ADVANCING NORTHERN 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

Legal Domicile

Principal Officer

Thomas Lucero

Phone

9706828296

Tax Period

2021-01-01 to 2021-12-31

ADVANCING NORTHERN COLORADO is a small nonprofit that reported $254K in total revenue in fiscal year 2021. Revenue surged 98% from the prior year, signaling strong growth momentum. Expenses of $241K left a modest 5% surplus.

Mission

ADVANCING NORTHERN COLORADO IS DEDICATED TO HIGHLIGHTING AND PROMOTING THE POSITIVE REGIONAL ECONOMIC DEVELOPMENT HAPPENING IN NORTHERN COLORADO.

Program Service Accomplishments

Program 1

Expenses: $129,511

ADVANCING NORTHERN COLORADO PROMOTED AWARENESS ABOUT REGIONAL ECONOMIC DEVELOPMENT IN NORTHERN COLORADO BY PUBLICIZING ON ITS WEBSITE MEDIA COVERAGE OF ECONOMIC DEVELOPMENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $253,808

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $253,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,500

Fundraising Expenses $51,500

Program Expenses $129,511

Other Expenses $148,185

TOTAL EXPENSES $241,185

Year-over-Year Comparison

	2021	2020	Change
Revenue	$253,808	$128,501	+1.0%
Expenses	$241,185	$138,086	+0.7%
Net Income	$12,623	$-9,585	-2.3%

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

N/A

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

$41,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Lucero	Director	4.00	Officer	$41,500	$0	$41,500

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
2021	$253,808	$241,185	$16,397	$12,623