Colorado Oil & Gas Association (EIN 742373229) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

Lynn Granger

Phone

3038610362

Tax Period

2024-01-01 to 2024-12-31

Colorado Oil & Gas Association, founded in 1984, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $641K, a strong 16% operating margin.

Mission

Founded in 1984, the Colorado Oil & Gas Associations mission is to be the unified political and regulatory voice for the oil and natural gas industry in Colorado, and to support our members through advocacy, partnerships, education and stakeholder engagement.

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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 $3,427,645

Program Service Revenue $332,243

Investment Income $142,001

Other Revenue $0

TOTAL REVENUE $3,901,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,299,440

Fundraising Expenses $0

Other Expenses $1,961,693

TOTAL EXPENSES $3,261,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,901,889	$3,528,379	+0.1%
Expenses	$3,261,133	$3,178,661	+0.0%
Net Income	$640,756	$349,718	+0.8%

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

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

$416,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Haley	Officer	40.00	Officer	$416,000	$0	$416,000
William Groffy	Senior Director	40.00		$155,299	$0	$155,299
Gabrielle Richmond	Director Marketing	40.00		$109,634	$0	$109,634
Lisha Burnett	Board Member	0.50	Director	$0	$0	$0
Jennifer Biever	Board Member	0.50	Director	$0	$0	$0
Howard Boigon	Board Member	0.50	Director	$0	$0	$0
Bob Boswell	Board Member	0.50	Director	$0	$0	$0
Jason Chan	Board Member	0.50	Director	$0	$0	$0
Philip Davis	Board Member	0.50	Director	$0	$0	$0
Ray Gardner	Board Member	0.50	Director	$0	$0	$0
Mike Dickinson	Board Member	0.50	Director	$0	$0	$0
Ana Marie Gutierrez	Board Member	0.50	Director	$0	$0	$0
Maria Henry	Board Member	0.50	Director	$0	$0	$0
AJ Jairamani	Board Member	0.50	Director	$0	$0	$0
Kim McHugh	ExecBoard Chair	0.50	Director	$0	$0	$0
Ron Gusek	Board Member	0.50	Director	$0	$0	$0
Robert Harber	Board Member	0.50	Director	$0	$0	$0
John Harpole	Board Member	0.50	Director	$0	$0	$0
Jason Modglin	Board Member	0.50	Director	$0	$0	$0
Jay Furman	Secretary	0.50	Director	$0	$0	$0
Samantha Richardson	Board Member	0.50	Director	$0	$0	$0
Tom Janiszewski	Vice Chair	0.50	Director	$0	$0	$0
Brad Johnson	Board Member	0.50	Director	$0	$0	$0
Jamie Jost	Board Member	0.50	Director	$0	$0	$0
Jay Kackley	Board Member	0.50	Director	$0	$0	$0
Michael Land	Vice Chair	0.50	Director	$0	$0	$0
Gabriel Sepulveda	Board Member	0.50	Director	$0	$0	$0
Shea Loper	Board Member	0.50	Director	$0	$0	$0
Salar Nabavian	Board Member	0.50	Director	$0	$0	$0
Luis Rodriguez	Board Member	0.50	Director	$0	$0	$0
Aaron Martinsen	Board Member	0.50	Director	$0	$0	$0
Quint Shear	Board Member	0.50	Director	$0	$0	$0
Steve Struna	Treasurer	0.50	Director	$0	$0	$0
Bruce White	Board Member	0.50	Director	$0	$0	$0
Austin Akers	Board Member	0.50	Director	$0	$0	$0
Will Brown	Board Member	0.50	Director	$0	$0	$0
Peter Hansen	Board Member	0.50	Director	$0	$0	$0
Tom Miller	Board Member	0.50	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	$3,901,889	$3,261,133	$3,782,685	$640,756
2023	$3,528,379	$3,178,661	$2,860,132	$349,718
2022	$2,998,672	$2,868,905	$2,889,047	$129,767
2021	$2,487,348	$2,648,480	$2,425,267	$-161,132
2020	$2,784,139	$2,994,922	$1,976,230	$-210,783
2019	$3,819,976	$4,293,199	$2,730,204	$-473,223
2018	$3,954,014	$3,569,700	$3,329,004	$384,314

Colorado Oil & Gas Association