COLORADO CHAMBER FOUNDATION

EIN: 742324426 501(c)(3) Community Improvement

DENVER, CO

Total Revenue
$432,920
Total Expenses
$389,425
Total Assets
$681,155
Net Assets
$92,909
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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
1990
Legal Domicile
CO
Principal Officer
LOREN FURMAN
Phone
3038669600
Tax Period
2023-10-01 to 2024-09-30

COLORADO CHAMBER FOUNDATION, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $433K in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. Expenses of $389K left a modest 10% surplus.

Mission

PERFORM RESEARCH FUNDED BY GRANTS FROM BUSINESS AND PHILANTHROPIC FOUNDATIONS THAT SUPPORT THE COLORADO CHAMBER FOUNDATIONS MISSION TO IMPROVE THE BUSINESS ENVIRONMENT 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $49,104
Program Service Revenue $370,291
Investment Income $13,525
Other Revenue $0
TOTAL REVENUE $432,920

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $371,030
Other Expenses $389,425
TOTAL EXPENSES $389,425

Year-over-Year Comparison

2023 2022 Change
Revenue $432,920 $233,359 +0.9%
Expenses $389,425 $201,727 +0.9%
Net Income $43,495 $31,632 +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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOREN FURMAN CHAIRMAN & P 1.00
Officer Director
$0 $0 $0
LISA REEVES SENIOR VP, F 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 $432,920 $389,425 $681,155 $43,495
2023 $233,359 $201,727 $164,027 $31,632
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