GOVERNORS RESIDENCE PRESERVATION F… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

JASON MARSDEN

Phone

3037183988

Tax Period

2023-01-01 to 2023-12-31

GOVERNORS RESIDENCE PRESERVATION FUND, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $53K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $77K exceeded revenue, resulting in a 47% operating deficit.

Mission

PRESERVE COLORADO'S HISTORIC GOVERNOR'S RESIDENCE AT THE BOETTCHER MANSION

Program Service Accomplishments

Program 1

Expenses: $57,865

PRESERVATION: THE GOVERNORS RESIDENCE PRESERVATION FUND WAS FOUNDED IN 2008 TO LEAD THE CONTINUED PRESERVATION AND STEWARDSHIP OF COLORADOS HOME. OUR GOAL IS TO PRESERVE THE GOVERNORS RESIDENCE AT...

PRESERVATION: THE GOVERNORS RESIDENCE PRESERVATION FUND WAS FOUNDED IN 2008 TO LEAD THE CONTINUED PRESERVATION AND STEWARDSHIP OF COLORADOS HOME. OUR GOAL IS TO PRESERVE THE GOVERNORS RESIDENCE AT THE BOETTCHER MANSION AS A SPLENDID SHOWCASE OF THE STATES CULTURAL AND CIVIC HERITAGE AND AS A PLACE FOR THE PEOPLE OF COLORADO TO VISIT AND ENJOY. WHILE THIS HISTORIC HOME, THE BOETTCHER COLLECTION AND ITS OTHER ASSETS ARE OWNED BY THE STATE OF COLORADO, THE ORGANIZATION SERVES AS A CONDUIT IN THAT IT PLAYS A ROLE IN FUNDRAISING FOR AND MANAGING TO COMPLETION THOSE SPECIFIC RESTORATION AND PRESERVATION PROJECTS WHERE IT CAN MATCH NEEDED WORK WITH WILLING DONORS.

Program 2

CULTURAL HERITAGE: THE GOVERNORS RESIDENCE SERVES AS AN EXQUISITE VENUE TO SHOWCASE PERFORMANCES FROM THE BEST OF COLORADOS CULTURAL SCENE AND AS A DELIGHTFUL BACKDROP FOR HIGHLIGHTING THE UNIQUE AND...

Program 3

EDUCATION AND CIVIC LEARNING: THE GOVERNORS RESIDENCE IS IN A UNIQUE AND CENTRAL POSITION TO SHARE COLORADO HISTORY, HIGHLIGHT THE HERITAGE OF COLORADO PEOPLES, SHOWCASE COLORADO CULTURE, AND PROVIDE...

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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 $46,639

Program Service Revenue $0

Investment Income $4,069

Other Revenue $1,839

TOTAL REVENUE $52,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,000

Fundraising Expenses $0

Program Expenses $57,865

Other Expenses $42,069

TOTAL EXPENSES $77,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,547	$134,636	-0.6%
Expenses	$77,069	$187,601	-0.6%
Net Income	$-24,522	$-52,965	-0.5%

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

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

$35,000

Total Directors