COLORADO MORTGAGE LENDERS ASSOCIATION (EIN 237323361) - 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

1956

Legal Domicile

Principal Officer

ROD SHUSTER

Phone

3037739565

Tax Period

2023-01-01 to 2023-12-31

COLORADO MORTGAGE LENDERS ASSOCIATION, founded in 1956, is a small nonprofit that reported $561K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $638K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE COLORADO MORTGAGE LENDERS ASSOCIATION IS AN ORGANIZATION COMMITTED TO RESPONSIBLE HOMEOWNERSHIP ACHIEVED THROUGH THE PRACTICE OF INTEGRITY-BASED LENDING. WE SERVE OUR COMMUNITY THROUGH EFFECTIVE EDUCATION, PRINCIPLED REPRESENTATION, AND GRACIOUS NETWORKING TO ADVANCE FREE ENTERPRISE AND THE HIGHEST ETHICAL STANDARDS IN THE MORTGAGE LENDING INDUSTRY.

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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 $211,183

Program Service Revenue $339,494

Investment Income $3,016

Other Revenue $7,104

TOTAL REVENUE $560,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,488

Fundraising Expenses $0

Program Expenses $237,322

Other Expenses $432,076

TOTAL EXPENSES $637,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$560,797	$775,208	-0.3%
Expenses	$637,564	$789,432	-0.2%
Net Income	$-76,767	$-14,224	+4.4%

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

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

Total Directors

$96,361

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY KNECHT	EXECUTIVE DIRECTOR	40.00	Director	$96,361	$0	$96,361
DEB MEOGROSSI	PAST CHAIRMAN (2022/2023)	0.00	Director	$0	$0	$0
KIM FEDERSPIEL	CHAIRMAN	0.00	Officer Director	$0	$0	$0
THOMAS KENNEDY	GOVERNOR	0.00	Director	$0	$0	$0
TODD CROWLEY	GOVERNOR	0.00	Director	$0	$0	$0
BRAD GROVES	GOVERNOR	0.00	Director	$0	$0	$0
STACEY HARDING	GOVERNOR	0.00	Director	$0	$0	$0
GENE HUMPHRIES	GOVERNOR	0.00	Director	$0	$0	$0
JIM HUNTER	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
DAVE LANDIN	GOVERNOR	0.00	Director	$0	$0	$0
PETE LANSING	GOVERNOR	0.00	Director	$0	$0	$0
JEFF MAY	GOVERNOR	0.00	Director	$0	$0	$0
ELIZABETH MILLION	GOVERNOR	0.00	Director	$0	$0	$0
GREG OSBORNE	GOVERNOR	0.00	Director	$0	$0	$0
ANGEL ROMERO	DIRECTOR	0.00	Director	$0	$0	$0
ROD SHUSTER	SECRETARY-TREASURER	0.00	Officer Director	$0	$0	$0
TARA HEALY	GOVERNOR	0.00	Director	$0	$0	$0
TJ LILE	DIRECTOR	0.00	Director	$0	$0	$0
KIM WOODCOCK	PAST PRESIDENT 2022/2023	0.00	Director	$0	$0	$0
COLE SJOHOLM	PRESIDENT	0.00	Officer Director	$0	$0	$0
BRENT IVINSON	GOVERNOR	0.00	Director	$0	$0	$0
CALVIN ANN EVANS	1ST VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
PAUL FRANKE	GOVERNOR	0.00	Director	$0	$0	$0
NATE HALVERSON	DIRECTOR	0.00	Director	$0	$0	$0
CRIS WHITE	GOVERNOR	0.00	Director	$0	$0	$0
MICHELLE BURKE	DIRECTOR	0.00	Director	$0	$0	$0
KATE MURPHY	DIRECTOR	0.00	Director	$0	$0	$0
PAIGE OMOHUNDRO	2ND VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MICHAEL SHERER	DIRECTOR	0.00	Director	$0	$0	$0
LEORA RUZIN	DIRECTOR	0.00	Director	$0	$0	$0
TOM KIMBALL	GOVERNOR	0.00	Director	$0	$0	$0
JULIE PIEPHO	GOVERNOR	0.00	Director	$0	$0	$0
LEAH DIERKS	GOVERNOR	0.00	Director	$0	$0	$0
KEN RICHEY	GOVERNOR	0.00	Director	$0	$0	$0
KALEN RICHEY	DIRECTOR	0.00	Director	$0	$0	$0
DEANN STODDEN	GOVERNOR	0.00	Director	$0	$0	$0
KENNY BURCH	DIRECTOR	0.00	Director	$0	$0	$0
CHERYL BRAUNSCHWEIGER	DIRECTOR	0.00	Director	$0	$0	$0
ANDREA HEBERLEIN	DIRECTOR	0.00	Director	$0	$0	$0
LONNIE JENKINS	DIRECTOR	0.00	Director	$0	$0	$0
AMANDA JONES	DIRECTOR	0.00	Director	$0	$0	$0
BRAD KOSTALNIK	DIRECTOR	0.00	Director	$0	$0	$0
LUANA SLETTEDAHL	DIRECTOR	0.00	Director	$0	$0	$0

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	$560,797	$637,564	$566,988	$-76,767
2022	$775,208	$789,432	$518,058	$-14,224
2021	$607,683	$584,454	$515,286	$23,229
2020	$370,632	$501,644	$485,552	$-131,012
2020	$504,671	$548,872	$496,988	$-44,201
2019	$616,214	$699,729	$595,533	$-83,515
2018	$773,636	$788,326	$677,938	$-14,690

COLORADO MORTGAGE LENDERS ASSOCIATION