Colorado Springs Convention and Visitors Bureau (EIN 840809343) - Form 990 Financial Analysis & Trantor Score

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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

1980

Legal Domicile

Principal Officer

Douglas Price

Phone

7196857628

Tax Period

2024-01-01 to 2024-12-31

Colorado Springs Convention and Visitors Bureau, founded in 1980, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Expenses of $6.0M left a modest 3% surplus.

Mission

We create economic vitality through memorable visits to the wonders of Colorado Springs and the Pikes Peak Region.

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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 $458,199

Program Service Revenue $5,503,908

Investment Income $182,787

Other Revenue $18,851

TOTAL REVENUE $6,163,745

Expense Breakdown

Grants Paid $92,000

Salaries & Benefits $2,097,237

Fundraising Expenses $0

Other Expenses $3,770,460

TOTAL EXPENSES $5,959,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,163,745	$5,739,938	+0.1%
Expenses	$5,959,697	$5,046,847	+0.2%
Net Income	$204,048	$693,091	-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

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

$381,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Marble	Chair (thru 05/24/24)	1.00	Officer Director	$0	$0	$0
Gus Krimm	Chair	1.00	Officer Director	$0	$0	$0
Dave Harris	Treasurer	1.00	Officer Director	$0	$0	$0
Becky Leinweber	Secretary	1.00	Officer Director	$0	$0	$0
Curtis Bova	Director	1.00	Director	$0	$0	$0
Susan Davies	Past Chair	1.00	Director	$0	$0	$0
Scott Flexman	Director	1.00	Director	$0	$0	$0
Jen Furda	Director	1.00	Director	$0	$0	$0
Megan Leatham	Director	1.00	Director	$0	$0	$0
Dan LeClerc	Director	1.00	Director	$0	$0	$0
Wendy McHenry	Director	1.00	Director	$0	$0	$0
Ed Okvath	Director	1.00	Director	$0	$0	$0
Jenny Sherman	Director	1.00	Director	$0	$0	$0
Marisa Wigglesworth	Director	1.00	Director	$0	$0	$0
Douglas Price	President/CEO	40.00	Officer	$263,542	$29,560	$293,102
April Perez	Director of Finance	40.00	Officer	$68,094	$20,187	$88,281
Amy Long	Chief Innovation Officer	40.00	Highest	$118,300	$24,874	$143,174
Kathy Reak	Vice President of Sales	40.00	Highest	$127,145	$4,259	$131,404

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	$6,163,745	$5,959,697	$8,700,682	$204,048
2023	$5,739,938	$5,046,847	$6,654,342	$693,091
2022	$5,910,301	$5,582,454	$5,948,679	$327,847
2021	$5,101,017	$4,385,118	$5,599,246	$715,899
2020	$4,844,458	$3,863,716	$5,038,390	$980,742
2019	$4,527,170	$4,542,553	$2,885,890	$-15,383
2018	$4,653,131	$4,542,546	$3,046,194	$110,585

Colorado Springs Convention and Visitors Bureau