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 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

Working to ensure that Downtown Colorado Springs serves as the economic, civic, and cultural heart of Colorado Springs.

Program Service Accomplishments

Program 1
Expenses: $1,033,285 Revenue: $1,007,502

More than 210 businesses and organizations were provided technical assistance, marketing support, and custom orientations to the wide variety of supportive services offered through downtown. More...

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More than 210 businesses and organizations were provided technical assistance, marketing support, and custom orientations to the wide variety of supportive services offered through downtown. More than 750 attendees enjoyed a lively annual breakfast at a new venue at Ed Robson Arena at Colorado College. Over 1,200 stakeholders were engaged through informational presentation about downtown - ranging from real professionals to incoming Colorado College freshman, hospitality professionals, seniors, and K-12 students. Downtown Partnership hosted a presentation about the extension of the roadway maintenance sales and use tax renewal (known as 2C) and voted to endorse the ballot measure that was successfully extended in November. Downtown Partnership staff testified in favor of legislation regarding construction defect laws and programs that support the creative industries and workers of which the latter was successfully passed. Colorado Springs Utilities hosted the Drake Demolition Completion Ceremony with officials noting that the leveling of the plant marks a dramatic change in the city's skyline for the first time in 100 years. Following discussion at the Spring All Board Session of the significant progress made on the 2016 Experience Downtown Master Plan and the changing environment for Downtowns nationally the Partnership secured a consultant to pursue updating the plan over the next 15 months. More than 200 businesses and organizations were provided with technical assistance, marketing support and custom orientations to the wide variety of supportive services offered through the Downtown family of organizations. The 27th Annual Downtown Breakfast hosted for the third year on the floor at Ed Robson Arena at Colorado College reached full capacity with 750 attendees. Partnership members made new connections at four exclusive Membership Mixers hosted by Universal Education Foundation, Grace and St. Stephen's Episcopal Church, UCCS Downtown, and Exponential Impact at Weidner Field. Elite-level members enjoyed pre-opening tours of the Penrose Library and Louie Louie's Piano Bar. To celebrate the opening of Downtown's first dog park in Antler's Park, the Partnership hosted a dog parade with 60+ participants, ending with a ribbon cutting where all furry attendees were provided with Downtown Dog bandanas. Hundreds of stakeholders were engaged through informational presentations about Downtown ranging from real estate professionals to incoming Colorado College freshmen, civic organizations, urban planning classes, and K-12 students.

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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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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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