Colorado Health Benefit Exchange
Also known as Connect for Health Colorado
Colorado Health Benefit Exchange reported $72.3 million in revenue and $59.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.76 went to program services, $16.22 to management and general costs and $0.02 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.2% of the total. The highest compensation it reported for one person was $439,305 (CHIEF EXECUTIVE OFFICER). 75 people received more than $100,000 in reportable compensation. Revenue rose 59% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $59MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $72MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.8% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.2% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.2% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $439,305 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.74% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 75 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 11.7 | 6.6 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 45.00 hrs/week | $398,905 | $0 | $40,400 | $439,305 |
| CHIEF FINANCIAL OFFICER Officer, 45.00 hrs/week | $292,599 | $0 | $62,162 | $354,761 |
| CHIEF INNOVATION OFFICER Officer, 45.00 hrs/week | $295,531 | $0 | $56,074 | $351,605 |
| CHIEF HUMAN RESOURCES AND TRAINING OFFICER Highest compensated employee, 41.00 hrs/week | $292,056 | $0 | $50,750 | $342,806 |
| GENERAL COUNSEL/COMPLIANCE OFFICER Highest compensated employee, 41.00 hrs/week | $255,772 | $0 | $52,926 | $308,698 |
| SENIOR DIRECTOR OF CUSTOMER AND ISSUER OPERATIONS Highest compensated employee, 45.00 hrs/week | $201,500 | $0 | $45,693 | $247,193 |
| CHIEF PRODUCT OFFICER Key employee, 45.00 hrs/week | $200,488 | $0 | $39,262 | $239,750 |
| DIRECTOR OF SOFTWARE DEVELOPMENT Highest compensated employee, 41.28 hrs/week | $188,523 | $0 | $44,623 | $233,146 |
75 people received more than $100,000 in reportable compensation from Colorado Health Benefit Exchange (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5242
- Volunteers Part I, line 612
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CGI Technology development | $8,167,892 |
| HIRE CONNECTIONS Customer service | $3,696,228 |
| QUANTA INTELLIGENCE Tech and business intelligence | $627,912 |
| COMPRI CONSULTING Product development | $373,950 |
| BURKSCOMM Outreach | $228,474 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Colorado Health Benefit Exchange's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Colorado Health Benefit Exchange, you can publish a response that is linked from this page.
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Of every $100 Colorado Health Benefit Exchange spent in FY2025, $83.76 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Colorado Health Benefit Exchange's spending goes to programs?
In the fiscal year ending June 30, 2025, Colorado Health Benefit Exchange reported that 83.8% of its $59.3 million in expenses went to program services, 16.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Colorado Health Benefit Exchange pay its top executive?
The largest total compensation Colorado Health Benefit Exchange reported for one person in the fiscal year ending June 30, 2025 was $439,305, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Colorado Health Benefit Exchange get its money?
Of $72.3 million in revenue in the fiscal year ending June 30, 2025, 7.3% came from contributions and grants and 91.2% from program service revenue (Form 990, Part VIII).
Is Colorado Health Benefit Exchange a registered charity?
The IRS lists EIN 45-3733823 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611119349301131 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541149349300239 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411349349306046 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331229349302303 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221319349303772 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101319349302410 · read the filing
All filings for EIN 45-3733823: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.