COLORADO OPPORTUNITY 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

2020

Legal Domicile

Principal Officer

MICHAEL FIELDS

Phone

3035181663

Tax Period

2024-01-01 to 2024-12-31

COLORADO OPPORTUNITY FOUNDATION, founded in 2020, is a small nonprofit in the Civil Rights & Advocacy sector that reported $950K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE COLORADO OPPORTUNITY FOUNDATION IS ORGANIZED EXCLUSIVELY FOR PUBLIC EDUCATIONAL PURPOSES, PERFORMING RESEARCH, MODELING, ANALYSIS, AND PUBLIC EDUCATION ON GOVERNMENT POLICIES THAT EXPAND AND GROW STATE AND NATIONAL ECONOMIC CONDITIONS. THE COLORADO OPPORTUNITY FOUNDATION SERVES AS A RESOURCE PROVIDING PRACTICAL RESEARCH AND INFORMATION REGARDING THEORETICAL AND EMPIRICAL EVIDENCE CONCERNING THE COSTS AND EFFECTIVENESS OF STATE AND LOCAL TAX, SPENDING, AND REGULATORY POLICIES. PUBLIC EDUCATION IS PROVIDED THROUGH SOURCES THAT ARE AVAILABLE TO THE GENERAL PUBLIC WITHOUT RESTRICTIONS OR FEES.

Program Service Accomplishments

Program 1

Expenses: $1,050,000

COLORADO OPPORTUNITY FOUNDATION MADE GRANTS TO OTHER CHARITABLE ORGANIZATIONS TO SUPPORT SPECIFIC PUBLIC EDUCATION ACTIVITIES THAT ARE CONSISTENT WITH AND ADVANCE COLORADO OPPORTUNITY FOUNDATION'S...

COLORADO OPPORTUNITY FOUNDATION MADE GRANTS TO OTHER CHARITABLE ORGANIZATIONS TO SUPPORT SPECIFIC PUBLIC EDUCATION ACTIVITIES THAT ARE CONSISTENT WITH AND ADVANCE COLORADO OPPORTUNITY FOUNDATION'S MISSION AND PURPOSE. COLORADO OPPORTUNITY FOUNDATION'S GRANTS TO OTHER CHARITABLE ORGANIZATIONS WERE LIMITED TO DEFINED ACTIVITIES THAT SUPPORT THE SAME CHARITABLE PURPOSE AS COLORADO OPPORTUNITY FOUNDATION. COLORADO OPPORTUNITY FOUNDATION HAS POLICIES AND COMPLIANCE CONTROLS IN PLACE TO ENSURE RECIPIENT ORGANIZATIONS: EXPEND GRANT FUNDING IN A MANNER THAT IS CONSISTENT WITH COLORADO OPPORTUNITY FOUNDATION PURPOSES AND PRIORITIES; DO NOT HAVE A FAMILY OR BUSINESS RELATIONSHIP WITH COLORADO OPPORTUNITY FOUNDATION OR ITS DIRECTORS; AND KEEP PROPER FINANCIAL RECORDS RELATED TO THE AMOUNTS AND PURPOSE OF GRANT DISTRIBUTIONS. COLORADO OPPORTUNITY FOUNDATION MONITORS THE PROGRESS OF ACTIVITIES ACHIEVED THROUGH GRANTS.

Program 2

Expenses: $200,000

THE COLORADO OPPORTUNITY FOUNDATION CONDUCTED RESEARCH, ANALYSIS, AND PUBLIC EDUCATION SUPPORTING POLICIES AND REGULATIONS IMPACTING STATE ECONOMIC GROWTH, INCLUDING PROGRAMS THAT SUPPORT STATE...

THE COLORADO OPPORTUNITY FOUNDATION CONDUCTED RESEARCH, ANALYSIS, AND PUBLIC EDUCATION SUPPORTING POLICIES AND REGULATIONS IMPACTING STATE ECONOMIC GROWTH, INCLUDING PROGRAMS THAT SUPPORT STATE RIGHTS UNDER THE U.S. CONSTITUTION. PUBLIC EDUCATION WAS MADE AVAILABLE TO THE GENERAL PUBLIC WITHOUT RESTRICTION THROUGH OPEN ACCESS WEBSITES, PUBLISHED ARTICLES, AND ADVERTISEMENTS THAT ARE OPEN AND ACCESSIBLE TO THE GENERAL PUBLIC.

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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 $950,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $950,000

Expense Breakdown

Grants Paid $1,050,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,250,000

Other Expenses $203,352

TOTAL EXPENSES $1,253,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$950,000	$2,700,000	-0.6%
Expenses	$1,253,352	$3,332,008	-0.6%
Net Income	$-303,352	$-632,008	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FIELDS	PRINCIPAL DIRECTOR	2.00	Officer Director	$0	$0	$0
SEAN TONNER	BOARD MEMBER	2.00	Director	$0	$0	$0
LUKE RAGLAND	BOARD MEMBER	2.00	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	$950,000	$1,253,352	$2,146	$-303,352
2024	No data	No data	No data	No data
2023	$2,700,000	$3,332,008	$305,498	$-632,008
2022	$2,425,000	$2,225,001	$937,506	$199,999
2021	$2,525,000	$2,210,851	$737,507	$314,149
2020	$2,045,662	$1,622,304	$423,358	$423,358