COLORADO ASSOCIATION OF TRANSIT AG… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

ANN RAJEWSKI

Phone

3038395197

Tax Period

2023-01-01 to 2023-12-31

COLORADO ASSOCIATION OF TRANSIT AGENCIES, founded in 1985, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum.

Mission

TRADE ASSOCIATION DEDICATED TO THE INTEREST OF TRANSIT PROVIDERS. THE ASSOCIATION PROVIDES TRAINING PROGRAMS, CONFERENCES, AND NEWSLETTERS ON TRANSIT ISSUES OF INTEREST TO ITS MEMBERSHIP.

Program Service Accomplishments

Program 1

MEMBERSHIP AND ADVOCACY PROGRAMS SUCH AS PROVIDING INFORMATION TO THE PUBLIC REGARDING TRANSIT POLICIES; COALITION FOR COLORADO PUBLIC TRANSIT AGENCIES TO OBTAIN FEDERAL FUNDING AND GRANTS, SPRING...

MEMBERSHIP AND ADVOCACY PROGRAMS SUCH AS PROVIDING INFORMATION TO THE PUBLIC REGARDING TRANSIT POLICIES; COALITION FOR COLORADO PUBLIC TRANSIT AGENCIES TO OBTAIN FEDERAL FUNDING AND GRANTS, SPRING AND FALL CONFERENCES AND PROVISION OF TRAINING OPPORTUNITIES.

Program 2

ADMINSTRATION OF GRANT FUNDING FROM THE COLORADO ENERGY OFFICE TO SUPPORT COLORADO TRANSIT AGENCIES TO REBUILD TRANSIT RIDERSHIP FOLLOWING THE COVID-19 EPIDEMIC. THE PROGRAM'S GOALS INCLUDE REDUCING OZONE FORMATION, INCREASING RIDERSHIP ON TRANSIT, AND REDUCING VEHICLE MILES TRAVELED IN COLORADO.

Program 3

ADMINSTRATION OF GRANT FUNDING FROM THE COLORADO DEPARTMENT OF TRANSPORTATION TO PROVIDE SERVICES UNDER THE RURAL TRANSPORTATION ASSISTANCE PROGRAM TO SUPPORT COLORADO RURAL TRANSIT AGENCIES WITH...

ADMINSTRATION OF GRANT FUNDING FROM THE COLORADO DEPARTMENT OF TRANSPORTATION TO PROVIDE SERVICES UNDER THE RURAL TRANSPORTATION ASSISTANCE PROGRAM TO SUPPORT COLORADO RURAL TRANSIT AGENCIES WITH TRAINING, TECHNICAL ASSISTANCE AND OTHER SUPPORT SERVICES.

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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 $2,898,658

Program Service Revenue $486,166

Investment Income $1,932

Other Revenue $0

TOTAL REVENUE $3,386,756

Expense Breakdown

Grants Paid $2,311,336

Salaries & Benefits $286,655

Fundraising Expenses $0

Other Expenses $767,577

TOTAL EXPENSES $3,365,568

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,386,756	$1,624,751	+1.1%
Expenses	$3,365,568	$1,637,714	+1.1%
Net Income	$21,188	$-12,963	-2.6%

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

N/A

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

$119,661

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE RIHANEK	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANGEL BOND	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID AVERILL	TREASURER	2.00	Officer Director	$0	$0	$0
COMER HOBBS	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL DAVIES	DIRECTOR	1.00	Director	$0	$0	$0
SARAH DODSON HILL	DIRECTOR	1.00	Director	$0	$0	$0
DREW BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT TRUEX	DIRECTOR	1.00	Director	$0	$0	$0
DAWN BLOCK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DESROCHER	EX-OFFICIO MEMBER	1.00	Director	$0	$0	$0
ANN RAJEWSKI	EXECUTIVE DIRECTOR	40.00	Officer	$112,888	$6,773	$119,661

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	No data	No data	No data	No data
2023	$3,386,756	$3,365,568	$2,776,261	$21,188
2022	$1,624,751	$1,637,714	$945,870	$-12,963
2021	$708,186	$570,145	$286,575	$138,041
2020	$490,568	$444,145	$148,541	$46,423
2019	$595,336	$628,889	$114,809	$-33,553
2018	$603,844	$566,275	$176,310	$37,569

COLORADO ASSOCIATION OF TRANSIT AGENCIES