APARTMENT ASSOCIATION OF SOUTHERN COLORADO INC

EIN: 840602058

COLORADO SPRINGS, CO

Total Revenue
$912,432
Total Expenses
$840,573
Total Assets
$758,744
Net Assets
$754,772
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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
1970
Legal Domicile
CO
Principal Officer
LAURA NELSON
Phone
7192649195
Tax Period
2023-07-01 to 2024-06-30

APARTMENT ASSOCIATION OF SOUTHERN COLORADO INC, founded in 1970, is a small nonprofit that reported $912K in total revenue in fiscal year 2023. Expenses of $841K left a modest 8% surplus.

Mission

NONPROFIT TRADE ASSOCIATION SERVING TO EDUCATE AND ADVOCATE FOR THE RENTAL HOUSING 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $745,374
Investment Income $16,511
Other Revenue $150,547
TOTAL REVENUE $912,432

Expense Breakdown

Grants Paid $0
Salaries & Benefits $367,784
Fundraising Expenses $0
Other Expenses $472,789
TOTAL EXPENSES $840,573

Year-over-Year Comparison

2023 2022 Change
Revenue $912,432 $855,417 +0.1%
Expenses $840,573 $831,738 +0.0%
Net Income $71,859 $23,679 +2.0%
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
20
Independent Members
20
Employees
5
Volunteers
100

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
6
$116,377
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHLEEN WELCH PRESIDENT 4.00
Officer Director
$0 $0 $0
MICHAEL MALONE PRESIDENT EL 4.00
Officer Director
$0 $0 $0
LARA CARTAGENA MEMBERSHIP 1.00
Officer Director
$0 $0 $0
TONI MOYES TREASURER 1.00
Officer Director
$0 $0 $0
KASSANDRA HAYNESWORTH SECRETARY 1.00
Officer Director
$0 $0 $0
DIRK LAMBERT UTILITY REP. 1.00
Director
$0 $0 $0
TONYA STOROVICH EDUCATION 1.00
Director
$0 $0 $0
SAMANTHA HAUSER COMMUNICATIO 1.00
Director
$0 $0 $0
MATT PACHECO GOVERNMENT A 1.00
Director
$0 $0 $0
DANA LOWRY ORG. EXCELLE 1.00
Director
$0 $0 $0
CARMEN AZZOPARDI BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLA CUSTIS BOARD MEMBER 1.00
Director
$0 $0 $0
DEE DEE YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTOPHER GORAZKOWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
CANDICE KENNEDY BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE RICHARDSON BOARD MEMBER 1.00
Director
$0 $0 $0
ASHLEY BICKIMER BOARD MEMBER 1.00
Director
$0 $0 $0
BECKIE MELLEN BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN MIESSE BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHON CARLSON BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA NELSON EXECUTIVE DI 50.00
Officer
$113,001 $3,376 $116,377
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 $912,432 $840,573 $758,744 $71,859
2023 $855,417 $831,738 $680,317 $23,679
2022 $832,415 $760,657 $654,320 $71,758
2021 $693,789 $645,281 $613,589 $48,508
2020 $610,314 $666,827 $592,359 $-56,513
2019 $766,585 $660,854 $507,629 $105,731
2018 $706,272 $604,767 $397,946 $101,505
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