KROENKE SPORTS CHARITIES INC

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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

1985

Legal Domicile

Principal Officer

Deb Dowling

Phone

3034051100

Tax Period

2023-07-01 to 2024-06-30

KROENKE SPORTS CHARITIES INC, founded in 1985, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

KROENKE SPORTS CHARITIES IS COMMITTED TO IMPROVING THE LIVES OF FAMILIES AND CHILDREN IN COLORADO.

Program Service Accomplishments

Program 1

Expenses: $1,926,512 Revenue: $865,668

THROUGHOUT THE YEAR THE ORGANIZATION RECEIVES MANY REQUESTS FOR ASSISTANCE FOR A VARIETY OF GENERAL ASSISTANCE PROGRAMS. THE FOCUS OF OUR EFFORTS IS TO ASSIST YOUTH-ORIENTED PROGRAMS AND CHARITIES...

THROUGHOUT THE YEAR THE ORGANIZATION RECEIVES MANY REQUESTS FOR ASSISTANCE FOR A VARIETY OF GENERAL ASSISTANCE PROGRAMS. THE FOCUS OF OUR EFFORTS IS TO ASSIST YOUTH-ORIENTED PROGRAMS AND CHARITIES, PARTICULARLY THOSE THAT SERVE AT-RISK YOUTH. EACH ORGANIZATION SUBMITS A PROPOSAL OR FUNDRAISING PROGRAM ALONG WITH ITS 501(C)(3) DETERMINATION LETTER. THESE ORGANIZATIONS TYPICALLY ARE WELL RECOGNIZED FOR PROVIDING CHARITABLE FUNCTIONS IN OUR LOCAL REGION. OUR STRATEGIC COMMUNITY INVEST IS IN MANY FORMS: EDUCATION, HEALTH AND YOUTH SPORTS PROGRAMS, DONATIONS OF AUTOGRAPHED MERCHANDISE AND TICKETS, GRANTS, APPEARANCES BY OUR PLAYERS, COACHES, ALUMNI, AND THE PERSONAL SERVICE OF KSE EMPLOYEES THROUGH KSE CARES AND OTHER INDIVIDUAL EFFORTS. ALTITUDE SPORTS & ENTERTAINMENT HAS BROADENED OUR COMMUNITY EFFORTS THROUGH ITS AIRING OF PUBLIC SERVICE ANNOUNCEMENTS FOR A VARIETY OF ORGANIZATIONS THROUGHOUT THE YEAR. PLAYERS, COACHES, AND KSE STAFF ARE ACTIVE PARTICIPANTS IN THE COMMUNITY, DEDICATING OVER 1,000 HOURS OF THEIR TIME TO VISITING SCHOOLS, HOSTING YOUTH SPORTS CLINICS, LIFTING THE SPIRITS OF YOUNG PATIENTS IN LOCAL HOSPITALS, AND ATTENDING FUNDRAISING EVENTS THAT BENEFIT THE COLORADO COMMUNITY. KROENKE SPORTS CHARITIES PROGRAMS, OUTREACH, AND EVENTS IN SUPPORT OF EDUCATION AND HEALTH AND FITNESS, INCLUDE BUT ARE NOT LIMITED TO: (1) HOCKEY FIGHTS CANCER (2) GAME PROGRAMS FOR YOUTH (3) AVALANCHE/NUGGET FOR A DAY (4) RAPIDS PASSBACK (5) SKILLS CHALLENGE (6) REACH NEW HEIGHTS (7) LUPUS NIGHT (8) GIVE SPORTS (9) HOOPS FOR TROOPS (10) TEAMMATE FOR KIDS (11) TEAM FIT (12) RACE FOR THE CURE (13) NUMEROUS HIGH SCHOOL AND COLLEGIATE SCHOLARSHIPS.

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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 $2,502,816

Program Service Revenue $0

Investment Income $75,125

Other Revenue $0

TOTAL REVENUE $2,577,941

Expense Breakdown

Grants Paid $1,531,194

Salaries & Benefits $0

Fundraising Expenses $553,747

Program Expenses $1,926,512

Other Expenses $997,462

TOTAL EXPENSES $2,528,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,577,941	$3,664,528	-0.3%
Expenses	$2,528,656	$2,469,450	+0.0%
Net Income	$49,285	$1,195,078	-1.0%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL NEARY	PRESIDENT	0	Officer Director	$0	$0	$0
MATT BELL	VICE PRESIDENT	0	Officer Director	$0	$0	$0
BRITTAINY WILMER	TREASURER	0	Director	$0	$0	$0
LAUREN MCDERMOTT	SECRETARY	0	Director	$0	$0	$0
MATT MAHONEY	DIRECTOR	0	Director	$0	$0	$0
KELLY BLAHA	DIRECTOR	0	Director	$0	$0	$0
DEB DOWLING	DIRECTOR	10	Director	$0	$0	$0
JOSH KROENKE	DIRECTOR	0	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	$2,577,941	$2,528,656	$3,809,441	$49,285
2023	$3,664,528	$2,469,450	$4,360,868	$1,195,078
2022	$2,637,829	$1,633,485	$3,023,886	$1,004,344
2021	$1,101,028	$1,588,287	$1,849,792	$-487,259
2020	$2,186,750	$1,450,348	$2,277,653	$736,402
2019	$1,403,847	$1,131,048	$1,251,992	$272,799