Colorado Springs Utilities Foundation

EIN: 208643063 501(c)(3) Religion

Colorado Springs, CO

Total Revenue
$1,095,981
Total Expenses
$1,174,111
Total Assets
$3,407,422
Net Assets
$3,387,630
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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
2007
Legal Domicile
CO
Principal Officer
Natalie Lovell
Phone
7196683835
Tax Period
2023-01-01 to 2023-12-31

Colorado Springs Utilities Foundation, founded in 2007, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $3.4M represent 37 months of operating reserves.

Mission

TO OPERATE EXCLUSIVELY FOR PUBLIC, CHARITABLE, OR EDUCATIONAL PURPOSES TO BENEFIT THE COLORADO SPRINGS UTILITIES COMMUNITY AND THE COMMUNITIES THAT ARE SIGNIFICANTLY AFFECTED BY OPERATIONS OF COLORADO SPRINGS UTILITIES.

Program Service Accomplishments

Program 1
Expenses: $1,171,975

THE PROJECT COPE PROGRAM PROVIDED EMERGENCY UTILITY BILL FINANCIAL ASSISTANCE TO RESIDENTIAL CUSTOMERS OF COLORADO SPRINGS UTILITIES. THROUGH PARTNERSHIPS WITH TEN NONPROFIT AGENCIES, THE FOUNDATION...

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THE PROJECT COPE PROGRAM PROVIDED EMERGENCY UTILITY BILL FINANCIAL ASSISTANCE TO RESIDENTIAL CUSTOMERS OF COLORADO SPRINGS UTILITIES. THROUGH PARTNERSHIPS WITH TEN NONPROFIT AGENCIES, THE FOUNDATION PROVIDED ASSISTANCE TO 1701 HOUSEHOLDS TO HELP KEEP THEIR ENERGY AND WATER SERVICES ACTIVE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,018,531
Program Service Revenue $0
Investment Income $77,450
Other Revenue $0
TOTAL REVENUE $1,095,981

Expense Breakdown

Grants Paid $1,171,975
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,171,975
Other Expenses $2,136
TOTAL EXPENSES $1,174,111

Year-over-Year Comparison

2023 2022 Change
Revenue $1,095,981 $1,186,701 -0.1%
Expenses $1,174,111 $455,020 +1.6%
Net Income $-78,130 $731,681 -1.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$1,025,218
Total Directors
6
$2,342,458
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Travas Deal Director (To 4/2023) 0.0
Director
$0 $76,466 $543,574
Lisa Barbato Director (From 05/2023) 0.0
Director
$0 $69,797 $409,865
Tristan Gearhart Treasurer 0.0
Officer Director
$0 $76,002 $407,835
Mike Francolino President 0.0
Officer Director
$0 $73,030 $399,166
Renee Adams Director 0.0
Director
$0 $72,883 $363,801
Natalie Lovell Secretary 0.0
Officer Director
$0 $49,963 $218,217
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 $1,095,981 $1,174,111 $3,407,422 $-78,130
2022 $1,186,701 $455,020 $3,477,939 $731,681
2021 $1,147,424 $1,156,595 $2,751,625 $-9,171
2020 $1,248,291 $578,960 $2,757,532 $669,331
2019 $964,666 $1,123,412 $2,093,587 $-158,746
2018 $681,768 $1,062,975 $2,251,499 $-381,207
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