Colorado Springs Utilities Foundation (EIN 208643063) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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 $1,018,531

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

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

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

$1,025,218

Total Directors

$2,342,458

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Travas Deal	Director (To 4/2023)	Director	$0	$76,466	$543,574
Lisa Barbato	Director (From 05/2023)	Director	$0	$69,797	$409,865
Tristan Gearhart	Treasurer	Officer Director	$0	$76,002	$407,835
Mike Francolino	President	Officer Director	$0	$73,030	$399,166
Renee Adams	Director	Director	$0	$72,883	$363,801
Natalie Lovell	Secretary	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

Colorado Springs Utilities Foundation