First Presbyterian Church of Colorado Springs Foundation (EIN 262348716) - 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

2008

Legal Domicile

Principal Officer

Gary Shugart

Phone

7198846100

Tax Period

2020-01-01 to 2020-12-31

First Presbyterian Church of Colorado Springs Foundation, founded in 2008, is a micro nonprofit in the Religion sector that reported $39K in total revenue in fiscal year 2020. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $76K exceeded revenue, resulting in a 94% operating deficit.

Mission

TO SUPPORT THE SPIRITUAL AND PHYSICAL NEEDS OF ALL PEOPLE IN THE WORLD BY SUPPORTING THE OPERATIONS AND ACTIVITIES OF THE FIRST PRESBYTERIAN CHURCH OF COLORADO SPRINGS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $39,000

Program Service Revenue $0

Investment Income $112

Other Revenue $0

TOTAL REVENUE $39,112

Expense Breakdown

Grants Paid $75,702

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,702

Other Expenses $0

TOTAL EXPENSES $75,702

Year-over-Year Comparison

	2020	2019	Change
Revenue	$39,112	$87,952	-0.6%
Expenses	$75,702	$73,815	+0.0%
Net Income	$-36,590	$14,137	-3.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Nelson	CHAIRMAN	1.0	Officer Director	$0	$0	$0
Gary Shugart	Treasurer	1.0	Officer Director	$0	$0	$0
Nick Fuller	Director	1.0	Director	$0	$0	$0
Mike Albright	Director	1.0	Director	$0	$0	$0
Aaron Zimmerman	Director	1.0	Director	$0	$0	$0
Tonya Lark	Director	1.0	Director	$0	$0	$0
Alan Jacobs	Director	1.0	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
2020	$39,112	$75,702	$3,338,258	$-36,590
2019	$87,952	$73,815	$3,068,007	$14,137
2018	$31,316	$70,690	$2,715,156	$-39,374

First Presbyterian Church of Colorado Springs Foundation