Animas High School Building Corp

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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

2013

Legal Domicile

Principal Officer

Greg Phillips

Phone

9702472474

Tax Period

2024-07-01 to 2025-06-30

Animas High School Building Corp, founded in 2013, is a small nonprofit in the Education sector that reported $401K in total revenue in fiscal year 2024. Expenses of $838K exceeded revenue, resulting in a 109% operating deficit.

Mission

The purpose of Animas High School Building Corporation is to hold title to property and otherwise act to facilitate the operations of Animas High School, a Colorado nonprofit corporation and charter school, and to otherwise promote public and charter school education, and specifically for the following activities: -Acquiring, leasing (as lessor or lessee), constructing, improving, equipping and financing various facilities, land, equipment and other improvements in connection with property intended to be leased to the charter school, and in this connection and without limiting the generality of any of the foregoing, the corporation is empowered to hold, own, improve, use and otherwise deal in and with real and personal property, or any interest therein and to make contracts and incur liabilities, and to secure any of its obligations by mortgage, deed to secure debt, deed of trust, creation of a security interest in, or other encumbrances on or all or any part of its property, franchise and income and - any lawful act or activity for which nonprofit corporations may be organized, so long as the same are necessary, appropriate, suitable or convenient to accomplish the objects or purposes.

Program Service Accomplishments

Program 1

Expenses: $838,345 Revenue: $241,555

In 2013, the city of Durango, Durango Fire Department and CDOT requested the school relocate to a more suitable site. The school secured land for a permanent site in the Twin Buttes development and settled into a 2nd temporary home. In the spring of 2020 Animas High School was awarded a grant through the Building Excellent Schools Today (BEST) Colorado Department of Education (CDE) program. AHS broke ground last year on a new 40,500 square foot facility on the campus of Fort Lewis College. The building was designed for project-based learning and includes small breakout spaces, larger convening areas and ample access to natural light. It also includes walls that can open for multi-class collaboration and spaces for curating and displaying student work, a maker space, a music lab and connected indoor/outdoor spaces to support large scale projects. The unique location on a college campus increases opportunities for student and faculty collaboration and offers greater access to higher education. Completion date: December 2022 Move in date: January 2023

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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 $158,427

Program Service Revenue $222,617

Investment Income $573

Other Revenue $18,938

TOTAL REVENUE $400,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $838,345

Other Expenses $838,345

TOTAL EXPENSES $838,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$400,555	$399,666	+0.0%
Expenses	$838,345	$1,890,478	-0.6%
Net Income	$-437,790	$-1,490,812	-0.7%

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
Jeff King	President	0.05	Officer Director	$0	$0	$0
Greg Phillips	Treasurer	0.05	Officer Director	$0	$0	$0
Steve Smith	Director	0.05	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
2025	$400,555	$838,345	$17,720,267	$-437,790
2024	$399,666	$1,890,478	$18,275,808	$-1,490,812
2023	$6,919,049	$595,763	$19,991,247	$6,323,286
2022	$8,789,824	$619,228	$15,036,169	$8,170,596
2021	$2,056,029	$148,618	$4,553,445	$1,907,411
2020	$240,339	$222,098	$2,492,857	$18,241
2019	$247,204	$231,848	$2,568,802	$15,356
2018	$240,371	$233,320	$2,624,958	$7,051