COLORADO CHAMBER FOUNDATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $371,030 Revenue: $370,291

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%)

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

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
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
2025	No data	No data	No data	No data
2024	$432,920	$389,425	$681,155	$43,495
2023	$233,359	$201,727	$164,027	$31,632