USED CAR DEALERS OF COLORADO CHARI… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

DAVID CARDELLA

Phone

3032398000

Tax Period

2024-01-01 to 2024-12-31

USED CAR DEALERS OF COLORADO CHARITY FUND INC, founded in 2014, is a small nonprofit in the Education sector that reported $290K in total revenue in fiscal year 2024. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 36% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS DESCRIBED UNDER I.R.C. SECTION 501(C)(3). THE CORPORATION'S PURPOSE IS TO REPRESENT THE GOODWILL OF INDEPENDENT USED CAR DEALERS TO HELP ALL COLORADO COMMUNITIES WITH AID, SCHOLARSHIPS AND SUPPORT IN ORDER TO MAKE A POSITIVE DIFFERENCE WITH FAMILIES OF COLORADO.

Program Service Accomplishments

Program 1

Expenses: $27,500

ELEVEN SCHOLARSHIPS OF $2,500 EACH PAID TO RECIPIENTS ATTENDING AIMS COMMUNITY COLLEGE, BROWN UNIVERSITY, COLORADO STATE UNIVERSITY, PLATT COLLEGE, PUEBLO COMMUNITY COLLEGE, TARLETON STATE...

ELEVEN SCHOLARSHIPS OF $2,500 EACH PAID TO RECIPIENTS ATTENDING AIMS COMMUNITY COLLEGE, BROWN UNIVERSITY, COLORADO STATE UNIVERSITY, PLATT COLLEGE, PUEBLO COMMUNITY COLLEGE, TARLETON STATE UNIVERSITY, THE UNIVERSITY OF TEXAS AT TYLER, UNIVERSITY OF COLORADO BOULDER (2), WESTERN COLORADO UNIVERSITY, AND WESTERN TEXAS COLLEGE.

Program 2

Expenses: $106,850

CASH DONATIONS TO COLORADO BASED 501(C)(3) ENTITIES

Program 3

Expenses: $42,500

CASH DONATIONS TO INDIVIDUALS.

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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 $271,411

Program Service Revenue $0

Investment Income $62,158

Other Revenue $-43,411

TOTAL REVENUE $290,158

Expense Breakdown

Grants Paid $176,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,850

Other Expenses $9,123

TOTAL EXPENSES $185,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,158	$101,936	+1.8%
Expenses	$185,973	$215,301	-0.1%
Net Income	$104,185	$-113,365	-1.9%

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

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
MARK WEIDA	PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE WHISTANCE	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
BART BARNETT	SECRETARY	1.50	Officer Director	$0	$0	$0
MICHELE NOBLITT	TREASURER	3.00	Officer Director	$0	$0	$0
JOHN LINDBERG	DIRECTOR	1.50	Director	$0	$0	$0
STAN MARTIN	DIRECTOR	1.50	Director	$0	$0	$0
DEAN GUNTER	DIRECTOR	1.50	Director	$0	$0	$0
TESHOME TESFAYE	DIRECTOR	1.50	Director	$0	$0	$0
TOM SMITH	DIRECTOR	1.50	Director	$0	$0	$0
AJET ZALLI	DIRECTOR	1.50	Director	$0	$0	$0
MIKE WIDHALM	DIRECTOR	1.50	Director	$0	$0	$0
BRIAN KARSH	DIRECTOR	1.50	Director	$0	$0	$0
DAVID CARDELLA	CEO	10.00	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	$290,158	$185,973	$1,557,661	$104,185
2023	$101,936	$215,301	$1,448,430	$-113,365
2022	$240,815	$299,519	$1,573,706	$-58,704
2021	$357,610	$68,127	$1,654,589	$289,483
2020	$-16,415	$83,109	$1,361,335	$-99,524
2019	$105,158	$93,633	$1,460,898	$11,525
2018	$1,256,418	$109,228	$1,449,323	$1,147,190

USED CAR DEALERS OF COLORADO CHARITY FUND INC