Good Business Colorado (EIN 320599105) - 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

2019

Legal Domicile

Phone

7202959762

Tax Period

2024-01-01 to 2024-12-31

Good Business Colorado, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $698K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $339K, a strong 49% operating margin.

Mission

Bringing together business, government and community organizations to build a more prosperous, equitable and sustainable Colorado based on our shared values.

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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 $681,245

Program Service Revenue $15,200

Investment Income $1,856

Other Revenue $0

TOTAL REVENUE $698,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,575

Fundraising Expenses $6,941

Program Expenses $290,850

Other Expenses $226,573

TOTAL EXPENSES $359,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$698,301	$371,082	+0.9%
Expenses	$359,148	$319,850	+0.1%
Net Income	$339,153	$51,232	+5.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doni Clemons	Director	52	Director Key Emp	$0	$0	$0
Sarah Marcogliese	Director	1	Director	$0	$0	$0
Katharine Knarreborg	Vice Chair	1	Officer Director	$0	$0	$0
Carol Cochran	Director	1	Director	$0	$0	$0
Celeste Martinez	Board Chair	1	Officer Director	$0	$0	$0
Sandy Lane	Treasurer	1	Officer Director	$0	$0	$0
Laura Morocco	Secretary	1	Officer Director	$0	$0	$0
Helena Karchere	Director	1	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
2024	$698,301	$359,148	$645,893	$339,153
2023	$371,082	$319,850	$319,744	$51,232
2022	$648,817	$457,335	$268,512	$191,482
2021	$475,506	$430,320	$77,030	$45,186
2020	$523,007	$491,163	$31,844	$31,844

Good Business Colorado