Aspen Ridge Preparatory School

EIN: 270726515 501(c)(3) Education

Erie, CO

Total Revenue
$9,786,770
Total Expenses
$8,953,695
Total Assets
$20,431,229
Net Assets
$1,529,201
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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
2011
Legal Domicile
CO
Principal Officer
Charla Salmeron
Phone
7202426225
Tax Period
2024-07-01 to 2025-06-30

Aspen Ridge Preparatory School, founded in 2011, is a community nonprofit in the Education sector that reported $9.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $9.0M left a modest 9% surplus.

Mission

Aspen Ridge Preparatory School is charter school in the St. Vrain Valley School District that provides educational services for students PK-8. Aspen Ridge is a core knowledge school.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $469,037
Program Service Revenue $8,345,567
Investment Income $234,665
Other Revenue $737,501
TOTAL REVENUE $9,786,770

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,772,007
Fundraising Expenses $0
Program Expenses $8,530,716
Other Expenses $3,181,688
TOTAL EXPENSES $8,953,695

Year-over-Year Comparison

2024 2023 Change
Revenue $9,786,770 $8,724,158 +0.1%
Expenses $8,953,695 $7,945,612 +0.1%
Net Income $833,075 $778,546 +0.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
105
Volunteers
10

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
2
$310,962
Total Directors
8
$0
Key Employees
2
$310,962
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rob Hunt President 3.00
Director
$0 $0 $0
Eric Rinard Vice President 3.00
Director
$0 $0 $0
Joann Fenton Secretary 3.00
Director
$0 $0 $0
Miguel Zuniga Treasurer 3.00
Director
$0 $0 $0
Liz Locricchio Director 3.00
Director
$0 $0 $0
Charla Salmeron Head of School 40.00
Officer Key Emp Highest
$137,527 $39,425 $176,952
Rachel Miller Principal 40.00
Officer Key Emp Highest
$104,053 $29,957 $134,010
Dan Woog President Bldg. Corp. 0.00
Director
$0 $0 $0
Eric Rinard Vice President Bldg. Corp. 0.00
Director
$0 $0 $0
Miquel Zuniga Treasurer Bldg. Corp. 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
2025 $9,786,770 $8,953,695 $20,431,229 $833,075
2024 $8,724,158 $7,945,612 $20,860,586 $778,546
2023 $8,227,756 $7,728,988 $19,138,800 $498,768
2022 $6,430,013 $5,790,748 $19,492,245 $639,265
2021 $6,279,905 $6,005,595 $19,297,195 $274,310
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