COLORADO QUILTING COUNCIL INC

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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

1981

Legal Domicile

Principal Officer

LAURAL HOPPES

Phone

3039470250

Tax Period

2020-01-01 to 2020-12-31

COLORADO QUILTING COUNCIL INC, founded in 1981, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $28K in total revenue in fiscal year 2020. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $32K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE COLORADO QUILTING COUNCIL IS A STATE-WIDE ORGANIZATION WHOSE OBJECTIVE IS TO ASSIST IN PRESERVING THE HERITAGE OF QUILTING TO BE A SOURCE OF INFORMATION AND INSPIRATION AND TO ENCOURAGE A HIGH STANDARD OF EXCELLENCE IN QUILTING AND RELATED ARTS.

Program Service Accomplishments

Program 1

Expenses: $9,476

RETREATS AND MEETINGS - WEEKEND RETREATS AND PERIODIC MEETINGS OFFERING EDUCATIONAL CLASSES AND AN OPPORTUNITY TO SHARE KNOWLEDGE OF THE CRAFT AND NETWORK WITH OTHERS WHO SHARE A COMMITMENT TO THE...

RETREATS AND MEETINGS - WEEKEND RETREATS AND PERIODIC MEETINGS OFFERING EDUCATIONAL CLASSES AND AN OPPORTUNITY TO SHARE KNOWLEDGE OF THE CRAFT AND NETWORK WITH OTHERS WHO SHARE A COMMITMENT TO THE ORGANIZATION. RETREATS ARE FOR MEMBERS ONLY. MEETINGS ARE OPEN TO THE PUBLIC FOR A 10 NONMEMBER FEE.

Program 2

Expenses: $6,835

NEWSLETTER PRODUCTION-MEMBER PUBLICATION TO PROVIDE INFORMATION RELATED TO UPCOMING EVENTS, LOCATIONS AND MAPS.

Program 3

Expenses: $180

CHARITY QUILT PROJECTS, DOCUMENTATION COMMITTEE, GIFTS GRANTS, COMPETITION JUDGING AND EXPENSES RELATED TO MEMBERSHIP FEES AND OTHER SMALL EVENTS

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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 (2020)

Revenue Breakdown

Contributions & Grants $21,168

Program Service Revenue $9,501

Investment Income $74

Other Revenue $-2,339

TOTAL REVENUE $28,404

Expense Breakdown

Grants Paid $130

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,491

Other Expenses $31,438

TOTAL EXPENSES $31,568

Year-over-Year Comparison

	2020	2019	Change
Revenue	$28,404	$88,806	-0.7%
Expenses	$31,568	$71,802	-0.6%
Net Income	$-3,164	$17,004	-1.2%

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

N/A

Volunteers

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURAL HOPPES	PRESIDENT	010.00	Officer	$0	$0	$0
PAT CLEAVELAND	1ST VP	005.00	Officer	$0	$0	$0
DANA JONES	2ND VP	010.00	Officer	$0	$0	$0
BETTY ANDREWS	SECRETARY	002.00	Officer	$0	$0	$0
MARY RUSH	TREASURER	005.00	Officer	$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
2020	$28,404	$31,568	$91,588	$-3,164
2019	$88,806	$71,802	$94,817	$17,004
2018	$76,694	$83,743	$76,680	$-7,049