Independent Community Bankers of C… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

Michael Van Norstrand

Phone

3038322000

Tax Period

2024-01-01 to 2024-12-31

Independent Community Bankers of Colo, founded in 1973, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 6% surplus.

Mission

To enhance and promote strong, profitable, independent community banks; advance common legislative and regulatory concerns; provide a forum that promotes ideas, relationships and communication of common objectives...To serve and promote communities throughout Colorado.

Program Service Accomplishments

Program 1

Various services to maintain and promote independent banking practices as designated in the Organization's Articles of Incorporation.

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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 $829,604

Program Service Revenue $261,899

Investment Income $55,219

Other Revenue $37,277

TOTAL REVENUE $1,183,999

Expense Breakdown

Grants Paid $18,750

Salaries & Benefits $443,677

Fundraising Expenses $0

Other Expenses $644,866

TOTAL EXPENSES $1,107,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,183,999	$1,114,195	+0.1%
Expenses	$1,107,293	$1,066,411	+0.0%
Net Income	$76,706	$47,784	+0.6%

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

Volunteers

N/A

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

$414,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Walker	Director	1.00	Director	$0	$0	$0
Travis Goeglein	Director	1.00	Director	$0	$0	$0
Kathryn Perry	Director	1.00	Director	$0	$0	$0
Dan Ebert	Director	1.00	Director	$0	$0	$0
Tim Croissant	Director	1.00	Director	$0	$0	$0
Robert Holt	Director	1.00	Director	$0	$0	$0
Andrew Trainor	Director	1.00	Director	$0	$0	$0
John Stelzriede	Director	1.00	Director	$0	$0	$0
Ed Rarick	Director	1.00	Director	$0	$0	$0
Lora Rose	Director	1.00	Director	$0	$0	$0
Bruce Hellbaum	Director	1.00	Director	$0	$0	$0
Mark Brase	Director	1.00	Director	$0	$0	$0
Sean Lening	Director	1.00	Director	$0	$0	$0
Joe Martinez	Director	1.00	Director	$0	$0	$0
Jeris Romeo	Director	1.00	Director	$0	$0	$0
Wade Gebhardt	Director	1.00	Director	$0	$0	$0
PJ Wharton	ICBA State Director	1.00	Director	$0	$0	$0
Bill Mitchell Non-Voting	Advisory Member	1.00	Director	$0	$0	$0
Michael Van Norstrand	Executive Director	40.00	Officer	$216,943	$35,125	$252,068
MaeLynn Lewis	Secretary/Treasurer	40.00	Officer	$134,298	$28,338	$162,636
Randy Younger	Chairman	1.00	Officer	$0	$0	$0
Tom Ogaard	President	1.00	Officer	$0	$0	$0
Mike Hurst	President-Elect	1.00	Officer	$0	$0	$0

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	$1,183,999	$1,107,293	$1,158,175	$76,706
2023	$1,114,195	$1,066,411	$1,081,469	$47,784
2022	$1,076,816	$1,077,536	$1,033,685	$-720
2021	$984,421	$924,424	$1,034,405	$59,997
2020	$886,492	$777,159	$974,408	$109,333
2019	$983,863	$1,078,505	$865,075	$-94,642
2018	$960,199	$954,946	$959,717	$5,253

Independent Community Bankers of Colo