BASALT, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHALLENGE AMERICA, founded in 2009, is a small nonprofit in the Public & Societal Benefit sector that reported $139K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $263K exceeded revenue, resulting in a 89% operating deficit.
CHALLENGE AMERICA CONNECTS SERVICE MEMBERS, VETERANS AND THEIR FAMILIES TO RESOURCES AND SOLUTIONS THAT BUILD COMMUNITY AND GIVE PURPOSE TO THEIR LIVES.
AFTER COMPLETING A VERY SUCCESSFUL PILOT MUSIC THERAPY PROGRAM WITH THE VA, WE RECEIVED A 1 YEAR CONTRACT (WITH THE VA) TO CONDUCT 13 RETREATS IN 8 DIFFERENT RURAL AREAS, BY THE END OF SEPTEMBER...
AFTER COMPLETING A VERY SUCCESSFUL PILOT MUSIC THERAPY PROGRAM WITH THE VA, WE RECEIVED A 1 YEAR CONTRACT (WITH THE VA) TO CONDUCT 13 RETREATS IN 8 DIFFERENT RURAL AREAS, BY THE END OF SEPTEMBER 2023. EACH RETREAT ENROLLS 10 VETERANS WITH PTSD AND/OR MST. THROUGH OUR PARTNERSHIP WITH GUITAR CENTER FOUNDATION, CHALLENGE AMERICA PROVIDES EACH PARTICIPANT WITH A FREE GUITAR, ACCESSORIES AND MATERIALS. ALL RETREAT CONTENT IS DESIGNED FROM A TRAUMA-INFORMED MUSIC THERAPY APPROACH. VETERANS CONNECT THROUGH A GROUP FORMAT WITH THE CA MUSIC THERAPIST AND A 1:1 FORMAT WITH A CA PROFESSIONAL SONGWRITER. VETERANS CO-WRITE A SONG OF THEIR CHOICE, WHICH IS THEN PERFORMED BY THE SONGWRITER (OR THE VETERAN) DURING A VIRTUAL CONCERT THAT FRIENDS AND FAMILY ARE INVITED TO ATTEND. OVER THE COURSE OF 24 WEEKS, EACH VETERAN PARTICIPANT WILL RECEIVE 32 HOURS OF VIRTUAL REAL-TIME SESSIONS. WE HAVE ALSO HAD GREAT SUCCESS IN GROWING OUR 2 ONLINE VETERAN PLATFORMS: MILITARY SISTERHOOD INITIATIVE (MSI) AND CHALLENGE AMERICA VETERANS ART COMMUNITY (CAVARTS). MSI HAS OVER 5,000 MEMBERS AND CAVARTS HAS CLOSE TO 6,000 MEMBERS. THESE COMMUNITIES PROVIDE A SAFE PLACE FOR VETERANS TO SHARE INFORMATION, BE CREATIVE AND COLLABORATE ON GOALS AND CONCERNS. IN ADDITION TO THESE PROGRAMS, LAST SEPTEMBER WE LED 5 VETERANS AND MANY VOLUNTEERS UP MT. ELBERT (THE HIGHEST 14ER SUMMIT OF THE ROCKY MOUNTAINS) FOR OUR CHALLENGE AMERICA MT. ELBERT CHALLENGE. THIS WAS AN AMAZING ACCOMPLISHMENT FOR OUR 5 VETERANS WHO SUFFER FROM CRPS, PTSD AND/OR MST, JUST TO NAME A FEW. WE ARE VERY PROUD OF WHAT CHALLENGE AMERICA HAS ACCOMPLISHED THIS PAST YEAR AND WE ARE WORKING HARD TO CONTINUE THIS AMAZING WORK FOR OUR VETERANS AND THEIR FAMILIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $138,619 | $474,740 | -0.7% |
| Expenses | $262,524 | $354,846 | -0.3% |
| Net Income | $-123,905 | $119,894 | -2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HOUSTON COWEN | FOUNDER & CE | 40.00 |
Officer
|
$22,917 | $0 | $22,917 |
| MATTHEW MCBRIDE | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| HOUSTON COWAN | SECRETARY\TR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR DAVID BROWN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DON CLURMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DANIELLE KRAKORA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $138,619 | $262,524 | $63,039 | $-123,905 |
| 2022 | $474,740 | $354,846 | $195,264 | $119,894 |
| 2021 | $385,715 | $533,308 | $119,957 | $-147,593 |
| 2020 | $385,164 | $368,343 | $243,751 | $16,821 |
| 2019 | $137,706 | $457,057 | $68,360 | $-319,351 |
| 2018 | $683,881 | $468,383 | $393,577 | $215,498 |
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