HOT SPRINGS ASSOCIATION

EIN: 833179811 Community Improvement

NEW CASTLE, CO

Total Revenue
$336,780
Total Expenses
$333,021
Total Assets
$83,897
Net Assets
$81,565
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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
2019
Legal Domicile
CO
Principal Officer
JESSICA MEATH
Phone
9704563162
Tax Period
2023-01-01 to 2023-12-31

HOT SPRINGS ASSOCIATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $337K in total revenue in fiscal year 2023. Revenue surged 207% from the prior year, signaling strong growth momentum.

Mission

THE HOT SPRINGS ASSOCIATION IS A NON-PROFIT TRADE ORGANIZATION SPECIFICALLY ESTABLISHED FOR HOT SPRINGS OWNERS AND OPERATORS. OUR MISSION IS TO UNIFY AND ELEVATE THE HOT SPRINGS RESORT AND SPA INDUSTRY WORLDWIDE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $71,700
Program Service Revenue $264,763
Investment Income $0
Other Revenue $317
TOTAL REVENUE $336,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,000
Fundraising Expenses $0
Other Expenses $281,021
TOTAL EXPENSES $333,021

Year-over-Year Comparison

2023 2022 Change
Revenue $336,780 $109,700 +2.1%
Expenses $333,021 $117,106 +1.8%
Net Income $3,759 $-7,406 -1.5%
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

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Governance

Voting Members
9
Independent Members
9
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
7
$102,000
Total Directors
14
$102,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAIGE CURRY PRESIDENT 2.00
Officer Director
$0 $0 $0
STEVE BECKLEY FORMER VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
VICKY NASH EXECUTIVE DIRECTOR END OCT 23 1.00
Officer Director
$50,000 $0 $50,000
MARK BEGICH FORMER PRESIDENT 1.00
Officer Director
$0 $0 $0
LYN HARWELL FORMER TREASURER 1.00
Officer Director
$0 $0 $0
JANET ABBOTT EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
JAKE FOERSTNER SECRETARY 1.00
Officer Director
$0 $0 $0
ANDY BARHAM MEMBER 1.00
Director
$0 $0 $0
MIKE WATTS MEMBER 1.00
Director
$0 $0 $0
BEN SLUSSER MEMBER 1.00
Director
$0 $0 $0
BRYAN YEAROUT MEMBER 1.00
Director
$0 $0 $0
DAVID DRONET MEMBER 1.00
Director
$0 $0 $0
ROB KLINE MEMBER 1.00
Director
$0 $0 $0
JESSICA MEATH EXECUTIVE DIRECTOR STARTED OCT 23 40.00
Officer Director
$52,000 $0 $52,000
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
2023 $336,780 $333,021 $83,897 $3,759
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