DENVER, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COLORADO ENTERPRISE FUND, founded in 1976, is a mid-sized nonprofit in the Community Improvement sector that reported $12.5M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $11.6M left a modest 7% surplus.
TO ACCELERATE COMMUNITY PROSPERITY BY FINANCING AND SUPPORTING ENTREPRENEURS AND SMALL BUSINESSES.
SMALL BUSINESS LENDING - CEF AGGREGATES AND LEVERAGES CAPITAL TO SPUR INVESTMENT AND BUILD CAPACITY FOR THOSE WHO LACK ACCESS TO CONVENTIONAL FINANCING AND ENTREPRENEURIAL NETWORKS, SPECIFICALLY...
SMALL BUSINESS LENDING - CEF AGGREGATES AND LEVERAGES CAPITAL TO SPUR INVESTMENT AND BUILD CAPACITY FOR THOSE WHO LACK ACCESS TO CONVENTIONAL FINANCING AND ENTREPRENEURIAL NETWORKS, SPECIFICALLY TARGETING UNDERSERVED SMALL BUSINESS OWNERS. CEF PROVIDES FINANCING OPTIONS WHEN BANKS CANNOT LEND OR CANNOT LEND ENOUGH, SPECIALIZING IN LOANS UP TO 1,000,000 FOR NEW AND EXISTING SMALL BUSINESSES AND COMMUNITY ENTERPRISES THROUGHOUT COLORADO. CEF CATALYZES BUSINESS OWNERSHIP AND JOB CREATION BY OFFERING FLEXIBLE FINANCING PRODUCTS, PERSONALIZED CLIENT SUPPORT, ONE-ON-ONE BUSINESS COACHING, AND ACCESS TO ADDITIONAL RESOURCES FOR ENTREPRENEURS.
CEF PARTICIPATES IN NEW MARKETS TAX CREDIT (NMTC) PROJECTS BY PROVIDING PROGRAMMATIC AND ADMINISTRATIVE SERVICES TO PROJECT ENTITIES. CEF'S REVENUE FROM NMTC PROJECTS CONSISTS PRIMARILY OF PROGRAM...
CEF PARTICIPATES IN NEW MARKETS TAX CREDIT (NMTC) PROJECTS BY PROVIDING PROGRAMMATIC AND ADMINISTRATIVE SERVICES TO PROJECT ENTITIES. CEF'S REVENUE FROM NMTC PROJECTS CONSISTS PRIMARILY OF PROGRAM FEES AND CLOSING FEES, WHICH ARE CONTRACTUALLY SPECIFIED AND PAID BY THE PROJECT ENTITIES IN EXCHANGE FOR SERVICES RENDERED, AND THE EXPENSES CONSIST OF CLOSING FEES PAID TO A SPECIALIZED CONSULTING AGENCY THAT ASSISTS WITH THE FACILITATION AND CLOSING OF NMTC PROJECTS.
DURING 2025 AND 2024, CEF CONTINUED TO PARTICIPATE IN PROGRAMS TO ADMINISTER GRANTS TO SMALL BUSINESSES AFFECTED BY ECONOMIC HARDSHIP CAUSED BY THE COVID-19 PANDEMIC, FUNDED BY THE STATE OF COLORADO...
DURING 2025 AND 2024, CEF CONTINUED TO PARTICIPATE IN PROGRAMS TO ADMINISTER GRANTS TO SMALL BUSINESSES AFFECTED BY ECONOMIC HARDSHIP CAUSED BY THE COVID-19 PANDEMIC, FUNDED BY THE STATE OF COLORADO, THE CARES ACT, AND THE AMERICAN RESCUE PLAN ACT (ARPA). BECAUSE OF CEF'S INVOLVEMENT IN GRANTMAKING ACTIVITIES FOR THESE PROGRAMS, GRANT REVENUE AND GRANT EXPENSES ARE REPORTED IN THE STATEMENTS OF ACTIVITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $12,460,528 | $24,012,822 | -0.5% |
| Expenses | $11,606,580 | $13,173,847 | -0.1% |
| Net Income | $853,948 | $10,838,975 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CECILIA PRINSTER | PRESIDENT AN | 40.00 |
Officer
|
$385,597 | $14,413 | $400,010 |
| NIM PATEL | COO | 40.00 |
Officer
|
$310,786 | $12,440 | $323,226 |
| LUKE ANDERSON | CFO | 40.00 |
Officer
|
$201,821 | $18,511 | $220,332 |
| LEWIS HAGLER | DIR BUSINESS | 40.00 |
Highest
|
$143,621 | $13,734 | $157,355 |
| ALAN RAMIREZ | DIR OF STRAT | 40.00 |
Highest
|
$125,389 | $27,621 | $153,010 |
| JEREMY DUNN | CONTROLLER | 40.00 |
Highest
|
$130,184 | $13,293 | $143,477 |
| JAIONE AXPE | DIR OF BUS O | 40.00 |
Highest
|
$114,384 | $23,504 | $137,888 |
| DAWN AKERS | DIR OF DATA | 40.00 |
Highest
|
$116,714 | $13,203 | $129,917 |
| PAUL BUNYARD | CHAIR & TREA | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SEAN KOUTSAKIS | V CHAIR & AS | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICK ANDERSON | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| IZZY ABBASS | DIRECTOR THR | 2.00 |
Director
|
$0 | $0 | $0 |
| SIMONE ROSS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KYLE FRAZER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LAURA BLOMQUIST-RODRIGUEZ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MELISSA BUCK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| NATRIECE BRYANT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSH GRIFF | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KATE HORLE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ZANETA KELSEY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SHANNON WARD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $12,460,528 | $11,606,580 | $80,686,947 | $853,948 |
| 2024 | $24,012,822 | $13,173,847 | $78,725,779 | $10,838,975 |
| 2023 | $18,269,112 | $10,805,892 | $70,114,897 | $7,463,220 |
| 2022 | $16,879,154 | $10,206,734 | $67,369,528 | $6,672,420 |
| 2021 | $21,255,608 | $11,100,095 | $82,518,626 | $10,155,513 |
| 2020 | $9,333,574 | $9,121,625 | $62,851,045 | $211,949 |
| 2019 | $4,526,557 | $4,463,245 | $33,955,191 | $63,312 |
| 2018 | $3,945,239 | $3,893,652 | $32,202,584 | $51,587 |
Compare COLORADO ENTERPRISE FUND with other nonprofits in Colorado and across the country.