Colorado Springs Independence Center

EIN: 841052916 501(c)(3) Human Services

Colorado Springs, CO

Total Revenue
$15,426,882
Total Expenses
$14,698,010
Total Assets
$22,937,729
Net Assets
$20,200,013
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CO
Principal Officer
Indy Frazee
Phone
7194718181
Tax Period
2024-01-01 to 2024-12-31

Colorado Springs Independence Center, founded in 1987, is a mid-sized nonprofit in the Human Services sector that reported $15.4M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $14.7M left a modest 5% surplus.

Mission

We provide support & information empowering people with disabilities to remove barriers and achieve independence.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $872,221
Program Service Revenue $13,696,541
Investment Income $844,561
Other Revenue $13,559
TOTAL REVENUE $15,426,882

Expense Breakdown

Grants Paid $20,560
Salaries & Benefits $13,019,838
Fundraising Expenses $0
Program Expenses $12,489,280
Other Expenses $1,657,612
TOTAL EXPENSES $14,698,010

Year-over-Year Comparison

2024 2023 Change
Revenue $15,426,882 $18,142,804 -0.1%
Expenses $14,698,010 $12,541,069 +0.2%
Net Income $728,872 $5,601,735 -0.9%
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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Governance

Voting Members
11
Independent Members
11
Employees
355
Volunteers
11

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
6
$223,171
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dan O'Rear Chair 1.00
Officer Director
$0 $0 $0
Jim Vacik Vice Chair 1.00
Officer Director
$0 $0 $0
Carl Frazer Secretary 1.00
Officer Director
$0 $0 $0
Kevin Light Treasurer 1.00
Officer Director
$0 $0 $0
Teal Heath Board Member 1.00
Director
$0 $0 $0
Drew Wills Board Member 1.00
Director
$0 $0 $0
Steve Wesselhoff Board Member 1.00
Director
$0 $0 $0
Sharon Lane Board Member 1.00
Director
$0 $0 $0
Shawna Dusharm Board Member 1.00
Director
$0 $0 $0
Velette Britt Board Member 1.00
Director
$0 $0 $0
Kimberly Gold Board Member 1.00
Director
$0 $0 $0
Indy Frazee CEO 40.00
Officer
$175,234 $6,755 $181,989
Scott Howard Director of Finance (part year) 40.00
Officer
$35,285 $5,897 $41,182
Nicole Heisler Home Health Administrator 40.00
Highest
$125,064 $20,601 $145,665
Kayla Messineo Personal Care Attendant 99.50
Highest
$114,591 $9,159 $123,750
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 $15,426,882 $14,698,010 $22,937,729 $728,872
2023 $18,142,804 $12,541,069 $20,621,181 $5,601,735
2022 $13,581,012 $12,897,405 $14,263,330 $683,607
2021 $13,576,800 $13,035,733 $15,911,959 $541,067
2020 $13,266,083 $12,982,621 $14,873,594 $283,462
2019 $14,478,359 $13,427,947 $13,890,603 $1,050,412
2018 $12,906,168 $12,357,772 $13,960,985 $548,396
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