Colorado Health Insurance Cooperative Inc
Public records raise at least one point you should look into before giving.
What it says it does
TO IMPROVE THE HEALTH OF INDIVIDUALS AND COMMUNITIES THROUGH TRUSTED PARTNERSHIPS WITH MEMBERS, EMPLOYERS AND PROVIDERS.
- Income
- $508,389
- Spending
- $54,987
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- COLORADO HEALTHOP WAS FORMED AND GRANTED A FEDERAL START-UP LOAN TO START A HEALTH INSURANCE COOPERATIVE UNDER THE AFFORDABLE CARE ACT IN 2012. ACTIVITIES OF THE ORGANIZATION IN 2012 AND 2013 WERE FUNDED THROUGH THE FEDERAL START-UP LOAN AND INCLUDED BUILDING THE OPERATIONAL INFRASTRUCTURE, OBTAINING A CERTIFICATE OF AUTHORITY FROM THE COLORADO DIVISION OF INSURANCE, DESIGNING BENEFIT PLANS, ESTABLISHING NETWORK ADEQUACY, AND PERFORMING OUTREACH AND AWARENESS OF A NEW HEALTH INSURANCE COMPANY IN THE COLORADO MARKET. COLORADO HEALTHOP BEGAN SELLING INDIVIDUAL AND SMALL GROUP INSURANCE POLICIES ON OCTOBER 1, 2013 WITH EFFECTIVE DATES OF JANUARY 1, 2014 AND CONTINUED TO SELL INDIVIDUAL AND SMALL GROUP HEALTH INSURANCE POLICIES ON AND OFF THE COLORADO HEALTH EXCHANGE (CONNECT FOR HEALTH COLORADO) DURING 2015. IN 2016, THE COMPANY WAS DECLARED INSOLVENT AND PLACED INTO COURT ORDERED LIQUIDATION. IN 2019, THE COMPANY RECEIVED BOTH A REINSURANCE RECOVERY AND PROCEEDS FROM THE SALE OF THE RISK CORRIDOR RECEIVABLE THAT WILL BE USED TO PAY OUTSTANDING CLAIMS. OTHER DISTRIBUTIONS WERE RECEIVED IN 2023.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(29) organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(29) organization as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2013.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.