COLORADO RESTAURANT FOUNDATION (EIN 742488379) - 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

1987

Legal Domicile

Principal Officer

SONIA RIGGS

Phone

3038302972

Tax Period

2023-01-01 to 2023-12-31

COLORADO RESTAURANT FOUNDATION, founded in 1987, is a small nonprofit in the Education sector that reported $873K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 82% operating deficit.

Mission

THE COLORADO RESTAURANT FOUNDATION IS DEDICATED TO ENHANCING THE INDUSTRY'S TRAINING AND EDUCATION, CAREER DEVELOPMENT AND THE OVERALL WELL-BEING OF THE INDUSTRY AND ITS WORKFORCE.

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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 $733,876

Program Service Revenue $51,086

Investment Income $22,266

Other Revenue $65,958

TOTAL REVENUE $873,186

Expense Breakdown

Grants Paid $313,089

Salaries & Benefits $700,520

Fundraising Expenses $163,393

Program Expenses $967,519

Other Expenses $553,774

TOTAL EXPENSES $1,585,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$873,186	$1,672,451	-0.5%
Expenses	$1,585,383	$2,011,845	-0.2%
Net Income	$-712,197	$-339,394	+1.1%

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

$566,125

Total Directors

Key Employees

$183,377

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC STERON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DANIEL RAMIREZ	CHAIRMAN (THRU 10/23)	2.00	Officer Director	$0	$0	$0
LAUREN ROBERTS	CONTROLLER (THRU 10/23)	2.00	Officer Director	$0	$0	$0
LUIS RAMIREZ	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
EMILY BIEDERMAN	TREASURER (THRU 10/23)/CONTROLLER	2.00	Officer Director	$0	$0	$0
MALLORY CULLEN	VP AT LARGE	2.00	Officer Director	$0	$0	$0
RICHARD SCHNEIDER	VP-EDUCATION (THRU 10/23)/SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS WEIL	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
ASHLEY HOFFMAN	VP-HEALTH & WELLNESS COMMITTEE	2.00	Officer Director	$0	$0	$0
MELISSA BROOKS	VP-FUND. COM. & VICE CHAIR ELECT	2.00	Officer Director	$0	$0	$0
JOSH NIERNBERG	VP-EDUCATION COMMITTEE	2.00	Officer Director	$0	$0	$0
JUSTIN ADRIAN	DIRECTOR	1.00	Director	$0	$0	$0
KIRK BACHMAN	DIRECTOR	1.00	Director	$0	$0	$0
TRUETT BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BURKE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW COATES	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY COX	DIRECTOR	1.00	Director	$0	$0	$0
AUDRA DUNLEAVY	DIRECTOR	1.00	Director	$0	$0	$0
JENIFER FREEMAN	DIRECTOR (THRU 10/23)	1.00	Director	$0	$0	$0
DAVID GOETZ	DIRECTOR (THRU 10/23)	1.00	Director	$0	$0	$0
RON HALL	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE HILLSTON	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI KOLAKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
THUAN LA	DIRECTOR	1.00	Director	$0	$0	$0
APRIL LAMBATOS	DIRECTOR	1.00	Director	$0	$0	$0
LUNDY	DIRECTOR	1.00	Director	$0	$0	$0
MAWA MCQUEEN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH NICHOLSON	DIRECTOR	1.00	Director	$0	$0	$0
DR ERIC OLSON	DIRECTOR	1.00	Director	$0	$0	$0
AMY RAPISARDA	DIRECTOR	1.00	Director	$0	$0	$0
JULIE STONE	DIRECTOR (THRU 10/23)	1.00	Director	$0	$0	$0
KAREN KRISTOPEIT-PARKER	DIRECTOR	1.00	Director	$0	$0	$0
GREG WARNER	DIRECTOR	1.00	Director	$0	$0	$0
SONIA RIGGS	EXECUTIVE DIRECTOR	1.00	Officer	$17,630	$44,241	$394,763
LAURA SHUNK	PRESIDENT	39.00	Officer	$135,920	$32,812	$171,362
DEVANY MCNEILL	VP - STRATEGIC PARTNERSHIPS	1.00	Key Emp	$12,387	$19,052	$183,377
DENISE MICKELSEN	COMMUNICATION DIRECTOR	1.00	Highest	$22,357	$30,904	$134,841
KELSEY BERGLUND	EVENTS AND SPONSORSHIP DIRECTOR	1.00	Highest	$40,520	$9,083	$118,371
MICHAEL REED	CONTROLLER	1.00	Highest	$29,790	$7,414	$140,832

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	No data	No data	No data	No data
2023	$873,186	$1,585,383	$1,310,788	$-712,197
2022	$1,672,451	$2,011,845	$1,623,514	$-339,394
2021	$2,452,590	$4,270,566	$2,210,454	$-1,817,976
2020	$5,725,731	$3,127,808	$3,791,559	$2,597,923
2019	$913,713	$911,070	$1,148,988	$2,643
2018	$1,835,577	$919,459	$1,087,308	$916,118

COLORADO RESTAURANT FOUNDATION