Goodwill of Colorado Foundation (EIN 841488592) - 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

1999

Legal Domicile

Principal Officer

Thomas Wildenberg

Phone

7196354483

Tax Period

2024-01-01 to 2024-12-31

Goodwill of Colorado Foundation, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 18% operating margin.

Mission

RAISE FUNDS THROUGH PUBLIC AND CORPORATE APPEALS, ACTIVITIES AND OUTREACH SUPPORTING GOODWILL of colorado'S MISSION OF HELPING INDIVIDUALS (CONTINUED ON SCHEDULE O)

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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 $4,726,159

Program Service Revenue $0

Investment Income $947,722

Other Revenue $918,451

TOTAL REVENUE $6,592,332

Expense Breakdown

Grants Paid $4,499,152

Salaries & Benefits $665,111

Fundraising Expenses $904,897

Program Expenses $4,499,152

Other Expenses $239,786

TOTAL EXPENSES $5,404,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,592,332	$5,434,652	+0.2%
Expenses	$5,404,049	$3,468,551	+0.6%
Net Income	$1,188,283	$1,966,101	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$967,828

Total Directors

$967,828

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karla Grazier - See Sch O	CEO	1.0	Officer Director	$0	$44,349	$685,733
Thomas Wildenberg - See Sch O	CFO	1.0	Officer Director	$0	$25,008	$282,095
Peter Maiurro	Chair	1.0	Officer Director	$0	$0	$0
Tom Neill	Vice Chair	1.0	Officer Director	$0	$0	$0
Stacy Kasten	Treasurer	1.0	Officer Director	$0	$0	$0
Michelle Blessing	Secretary	1.0	Officer Director	$0	$0	$0
Mark Perrault	Director	1.0	Director	$0	$0	$0
Judith Rae Judy Mackey	Director	1.0	Director	$0	$0	$0
Laura Blackburn	Director	1.0	Director	$0	$0	$0
Robb Conner	Director	1.0	Director	$0	$0	$0
Walter Coughlin	Director	1.0	Director	$0	$0	$0
Chris Jenkins	Director	1.0	Director	$0	$0	$0
Margie Mauldin	Director	1.0	Director	$0	$0	$0
Bo Peretto	Director	1.0	Director	$0	$0	$0
Mari Sinton-Martinez	Director	1.0	Director	$0	$0	$0
Mike Hess	Director	1.0	Director	$0	$0	$0
Ted Hamstra	Director	1.0	Director	$0	$0	$0
Mark Michalek	Director	1.0	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
2024	$6,592,332	$5,404,049	$22,693,739	$1,188,283
2023	$5,434,652	$3,468,551	$22,446,284	$1,966,101
2022	$4,617,693	$3,035,918	$17,723,307	$1,581,775
2021	$4,278,008	$3,900,260	$19,789,763	$377,748
2020	$4,963,009	$4,520,637	$16,052,767	$442,372
2019	$3,789,429	$3,057,393	$15,414,109	$732,036
2018	$2,270,186	$2,046,337	$11,578,106	$223,849

Goodwill of Colorado Foundation