COLORADO TENNIS ASSOCIATION

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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

1982

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

COLORADO TENNIS ASSOCIATION, founded in 1982, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023.

Mission

PROMOTE AND DEVELOP TENNIS IN COLORADO. DIVERSITY AND INCLUSION IS A STRATEGIC PRIORITY FOR CTA AND ONE OF OUR CORE VALUES.

Program Service Accomplishments

Program 1

Expenses: $1,776,236

CTA PROMOTES AMATEUR TENNIS GROWTH AND DEVELOPMENT WITHIN COLORADO AND PROVIDES USTA SANCTIONED CLINICS, CAMPS, AND INSTRUCTION PROGRAMS, LEAGUES, AND TOURNAMENTS TO BOTHJUNIORS AND...

CTA PROMOTES AMATEUR TENNIS GROWTH AND DEVELOPMENT WITHIN COLORADO AND PROVIDES USTA SANCTIONED CLINICS, CAMPS, AND INSTRUCTION PROGRAMS, LEAGUES, AND TOURNAMENTS TO BOTHJUNIORS AND ADULTS.UNDUPLICATED NUMBER SERVED: ABOUT 30000NUMBER OF MEMBERS AT 12/31/2023: 20,689

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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 (2023)

Revenue Breakdown

Contributions & Grants $843,569

Program Service Revenue $1,332,657

Investment Income $27,424

Other Revenue $16,000

TOTAL REVENUE $2,219,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,427,764

Fundraising Expenses $225,908

Program Expenses $1,776,236

Other Expenses $761,377

TOTAL EXPENSES $2,189,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,219,650	$2,097,444	+0.1%
Expenses	$2,189,141	$1,999,279	+0.1%
Net Income	$30,509	$98,165	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

185

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

$183,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRITZ GARGER	EXECUTIVE DIRECTOR	40.00	Officer	$183,745	$0	$183,745
LISA SCHAEFER	ASSOCIATE DIRECTOR	40.00	Highest	$122,244	$0	$122,244
JASON ROGERS	LEAGUES DIRECTOR	40.00	Highest	$121,362	$0	$121,362
KURT DESAUTELS	COMMUNICATIONS DIRECTOR	40.00	Highest	$107,000	$0	$107,000
JASON COLTER	TOURNAMENT OPERATIONS DIRECTO	40.00	Highest	$104,150	$0	$104,150
LAURA ECTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SUTER	DIRECTOR	1.00	Director	$0	$0	$0
TOM VON DE HEY	DIRECTOR	1.00	Director	$0	$0	$0
KENNY ORIVE	DIRECTOR	1.00	Director	$0	$0	$0
MARC KNUTILA	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MARK SCRUGGS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WENDT III	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE HOULDSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN PETERS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY BROOKENS	DIRECTOR	0.00	Director	$0	$0	$0
KATE WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JON MESSICK	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE TAVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA FINAN	TREASURER	2.00	Officer Director	$0	$0	$0
GONZO GARCIA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ED ANDERSON	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN BOLTON	PRESIDENT	2.00	Officer Director	$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	No data	No data	No data	No data
2023	$2,219,650	$2,189,141	$1,586,016	$30,509
2022	$2,097,444	$1,999,279	$1,064,211	$98,165
2021	$2,210,435	$1,755,104	$1,001,755	$455,331
2020	$1,701,298	$1,686,487	$466,870	$14,811
2019	$2,093,112	$2,064,936	$489,307	$28,176
2018	$2,126,765	$2,092,322	$485,873	$34,443