COLORADO ASSESSORS ASSOCIATION

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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

1972

Legal Domicile

Principal Officer

TOBY DAMISCH

Phone

3036607450

Tax Period

2024-01-01 to 2024-09-30

COLORADO ASSESSORS ASSOCIATION, founded in 1972, is a small nonprofit in the Community Improvement sector that reported $183K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $207K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE COLORADO ASSESSORS ASSOCIATION IS DEDICATED TO "VALUING COLORADO" WITH THE HIGHEST STANDARDS OF PROFESSIONALISM, USING THE BROADEST APPLICATION OF PROPERTY APPRAISAL METHODS, TECHNIQUES AND STANDARDS AVAILABLE, IN ORDER TO ASSURE STATEWIDE EQUALIZATION IN THE VALUATION OF REAL AND PERSONAL PROPERTY, WHILE MAINTAINING THE PRINCIPLE OF LOCAL CONTROL; TO PROVIDE INFORMATION TO THE PUBLIC SO THEY MIGHT ACQUIRE A BETTER UNDERSTANDING OF THE APPRAISAL AND ASSESSMENT PROCESS; AND TO ASSIST WITH AND PROVIDE INFORMATION TO THE COLORADO GENERAL ASSEMBLY, IN ORDER TO ACHIEVE A "FAIR AND EQUITABLE" AD VALOREM SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $118,780 Revenue: $61,471

EDUCATION OF ASSESSORS AND STAFF CONCERNING NEW LAWS AND GUIDELINES

Program 2

Expenses: $27,750

MONITORING OF LEGISLATIVE ACTIVITY CONCERNING PROPERTY ASSESSMENT AND TAXATION FOR THE BENEFIT OF ALL PROPERTY TAXPAYERS IN THE STATE OF COLORADO

Program 3

BELS STUDY AND SURVEY OF OIL AND GAS VALUATIONS IN NORTHWEST COLORADO.

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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 $121,206

Program Service Revenue $61,471

Investment Income $6

Other Revenue $0

TOTAL REVENUE $182,683

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,530

Other Expenses $192,403

TOTAL EXPENSES $207,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,683	$112,833	+0.6%
Expenses	$207,403	$194,392	+0.1%
Net Income	$-24,720	$-81,559	-0.7%

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

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
MONICA JONES	PRESIDENT	1.00	Officer	$0	$0	$0
MARK CHAPIN	1ST VICE PRE	0.50	Officer	$0	$0	$0
SUSAN MURPHY	2ND VICE PRE	0.50	Officer	$0	$0	$0
TOBY DAMISCH	TREASURER	2.00	Officer	$0	$0	$0
CARRIE WOODSON	SECRETARY	0.50	Officer	$0	$0	$0
BRENDA DONES	PAST PRESIDE	0.25	Director	$0	$0	$0
DOUG KAMERY	CHAIR	0.25	Director	$0	$0	$0
KEN HOOD	CHAIR	0.25	Director	$0	$0	$0
GARY PETERSON	CHAIR	0.25	Director	$0	$0	$0
LIBBY LAMB	CHAIR	0.25	Director	$0	$0	$0
SARAH ENDERS	CHAIR	0.25	Director	$0	$0	$0
CYNTHIA BRADDOCK	CHAIR	0.25	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	$182,683	$207,403	$190,484	$-24,720
2023	$112,833	$194,392	$215,204	$-81,559
2022	$285,328	$205,159	$296,763	$80,169
2021	$238,941	$237,176	$216,594	$1,765
2020	$106,211	$127,610	$214,829	$-21,399
2019	$199,880	$155,324	$236,228	$44,556
2018	$262,230	$304,906	$191,672	$-42,676