CASTLE ROCK MERCHANTS ASSOCIATION

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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

2003

Principal Officer

KEVIN TILSON

Phone

3036887488

Tax Period

2024-01-01 to 2024-12-31

CASTLE ROCK MERCHANTS ASSOCIATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $127K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $264K represent 25 months of operating reserves.

Mission

PROMOTION OF DOWNTOWN CASTLE ROCK

Program Service Accomplishments

Program 1

DRAWING RESIDENTS TO THE FAMILY EVENTS IN THE HEART OF THE TOWN WHICH PRODUCES MORE SHOPPING, DINING, ETC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $0

Investment Income $1,253

Other Revenue $76,054

TOTAL REVENUE $127,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $126,492

TOTAL EXPENSES $126,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,307	$135,174	-0.1%
Expenses	$126,492	$74,248	+0.7%
Net Income	$815	$60,926	-1.0%

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
KC NEEL	PRESIDENT	0.75	Officer Director	$0	$0	$0
AIDEN GRAY	VICE PRESIDE	0.75	Officer Director	$0	$0	$0
JENNIFER LUCE	TREASURER	0.75	Officer Director	$0	$0	$0
BERNIE GREENBERG	SECRETARY	0.75	Officer Director	$0	$0	$0
JOHN JOHNSON	DIRECTOR	0.75	Director	$0	$0	$0
LOU SCILEPPI	DIRECTOR	0.75	Director	$0	$0	$0
NICK LUCEY	DIRECTOR	0.75	Director	$0	$0	$0
KEVIN TILSON	DIRECTOR	20.00	Officer	$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	$127,307	$126,492	$270,501	$815
2023	$135,174	$74,248	$272,501	$60,926
2022	$116,907	$84,246	$203,065	$32,661
2021	$92,687	$118,443	$172,965	$-25,756
2020	$84,744	$121,000	$195,312	$-36,256
2019	$117,208	$81,443	$231,568	$35,765
2018	$137,273	$69,050	$195,803	$68,223