COLORADO AEROLAB INC (EIN 822188205) - 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

ELAINE MENARDI

Phone

3072580552

Tax Period

2023-07-01 to 2024-06-30

COLORADO AEROLAB INC, founded in 2017, is a small nonprofit in the Education sector that reported $634K in total revenue in fiscal year 2023. Revenue surged 177% from the prior year, signaling strong growth momentum.

Mission

TO GROW OUT-OF-SCHOOL-TIME OPPORTUNITIES FOR K12 YOUNG PEOPLE THROUGH HANDS-ON, EXPERIENTIAL LEARNING THAT STIMULATES CURIOSITY AND WONDER AND MAKES A POSITIVE DIFFERENCE IN THE WIDER COMMUNITY.

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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 $631,755

Program Service Revenue $0

Investment Income $577

Other Revenue $1,347

TOTAL REVENUE $633,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $543,686

Fundraising Expenses $0

Program Expenses $579,728

Other Expenses $94,038

TOTAL EXPENSES $637,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$633,679	$228,501	+1.8%
Expenses	$637,724	$243,500	+1.6%
Net Income	$-4,045	$-14,999	-0.7%

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

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

$132,342

Total Directors

$132,342

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE MENARDI	EXECUTIVE DI	40.00	Officer Director	$106,591	$25,751	$132,342
BILL HILL	DIRECTOR	2.00	Director	$0	$0	$0
TERESA MCDERMOTT	DIRECTOR	2.00	Director	$0	$0	$0
CRYSTAL MYERS	DIRECTOR	2.00	Director	$0	$0	$0
DAVE SKINNER	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$633,679	$637,724	$47,490	$-4,045
2023	$228,501	$243,500	$47,272	$-14,999
2022	$472,077	$461,192	$67,708	$10,885
2021	$455,174	$471,230	$127,411	$-16,056
2020	$432,982	$418,892	$69,386	$14,090
2019	$543,594	$501,176	$60,436	$42,418

COLORADO AEROLAB INC