COLORADO GOLF ASSOCIATION

EIN: 841248840 501(c)(3) Recreation & Sports

GREENWOOD VILLAGE, CO

Total Revenue
$6,547,979
Total Expenses
$6,101,454
Total Assets
$10,001,228
Net Assets
$9,163,070
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
CO
Principal Officer
EDWARD MATE
Phone
3033664653
Tax Period
2025-01-01 to 2025-12-31

COLORADO GOLF ASSOCIATION, founded in 1915, is a community nonprofit in the Recreation & Sports sector that reported $6.5M in total revenue in fiscal year 2025. Expenses of $6.1M left a modest 7% surplus.

Mission

SEE PART III, LINE 1.

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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 (2025)

Revenue Breakdown

Contributions & Grants $5,414,526
Program Service Revenue $651,458
Investment Income $137,598
Other Revenue $344,397
TOTAL REVENUE $6,547,979

Expense Breakdown

Grants Paid $84,000
Salaries & Benefits $2,397,396
Fundraising Expenses $688,730
Program Expenses $4,562,813
Other Expenses $3,620,058
TOTAL EXPENSES $6,101,454

Year-over-Year Comparison

2025 2024 Change
Revenue $6,547,979 $6,130,792 +0.1%
Expenses $6,101,454 $5,336,843 +0.1%
Net Income $446,525 $793,949 -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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Governance

Voting Members
29
Independent Members
29
Employees
39
Volunteers
149

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
8
$383,779
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD MATE CEO 40.00
Officer
$228,620 $23,021 $251,641
JAMES SPIERINGS CONTROLLER 40.00
Officer
$128,623 $3,515 $132,138
JOE MCCLEARY CSO 40.00
Highest
$128,559 $13,775 $142,334
RYAN SMITH CDO 40.00
Highest
$129,559 $17,386 $146,945
ASHLEY HARRELL COO 40.00
Highest
$109,094 $13,699 $122,793
SARA SILVA MONTGOMERY PRESIDENT 1.00
Officer Director
$0 $0 $0
BILL WOODWARD VICE PRESIDE 1.00
Officer Director
$0 $0 $0
SUSIE ROH TREASURER 1.00
Officer Director
$0 $0 $0
TY HOLT VICE PRESIDE 1.00
Officer Director
$0 $0 $0
LILLY DYE HARMON SECRETARY 1.00
Officer Director
$0 $0 $0
GARY ALBRECHT PAST PRESIDE 1.00
Officer Director
$0 $0 $0
MIKE GOODART BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY GREEN BOARD MEMBER 1.00
Director
$0 $0 $0
KHADIJA HAYNES BOARD MEMBER 1.00
Director
$0 $0 $0
LANCE JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN KLIPP BOARD MEMBER 1.00
Director
$0 $0 $0
JUDY MAILLIS BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY NAKAGAWA BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE PEREZ BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE STEENROD BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS THAYER BOARD MEMBER 1.00
Director
$0 $0 $0
AMY TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD WIESLEY BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK WILKINSON BOARD MEMBER 1.00
Director
$0 $0 $0
GREG WITH BOARD MEMBER 1.00
Director
$0 $0 $0
MARY WOULFE BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH YBANEZ BOARD MEMBER 1.00
Director
$0 $0 $0
WILL NICHOLSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARK CRABTREE BOARD MEMBER 1.00
Director
$0 $0 $0
EUNICE KIM BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY O'NEILL-JONES BOARD MEMBER 1.00
Director
$0 $0 $0
TAI PALACIO BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN SPAULDING BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA STUTO BOARD MEMBER 1.00
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
2025 $6,547,979 $6,101,454 $10,001,228 $446,525
2024 $6,130,792 $5,336,843 $8,945,516 $793,949
2023 $5,677,028 $6,335,531 $7,704,618 $-658,503
2022 $4,454,256 $4,143,759 $6,958,825 $310,497
2021 $4,259,547 $3,458,076 $6,647,759 $801,471
2020 $3,969,628 $3,322,303 $5,456,514 $647,325
2019 $3,555,101 $3,113,254 $4,267,191 $441,847
2018 $3,420,051 $3,020,331 $3,957,738 $399,720
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