COLORADO STATE UNIVERSITY FOUNDATI… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

ALLEN PADILLA

Phone

9704917135

Tax Period

2024-07-01 to 2025-06-30

COLORADO STATE UNIVERSITY FOUNDATION, founded in 1970, is a major nonprofit in the Education sector that reported $117.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.8M, a strong 21% operating margin.

Mission

COLORADO STATE UNIVERSITY FOUNDATION ASSISTS IN THE PROMOTION, DEVELOPMENT, AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND ENHANCEMENTS OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). THIS IS ACCOMPLISHED THROUGH RECEIVING, MANAGING, AND INVESTING GIFTS. PRINCIPAL AND/OR INCOME FROM THESE GIFTS ARE USED FOR SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES WHICH DIRECTLY OR INDIRECTLY AID AND BENEFIT CSU.

Program Service Accomplishments

Program 1

Expenses: $80,225,348 Revenue: $0

CSU FOUNDATION ASSISTED IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND OPPORTUNITIES OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU)...

CSU FOUNDATION ASSISTED IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND OPPORTUNITIES OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). DURING THE YEAR, THE FOUNDATION TRANSFERRED APPROXIMATELY $79,000,000 TO CSU AND AFFILIATES. BECAUSE OF THIS AID, CSU WAS ABLE TO AWARD SCHOLARSHIPS AND FELLOWSHIPS TO ITS STUDENTS; PROVIDE FOR ACADEMIC AND INSTRUCTIONAL SUPPORT, RESEARCH EFFORTS, INSTITUTIONAL SUPPORT; AND OPERATION AND MAINTENANCE OF FACILITIES AND EQUIPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $94,621,717

Program Service Revenue $0

Investment Income $18,332,547

Other Revenue $4,280,682

TOTAL REVENUE $117,234,946

Expense Breakdown

Grants Paid $79,217,346

Salaries & Benefits $3,131,516

Fundraising Expenses $0

Program Expenses $80,225,348

Other Expenses $10,087,797

TOTAL EXPENSES $92,436,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,234,946	$96,897,506	+0.2%
Expenses	$92,436,659	$89,313,101	+0.0%
Net Income	$24,798,287	$7,584,405	+2.3%

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

Volunteers

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

$936,418

Total Directors

$447,119

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KLEMZ	DIRECTOR	1.00	Director	$0	$0	$0
RIC THOMAS	DIRECTOR/PAST CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT THISTED	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DIEHL	DIRECTOR	1.00	Director	$0	$0	$0
LUKE DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
MARK SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DEB DEMUTH	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE MARTINEZ	DIRECTOR/VICE CHAIR	1.00	Officer Director	$0	$0	$0
MORRIS PRICE	DIRECTOR	1.00	Director	$0	$0	$0
JIM DETTERICK	DIRECTOR	1.00	Director	$0	$0	$0
CHERI O'NEILL	PRESIDENT/CEO	40.00	Officer Director	$382,032	$65,087	$447,119
ALLEN PADILLA	VICE PRESIDENT/CFO	40.00	Officer	$263,447	$77,252	$340,699
SARA CAMPBELL	SECRETARY	40.00	Officer	$111,826	$36,774	$148,600
DIPEN PATEL	DIRECTOR OF INFORMATION SYSTEMS	40.00	Highest	$158,429	$48,117	$206,546
TERILYN LARSON	CONTROLLER	40.00	Highest	$169,826	$46,611	$216,437
RILLA WILLIAMS	DIRECTOR OF BUSINESS DATA	40.00	Highest	$117,055	$28,531	$145,586
MARIE DONDLINGER	ASSISTANT CONTROLLER	40.00	Highest	$101,004	$29,518	$130,522

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
2025	$117,234,946	$92,436,659	$864,944,732	$24,798,287
2024	$96,897,506	$89,313,101	$789,972,616	$7,584,405
2023	$89,557,511	$90,881,779	$751,934,427	$-1,324,268
2022	$163,322,590	$72,279,922	$706,044,439	$91,042,668
2021	$183,413,484	$72,922,929	$732,500,299	$110,490,555
2020	$76,359,569	$76,846,762	$573,710,619	$-487,193
2019	$91,973,650	$76,455,598	$571,727,939	$15,518,052

COLORADO STATE UNIVERSITY FOUNDATION