COLORADO LEAGUE OF CHARTER SCHOOLS

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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

NICOLE WETZEL

Phone

3039895356

Tax Period

2024-07-01 to 2025-06-30

COLORADO LEAGUE OF CHARTER SCHOOLS, founded in 1994, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $5.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO IMPROVE STUDENT ACHIEVEMENT BY SUPPORTING COLORADO'S CHARTER SCHOOLS, POSITIVELY RESHAPING THE PUBLIC SCHOOL LANDSCAPE, AND ADVANCING OPPORTUNITIES FOR INNOVATION AND EXPANDED HIGH-QUALITY PUBLIC SCHOOL CHOICE.

Program Service Accomplishments

Program 1

Expenses: $2,283,889 Revenue: $1,676,936

SCHOOL SERVICES/MEMBERSHIP SUPPORT - THE LEAGUE PROVIDES A VARIETY OF SERVICES TO SUPPORT AND IMPROVE QUALITY OF OPERATING CHARTER SCHOOLS, INCLUDING INFORMATION AND RESOURCES FOR GOVERNANCE...

SCHOOL SERVICES/MEMBERSHIP SUPPORT - THE LEAGUE PROVIDES A VARIETY OF SERVICES TO SUPPORT AND IMPROVE QUALITY OF OPERATING CHARTER SCHOOLS, INCLUDING INFORMATION AND RESOURCES FOR GOVERNANCE, OPERATING, PROFESSIONAL DEVELOPMENT, AND WELLNESS. THERE ARE APPROXIMATELY 134,000 CHARTER SCHOOL STUDENTS IN COLORADO.

Program 2

Expenses: $804,832

ADVOCACY - THROUGH GRASSROOTS MOBILIZATION, RESEARCH, AND ACTIVE INVOLVEMENT WITH COMMUNITY MEMBERS, POLICY LEADERS, AND LEGAL ADVOCATES, THE COLORADO LEAGUE OF CHARTER SCHOOLS ADVOCACY PROGRAM WORKS...

Program 3

Expenses: $1,708,439 Revenue: $802,923

MAJOR EVENTS & COMMUNICATIONS - THE LEAGUE PROVIDES A VARIETY OF SERVICES TO SUPPORT THE DEVELOPMENT, GROWTH, EXPANSION AND REPLICATION OF HIGH QUALITY CHARTER SCHOOLS. THE LEAGUE'S NEW SCHOOL...

MAJOR EVENTS & COMMUNICATIONS - THE LEAGUE PROVIDES A VARIETY OF SERVICES TO SUPPORT THE DEVELOPMENT, GROWTH, EXPANSION AND REPLICATION OF HIGH QUALITY CHARTER SCHOOLS. THE LEAGUE'S NEW SCHOOL DEVELOPMENT SERVICES ARE DESIGNED TO SUPPORT PLANNING EFFORTS FROM THE TIME FOUNDING GROUPS FIRST MEET, THROUGH A SCHOOL'S SECOND YEAR OF OPERATION.

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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 $1,651,642

Program Service Revenue $2,479,859

Investment Income $108,364

Other Revenue $16,500

TOTAL REVENUE $4,256,365

Expense Breakdown

Grants Paid $1,231,851

Salaries & Benefits $1,907,203

Fundraising Expenses $91,658

Program Expenses $4,797,160

Other Expenses $2,196,774

TOTAL EXPENSES $5,335,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,256,365	$5,927,243	-0.3%
Expenses	$5,335,828	$4,204,305	+0.3%
Net Income	$-1,079,463	$1,722,938	-1.6%

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

Volunteers

N/A

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

$364,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE CHU	BOARD DIRECTOR	2.00	Director	$0	$0	$0
MARY SEAWELL	BOARD DIRECTOR	2.00	Director	$0	$0	$0
IAN STOUT	BOARD DIRECTOR	2.00	Director	$0	$0	$0
KATE SIEGEL SHIMKO	BOARD DIRECTOR	2.00	Director	$0	$0	$0
PAT DONOVAN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
LAURA CALHOUN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
TRICIA NOYOLA	BOARD DIRECTOR	2.00	Director	$0	$0	$0
ROSEMARY RODRIGUEZ	BOARD DIRECTOR	2.00	Director	$0	$0	$0
RAGLAND LUKE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
ALISON GRIFFIN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DAVID SINGER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
NICOLE WETZEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CASEY MCCOMSEY	TREASURER	2.00	Officer Director	$0	$0	$0
KAREGA RAUSCH	SECRETARY	2.00	Officer Director	$0	$0	$0
DANIEL SCHALLER	PRESIDENT	40.00	Officer	$198,648	$10,812	$209,460
MARK HEFFNER	VP FINANCE/OPERATIONS	40.00	Officer	$142,173	$12,490	$154,663
PETER MASON	VP COMMUNICATIONS	40.00	Highest	$143,163	$9,533	$152,696
DAWNA TAYLOR	CHIEF OF STAFF/VP OF SCHOOL SERVICES	40.00	Highest	$159,099	$10,757	$169,856

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	$4,256,365	$5,335,828	$4,421,544	$-1,079,463
2024	$5,927,243	$4,204,305	$4,740,645	$1,722,938
2023	$3,693,556	$3,339,340	$3,021,454	$354,216
2022	$3,905,941	$3,636,264	$2,575,539	$269,677
2021	$3,316,515	$2,696,028	$2,359,978	$620,487
2020	$2,747,271	$3,175,795	$2,360,029	$-428,524
2019	$3,208,298	$3,166,777	$2,377,084	$41,521
2018	$2,983,838	$2,640,082	$2,254,927	$343,756