COLORADO GOVERNMENT ASSOCIATION OF INFORMATION TECHNOLOGY (EIN 383769058) - 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

2007

Legal Domicile

Principal Officer

OLGA KUDZME

Phone

3037397369

Tax Period

2024-01-01 to 2024-12-31

COLORADO GOVERNMENT ASSOCIATION OF INFORMATION TECHNOLOGY, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $229K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $261K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE PRIMARY PURPOSE OF THIS NONPROFIT ORGANIZATION SHALL BE TO PROMOTE ADVANCES IN INFORMATION TECHNOLOGY THAT HAVE THE POTENTIAL TO IMPROVE GOVERNMENT EFFICIENCY AND EFFECTIVENESS, BROADEN EDUCATIONAL OPPORTUNITIES, IDENTIFY OPPORTUNITIES FOR BENEFICIAL COLLABORATION AMONG JURISDICTIONS AND EXPERIENCES WITH TECHNOLOGIES AND VENDORS, AND ENHANCE SERVICES TO COLORADO COMMUNITIES AND CITIZENS. TO ASSURE THE MOST COST-EFFECTIVE USE OF INFORMATION TECHNOLOGY RESOURCES, CGAIT HAS BEEN FORMED TO PROMOTE STATEWIDE AND REGIONAL COOPERATION.

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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 $0

Program Service Revenue $228,926

Investment Income $40

Other Revenue $0

TOTAL REVENUE $228,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $260,607

TOTAL EXPENSES $260,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,966	$195,298	+0.2%
Expenses	$260,607	$248,884	+0.0%
Net Income	$-31,641	$-53,586	-0.4%

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
KATERI ABEYTA	PRESIDENT	2.00	Officer Director	$0	$0	$0
AARON KOT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JONNA HABERTHIER	TREASURER	2.00	Officer Director	$0	$0	$0
ALEXANDRA WARD	SECRETARY	2.00	Officer 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	$228,966	$260,607	$303,609	$-31,641
2023	$195,298	$248,884	$335,173	$-53,586
2022	$184,372	$226,623	$388,759	$-42,251
2021	$90,961	$17,591	$431,010	$73,370
2020	$131,711	$29,468	$357,640	$102,243
2019	$194,431	$202,359	$255,397	$-7,928
2018	$211,663	$188,041	$263,325	$23,622

COLORADO GOVERNMENT ASSOCIATION OF INFORMATION TECHNOLOGY