COLORADO AMBULATORY SURGERY CENTER ASSOCIATION (EIN 841231964) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

DAN SODERLIND

Phone

7203167561

Tax Period

2024-01-01 to 2024-12-31

COLORADO AMBULATORY SURGERY CENTER ASSOCIATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $230K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $256K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDING EDUCATION TO THE PUBLIC AND PEOPLE INVOLVED IN THE AMBULATORY SURGERY CENTER INDUSTRY, AND LOBBYING ON BEHALF OF AMBULATORY SURGICAL CENTERS LOCATED IN 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 (2024)

Revenue Breakdown

Contributions & Grants $62,750

Program Service Revenue $167,550

Investment Income $32

Other Revenue $0

TOTAL REVENUE $230,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $256,344

TOTAL EXPENSES $256,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,332	$163,026	+0.4%
Expenses	$256,344	$237,016	+0.1%
Net Income	$-26,012	$-73,990	-0.6%

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

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
REBECCA CRAIG	PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA AUSTIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAN SODERLIND	TREASURER/ SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID ORNELAS	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
JEANNE DESAUTELS	BOARD MEMBER	2.00	Director	$0	$0	$0
OSCAR AGUIRRE	BOARD MEMBER	2.00	Director	$0	$0	$0
PHIL SWANGER	BOARD MEMBER	2.00	Director	$0	$0	$0
ANN BAIDA	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS D SKAGEN JD	EXECUTIVE DIRECTOR	2.00	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
2024	$230,332	$256,344	$428,164	$-26,012
2023	$163,026	$237,016	$454,176	$-73,990
2022	$567,888	$190,787	$989,320	$377,101
2021	$366,815	$203,040	$635,788	$163,775
2020	$266,739	$213,669	$451,695	$53,070
2019	$282,215	$308,964	$395,375	$-26,749
2018	$256,114	$234,525	$425,374	$21,589

COLORADO AMBULATORY SURGERY CENTER ASSOCIATION