THE COLORADO SPRINGS SCHOOL

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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

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

THROUGH SUPERIOR ACADEMICS AND MENTORING, THE COLORADO SPRINGS SCHOOL PREPARES STUDENTS TO THINK INDEPENDENTLY AND TO MEET THE NEEDS OF A DYNAMIC WORLD WITH LEADERSHIP, INGENUITY, PROBLEM-SOLVING SKILLS, AND PERSONAL INTEGRITY.

Program Service Accomplishments

Program 1

Expenses: $4,668,935 Revenue: $5,939,481

INSTRUCTIONAL - THE COLORADO SPRINGS SCHOOL USES THE HANDS-ON EXPERIENTIAL TEACHING METHOD THAT TEACHES TO STUDENTS WEAKNESSES, STRETCHING STUDENTS WHILE BUILDING THEIR CONFIDENCE. APPROXIMATELY 300...

Program 2

Expenses: $85,818 Revenue: $59,100

TRANSPORTATION - OUR BUS SERVICE IS AVAILABLE FOR STUDENTS WHO LIVE OUTSIDE THE 80906 ZIP CODE TO MAKE IT EASIER FOR THEM TO ATTEND THE COLORADO SPRINGS SCHOOL. APPROXIMATELY 60 STUDENTS RIDE ONE OF TWO DAILY BUS ROUTES FOR PICKUP AND DROPOFF DURING THE YEAR, AND NEARLY ALL STUDENTS RIDE A VAN OR ACTIVITY BUS TO A SEMINAR, ATHLETIC EVENT OR FIELDTRIP.

Program 3

Expenses: $254,847 Revenue: $227,160

DINING HALL SERVICE IS AVAILABLE TO KINDERGARTEN THROUGH TWELFTH GRADE STUDENTS, PROVIDING A VARIETY OF FOOD CHOICES DURING THE SCHOOL DAY. THE SCHOOL SERVES APPROXIMATELY 150 HOT, DAILY LUNCHES EACH...

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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 $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

Governance

Voting Members

Independent Members

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

$320,789

Total Directors

Key Employees

Highest Compensated

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