WESTERN COLORADO UNIVERSITY FOUNDATION

EIN: 840709935 501(c)(3)

GUNNISON, CO

Total Revenue
$7,993,272
Total Expenses
$7,168,652
Total Assets
$44,856,852
Net Assets
$43,763,515
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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
1975
Legal Domicile
CO
Principal Officer
MIKE LAPLANTE
Phone
9706412237
Tax Period
2023-07-01 to 2024-06-30

WESTERN COLORADO UNIVERSITY FOUNDATION, founded in 1975, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2023. Expenses of $7.2M left a modest 10% surplus.

Mission

THE MISSION OF THE FOUNDATION IS TO AID, DIRECTLY OR INDIRECTLY, WESTERN COLORADO UNIVERSITY IN FULFILLING ITS EDUCATIONAL PURPOSES

Program Service Accomplishments

Program 1
Expenses: $6,283,319

EXPENDITURE OF FUNDS FOR THE BENEFIT OF, OR USE BY, WESTERN COLORADO UNIVERSITY

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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 $6,298,291
Program Service Revenue $0
Investment Income $1,511,208
Other Revenue $183,773
TOTAL REVENUE $7,993,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,214,315
Fundraising Expenses $394,934
Program Expenses $6,283,319
Other Expenses $5,954,337
TOTAL EXPENSES $7,168,652

Year-over-Year Comparison

2023 2022 Change
Revenue $7,993,272 $8,311,644 0.0%
Expenses $7,168,652 $5,272,955 +0.4%
Net Income $824,620 $3,038,689 -0.7%
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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Governance

Voting Members
17
Independent Members
17
Employees
5
Volunteers
25

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ART CHAPUT DIRECTOR N/A
Director
$0 $0 $0
BRIAN COOPER DIRECTOR N/A
Director
$0 $0 $0
CHIP CREAGER DIRECTOR N/A
Director
$0 $0 $0
DON FARLOW DIRECTOR N/A
Director
$0 $0 $0
DENISE HALLIGAN DIRECTOR N/A
Director
$0 $0 $0
VALERIE HASTINGS PRESIDENT N/A
Officer Director
$0 $0 $0
PAULA HENDRICKSON TREASURER N/A
Officer Director
$0 $0 $0
TRACY HOART DIRECTOR N/A
Director
$0 $0 $0
JEFF HOLWAY DIRECTOR N/A
Director
$0 $0 $0
BRIAN JOHNSON DIRECTOR N/A
Director
$0 $0 $0
RYAN LILES DIRECTOR N/A
Director
$0 $0 $0
KATHY LOCKHART DIRECTOR N/A
Director
$0 $0 $0
BILL PADDOCK DIRECTOR N/A
Director
$0 $0 $0
CAROL RIEGER SECRETARY N/A
Officer Director
$0 $0 $0
JOANIE TODD DIRECTOR N/A
Director
$0 $0 $0
HANK WINDMOELLER DIRECTOR N/A
Director
$0 $0 $0
MIKE LAPLANTE EXECUTIVE DI 40.00
Officer
$0 $0 $0
RUTH WELCH VICE PRESIDE N/A
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
2025 No data No data No data No data
2024 $7,993,272 $7,168,652 $44,856,852 $824,620
2023 $8,311,644 $5,272,955 $39,556,452 $3,038,689
2022 $6,742,996 $4,444,653 $32,837,627 $2,298,343
2021 $7,286,497 $3,389,913 $34,033,644 $3,896,584
2020 $5,760,406 $3,215,148 $25,153,827 $2,545,258
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