COLORADO CONCERN

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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

2003

Legal Domicile

Principal Officer

DAVID DAVIA

Phone

3038601201

Tax Period

2024-01-01 to 2024-12-31

COLORADO CONCERN, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

PROMOTE COMMON BUSINESS INTERESTS OF ITS MEMBERS, INCLUDING IMPROVING THE BUSINESS CLIMATE AND THE ECONOMY OF THE STATE OF COLORADO.

Program Service Accomplishments

Program 1

PROMOTE COMMON BUSINESS INTERESTS OF ITS MEMBERS, THE BUSINESS CLIMATE AND THE ECONOMY OF THE STATE OF COLORADO, INCLUDING SUPPORT OF LEGISLATION AND PROGRAMS TO ACCOMPLISH THIS.

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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 $2,115,625

Investment Income $5,716

Other Revenue $134

TOTAL REVENUE $2,121,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $871,736

Fundraising Expenses $0

Other Expenses $1,468,755

TOTAL EXPENSES $2,340,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,121,475	$1,286,285	+0.6%
Expenses	$2,340,491	$1,313,131	+0.8%
Net Income	$-219,016	$-26,846	+7.2%

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

$684,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG STEVINSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
NORM FRANKE	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
ADAM AGRON	TREASURER	2.00	Officer Director	$0	$0	$0
DR JANINE DAVIDSON	DIRECTOR (THRU 5/24)	2.00	Director	$0	$0	$0
STANTON DODGE	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW FEINSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK H HAMILL	DIRECTOR	2.00	Director	$0	$0	$0
BARRY HIRSCHFELD	DIRECTOR	2.00	Director	$0	$0	$0
ROGER HUTSON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN IKARD	DIRECTOR	2.00	Director	$0	$0	$0
WALTER F ISENBERG	DIRECTOR	2.00	Director	$0	$0	$0
ALICE JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MCREYNOLDS	DIRECTOR	2.00	Director	$0	$0	$0
LARRY A MIZEL	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD M SAPKIN	DIRECTOR	2.00	Director	$0	$0	$0
PAUL WASHINGTON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID DAVIA	PRESIDENT & CEO (AS OF 1/24)	40.00	Officer	$369,731	$18,486	$388,217
JACQUELINE VANDERBURG	CHIEF OPERATING OFFICER	40.00	Officer	$161,816	$8,173	$169,989
MIKE KOPP	PRESIDENT & CEO (THRU 2/24)	40.00	Officer	$120,539	$5,285	$125,824

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	$2,121,475	$2,340,491	$737,458	$-219,016
2023	$1,286,285	$1,313,131	$895,392	$-26,846
2022	$1,453,546	$1,595,545	$921,347	$-141,999
2021	$1,340,090	$1,126,206	$1,070,606	$213,884
2020	$1,612,681	$1,529,145	$851,247	$83,536
2019	$1,224,714	$1,121,864	$760,767	$102,850
2018	$1,062,175	$1,412,885	$657,639	$-350,710