COLORADO CHAMBER OF COMMERCE FKA CO ASSN OF COMMERCE & INDUSTRY (EIN 840174402) - 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

1965

Legal Domicile

Principal Officer

LOREN FURMAN

Phone

3038317411

Tax Period

2023-01-01 to 2023-12-31

COLORADO CHAMBER OF COMMERCE FKA CO ASSN OF COMMERCE & INDUSTRY, founded in 1965, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 12% surplus.

Mission

THE COLORADO CHAMBER OF COMMERCE MISSION IS TO ENHANCE THE BUSINESS CLIMATE OF THE STATE OF COLORADO BY PROMOTING A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT AND PROVIDING PROGRAMS AND SERVICES FOR ITS MEMBERS, ECONOMIC EDUCATION, SUPPORT FOR LOCAL CHAMBERS OF COMMERCE THROUGHOUT THE STATE OF COLORADO, AND SERVICES TO TRADE ASSOCIATIONS THAT BENEFIT MEMBER COMPANIES.

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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 $0

Program Service Revenue $3,372,079

Investment Income $62,718

Other Revenue $1,500

TOTAL REVENUE $3,436,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,966,523

Fundraising Expenses $0

Other Expenses $1,052,151

TOTAL EXPENSES $3,018,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,436,297	$2,806,419	+0.2%
Expenses	$3,018,674	$2,419,381	+0.2%
Net Income	$417,623	$387,038	+0.1%

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

$543,286

Total Directors

$543,286

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN JACUS	CHAIR	1.00	Officer Director	$0	$0	$0
KREG BROWN	TREAS/CHAIR-	1.00	Officer Director	$0	$0	$0
DAVID F RIVERA	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
ANDREW AHRENDT	MEMBER AT-LA	1.00	Director	$0	$0	$0
STACEY A CAMPBELL	MEMBER AT-LA	1.00	Director	$0	$0	$0
JENNIFER ENGLE	MEMBER AT-LA	1.00	Director	$0	$0	$0
RACHEL NANCE	MEMBER AT-LA	1.00	Director	$0	$0	$0
ROBERTA ROBINETTE	MEMBER AT-LA	1.00	Director	$0	$0	$0
MIKE ANTONUCCI	DIRECTOR	1.00	Director	$0	$0	$0
DOUG BARR	DIRECTOR	1.00	Director	$0	$0	$0
ROGER BARTLETT	DIRECTOR	1.00	Director	$0	$0	$0
KEN BOLSER	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE BROOKSHIRE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT E BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MARIA DEMAREE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ERKER	DIRECTOR	1.00	Director	$0	$0	$0
MAURICIO HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DARRIN HENKE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HOUGEN	DIRECTOR	1.00	Director	$0	$0	$0
BOB HUNT	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
RAY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KELSO	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA KUIPERS	DIRECTOR	1.00	Director	$0	$0	$0
VARAPRASAD MANNE	DIRECTOR	1.00	Director	$0	$0	$0
LEANNE MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
ALANNA MCKIERNAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM MCNAMARA	DIRECTOR	1.00	Director	$0	$0	$0
ANDY NEWLAND	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA OSSE	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY RAZON	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
BILL SCHUCK	DIRECTOR	1.00	Director	$0	$0	$0
AMY SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS SIAKOTOS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SOUTHERN	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA SPARLIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SWINNEY	DIRECTOR	1.00	Director	$0	$0	$0
MEG VANDERLAAN	DIRECTOR	1.00	Director	$0	$0	$0
JACOB WAGER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA WALZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WAMSGANZ	DIRECTOR	1.00	Director	$0	$0	$0
JASON WESTON	DIRECTOR	1.00	Director	$0	$0	$0
SASKIA YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
LOREN FURMAN	PRESIDENT &	40.00	Officer Director	$359,910	$19,749	$379,659
LISA REEVES	SECRETARY	40.00	Officer Director	$143,729	$19,898	$163,627
MEGHAN DOLLAR	SVP GOVT. AF	40.00	Highest	$148,773	$10,422	$159,195
CYNTHIA EVELETH-HAVENS	SVP COMMUNIC	40.00	Highest	$128,477	$10,760	$139,237
LAUREN SCHWARTZ	SVP INVEST.	40.00	Highest	$115,619	$3,409	$119,028
ED SEALOVER	VP STRATEGIC	40.00	Highest	$106,001	$9,006	$115,007
TRICIA SMITH	EVP EVENTS	40.00	Highest	$163,615	$15,651	$179,266

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	No data	No data	No data	No data
2023	$3,436,297	$3,018,674	$3,562,575	$417,623
2022	$2,806,419	$2,419,381	$3,184,522	$387,038
2021	$2,283,205	$2,164,072	$2,206,920	$119,133
2020	$2,067,740	$2,010,361	$1,906,733	$57,379
2019	$2,133,495	$2,095,072	$1,650,690	$38,423
2018	$2,100,245	$2,325,165	$1,776,377	$-224,920

COLORADO CHAMBER OF COMMERCE FKA CO ASSN OF COMMERCE & INDUSTRY