The Downtown Partnership of Colorado Springs

EIN: 841398391 Community Improvement

Colorado Springs, CO

Total Revenue
$1,283,286
Total Expenses
$1,235,249
Total Assets
$935,086
Net Assets
$760,677
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
CO
Principal Officer
Chelsea Gondeck
Phone
7198860088
Tax Period
2024-01-01 to 2024-12-31

The Downtown Partnership of Colorado Springs, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 4% surplus.

Mission

To achieve a world-class, vibrant Downtown Colorado Springs that serves as the civic, cultural, and economic heart of Colorado Springs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $288,188
Program Service Revenue $1,005,564
Investment Income $13,724
Other Revenue $-24,190
TOTAL REVENUE $1,283,286

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,031,403
Fundraising Expenses $74,599
Program Expenses $1,033,285
Other Expenses $203,846
TOTAL EXPENSES $1,235,249

Year-over-Year Comparison

2024 2023 Change
Revenue $1,283,286 $1,203,335 +0.1%
Expenses $1,235,249 $1,185,120 +0.0%
Net Income $48,037 $18,215 +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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Governance

Voting Members
12
Independent Members
12
Employees
11
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
5
$211,010
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jen Furda Chair 1.00
Officer Director
$0 $0 $0
Peter M Maiurro Vice Chair 1.00
Officer Director
$0 $0 $0
Amber Ptak Secretary 1.00
Officer Director
$0 $0 $0
David Dahlin Treasurer 1.00
Officer Director
$0 $0 $0
Chris Lieber (ex officio, DDA chair) 1.00
Director
$0 $0 $0
Chris Senger (ex officio, BID chair 1.00
Director
$0 $0 $0
Nick Ragain Board Member (Partial year) 1.00
Director
$0 $0 $0
Ingrid Richter Board Member (Partial year) 1.00
Director
$0 $0 $0
James Pat Rigdon Board Member (Partial year) 1.00
Director
$0 $0 $0
Emily Ross Board Member 1.00
Director
$0 $0 $0
Matthew Hanson Board Member 1.00
Director
$0 $0 $0
Seth Harvey Board Member (Partial year) 1.00
Director
$0 $0 $0
Nadine Hensler Board Member 1.00
Director
$0 $0 $0
Stella Hodgkins Board Member 1.00
Director
$0 $0 $0
Harrison Hunter (ex officio, DV chair) 1.00
Director
$0 $0 $0
Geri Johnson Board Member 1.00
Director
$0 $0 $0
Kevan Worley Board Member (Partial year) 1.00
Director
$0 $0 $0
Susan Edmondson Chief Executive Officer 55.00
Officer
$190,000 $21,010 $211,010
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 $1,283,286 $1,235,249 $935,086 $48,037
2023 $1,203,335 $1,185,120 $905,384 $18,215
2022 $2,974,348 $2,990,541 $869,031 $-16,193
2021 $1,126,455 $943,915 $913,021 $182,540
2020 $1,131,683 $1,008,174 $720,438 $123,509
2019 $911,344 $875,801 $573,708 $35,543
2018 $846,998 $844,429 $515,816 $2,569
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