COLORADO PUBLIC TELEVISION

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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

1977

Legal Domicile

Principal Officer

ROBERT SPRINGER

Phone

3032961212

Tax Period

2024-10-01 to 2025-09-30

COLORADO PUBLIC TELEVISION, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2024. Net assets of $13.2M represent 26 months of operating reserves.

Mission

PBS12 COLORADO IS RE-IMAGINING HOW PUBLIC MEDIA CAN SERVE THE COMMUNITY. CONTENT: CREATING UNIQUE, LOCAL CONTENT THAT SHARES STORIES AND VIEWPOINTS THAT MIGHT OTHERWISE BE LOST. EDUCATION: PREPARING THE NEXT GENERATION OF CONTENT CREATORS WITH THE EXPERIENCES AND MENTORSHIPS THAT WILL EMPOWER THEM TO CARRY FORWARD A RICH TRADITION OF ETHICAL STORYTELLING. SERVICE: LEVERAGING OUR UNIQUE TALENTS, TECHNOLOGIES, AND FACILITIES TO PROVIDE GROWTH OPPORTUNITIES AT NO OR LOW COST TO COMMUNITY ORGANIZATIONS AND INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $2,657,721 Revenue: $2,831,688

PROGRAMMING AND PRODUCTION - ANY FUNCTIONS RELATED TO THE ACQUISITION, SCHEDULING AND BROADCASTING OF TELEVISION PROGRAMS OF EDUCATIONAL AND INFORMATIONAL CONTENT GEARED TO THE INTEREST OF THE...

PROGRAMMING AND PRODUCTION - ANY FUNCTIONS RELATED TO THE ACQUISITION, SCHEDULING AND BROADCASTING OF TELEVISION PROGRAMS OF EDUCATIONAL AND INFORMATIONAL CONTENT GEARED TO THE INTEREST OF THE COMMUNITY AS WELL AS ENTERTAINMENT SPECIALS NOT AVAILABLE LOCALLY. ALSO PRODUCING TELEVISION PROGRAMMING THAT IS NOT ACQUIRED AND THE RELATED FUNCTIONS TO PRODUCE SUCH PROGRAMS. LOCAL PUBLIC AFFAIRS COVERING COMMUNITY ISSUES AND INTERNATIONAL TOPICS ARE OF MAJOR FOCUS.

Program 2

Expenses: $940,961 Revenue: $0

TRANSMISSION - FUNCTIONS RELATED TO THE MAINTENANCE, INSTALLATION AND DISSEMINATION OF THE TECHNICAL APPARATUS RELATING TO TELEVISED PROGRAMS.

Program 3

Expenses: $771,569 Revenue: $0

PUBLIC INFORMATION - ANY ACTIVITY RELATED TO INCREASING PUBLIC AWARENESS OF PROVIDED SERVICES. PRINT INFORMATION AND INCREASING ELECTRONIC ACTIVITY PROVIDE THE TOOLS TO DO SO. INTERACTIVE COMMUNITY...

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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 $3,114,224

Program Service Revenue $2,807,307

Investment Income $86,323

Other Revenue $52,717

TOTAL REVENUE $6,060,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,254,035

Fundraising Expenses $752,195

Program Expenses $4,370,251

Other Expenses $4,104,607

TOTAL EXPENSES $6,358,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,060,571	$5,616,624	+0.1%
Expenses	$6,358,642	$6,206,049	+0.0%
Net Income	$-298,071	$-589,425	-0.5%

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

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

$279,673

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DESSA BOKIDES	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
CHRISTINE SMITH	BOARD VICE CHAIR	4.00	Officer Director	$0	$0	$0
JASON STOUT	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE BENERO	DIRECTOR	1.00	Director	$0	$0	$0
LEANNA CLARK	DIRECTOR (THROUGH 02/2025)	1.00	Director	$0	$0	$0
MARK CORNETTA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DRUCKER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
JON SHAVER	DIRECTOR	1.00	Director	$0	$0	$0
JUNE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY WHITE	TREASURER/VP OF FINANCE	40.00	Officer	$128,411	$7,849	$136,260
FRANCES MATTHEWS	INTERIM PRESIDENT (THROUGH 10/2024)	20.00	Officer	$90,000	$0	$90,000
ROBERT SPRINGER	PRESIDENT/GM (AS OF 11/2024)	40.00	Officer	$53,413	$0	$53,413

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	$6,060,571	$6,358,642	$13,781,381	$-298,071
2024	$5,616,624	$6,206,049	$12,953,707	$-589,425
2023	$5,217,694	$4,460,777	$11,855,167	$756,917
2022	$3,609,635	$3,764,170	$10,363,691	$-154,535
2021	$4,441,566	$3,638,666	$11,762,794	$802,900
2020	$3,622,017	$3,766,545	$10,094,793	$-144,528
2019	$4,462,352	$4,299,525	$10,108,250	$162,827
2018	$4,964,036	$3,995,420	$9,804,878	$968,616