COLORADO TECHNOLOGY ASSOCIATION (EIN 841263735) - 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

1994

Legal Domicile

Principal Officer

BRITTANY MORRIS SAUNDERS

Phone

3035924070

Tax Period

2023-01-01 to 2023-12-31

COLORADO TECHNOLOGY ASSOCIATION, founded in 1994, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

CTA'S MISSION IS TO ADVANCE COLORADO'S TECH ECOSYSTEM THROUGH TALENT, ADVOCACY, ECONOMIC DEVELOPMENT AND COMMUNITY.

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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 $0

Program Service Revenue $1,989,066

Investment Income $2,126

Other Revenue $0

TOTAL REVENUE $1,991,192

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $1,141,227

Fundraising Expenses $0

Program Expenses $531,521

Other Expenses $1,148,223

TOTAL EXPENSES $2,290,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,991,192	$2,131,092	-0.1%
Expenses	$2,290,450	$2,026,463	+0.1%
Net Income	$-299,258	$104,629	-3.9%

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

124

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

$241,211

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN BAINES	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MARK FITZGERALD	CHAIR	1.00	Officer Director	$0	$0	$0
DANIELLE FORTIER	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE CARR	TREASURER	1.00	Officer Director	$0	$0	$0
ADAMS PRICE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM MUELDENER	TREASURER THRU DEC 2023	1.00	Officer Director	$0	$0	$0
PURNIMA WAGLE	VICE CHAIR THRU JAN 2023	1.00	Officer Director	$0	$0	$0
TIM APRIL	DIRECTOR	1.00	Director	$0	$0	$0
BETTY ARKELL	DIRECTOR	1.00	Director	$0	$0	$0
KARLA ARZOLA	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW BOUNDS	DIRECTOR	1.00	Director	$0	$0	$0
JANTZEN BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
KIM BROWN WILMSEN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BURT	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEE COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
ALAN CULLOP	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE DAMON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EDINGER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
LORI FRASIER	DIRECTOR	1.00	Director	$0	$0	$0
ESTHER FRIEND	DIRECTOR	1.00	Director	$0	$0	$0
KASSENDRA GALINDO	DIRECTOR	1.00	Director	$0	$0	$0
AL GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY GRAYSON	DIRECTOR	1.00	Director	$0	$0	$0
JORDIE HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
VERNON IRVIN	DIRECTOR	1.00	Director	$0	$0	$0
ALETA JEFFRESS	DIRECTOR	1.00	Director	$0	$0	$0
AIDAN LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
ERIK MITISEK	DIRECTOR	1.00	Director	$0	$0	$0
NEIL MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
SUMA NALLAPATI	DIRECTOR	1.00	Director	$0	$0	$0
JON NORDMARK	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE QUINTANA	DIRECTOR	1.00	Director	$0	$0	$0
ROB REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
PABLO SLOUGH	DIRECTOR	1.00	Director	$0	$0	$0
ATILLA TINIC	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA URIBES	DIRECTOR	1.00	Director	$0	$0	$0
MONICA WALTON	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP WINTERBURN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN WINWARD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WORSTELL	DIRECTOR	1.00	Director	$0	$0	$0
REX YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
PETE LORENZEN	DIRECTOR THRU APR 2023	1.00	Director	$0	$0	$0
PINDER GILL	DIRECTOR THRU APR 2023	1.00	Director	$0	$0	$0
CHRIS CAHILL	DIRECTOR THRU MAY 2023	1.00	Director	$0	$0	$0
TORE BERG	DIRECTOR THRU JULY 2023	1.00	Director	$0	$0	$0
VIN MELVIN	DIRECTOR THRU JULY 2023	1.00	Director	$0	$0	$0
MOLLY RAUZI	DIRECTOR THRU JULY 2023	1.00	Director	$0	$0	$0
BETH BOETTCHER FINKE	DIRECTOR THRU SEPT 2023	1.00	Director	$0	$0	$0
SHAWN ADAMSON	DIRECTOR THRU SEPT 2023	1.00	Director	$0	$0	$0
ERICKA HYSON	DIRECTOR THRU SEPT 2023	1.00	Director	$0	$0	$0
JULIE TSCHIDA BROWN	DIRECTOR THRU DEC 2023	1.00	Director	$0	$0	$0
TONY NEAL-GRAVES	DIRECTOR THRU DEC 2023	1.00	Director	$0	$0	$0
FRANNIE MATTHEWS	PRESIDENT & CEO	40.00	Officer	$233,700	$7,511	$241,211
MONICA COUGHLIN STITT	CHIEF OPERATING OFFICER	40.00	Highest	$141,485	$7,511	$148,996

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	$1,991,192	$2,290,450	$993,614	$-299,258
2022	$2,131,092	$2,026,463	$1,442,950	$104,629
2021	$1,573,339	$1,348,724	$933,640	$224,615
2020	$1,426,739	$1,235,926	$788,540	$190,813
2019	$2,077,835	$1,931,188	$487,747	$146,647

COLORADO TECHNOLOGY ASSOCIATION