COLORADO ENTERPRISE FUND (EIN 840837398) - 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

1976

Legal Domicile

Principal Officer

CECILIA PRINSTER

Phone

3038600242

Tax Period

2023-10-01 to 2024-09-30

COLORADO ENTERPRISE FUND, founded in 1976, is a mid-sized nonprofit in the Community Improvement sector that reported $24.0M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.8M, a strong 45% operating margin.

Mission

TO ACCELERATE COMMUNITY PROSPERITY BY FINANCING AND SUPPORTING ENTREPRENEURS AND SMALL BUSINESSES.

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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 $17,688,634

Program Service Revenue $5,449,598

Investment Income $869,748

Other Revenue $4,842

TOTAL REVENUE $24,012,822

Expense Breakdown

Grants Paid $3,252,816

Salaries & Benefits $4,595,032

Fundraising Expenses $238,407

Program Expenses $10,765,903

Other Expenses $5,325,999

TOTAL EXPENSES $13,173,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,012,822	$18,269,112	+0.3%
Expenses	$13,173,847	$10,805,892	+0.2%
Net Income	$10,838,975	$7,463,220	+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

$791,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECILIA PRINSTER	PRESIDENT AN	40.00	Officer	$376,073	$12,747	$388,820
NIM PATEL	COO	40.00	Officer	$275,244	$9,368	$284,612
LUKE ANDERSON	CFO	40.00	Officer	$20,137	$1,127	$21,264
DAVE MESKO	CFO THRU 5/2	40.00	Officer	$92,236	$4,071	$96,307
LEWIS HAGLER	DIR BUSINESS	40.00	Highest	$133,829	$14,058	$147,887
JAIONE AXPE	DIR OF BUS O	40.00	Highest	$118,209	$16,950	$135,159
ALAN RAMIREZ	DIR OF STRAT	40.00	Highest	$114,556	$20,549	$135,105
DAWN AKERS	DIR OF DATA	40.00	Highest	$114,342	$11,636	$125,978
KELLY GREEN	DIR OF MARKT	40.00	Highest	$108,741	$3,972	$112,713
PAUL BUNYARD	CHAIR & TREA	2.00	Officer Director	$0	$0	$0
BRIAN PEAGLER	V CHAIR & AS	2.00	Officer Director	$0	$0	$0
ANDREW RUBIN	SECRETARY	2.00	Officer Director	$0	$0	$0
IZZY ABBASS	DIRECTOR	2.00	Director	$0	$0	$0
MIZRAIM CORDERO	DIRECTOR	2.00	Director	$0	$0	$0
SIMONE ROSS	DIRECTOR	2.00	Director	$0	$0	$0
KYLE FRAZER	DIRECTOR	2.00	Director	$0	$0	$0
SEAN KOUTSAKIS	DIRECTOR	2.00	Director	$0	$0	$0
LIDDY ROMERO	DIRECTOR	2.00	Director	$0	$0	$0
NICK ANDERSON	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

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	$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

COLORADO ENTERPRISE FUND