Prospect Academy of Colorado

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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

2018

Legal Domicile

Principal Officer

Mia Coffing

Phone

7208040018

Tax Period

2023-07-01 to 2024-06-30

Prospect Academy of Colorado, founded in 2018, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

Provide a safe, clam and inclusive learning environment that educates students with behavioral and leanring challenges.

Program Service Accomplishments

Program 1

Expenses: $1,664,576 Revenue: $1,015,895

The Founding Principal and staff prepared the school to begin teaching students in the Fall of 2022. Preparations included setting up the classrooms and offices, hiring and training staff, acquiring supplies and equipment, and establishing administrative and instructional policies and procedures.

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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 $2,490,234

Program Service Revenue $992,205

Investment Income $25

Other Revenue $23,690

TOTAL REVENUE $3,506,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,460,334

Fundraising Expenses $0

Program Expenses $1,664,576

Other Expenses $2,325,360

TOTAL EXPENSES $3,785,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,506,154	$2,537,553	+0.4%
Expenses	$3,785,694	$3,106,719	+0.2%
Net Income	$-279,540	$-569,166	-0.5%

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

$95,039

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Safia Welty-Rupe	Member (Former)	1.00	Director	$0	$0	$0
Tim Farmer	President	1.00	Director	$0	$0	$0
Jennifer Manera	Secretary	1.00	Director	$0	$0	$0
Sam Carwyn	Member	1.00	Director	$0	$0	$0
Eric Lorenz	Treasurer (Former)	1.00	Director	$0	$0	$0
Daniel Thompson	Member	1.00	Director	$0	$0	$0
Allison Mincks	Member	1.00	Director	$0	$0	$0
Louisa Amott	Member	1.00	Director	$0	$0	$0
Debbie Kunz	Member	1.00	Director	$0	$0	$0
Mia Coffing	Executive Director	40.00	Officer	$95,039	$0	$95,039

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	$3,506,154	$3,785,694	$2,659,901	$-279,540
2023	$2,523,849	$2,651,825	$10,232,738	$-127,976
2022	$259,263	$269,070	$49,406	$-9,807