Good Business Colorado Association (EIN 823130376) - 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

Phone

7202959762

Tax Period

2024-01-01 to 2024-12-31

Good Business Colorado Association, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $75K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $219K exceeded revenue, resulting in a 194% operating deficit.

Mission

Elevating our member voices to advocate for a more prosperous, equitable and sustainable Colorado based on our shared values.

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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 $74,597

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $74,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,360

Fundraising Expenses $0

Program Expenses $32,000

Other Expenses $81,135

TOTAL EXPENSES $219,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,597	$213,380	-0.7%
Expenses	$219,495	$214,785	+0.0%
Net Income	$-144,898	$-1,405	+102.1%

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
Pete Turner	Director	1	Director	$0	$0	$0
Sarah Marcogliese	Director	1	Director	$0	$0	$0
Katharine Knarreborg	Vice Chair	1	Officer Director	$0	$0	$0
Edwin Zoe	Director	1	Director	$0	$0	$0
Adam Kogeman	Director	1	Director	$0	$0	$0
Carol Cochran	Director	1	Director	$0	$0	$0
Celeste Martinez	Board Chair	1	Officer Director	$0	$0	$0
Sandy Lane	Treasurer	1	Officer Director	$0	$0	$0
Alisha Harris	Secretary	1	Director	$0	$0	$0
Jervis DiCicco	Director	1	Director	$0	$0	$0
Brian Loma	Director	1	Director	$0	$0	$0
Helena Karchere	Director	1	Director	$0	$0	$0
Rachel Robinson	Director	1	Director	$0	$0	$0
Rachael Robinson	Director	1	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
2024	$74,597	$219,495	$23,920	$-144,898
2023	$213,380	$214,785	$171,859	$-1,405
2022	$212,249	$186,134	$126,531	$26,115

Good Business Colorado Association