COLORADO SCHOOL OF MINES FOUNDATION

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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

1951

Legal Domicile

Principal Officer

REBECCA LEEWAYE

Phone

3032733143

Tax Period

2024-07-01 to 2025-06-30

COLORADO SCHOOL OF MINES FOUNDATION, founded in 1951, is a mid-sized nonprofit in the Education sector that reported $53.6M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $51.2M left a modest 5% surplus.

Mission

TO SUPPORT THE UNIVERSITY, ITS ACADEMIC PROGRAMS, AND ITS STUDENTS, AND TO FOSTER ALUMNI RELATIONS. SEE SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $37,010,190 Revenue: $3,482,751

PROVIDE FINANCIAL SUPPORT TO THE COLORADO SCHOOL OF MINES AND ITS VARIOUS DEPARTMENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $39,050,146

Program Service Revenue $3,482,751

Investment Income $10,238,613

Other Revenue $835,179

TOTAL REVENUE $53,606,689

Expense Breakdown

Grants Paid $37,010,190

Salaries & Benefits $8,782,686

Fundraising Expenses $8,235,495

Program Expenses $37,010,190

Other Expenses $5,385,945

TOTAL EXPENSES $51,178,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,606,689	$66,766,471	-0.2%
Expenses	$51,178,821	$42,525,583	+0.2%
Net Income	$2,427,868	$24,240,888	-0.9%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

249

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

$877,013

Total Directors

Key Employees

$960,817

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD E JANZEN	CHAIR	1.00	Officer Director	$0	$0	$0
NANCY A KEEGAN	AT LARGE	1.00	Director	$0	$0	$0
SANDRA STASH	AT LARGE	1.00	Director	$0	$0	$0
ANDREW P SWIGER	AT LARGE	1.00	Director	$0	$0	$0
GEORGE PULS III	AT LARGE	1.00	Director	$0	$0	$0
FRANCES M VALLEJO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JACKIE HANEY	AT LARGE	1.00	Director	$0	$0	$0
MELANIE WESTERGAARD	AT LARGE	1.00	Director	$0	$0	$0
RODNEY J EICHLER	AT LARGE	1.00	Director	$0	$0	$0
BRIAN WINKELBAUER	PRESIDENT/CEO	40.00	Officer	$497,167	$63,103	$560,270
STEVE KREIDLER	CHIEF BUSINESS OFFICER	40.00	Officer	$292,991	$23,752	$316,743
DOUG MAYO	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$298,182	$39,302	$337,484
DEAN LAATT	AVP DEVELOPMENT	40.00	Key Emp	$208,190	$27,477	$235,667
MARC MCLEAN	MANAGING DIRECTOR, BUSINESS ENTERPRISES	40.00	Key Emp	$181,807	$2,859	$184,666
REBECCA LEEWAYE	AVP FINANCE, TREASURER	40.00	Key Emp	$176,467	$26,533	$203,000
MICHAEL OBER	SENIOR INFORMATION OFFICER	40.00	Highest	$168,600	$26,415	$195,015
EMILY KELTON	AVP, CORP & FND RELATIONS	40.00	Highest	$150,990	$30,294	$181,284
RICHARD GRAW	SENIOR DIRECTOR, DEVELOPMENT	40.00	Highest	$145,768	$31,535	$177,303
GRETCHEN GILLILAND	SENIOR DIRECTOR, MAJOR GIFTS	40.00	Highest	$149,045	$17,166	$166,211
CHRISTIAN SAVA	AVP, ADVANCEMENT OPERATIONS	40.00	Highest	$140,826	$31,171	$171,997

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	$53,606,689	$51,178,821	$537,778,583	$2,427,868
2024	$66,766,471	$42,525,583	$492,934,636	$24,240,888
2023	$34,178,818	$35,700,435	$446,656,936	$-1,521,617
2022	$49,131,943	$46,122,827	$425,843,908	$3,009,116
2021	$51,230,364	$39,139,415	$498,116,396	$12,090,949
2020	$70,186,374	$35,816,718	$387,126,774	$34,369,656
2019	$28,990,411	$36,395,505	$360,742,945	$-7,405,094