Civic Intelligence

Rocky Mountain Health Care Services

EIN 84-0765729 • 501(c)3 • Colorado Springs, CO

Profile

The mission at rocky mountain health care services is improving lives, optimizing wellness, and promoting independence for seniors.

8595 Explorer DriveColorado Springs, CO 80920

www.rmhcare.org

Siviq Scores

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

Liabilities / Assets

40th percentile

0.18x

Higher debt load relative to assets than 40% of similar nonprofits.

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

Liabilities / Revenue

19th percentile

0.12x

Higher debt load relative to revenue than 19% of similar nonprofits.

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

Net Margin

59th percentile

7.8%

Higher net margin than 59% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$517,400

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

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

Asset Growth

82nd percentile

16%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

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

Assets

Up

$80,562,364

Up $11,288,354 (+16%) from 2023

Liabilities

Up

$14,222,379

Up $1,328,691 (+10%) from 2023

Net Assets

Up

$66,339,985

Up $9,959,663 (+18%) from 2023

Revenue

Up

$122,700,822

Up $16,306,767 (+15%) from 2023

Expenses

Up

$113,186,520

Up $13,048,451 (+13%) from 2023

Net Income

Up

$9,514,302

Up $3,258,316 (+52%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $5,287,324Liabilities 2010: $2,754,289Net Assets 2010: $2,533,0352010Assets 2011: $7,856,671Liabilities 2011: $3,813,326Net Assets 2011: $4,043,3452011Assets 2012: $8,945,635Liabilities 2012: $4,044,414Net Assets 2012: $4,901,2212012Assets 2013: $14,104,230Liabilities 2013: $7,523,127Net Assets 2013: $6,581,1032013Assets 2014: $16,440,627Liabilities 2014: $9,074,533Net Assets 2014: $7,366,0942014Assets 2015: $22,958,925Liabilities 2015: $13,668,244Net Assets 2015: $9,290,6812015Assets 2016: $26,126,901Liabilities 2016: $12,885,177Net Assets 2016: $13,241,7242016Assets 2017: $31,791,982Liabilities 2017: $14,364,229Net Assets 2017: $17,427,7532017Assets 2018: $34,103,574Liabilities 2018: $15,524,386Net Assets 2018: $18,579,1882018Assets 2019: $33,525,298Liabilities 2019: $8,664,073Net Assets 2019: $24,861,2252019Assets 2020: $43,771,781Liabilities 2020: $9,995,271Net Assets 2020: $33,776,5102020Assets 2021: $54,427,395Liabilities 2021: $12,715,734Net Assets 2021: $41,711,6612021Assets 2022: $60,593,474Liabilities 2022: $11,932,097Net Assets 2022: $48,661,3772022Assets 2023: $69,274,010Liabilities 2023: $12,893,688Net Assets 2023: $56,380,3222023Assets 2024: $80,562,364Liabilities 2024: $14,222,379Net Assets 2024: $66,339,9852024

Highlighted filing

2024

Assets$80,562,364
Liabilities$14,222,379
Net Assets$66,339,985

Operations Trend

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

$150M$100M$50M$0Expenses 2010: $9,304,0732010Expenses 2011: $11,121,2642011Expenses 2012: $13,975,8862012Revenue 2013: $17,574,794Expenses 2013: $15,999,990Net Income 2013: $1,574,8042013Revenue 2014: $21,526,285Expenses 2014: $20,626,120Net Income 2014: $900,1652014Revenue 2015: $27,346,653Expenses 2015: $25,442,806Net Income 2015: $1,903,8472015Revenue 2016: $38,430,104Expenses 2016: $34,479,061Net Income 2016: $3,951,0432016Revenue 2017: $47,648,429Expenses 2017: $43,462,400Net Income 2017: $4,186,0292017Revenue 2018: $57,401,913Expenses 2018: $56,250,478Net Income 2018: $1,151,4352018Revenue 2019: $64,378,335Expenses 2019: $58,096,296Net Income 2019: $6,282,0392019Revenue 2020: $74,329,057Expenses 2020: $65,830,256Net Income 2020: $8,498,8012020Revenue 2021: $83,852,044Expenses 2021: $76,870,763Net Income 2021: $6,981,2812021Revenue 2022: $97,698,232Expenses 2022: $88,947,168Net Income 2022: $8,751,0642022Revenue 2023: $106,394,055Expenses 2023: $100,138,069Net Income 2023: $6,255,9862023Revenue 2024: $122,700,822Expenses 2024: $113,186,520Net Income 2024: $9,514,3022024

Highlighted filing

2024

Revenue$122,700,822
Expenses$113,186,520
Net Income$9,514,302

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$80.6$14.2$66.3$123$113$9.51
2023Detailed filing. Detailed filing data is available for this year.$69.3$12.9$56.4$106$100$6.26
2022Detailed filing. Detailed filing data is available for this year.$60.6$11.9$48.7$97.7$88.9$8.75
2021Detailed filing. Detailed filing data is available for this year.$54.4$12.7$41.7$83.9$76.9$6.98
2020Detailed filing. Detailed filing data is available for this year.$43.8$10.00$33.8$74.3$65.8$8.50
2019Detailed filing. Detailed filing data is available for this year.$33.5$8.66$24.9$64.4$58.1$6.28
2018Detailed filing. Detailed filing data is available for this year.$34.1$15.5$18.6$57.4$56.3$1.15
2017Detailed filing. Detailed filing data is available for this year.$31.8$14.4$17.4$47.6$43.5$4.19
2016Detailed filing. Detailed filing data is available for this year.$26.1$12.9$13.2$38.4$34.5$3.95
2015Detailed filing. Detailed filing data is available for this year.$23.0$13.7$9.29$27.3$25.4$1.90
2014Detailed filing. Detailed filing data is available for this year.$16.4$9.07$7.37$21.5$20.6$0.90
2013Detailed filing. Detailed filing data is available for this year.$14.1$7.52$6.58$17.6$16.0$1.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.95$4.04$4.90$14.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.86$3.81$4.04$11.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$2.75$2.53$9.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 7, 2025
Return Version
2024v5.1
Gross Receipts
$146,903,909
Mission and Program Overview

Mission

Improving lives, optimizing wellness, and promoting independence for elderly and adults with brain injuries.

Providing proactive healthcare and social services that help older adults maintain independence through personalized, preventive care and coordinated support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,993,948$34,091,785▲ $9,097,837
Investments in Publicly Traded Securities$16,644,688$20,491,864▲ $3,847,176
Cash and Non-Interest-Bearing Accounts$16,136,187$15,087,729▼ $1,048,458
Savings and Temporary Cash Investments$8,898,850$7,754,685▼ $1,144,165
Prepaid Expenses and Deferred Charges$1,518,993$1,835,970▲ $316,977
Accounts Receivable$915,439$1,016,272▲ $100,833
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$69,274,010$80,562,364▲ $11,288,354
Other Assets Total$165,905$284,059▲ $118,154
Liabilities
Accounts Payable and Accrued Expenses$12,685,082$13,870,185▲ $1,185,103
Other Liabilities$165,904$284,059▲ $118,155
Deferred Revenue$42,702$68,135▲ $25,433
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
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$12,893,688$14,222,379▲ $1,328,691
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$56,380,322$66,339,985▲ $9,959,663
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$56,380,322$66,339,985▲ $9,959,663
Total Liabilities and Net Assets / Fund Balance$69,274,010$80,562,364▲ $11,288,354

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,788,318$4,146,515$32,934,833
Equipment$2,766,947$4,035,659$6,802,606
Land$2,433,520-$2,433,520
Other Land Buildings$103,000$0$103,000
Leasehold Improvements$0$13,900$13,900
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nathan C OlsonChief Executive OfficerFT$421,648$95,752$517,400
Amy McdowellChief Medical Officer - Ended 2/2024FT$64,681$232,946$297,627
Paul AmmatelliChief Medical Officer - Beginning 3/2024FT$232,018$63,007$295,025
Samuel OgdenPace PhysicianFT$232,446$48,985$281,431
Mark HartmanChief Operating OfficerFT$226,231$52,032$278,263
Paul R MasarChief Financial OfficerFT$208,315$63,648$271,963
Robert MillerChief Human Resources OfficerFT$179,551$44,550$224,101
Melissa KerrChief Experience OfficerFT$177,254$38,767$216,021

Board Members and Trustees

NameTitle
Dayton RomeroBoard Chair
Shawn ThompsonBoard Chair - Term Ended 1/2024
John HoelscherBoard Vice Chair
Dan NordbergBoard Member at Large
Jay OlsonBoard Member at Large
Jim HarrisBoard Member at Large
Rachel SorensonBoard Member at Large
Rose Ann ScibonaBoard Member at Large
Terry DuncanBoard Member at Large - Beginning 10/2024
Takiyah JemisonBoard Member at Large - Beginning 5/2024
Patricia YatesBoard Member at Large - Term Ended 10/2024
Helen CameronSecretary
Shirley MartinezSecretary - Term Ended 5/2024
Jim FlynnTreasurer
Dave KastTreasurer - Term Ended 1/2024

Highest Paid Contractors

ContractorServicesLocationCompensation
Trhc Tpa LLCPharmacy Benefit Management Services228 Strawbridge Drive, Moorsetown, NJ 08057$18,823,121
Building Services Management Company LLCBuilding Services25 N Cascade Ave Ste 400, Colorado Springs, CO 80903$7,631,218
Uch-mhs Memorial Health SystemHospital/medicalPO BOX 732029, Dallas, TX 75373$5,250,213
Penrose HospitalHospital/medicalPO BOX 800022, Kansas City, MO 64180$3,089,743
Invaserv LLCHospital/medical1201 S ALMA SCHOOL DR STE 400, Mesa, AZ 85210$2,161,166
Revenue and Support

Revenue Composition

Contributions and Grants
$500,988
Program Service Revenue
$119,226,735
Investment Income
$2,388,543
Other Revenue
$584,556
All Other Contributions
$35,205
Change in Net Assets
$9,514,302

Audited Revenue Reconciliation

Revenue per Audited Statements
$122,700,822
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$489,794
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$123,190,616
Total Revenue per Form 990
$122,700,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,728,964
Salaries, Compensation, and Employee Benefits$39,427,056
Grants and Similar Amounts Paid$30,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$39,843,474$118,736$0$39,962,210
Other Salaries and Wages$23,256,718$4,577,378$0$27,834,096
Other Employee Benefits$5,759,602$842,507$0$6,602,109
Payroll Taxes$2,368,976$346,530$0$2,715,506
Information Technology$1,637,987$50,069$0$1,688,056
Depreciation Depletion$897,233$751,852$0$1,649,085
Pension Plan Contributions$1,053,599$154,119$0$1,207,718
Office Expenses$1,090,582$33,336$0$1,123,918
Current Officers, Directors, Trustees, and Key Employees$892,053$175,574$0$1,067,627
Occupancy$820,176$25,071$0$845,247
Insurance$524,938$16,046$0$540,984
Travel$383,061$11,709$0$394,770
Advertising$339,650$8,409$0$348,059
Other Expenses$178,490$5,456$0$183,946
All Other Expenses$102,298$0$0$102,298
Fees for Services Accounting$21,872$65,616$0$87,488
Conferences and Meetings$54,989$1,681$0$56,670
Grants to Domestic Orgs$30,500--$30,500
Fees for Services Legal$3,701$11,105$0$14,806
Interest$0$4,672$0$4,672
Fees for Services Lobbying$0$2,000$0$2,000
Total Functional Expenses$105,930,128$7,256,392$0$113,186,520

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$113,230,953
Expenses per Audited Statements$113,186,520
Total Expenses per Form 990$113,186,520
Expenses Not Reported on Form 990$44,433
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Silver Key Senior ServicesColorado Springs, CO501(c)(3)Guardianship Support.$30,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$101,639
Fundraising Direct Expenses$44,433
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chef Showcase$126,839$101,639$18,582$83,057
Event 2-$0-$0
Total Events$126,839$101,639$44,433$57,206
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board Member BusinessThree Ten LLC Leases Space to RmhcsNo$50,946

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
Federal Income Taxes$284,059
Lease Liability-
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 35% controlled entity
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A EXECUTIVE COMMITTEE RESPONSIBILITY

An executive committee consisting of the board chair, vice chair, treasurer, and secretary, who also serve on the governing body of the organization, has the power to act on behalf of the board of directors on routine matters that arise between regular board meetings and in urgent situations that cannot wait for the next full board meeting.

Form 990, Part VI, Line 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER MANAGEMENT OFFICIALS

The ceo sets management salaries also utilizing the organization's compensation plan and current compensation survey data. The chief human resources officer is responsible for compiling the compensation plan and bases it on national market survey data.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Form 990 is prepared by an independent cpa firm and reviewed in detail by the audit and finance committee of the board of directors. The committee recommends approval/acceptance to the full board. At their next scheduled meeting, the full board reviews and approves the 990 based on recommendation of the audit and finance committee.

Form 990, Part VI, Line 12C Conflict of interest policy

Board members and key employees complete a statement regarding conflicts of interest annually. These statements are reviewed by the appropriate supervisor or board president. Any potential conflicts of interest are resolved using processes documented in the policy.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The executive committee of the board reviews the ceo annually and sets compensation utilizing the organization's compensation plan established using current market compensation survey data. The compensation amount and approval are documented in the board minutes. The ceo sets other management salaries also utilizing the organization's compensation plan and current compensation survey data. The chief human resources officer is responsible for compiling the compensation plan and bases it on national market survey data.

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents, conflict of interest policy, and financial statements are all available upon request.

Filing and Contact Details

Filer

Filer Name
Rocky Mountain Health Care Services
EIN
84-0765729
Phone
7193142327
Address
8595 Explorer Drive, Colorado Springs, CO 80920

Signing Officer

Name
Nathan C Olson
Title
CEO
Phone
7193142327
Signed
2025-10-07
Discuss with paid preparer
Yes

Organization Details

Formed
1978
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
588
Volunteers
19

Preparer

Firm
Forvis Mazars LLP
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith
Phone
7194714290
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

LONG-TERM CARE SERVICES - Total Expense: 7395100, Program Service Expense: 7395100, Management and General Expenses: , Fundraising Expenses: ; HOSPITAL - GENERAL INPATIENT - Total Expense: 5890354, Program Service Expense: 5890354, Management and General Expenses: , Fundraising Expenses: ; ASSISTED LIVING SERVICES - Total Expense: 6389681, Program Service Expense: 6389681, Management and General Expenses: , Fundraising Expenses: ; HOSPITAL - GENERAL OUTPATIENT - Total Expense: 2162713, Program Service Expense: 2162713, Management and General Expenses: , Fundraising Expenses: ; SHORT-TERM CARE SERVICES - Total Expense: 2058981, Program Service Expense: 2058981, Management and General Expenses: , Fundraising Expenses: ; HOSPICE SERVICES - Total Expense: 3368350, Program Service Expense: 3368350, Management and General Expenses: , Fundraising Expenses: ; MEDICAL SPECIALISTS - Total Expense: 2138445, Program Service Expense: 2138445, Management and General Expenses: , Fundraising Expenses: ; CONTRACT SERVICES - Total Expense: 502993, Program Service Expense: 502993, Management and General Expenses: , Fundraising Expenses: ; EMERGENCY ROOM SERVICES - Total Expense: 1962415, Program Service Expense: 1962415, Management and General Expenses: , Fundraising Expenses: ; DIALYSIS SERVICES - Total Expense: 757585, Program Service Expense: 757585, Management and General Expenses: , Fundraising Expenses: ; HOSPITAL- ANCILLARY INPATIENT - Total Expense: 750031, Program Service Expense: 750031, Management and General Expenses: , Fundraising Expenses: ; DIAGNOSTIC SERVICES IMAGING - Total Expense: 520806, Program Service Expense: 520806, Management and General Expenses: , Fundraising Expenses: ; AMBULANCE TRANSPORT - Total Expense: 1088688, Program Service Expense: 1088688, Management and General Expenses: , Fundraising Expenses: ; DENTAL EXAMS & SERVICES - Total Expense: 790427, Program Service Expense: 790427, Management and General Expenses: , Fundraising Expenses: ; HOSPITAL - PSYCHIATRIC SERVICES - Total Expense: 188154, Program Service Expense: 188154, Management and General Expenses: , Fundraising Expenses: ; DIAGNOSTIC SERVICES - LAB - Total Expense: 508604, Program Service Expense: 508604, Management and General Expenses: , Fundraising Expenses: ; VARIOUS OTHER SERVICES - Total Expense: 3129078, Program Service Expense: 3129078, Management and General Expenses: , Fundraising Expenses: ; ENVIRONMENTAL SERVICES - Total Expense: 359805, Program Service Expense: 241069, Management and General Expenses: 118736, Fundraising Expenses: ;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The organization has been recognized as exempt from income taxes under section 501 of the internal revenue code and a similar provision of state law. However the organization is subject to federal income tax on any unrelated business taxable income. The organization files tax returns in the u.s. Federal jurisdiction.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Special Event Expense - 44433

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Special Event Expense - 44433

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IRS990/Desc0THE PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) IS A NATIONAL MANAGED CARE PROGRAM OPERATED THROUGH FUNDING FROM MEDICARE, MEDICAID AND OTHER FEDERAL AGENCIES ON A PER MEMBER PER MONTH BASIS. AT ROCKY MOUNTAIN PACE, OUR GOAL IS TO KEEP SENIORS 55 AND OLDER IN OUR COMMUNITY INDEPENDENT AND ACTIVE FOR AS LONG AS POSSIBLE. OUR RESOURCES AT PACE ALLOW US TO PROVIDE COMPREHENSIVE CARE TO MEET ALL HEALTH CARE NEEDS OF OUR PARTICIPANTS, RANGING FROM PRIMARY AND SPECIALTY MEDICAL CARE TO HOME HEALTH CARE, AS WELL AS PROVIDING PHYSICAL THERAPY AND TRANSPORTATION TO MEDICAL AND DENTAL APPOINTMENTS. WE FOCUS ON SOCIALIZATION AND RECREATION OPPORTUNITIES THROUGH OUR DAY CENTER. IN 2024, THE PACE PROGRAM PROVIDED 12,356 MEMBER MONTHS OF SERVICE TO 1,064 INDIVIDUAL PARTICIPANTS.
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