COLORADO SKIES ACADEMY (EIN 834575395) - 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

2019

Legal Domicile

Phone

7204007612

Tax Period

2022-07-01 to 2023-06-30

COLORADO SKIES ACADEMY, founded in 2019, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 31% operating deficit.

Mission

CSA's mission is to inspire successful careers in the aerospace industry with an academically rigorous project-based curriculum that prepares students for advanced secondary and post-secondary education.

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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 (2022)

Revenue Breakdown

Contributions & Grants $336,689

Program Service Revenue $2,243,506

Investment Income $0

Other Revenue $109,323

TOTAL REVENUE $2,689,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,741,223

Fundraising Expenses $0

Program Expenses $1,788,283

Other Expenses $1,794,318

TOTAL EXPENSES $3,535,541

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,689,518	$3,455,581	-0.2%
Expenses	$3,535,541	$3,660,713	0.0%
Net Income	$-846,023	$-205,132	+3.1%

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

Volunteers

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
Ralph Forsythe	Board Member	2.00	Director	$0	$0	$0
Mark Van Tine	Treasurer	2.00	Officer Director	$0	$0	$0
Tommy Bryan	Chair	2.00	Officer Director	$0	$0	$0
Jennfer Bailey	Vice Chair	2.00	Officer Director	$0	$0	$0
Dana Kirchmar	Secretary	2.00	Officer Director	$0	$0	$0
Christa Coryell	Member	2.00	Director	$0	$0	$0
Amy Stocki	Member	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	No data	No data	No data	No data
2023	$2,689,518	$3,535,541	$11,011,794	$-846,023
2022	$3,455,581	$3,660,713	$12,184,865	$-205,132
2021	$3,023,822	$3,358,679	$12,605,716	$-334,857

COLORADO SKIES ACADEMY