GREENWOOD VILLAGE, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALLIANCE FOR CHOICE IN EDUCATION, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $59.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.
THE ORGANIZATION'S MISSION IS TO PROVIDE CHILDREN OF LOWER-INCOME FAMILIES WITH SCHOLARSHIPS TO PRIVATE SCHOOLS IN GRADES K-12 AND TO ADVOCATE FOR EXPANDED SCHOOL CHOICE.
ACE ADMINISTERS TWO SCHOLARSHIP PROGRAMS: A PRIVATELY FUNDED PROGRAM IN COLORADO, MONTANA, KANSAS, TEXAS, WYOMING, ARKANSAS, DELAWARE, NEW MEXICO, UTAH, MISSISSIPPI AND MISSOURI, AND A TAX CREDIT...
ACE ADMINISTERS TWO SCHOLARSHIP PROGRAMS: A PRIVATELY FUNDED PROGRAM IN COLORADO, MONTANA, KANSAS, TEXAS, WYOMING, ARKANSAS, DELAWARE, NEW MEXICO, UTAH, MISSISSIPPI AND MISSOURI, AND A TAX CREDIT SCHOLARSHIP PROGRAM IN LOUISIANA, ARKANSAS, MONTANA AND KANSAS (SGO). (CONTINUED ON SCHEDULE O.) ACE'S PRIVATE PROGRAM AWARDS SCHOLARSHIPS TO CHILDREN FROM LOW-INCOME FAMILIES WANTING PRIVATE SCHOOLING FROM KINDERGARTEN TO HIGH SCHOOL. LOW-INCOME IS DEFINED IN ACCORDANCE WITH THE FEDERAL POVERTY GUIDELINES. POLICIES AND PROCEDURES ADMINISTERING THE PRIVATE SCHOLARSHIP PROGRAM ARE REVIEWED AND APPROVED BY THE ACE PROGRAM COMMITTEE. ACE ALSO SERVES AS A STATE-APPROVED SCHOOL TUITION ORGANIZATION IN THE LOUISIANA TUITION DONATION TAX CREDIT PROGRAM AND AWARDS SCHOLARSHIPS TO QUALIFIED STUDENTS IN ADHERENCE TO STATE STATUTES AND RULES AND REGULATIONS PUBLISHED BY THE LOUISIANA DEPARTMENT OF EDUCATION. ACE IS ALSO REGISTERED AS A SCHOLARSHIP GRANTING ORGANIZATION (SGO) WITHIN KANSAS TAX CREDIT PROGRAM AND STUDENT SCHOLARSHIP ORGANIZATION (SSO) WITHIN MONTANA TAX CREDIT PROGRAM.
ACE IS A PROGRAM MANAGER FOR EDUCATION SAVINGS ACCOUNTS (ESAS). ESAS ARE FUNDED BY STATE GOVERNMENTS SO THAT FAMILIES CAN PAY TUITION FOR PRIVATE SCHOOLS, HOMESCHOOLING SUPPLIES, CURRICULUM...
ACE IS A PROGRAM MANAGER FOR EDUCATION SAVINGS ACCOUNTS (ESAS). ESAS ARE FUNDED BY STATE GOVERNMENTS SO THAT FAMILIES CAN PAY TUITION FOR PRIVATE SCHOOLS, HOMESCHOOLING SUPPLIES, CURRICULUM MATERIALS, OR EDUCATIONAL THERAPY SERVICES. IN NOVEMBER OF 2023, ACE CONTRACTED WITH THE UTAH STATE BOARD OF EDUCATION TO PROGRAM MANAGE THEIR STATE FUNDED UTAH FITS ALL (UFA) ESA PROGRAM, WITH 10,000 ESAS WORTH $80 MILLION FUNDED IN JULY OF 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $59,484,336 | $54,763,355 | +0.1% |
| Expenses | $58,143,149 | $41,127,193 | +0.4% |
| Net Income | $1,341,187 | $13,636,162 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOE SMITH | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT MCLEAN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISA WALSH | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NATASHA HARRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC KOEPLIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MATT TURNER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE WARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BERT WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LIZ WRIGHT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK SCHMITZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBORAH FLORA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NORTON RAINEY | CEO | 60.00 |
Officer
|
$596,392 | $36,444 | $632,836 |
| JASON DIFRAIA 82022 | PRESIDENT | 55.00 |
Officer
|
$484,213 | $34,419 | $518,632 |
| MIKE PRITCHARD | CHIEF FINANCIAL OFFICER | 50.00 |
Officer
|
$184,688 | $19,901 | $204,589 |
| MELISSA LANDRY | PRESIDENT, LOUISIANA | 45.00 |
Highest
|
$226,225 | $11,265 | $237,490 |
| ERIK BILLINGER | WESTERN REGIONAL PRESIDENT | 45.00 |
Highest
|
$260,807 | $33,967 | $294,774 |
| BRITTANI O'BRIEN | VP OF DEVELOPMENT, CO | 45.00 |
Highest
|
$180,047 | $17,023 | $197,070 |
| MIKE COLEMAN | CHIEF PROGRAM OFFICER | 45.00 |
Highest
|
$221,704 | $20,434 | $242,138 |
| ROGER PATTINSON | CHIEF DEVELOPMENT OFFICER | 45.00 |
Highest
|
$234,175 | $14,093 | $248,268 |
| KAREN FARRAND | FORMER CHIEF FINANCIAL OFFICER | 50.00 |
|
$190,786 | $5,437 | $196,223 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $59,484,336 | $58,143,149 | $87,152,979 | $1,341,187 |
| 2023 | $54,763,355 | $41,127,193 | $86,558,830 | $13,636,162 |
| 2021 | $34,038,450 | $27,320,020 | $60,249,872 | $6,718,430 |
| 2020 | $37,731,548 | $24,398,808 | $54,754,743 | $13,332,740 |
| 2019 | $30,925,903 | $26,182,774 | $42,275,327 | $4,743,129 |
| 2018 | $38,655,408 | $30,724,004 | $36,767,087 | $7,931,404 |
Compare ALLIANCE FOR CHOICE IN EDUCATION with other nonprofits in Colorado and across the country.