THE BUDDY PROGRAM 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

1989

Legal Domicile

Principal Officer

LINDSAY LOFARO

Phone

9709202130

Tax Period

2024-01-01 to 2024-12-31

THE BUDDY PROGRAM INC, founded in 1989, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024.

Mission

MISSION: THE BUDDY PROGRAM EMPOWERS YOUTH THROUGH MENTORING EXPERIENCES IN ORDER TO ACHIEVE THEIR FULL POTENTIAL. THE BUDDY PROGRAM OFFERS FOUR MENTORING PROGRAMS TO YOUTH IN THE ROARING FORK VALLEY OF COLORADO. ADDITIONALLY, THE BUDDY PROGRAM PROVIDES CRITICAL ADDITIONAL SERVICES TO YOUTH AND THEIR FAMILIES SUCH AS THERAPEUTIC COUNSELING, SCHOLARSHIPS AND ENHANCED CASE MANAGEMENT. THE BUDDY PROGRAM WORKS WITH PARENTS, VOLUNTEERS, TEACHERS AND COUNSELORS, AND OTHER AREA NOT-FOR-PROFIT ORGANIZATIONS, TO ENSURE THAT THE NEEDS OF YOUTH PARTICIPANTS ARE BEING MET, INCLUDING SOCIAL AND EMOTIONAL SUPPORT AS WELL AS CONNECTIONS TO OTHER SERVICES IN THE COMMUNITY. THROUGH ONE OR A COMBINATION OF THESE PROGRAMS AND SERVICES, IT IS THE GOAL OF THE BUDDY PROGRAM THAT EACH YOUTH PARTICIPANT IS ABLE TO THRIVE AND REACH HIS OR HER FULL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $719,494

COMMUNITY/SCHOOL-BASED PROGRAM YOUTH AGES 6 TO 18 ARE PAIRED WITH CARING, RESPONSIBLE, ADULT MENTORS MEETING 3-4 TIMES PER MONTH.

Program 2

Expenses: $148,393

PEER-TO-PEER PROGRAM ELEMENTARY AND MIDDLE SCHOOL YOUTH ARE PAIRED WITH HIGH SCHOOL VOLUNTEER MENTORS TO MEET WEEKLY THROUGH THE SCHOOL YEAR.

Program 3

Expenses: $750,327

LEAD: LEADERSHIP THROUGH EXPLORATION, ACTION AND DEVELOPMENT (EXPERIENTIAL)PROGRAMEDUCATING YOUTH IN GRADES 8-12 IN A GROUP SETTING ON TOPICS OF LEADERSHIP, LIFESKILLS, AND OUTDOOR AND ENVIRONMENTAL...

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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 $2,085,641

Program Service Revenue $0

Investment Income $222,129

Other Revenue $4,759

TOTAL REVENUE $2,312,529

Expense Breakdown

Grants Paid $19,360

Salaries & Benefits $2,011,901

Fundraising Expenses $568,297

Program Expenses $1,622,014

Other Expenses $405,509

TOTAL EXPENSES $2,436,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,312,529	$2,295,725	+0.0%
Expenses	$2,436,770	$2,163,919	+0.1%
Net Income	$-124,241	$131,806	-1.9%

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

187

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
LENNIE WEINGLASS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK IOLA	PRESIDENT	3.00	Officer Director	$0	$0	$0
JENNY ELLIOT	TREASURER	3.00	Officer Director	$0	$0	$0
KATIE GOLDSMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN BECKER	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
WES COLE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CONNOLLY	DIRECTOR	1.00	Director	$0	$0	$0
BAILEY EVERHART	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FOSNAUGHT	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GOLDSMITH	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA HIRSCH	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
ROGER MAROLT	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MASON	DIRECTOR	1.00	Director	$0	$0	$0
BECKY MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
DANA PRESUTTI	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA SOUKI	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY LOFARO	EXECUTIVE DIRECTOR	40.00	Highest	$164,786	$14,992	$179,778
BROOKE A BOCKELMAN	ASSISTANT DIRECTOR	40.00	Highest	$111,240	$13,385	$124,625

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	$2,312,529	$2,436,770	$3,528,978	$-124,241
2023	$2,295,725	$2,163,919	$3,655,477	$131,806
2022	$3,017,335	$1,865,979	$3,443,745	$1,151,356
2021	$2,020,434	$1,548,044	$2,449,078	$472,390
2020	$1,525,693	$1,352,115	$1,919,495	$173,578