COLORADO RESTAURANT ASSOCIATION

EIN: 840503735

DENVER, CO

Total Revenue
$3,654,314
Total Expenses
$3,588,093
Total Assets
$3,202,930
Net Assets
$2,342,448
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
CO
Principal Officer
SONIA RIGGS
Phone
3038302972
Tax Period
2024-01-01 to 2024-12-31

COLORADO RESTAURANT ASSOCIATION, founded in 1933, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024.

Mission

DEDICATED TO THE ENHANCEMENT AND SUCCESS OF COLORADO'S FOOD SERVICE INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,887,542
Investment Income $219,507
Other Revenue $547,265
TOTAL REVENUE $3,654,314

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $2,311,258
Fundraising Expenses $0
Program Expenses $2,514,351
Other Expenses $1,256,835
TOTAL EXPENSES $3,588,093

Year-over-Year Comparison

2024 2023 Change
Revenue $3,654,314 $3,384,704 +0.1%
Expenses $3,588,093 $3,456,281 +0.0%
Net Income $66,221 $-71,577 -1.9%
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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Governance

Voting Members
40
Independent Members
40
Employees
22
Volunteers
65

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
18
$376,527
Total Directors
57
$0
Key Employees
2
$374,485
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AILEEN REILLY VICE CHAIR-GOV AFFRS (THRU 10/24)/CHAIR 3.00
Officer Director
$0 $0 $0
MARC STERON CHAIR (THRU 10/24)/IMMEDIATE PAST CHAIR 3.00
Officer Director
$0 $0 $0
DANIEL RAMIREZ IMMEDIATE PAST CHAIR (THRU 10/24) 3.00
Officer Director
$0 $0 $0
JASON GUMER VICE CHAIR-COMMUNICATION (THRU 10/24)/VICE CHAIR 2.00
Officer Director
$0 $0 $0
JASON GANAHL DIRECTOR (THRU 10/24)/VICE CHAIR-COMMUNICATION 1.00
Officer Director
$0 $0 $0
STEPHANIE TURNER VICE CHAIR-CONVENTION & EVENTS 2.00
Officer Director
$0 $0 $0
DAVID PATTERSON VICE CHAIR-MEMBERSHIP 2.00
Officer Director
$0 $0 $0
PHILIPPE FAILYAU SECRETARY (THRU 10/24)/VICE CHAIR AT LARGE 2.00
Officer Director
$0 $0 $0
PETER HOGLUND VICE CHAIR-AT LARGE 2.00
Officer Director
$0 $0 $0
DANA QUERY VICE CHAIR-AT LARGE (THRU 10/24) 2.00
Officer Director
$0 $0 $0
MELISSA BROOKS VICE CHAIR-CRF 2.00
Officer Director
$0 $0 $0
ANDY QUARM TREASURER (THRU 10/24)/CONTROLLER 2.00
Officer Director
$0 $0 $0
SAMUEL AGHBASHIAN CONTROLLER (THRU 10/24) 2.00
Officer Director
$0 $0 $0
CATHERINE COONEY DIRECTOR (THRU 10/24)/TREASURER 2.00
Officer Director
$0 $0 $0
LAURA MCGINLEY VICE CHAIR-MEMBERSHIP (THRU 10/24)/SECRETARY 2.00
Officer Director
$0 $0 $0
MARC BRINKERHOFF VICE CHAIR-CONVENTION & EVENTS (THRU 10/24)/DIR 2.00
Officer Director
$0 $0 $0
CHRIS WEIL CRF VICE-CHAIR (THRU 10/24) 2.00
Officer Director
$0 $0 $0
DANIEL ASHER DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA AYALA DIRECTOR 1.00
Director
$0 $0 $0
TODD CLARK DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPER DAVIS-MASSEY DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
MANDI DAVIS DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
ADAM DEUTSCHMANN DIRECTOR 1.00
Director
$0 $0 $0
JOSH DINAR DIRECTOR 1.00
Director
$0 $0 $0
ROBERT DURAN DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
RYAN FLETTER DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
KEN FREEMAN DIRECTOR 1.00
Director
$0 $0 $0
BETH GINBERG DIRECTOR 1.00
Director
$0 $0 $0
CARRIE HART DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
ALICIA HARMON DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
PATRICK HARTNETT DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
JOE HAYES DIRECTOR 1.00
Director
$0 $0 $0
PETEY HELM DIRECTOR 1.00
Director
$0 $0 $0
JEFF HINDMAN DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
JOHN IMBERGAMO DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
KATE KAUFMAN DIRECTOR 1.00
Director
$0 $0 $0
DAN KLEHM DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
CHRIS LANTER DIRECTOR 1.00
Director
$0 $0 $0
CHAD LEAGUE DIRECTOR 1.00
Director
$0 $0 $0
JASON LESSNAU DIRECTOR 1.00
Director
$0 $0 $0
KRISTIE MANSUR DIRECTOR 1.00
Director
$0 $0 $0
TORI MATEER DIRECTOR 1.00
Director
$0 $0 $0
TJ MESSERSCHMITT DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
TONY MILAZZO DIRECTOR 1.00
Director
$0 $0 $0
MATT MORGAN DIRECTOR 1.00
Director
$0 $0 $0
JAMES PARK DIRECTOR 1.00
Director
$0 $0 $0
ROB RITA DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
DANA RODRIGUEZ DIRECTOR 1.00
Director
$0 $0 $0
RICHARD SCHNEIDER DIRECTOR 1.00
Director
$0 $0 $0
NICK SHARP DIRECTOR 1.00
Director
$0 $0 $0
JENNY SHERMAN DIRECTOR 1.00
Director
$0 $0 $0
MARK STANLEY DIRECTOR 1.00
Director
$0 $0 $0
PAUL SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
REBECCA TARABORELLI DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
ALICE TOMLIN DIRECTOR 1.00
Director
$0 $0 $0
KARRIE WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
RYAN ZINK DIRECTOR 1.00
Director
$0 $0 $0
SONIA RIGGS PRESIDENT & CEO 39.00
Officer
$314,057 $43,050 $376,527
DEVANY MCNEILL VP - STRATEGIC PARTNERSHIP 39.00
Key Emp
$136,454 $19,104 $193,233
JENNIFER JOHNSON BIZ DEVELOPMENT & ENGAGEMENT MGR 40.00
Key Emp
$169,329 $11,923 $181,252
LAURA SHUNK CRF PRESIDENT 1.00
Highest
$2,860 $32,708 $163,088
MICHAEL REED CONTROLLER 39.00
Highest
$121,319 $10,578 $153,173
DENISE MICKELSEN DIRECTOR OF COMMUNICATION 39.00
Highest
$65,487 $30,633 $131,971
COLIN LARSON DIRECTOR OF GOVERNMENT AFFAIRS 40.00
Highest
$115,314 $16,036 $131,350
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 $3,654,314 $3,588,093 $3,202,930 $66,221
2023 $3,384,704 $3,456,281 $3,136,275 $-71,577
2022 $3,222,102 $3,098,153 $3,208,496 $123,949
2021 $2,501,451 $2,448,473 $3,078,817 $52,978
2020 $1,951,879 $2,083,892 $2,672,468 $-132,013
2019 $2,504,545 $2,472,084 $2,626,543 $32,461
2018 $2,059,675 $2,244,145 $2,633,152 $-184,470
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