COLORADO CENTER FOR THE ADVANCEMEN… - 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

1993

Legal Domicile

Phone

7204891630

Tax Period

2024-01-01 to 2024-12-31

COLORADO CENTER FOR THE ADVANCEMENT OF PATIENT SAFETY, founded in 1993, is a community nonprofit in the Environment sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $578K, a strong 19% operating margin.

Mission

SUPPORT MEMBERS' COLLABORATIVE COMMITMENT TO ADVANCE THE HEALTH OF THEIR COMMUNITIES THROUGH AFFORDABLE, ACCESSIBLE, HIGH-QUALITY CARE.

Program Service Accomplishments

Program 1

Expenses: $2,494,917 Revenue: $584,949

SUPPORT EDUCATION OF HEALTH IN HOSPITALS. PROMOTION, DEVELOPMENT, AND IMPLEMENTATION OF ENVIRONMENTAL AND SAFETY ISSUES FOR HOSPITALS. PROVIDE LEADERSHIP ASSISTANCE SO THAT HOSPITALS CAN PROMOTE...

SUPPORT EDUCATION OF HEALTH IN HOSPITALS. PROMOTION, DEVELOPMENT, AND IMPLEMENTATION OF ENVIRONMENTAL AND SAFETY ISSUES FOR HOSPITALS. PROVIDE LEADERSHIP ASSISTANCE SO THAT HOSPITALS CAN PROMOTE HEALTH IN THEIR COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,851,084

Program Service Revenue $1,001,707

Investment Income $243,029

Other Revenue $0

TOTAL REVENUE $3,095,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,566,549

Fundraising Expenses $0

Program Expenses $2,494,917

Other Expenses $951,652

TOTAL EXPENSES $2,518,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,095,820	$2,010,103	+0.5%
Expenses	$2,518,201	$1,005,852	+1.5%
Net Income	$577,619	$1,004,251	-0.4%

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

$1,171,728

Total Directors

$828,549

Key Employees

$898,980

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Ressler	Chair-Elect	1.0	Officer Director	$0	$0	$0
Jandel Allen-Davis MD	Chair	1.0	Officer Director	$0	$0	$0
Jeff Tieman	PRESIDENT & CEO	1.0	Officer Director	$0	$56,433	$828,549
Kevin Stansbury	Immediate Past Chair	1.0	Officer Director	$0	$0	$0
Margo Karsten	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
Chad Christianson	Trustee	1.0	Director	$0	$0	$0
Michael Cancro	Trustee	1.0	Director	$0	$0	$0
Richard Prestidge	SVP Chief Financial Officer	10.0	Officer	$0	$41,009	$343,179
Angela Sigurdson	VP Human Resources	10.0	Key Emp	$0	$45,808	$245,715
Richard Bottner	VP Clinical Excellence	20.0	Key Emp	$0	$43,430	$262,450
Thomas Rennell	SVP Financial Policy	10.0	Key Emp	$0	$52,933	$390,815
Essey Yirdaw	Sr Director Data Analytics	10.0	Highest	$0	$34,369	$180,222
Lyle Moore	Director Hospital Emergency Preparedness	40.0	Highest	$127,627	$40,250	$167,877
Robert Jenkins	Sr Director Broadband Services	40.0	Highest	$154,398	$31,372	$185,770

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	$3,095,820	$2,518,201	$5,862,318	$577,619
2023	$2,010,103	$1,005,852	$4,684,033	$1,004,251
2022	$1,539,564	$1,209,943	$3,699,783	$329,621
2021	$2,124,981	$1,883,340	$3,406,056	$241,641
2020	$2,544,207	$2,891,296	$3,168,335	$-347,089
2019	$2,974,625	$2,424,068	$3,577,684	$550,557
2018	$3,117,740	$2,168,401	$3,021,254	$949,339

COLORADO CENTER FOR THE ADVANCEMENT OF PATIENT SAFETY