TAKE NOTE COLORADO (EIN 820809862) - 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

2017

Legal Domicile

Principal Officer

WALT DEHAVEN

Phone

3039015957

Tax Period

2024-07-01 to 2025-06-30

TAKE NOTE COLORADO, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $24K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $166K exceeded revenue, resulting in a 588% operating deficit.

Mission

TAKE NOTE COLORADO IS A STATEWIDE INITIATIVE THAT BUILDS ACCESS TO MUSIC EDUCATION OPPORTUNITIES FOR ALL YOUTH ACROSS 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 (2024)

Revenue Breakdown

Contributions & Grants $24,172

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $24,172

Expense Breakdown

Grants Paid $123,000

Salaries & Benefits $0

Fundraising Expenses $424

Program Expenses $164,006

Other Expenses $43,266

TOTAL EXPENSES $166,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,172	$200,096	-0.9%
Expenses	$166,266	$328,930	-0.5%
Net Income	$-142,094	$-128,834	+0.1%

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

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
ISAAC SLADE	PRESIDENT	2.00	Officer Director	$0	$0	$0
WALT DEHAVEN	TREASURER	2.00	Officer Director	$0	$0	$0
LISA GEDGAUDAS	SECRETARY	2.00	Officer Director	$0	$0	$0
STEPHEN SMITH CONTRERAS	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE OLIVETO	DIRECTOR	1.00	Director	$0	$0	$0
WENDY AIELLO	DIRECTOR	1.00	Director	$0	$0	$0
REV KEN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
MARIE LOGSDEN	DIRECTOR	1.00	Director	$0	$0	$0
BRYCE MERRILL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS TETZELI	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE VAN LEEUWEN	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL ZIMLICH	DIRECTOR	1.00	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	$24,172	$166,266	$158,168	$-142,094
2024	$200,096	$328,930	$207,192	$-128,834
2023	$238,716	$187,956	$332,106	$50,760
2022	$9,759	$216,805	$281,643	$-207,046
2021	$14,090	$241,447	$487,833	$-227,357
2020	$252,444	$300,944	$715,189	$-48,500
2019	$622,602	$298,721	$787,299	$323,881

TAKE NOTE COLORADO