READY COLORADO

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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

2015

Legal Domicile

Principal Officer

ELLIE REYNOLDS

Phone

7203355445

Tax Period

2023-01-01 to 2023-12-31

READY COLORADO, founded in 2015, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $403K, a strong 28% operating margin.

Mission

READY COLORADO IS AN ORGANIZATION OF CONSERVATIVES WORKING TOGETHER TO IMPROVE EDUCATION IN COLORADO. THE TOUCHSTONE OF OUR EDUCATION SYSTEM SHOULD BE CHOICE; NO ONE SYSTEM OF SCHOOLING SHOULD HAVE A MONOPOLY OVER OPPORTUNITY. PARENTS SHOULD HAVE THE ABILITY TO SEND THEIR KIDS TO THE SCHOOL THAT WILL HELP THEIR CHILDREN THRIVE, REGARDLESS OF TYPE-PUBLIC, PRIVATE, CHARTER, TRADITIONAL, MAGNET, VIRTUAL, OR HOME SCHOOL. READY COLORADO BELIEVES THAT THE EDUCATION SYSTEM NEEDS TO FOCUS MORE ATTENTION ON THE NEEDS OF STUDENTS AND FAMILIES; AND LESS ON THE NEEDS OF THE SYSTEM ITSELF. SCHOOLS, DISTRICTS, AND THE STATE SHOULD BE MORE ACCOUNTABLE TO PARENTS AND TAXPAYERS.

Program Service Accomplishments

Program 1

Expenses: $1,040,611 Revenue: $140,966

EDUCATION POLICY ADVOCACY IN COLORADO

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,310,000

Program Service Revenue $140,966

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,450,966

Expense Breakdown

Grants Paid $516,950

Salaries & Benefits $227,786

Fundraising Expenses $0

Program Expenses $1,040,611

Other Expenses $302,987

TOTAL EXPENSES $1,047,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,450,966	$3,637,734	-0.6%
Expenses	$1,047,723	$3,558,209	-0.7%
Net Income	$403,243	$79,525	+4.1%

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

$162,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE RAGLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLIE REYNOLDS	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
CRAIG HULSE	BOARD CHAIR	2.00	Director	$0	$0	$0
BRENDA DICKHONER	PRESIDENT	40.00	Officer	$135,631	$27,122	$162,753

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	No data	No data	No data	No data
2023	$1,450,966	$1,047,723	$760,926	$403,243
2022	$3,637,734	$3,558,209	$357,682	$79,525
2021	$2,131,423	$2,252,273	$278,157	$-120,850
2020	$3,230,091	$3,392,515	$399,007	$-162,424
2019	$853,510	$709,742	$561,431	$143,768
2018	$2,330,209	$2,223,427	$417,663	$106,782