COLORADO HEALTH BENEFIT EXCHANGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$60,286,142
Program Services
87%
Contributions
11%
Investments
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$53,991,039
Salaries & Benefits
47%
Other
42%
Depreciation
8%
Fees to Service Providers
2%
Offices, Occupancy & IT
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,889,743
$6,785,366
-2%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$45,067,036
$52,733,483
+17%
Membership Dues
$0
$0
-
Investments
$395,216
$600,356
+52%
Other
$40,917
$166,937
+308%
Total Revenues
$52,392,912
$60,286,142
+15%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,355,800
$25,354,821
+25%
Fees to Service Providers
$1,133,657
$973,045
-14%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$985,730
$708,357
-28%
Interest
$0
$0
-
Depreciation
$4,731,879
$4,282,735
-9%
Other
$22,857,024
$22,672,081
-1%
Total Expenses
$50,064,090
$53,991,039
+8%
Net income
2023
2024
Change
Net income
+$2,328,822
+$6,295,103
+170%
Functional Expenses
Summary
2023
2024
Change
Program
$44,285,823
$47,405,847
+7%
Admin
$5,769,245
$6,575,365
+14%
Fundraising
$9,022
$9,827
+9%
Total Expenses
$50,064,090
$53,991,039
+8%
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