THE COLORADO SPRINGS SCHOOL

EIN: 840517369 501(c)(3) Education

COLORADO SPRINGS, CO

Total Revenue
$7,259,851
Total Expenses
$8,339,550
Total Assets
$6,851,151
Net Assets
$4,046,451
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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
1962
Legal Domicile
CO
Principal Officer
DAVE MCADAMS
Phone
7194759747
Tax Period
2022-07-01 to 2023-06-30

THE COLORADO SPRINGS SCHOOL, founded in 1962, is a community nonprofit in the Education sector that reported $7.3M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $8.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO OPERATE A PRIVATE AND INDEPENDENT SCHOOL FOR GRADES PRESCHOOL THROUGH 12.

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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 (2022)

Revenue Breakdown

Contributions & Grants $695,517
Program Service Revenue $5,998,581
Investment Income $10,363
Other Revenue $555,390
TOTAL REVENUE $7,259,851

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,877,759
Fundraising Expenses $296,809
Program Expenses $5,176,896
Other Expenses $3,461,791
TOTAL EXPENSES $8,339,550

Year-over-Year Comparison

2022 2021 Change
Revenue $7,259,851 $6,659,098 +0.1%
Expenses $8,339,550 $7,075,333 +0.2%
Net Income $-1,079,699 $-416,235 +1.6%
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

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Governance

Voting Members
10
Independent Members
10
Employees
121
Volunteers
117

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
5
$320,789
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER KELLY PRESIDENT 2.00
Officer Director
$0 $0 $0
MIKE MCGRATH TREASURER 2.00
Officer Director
$0 $0 $0
JILL RICHARDI SECRETARY 2.00
Officer Director
$0 $0 $0
SARAH BARTZ TRUSTEE 2.00
Director
$0 $0 $0
JON STEPLETON TRUSTEE 2.00
Director
$0 $0 $0
EMILY EVANS TRUSTEE 2.00
Director
$0 $0 $0
BEN RALSTON TRUSTEE 2.00
Director
$0 $0 $0
KSHARMA BELSARE TRUSTEE 2.00
Director
$0 $0 $0
LORIE MALONE TRUSTEE 2.00
Director
$0 $0 $0
DAVE MCADAMS TRUSTEE 2.00
Director
$0 $0 $0
TAMBI TYLER HEAD OF SCHOOL 40.00
Officer
$204,292 $15,251 $219,543
KAREN GROVER CFO 40.00
Officer
$79,587 $21,659 $101,246
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 $7,259,851 $8,339,550 $6,851,151 $-1,079,699
2022 $6,659,098 $7,075,333 $8,210,273 $-416,235
2021 $5,773,914 $6,230,874 $10,264,917 $-456,960
2020 $5,594,494 $6,341,269 $10,600,034 $-746,775
2019 $5,790,792 $6,387,206 $10,040,289 $-596,414
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