PIKES PEAK OR BUST RODEO FOUNDATION

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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

2001

Legal Domicile

Principal Officer

MIKE JORGENSEN

Phone

7196351699

Tax Period

2024-02-01 to 2025-01-31

PIKES PEAK OR BUST RODEO FOUNDATION, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $318K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring.

Mission

PRESERVE OUR WESTERN HERITAGE AND SENSE OF COMMUNITY WHILE PROVIDING RECREATION, EDUCATION AND EXCITING OPPORTUNITIES TO RESIDENTS AND VISITORS ALIKE WHILE MAINTAINING OUR ROOTS IN THE PIKES PEAK REGION AND SUPPORTING OUR LOCAL ACTIVE DUTY MILITARY MEMBERS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $210,049 Revenue: $10,147

PRODUCTION OF EVENTS TO RAISE FUNDS TO SUPPORT GRANTS MADE TO LOCAL ACTIVE DUTY MILITARY ORGANIZATIONS WITHIN THE PIKES PEAK REGION TO SUPPORT QUALITY OF LIFE INITIATIVES FOR SERVICE MEMBERS AND...

PRODUCTION OF EVENTS TO RAISE FUNDS TO SUPPORT GRANTS MADE TO LOCAL ACTIVE DUTY MILITARY ORGANIZATIONS WITHIN THE PIKES PEAK REGION TO SUPPORT QUALITY OF LIFE INITIATIVES FOR SERVICE MEMBERS AND THEIR FAMILIES. FUNDS ARE RAISED THROUGH FOUR STANDALONE EVENTS AND ANNUAL GIVING CAMPAIGN WITH THE LARGEST EVENT GENERATING A CONTRIBUTION OF $98,000 AND THE OTHER THREE EVENTS GENERATING, ROUGHLY, $83,000.

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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 $202,407

Program Service Revenue $6,000

Investment Income $2,214

Other Revenue $107,404

TOTAL REVENUE $318,025

Expense Breakdown

Grants Paid $165,000

Salaries & Benefits $102,250

Fundraising Expenses $0

Program Expenses $210,049

Other Expenses $73,958

TOTAL EXPENSES $341,208

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,025	$4,025,331	-0.9%
Expenses	$341,208	$6,823,167	-0.9%
Net Income	$-23,183	$-2,797,836	-1.0%

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

N/A

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

$197,310

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE JORGENSEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICH BENDER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RALPH BRADEN	SECRETARY	1.00	Officer Director	$0	$0	$0
RICK POWELL	TREASURER	1.00	Officer Director	$0	$0	$0
JERRY BIGGS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CHILTON	DIRECTOR	1.00	Director	$0	$0	$0
MATT GRAGE	DIRECTOR	1.00	Director	$0	$0	$0
GARY MARKLE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF RENEHAN	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE SONDRUP	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE STEELE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
BILL TUTT	DIRECTOR	1.00	Director	$0	$0	$0
THAYER TUTT	DIRECTOR	1.00	Director	$0	$0	$0
KYLE PARK	GENERAL MANAGER	10.00	Officer	$0	$37,410	$197,310

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	$318,025	$341,208	$359,549	$-23,183
2024	$4,025,331	$6,823,167	$475,100	$-2,797,836
2023	$2,010,896	$1,823,247	$7,856,319	$187,649
2022	$1,471,244	$1,320,721	$6,133,565	$150,523
2021	$593,593	$849,260	$6,031,585	$-255,667
2020	$1,314,313	$1,269,285	$5,548,809	$45,028
2019	$1,302,930	$1,252,743	$4,154,728	$50,187