170
Other Expenses$38,303,370
Total Fundraising Expense$254,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,757,308$5,146,775$199,585$61,103,668
Other Employee Benefits$6,263,958$955,351$19,115$7,238,424
Information Technology$2,303,487$3,183,264$3,292$5,490,043
Payroll Taxes$4,346,334$453,024$16,576$4,815,934
Fees for Services Other$3,240,234$1,069,543$913$4,310,690
Occupancy$1,318,544$1,994,784$5$3,313,333
Depreciation Depletion$1,467,975$1,617,634$181$3,085,790
Office Expenses$1,386,588$731,566-$2,118,154
Pension Plan Contributions$1,632,065$154,931$8,355$1,795,351
Current Officers, Directors, Trustees, and Key Employees$753,651$777,142-$1,530,793
Insurance$489,369$167,407$948$657,724
Fees for Services Legal$307,359$229,785$453$537,597
Interest$308,951$147,993$453$457,397
Other Expenses$224,796$170,597$21$395,393
Conferences and Meetings$219,504$109,932$4,088$333,524
Fees for Services Accounting$136,775$38,826$107$175,708
Travel$132,926$20,314$604$153,844
Advertising$10,725$47,649$1$58,375
Fees for Service Investment Mgmnt Fees-$42,874-$42,874
All Other Expenses$18,890$4,181-$23,071
Fees for Services Lobbying$1,827$5-$1,832
Total Functional Expenses$97,441,973$17,090,870$254,697$114,787,540

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$115,392,304
Total Expenses per Form 990$114,787,540
Expenses per Audited Statements$114,744,666
Expenses Not Reported on Form 990$647,638
Expenses Not Reported on Financial Statements$42,874
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$286,508
Fundraising Direct Expenses$199,299
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Break, Of Champ$335,785$286,507$21,458$265,049
Total Events$335,785$286,507$199,299$87,208
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Financing Lease Liability$136,202
Operating Lease Liability$16,740

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Health Facilities Authority2020-08-14$23,500,000see part vi

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$22,518,575$0$3,934,939$328,981

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
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
Business relationship with 35% controlled entity
No
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 11 B

The cfo of the organization distributes a pdf copy of the 990 return to all board members for review and comment prior to being filed.

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

Peak Vista Community Health Centers' compliance plan and bylaws contain policies on conflict of interest. In order to ensure that conflicts of interest are disclosed, board members and leadership sign a disclosure statement when first appointed or employed and annually thereafter. Human Resources distribute the disclosure statements to leadership and the CEO's staff ensures that the statement is given to the board of directors. Any new board member or leadership staff is given education on the conflict of interest policy. If at any time during the year a potential conflict of interest arises, board members are required to inform those charged with approving the transaction of the conflict, disclose any material facts and excuse themselves from discussion and voting as appropriate.

Form 990, Part VI, Section B, Line 15 A&B

Determination of salaries of highly compensated employees at Peak Vista Community Health Centers are determined by making salary comparisons of similar positions at community health centers and other similar agencies in the state, Federal Region VIII, national and a survey of Mountain States salaries. From this analysis, a proposal is made to the CEO, Executive Vice President, Chief Financial Officer, Chief Medical Officer, and the Chief of Human Resources Officer, and the proposal is accepted or adjustments are made as appropriate based on budget constraints. The CEO's salary comparison is completed by external independent experts and reviewed and approved by the Board of Directors.

Form 990, Part VI, Section C, Line 19

As a healthcare center, some records are not open to the public. however, THE healthcare center WILL PROVIDE IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS INCLUDING ITS CONFLICT-OF-INTEREST POLICY, WHEN REQUESTED IN WRITING OR IN PERSON. additionally, Peak Vista Community Health Centers produces an annual report for the public highlighting key events which also includes a financial summary.

Filing and Contact Details

Filer

Filer Name
Peak Vista Community Health Centers
EIN
84-0617567
In Care Of
% PEAK VISTA CHC
Phone
7193446188
Address
3205 N ACADEMY BLVD Suite 130, COLORADO SPRINGS, CO 80917

Signing Officer

Name
Ryan Spillane
Title
CFO
Phone
7193443188
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Spillane
Formed
1971
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
967
Volunteers
43

Preparer

Firm
Sorren Inc
Address
102 N CASCADE AVENUE SUITE 400, COLORADO SPRINGS, CO 80903
Preparer
Doreen B Merz
Phone
7196301186
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Peak Vista Community Health Centers' mission is to provide exceptional healthcare to people facing access barriers through clinical programs and education. Peak Vista served over 74,000 people living in the Pikes Peak and East Central regions of Colorado in 2024. Peak Vista's niche in these regions' health care marketplace is as a non-profit multi-specialty outpatient provider of quality integrated medical, dental and behavioral health primary care services, mostly for working families. In this role, Peak Vista has endeavored to serve populations that are under or uninsured as well as those on public programs. Partnerships are a significant component of Peak Vista's ability to successfully meet its mission. Peak Vista frequently collaborates with organizations of similar mission to better serve our mutual populations.

Form 990, Part III, Line 3

During 2024 Peak Vista Community Health Centers closed the Residency Program.

FORM 990, PART X, column (A), lines 1, 7, 27, 28

Column (a) beginning year balance: line 1 cash, line 7 accounts payable, line 27 net assets without donor restrictions, and line 28 net assets with donor restriction were adjusted to remove the peak vista community health center foundation's accounts that had been reported within the consolidated totals of the filing organization. During 2023, there was a re-structuring of the accounting records.

Form 990, Part XII, Line 2C

The organization has an audit committee that assumes responsibility for selecting the independent auditor for the financial statement audit. This process has not changed from prior years.

Financial Statement Notes

Schedule D, Part V, Line 4

Endowment funds are used to support the operations of Peak Vista Community Health Center.

SCHEDULE D, PART X, line 2

Both Peak Vista and the Foundation are exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and qualify for the charitable contribution deduction. The organization believes that it does not have any uncertain tax positions that are material to the financial statements.

Schedule D, Part XI Line 2D

other: RENTAL EXPENSES - INCLUDED IN 990 INCOME: $ 163,239 Reclass Fundraising Expenses $ 199,299 __________ $ 362,538

schedule D, part XII, line 2D

other: RENTAL EXPENSES - INCLUDED IN 990 INCOME: $ 163,239 Reclass Fundraising Expenses $ 199,299 __________ $ 362,538

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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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