COLORADO OPEN GOLF FOUNDATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

KEVIN LAURA

Phone

3034868500

Tax Period

2023-01-01 to 2023-12-31

COLORADO OPEN GOLF FOUNDATION INC, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023. Expenses of $1.8M left a modest 6% surplus.

Mission

TO GENERATE AWARENESS, SPORTSMANSHIP, AND RECREATION FOR YOUTH ORIENTED SPORTS WITH THE GAME OF GOLF.

Program Service Accomplishments

Program 1

Expenses: $1,115,608 Revenue: $311,580

CONDUCTED COLORADO OPEN GOLF CHAMPIONSHIPS TO PROMOTE THE GAME AND SPORTSMANSHIP ASSOCIATED WITH THE GAME OF GOLF. THESE TOURNAMENTS WERE THE COLORADO OPEN GOLF CHAMPIONSHIP, THE COLORADO WOMEN'S...

CONDUCTED COLORADO OPEN GOLF CHAMPIONSHIPS TO PROMOTE THE GAME AND SPORTSMANSHIP ASSOCIATED WITH THE GAME OF GOLF. THESE TOURNAMENTS WERE THE COLORADO OPEN GOLF CHAMPIONSHIP, THE COLORADO WOMEN'S OPEN, AND THE COLORADO SENIOR OPEN.

Program 2

Expenses: $53,484 Revenue: $60,280

INSTRUCTED CHILDREN IN THE VALUES OF LIFE ASSOCIATED WITH THE GAME OF GOLF.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,387,591

Program Service Revenue $371,860

Investment Income $128,896

Other Revenue $0

TOTAL REVENUE $1,888,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $431,006

Fundraising Expenses $78,377

Program Expenses $1,169,092

Other Expenses $1,335,632

TOTAL EXPENSES $1,766,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,888,347	$1,780,784	+0.1%
Expenses	$1,766,638	$1,727,271	+0.0%
Net Income	$121,709	$53,513	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

185

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$174,311

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY GREENBLATT	CHAIR	1.00	Officer Director	$0	$0	$0
KELLY REIDY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVE SIMON	TREASURER/VI	1.00	Officer Director	$0	$0	$0
JAKE GILMORE	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS NORDLING	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
PATRICK HAMILL	FOUNDER	1.00	Officer Director	$0	$0	$0
MICHAEL ACKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON ADDLESPERGER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BARTKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MILES CORTEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FINDLOW	DIRECTOR	1.00	Director	$0	$0	$0
KYLEE GLASER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRETT HANDLER	DIRECTOR	1.00	Director	$0	$0	$0
MATT HANSON	DIRECTOR	1.00	Director	$0	$0	$0
KHADIJA HAYNES	DIRECTOR	1.00	Director	$0	$0	$0
JIM HILLARY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA KING	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY LAM	DIRECTOR	1.00	Director	$0	$0	$0
GARY LEEPER	DIRECTOR	1.00	Director	$0	$0	$0
AL MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ED MATE	DIRECTOR	1.00	Director	$0	$0	$0
CATHY MATTHEWS-KANE	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA RINGSBY	DIRECTOR	1.00	Director	$0	$0	$0
JIM ROMANO	DIRECTOR	1.00	Director	$0	$0	$0
MATT TEETERS	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LAURA	CEO	40.00	Officer	$0	$3,842	$84,856
JULIE BRYANT	EXECUTIVE DI	40.00	Officer	$0	$4,339	$89,455

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,888,347	$1,766,638	$2,696,810	$121,709
2022	$1,780,784	$1,727,271	$4,196,058	$53,513
2021	$1,603,447	$1,388,749	$3,987,949	$214,698
2020	$1,627,041	$1,337,089	$2,222,846	$289,952
2019	$1,870,374	$1,454,076	$1,778,457	$416,298
2018	$1,609,995	$1,382,237	$1,279,805	$227,758