Delta Dental of Colorado 2021 Annual Report
Delta Dental of Colorado is a nonprofit dental benefits company with the mission of improving the oral health of the communities we serve. We take that mission very seriously, and through the collaboration of the company and our foundation, we continually strive to get access to quality oral health services for as many people as possible. Mile High Smile Power™ is the basis for everything we do. We know the power of a smile and the power of a healthy mouth. It’s something we want to make sure all Coloradans can achieve. This year, we wanted to let the data around our work—from the number of lives we cover across the state and how often they are receiving important preventive care to how active our team members are in the community and the funding assistance we are providing to community health organizations to provide dental services—tell the story of our impact.
Helen Drexler
President and CEO
86.0¢on DENTAL CLAIMS
PAYMENTS
11.6¢on ADMINISTRATIVE COSTS,
including BROKER COMMISSIONS
1.6¢on COMMUNITY ENGAGEMENT
and GRANTS
Balance SheetYears Ended December 31 (in thousands) |
||
Assets | 2021 | 2020 |
---|---|---|
Cash and investments | $109,381 | $66,892 |
Accounts receivable, net | 28,619 | 26,956 |
Property and equipment, net and other assets | 5,334 | 14,676 |
Total Assets | $143,334 | $108,524 |
Liabilities | ||
Unpaid claim reserves | 20,478 | 20,780 |
Accounts payable and accrued liabilities | 17,915 | 26,059 |
Total Liabilities | $38,393 | $49,839 |
Reserves | ||
Company reserves, unrestricted | 104,941 | 61,685 |
Total Liabilities & Reserves | $143,334 | $108,524 |
Statement of Operations & Changes in Reserves |
||
Total revenue from operations | $465,023 | $430,900 |
COVID-19 premium credits | — | (16,349) |
Net investment income | 11,020 | 2,868 |
Total Revenue | $476,043 | $417,419 |
Benefits for services to members and operating expenses | 456,183 | 409,020 |
COVID-19 relief efforts | — | 7,255 |
Grants and community engagement expenditures | 7,045 | 6,400 |
Dividend to ensemble innovation ventures | — | 38,000 |
Net Change in Reserves | 12,815 | (43,256) |