COLORADO SPRINGS SPORTS CORPORATION (EIN 840811908) - 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

1978

Legal Domicile

Principal Officer

MEGAN LEATHAM

Phone

7196347333

Tax Period

2024-01-01 to 2024-12-31

COLORADO SPRINGS SPORTS CORPORATION, founded in 1978, is a community nonprofit in the Recreation & Sports sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $2.7M left a modest 6% surplus.

Mission

THE CORPORATION WAS FORMED TO HELP STAGE THE FIRST NATIONAL SPORTS FESTIVAL. CSSC SET OUT TO ESTABLISH A STRONG REGIONAL SPORTS PRESENCE THROUGH ECONOMIC DEVELOPMENT, EVENT PROMOTION, AND COMPLETE DEDICATION TO OUR YOUTH SPORT AND COMMUNITY DEVELOPMENT ACTIVITIES.

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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 $1,837,129

Program Service Revenue $814,041

Investment Income $163,393

Other Revenue $1,662

TOTAL REVENUE $2,816,225

Expense Breakdown

Grants Paid $211,152

Salaries & Benefits $1,166,102

Fundraising Expenses $313,739

Program Expenses $1,937,754

Other Expenses $1,275,792

TOTAL EXPENSES $2,653,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,816,225	$3,110,064	-0.1%
Expenses	$2,653,046	$2,273,155	+0.2%
Net Income	$163,179	$836,909	-0.8%

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

1580

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

$435,381

Total Directors

$297,380

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALT GLOVER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
N/A	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATIE WILLEMARCK	TREASURER	1.00	Officer Director	$0	$0	$0
LESLEY IRVINE	SECRETARY	1.00	Officer Director	$0	$0	$0
ABBY BARTOLOTTA	MEMBER	1.00	Director	$0	$0	$0
ANN CESARE	MEMBER	1.00	Director	$0	$0	$0
JAMIE FABOS	MEMBER	1.00	Director	$0	$0	$0
DIRK R HOBBS	MEMBER	1.00	Director	$0	$0	$0
JERRY MAYES	MEMBER	1.00	Director	$0	$0	$0
DEAN NAKAMURA	MEMBER	1.00	Director	$0	$0	$0
NATHAN PINE	MEMBER	1.00	Director	$0	$0	$0
DOUG PRICE	MEMBER	1.00	Director	$0	$0	$0
NICK RAGAIN	MEMBER	1.00	Director	$0	$0	$0
JOHNNA REEDER-KLEYMEYER	MEMBER	1.00	Director	$0	$0	$0
CHRIS REEN	MEMBER	1.00	Director	$0	$0	$0
STEVE SMITH	MEMBER	1.00	Director	$0	$0	$0
MARTIN WOOD	MEMBER	1.00	Director	$0	$0	$0
JENNIFER WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
MARISA WIGGLESWORTH	MEMBER	1.00	Director	$0	$0	$0
MEGAN LEATHAM	PRESIDENT AN	40.00	Officer Director	$277,620	$19,760	$297,380
AUBREY MCCOY	COO	40.00	Officer	$132,500	$5,501	$138,001
BRIANNA GOODWIN	CHIEF DEV. O	40.00	Highest	$110,000	$5,605	$115,605

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	$2,816,225	$2,653,046	$5,048,938	$163,179
2023	$3,110,064	$2,273,155	$4,713,137	$836,909
2022	$1,891,049	$1,795,979	$3,540,307	$95,070
2021	$2,084,620	$1,718,338	$3,652,409	$366,282
2020	$1,454,545	$1,155,675	$3,052,066	$298,870
2019	$1,790,116	$1,657,460	$2,589,489	$132,656
2018	$1,956,422	$1,691,447	$2,251,249	$264,975

COLORADO SPRINGS SPORTS CORPORATION