THE COLORADO OPTOMETRIC ASSOCIATION (EIN 846036049) - 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

1937

Legal Domicile

Principal Officer

KRISTINE L EKEREN

Phone

3038639778

Tax Period

2024-01-01 to 2024-12-31

THE COLORADO OPTOMETRIC ASSOCIATION, founded in 1937, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $971K left a modest 11% surplus.

Mission

SERVICE TO OPTOMETRIC COMMUNITY.

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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 $0

Program Service Revenue $955,952

Investment Income $110,621

Other Revenue $26,744

TOTAL REVENUE $1,093,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $430,908

Fundraising Expenses $0

Other Expenses $540,232

TOTAL EXPENSES $971,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,093,317	$1,006,933	+0.1%
Expenses	$971,140	$934,452	+0.0%
Net Income	$122,177	$72,481	+0.7%

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

150

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

$158,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINE L EKEREN	EXECUTIVE DIRECTOR	40.00	Officer	$143,728	$15,128	$158,856
MEGAN BORDEN OD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MATTHEW SCOTT OD	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
JENNA MORAN OD	SECRETARY-TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT MIDDLEMIST OD	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ALPA PATEL OD	REGION 1 TRUSTEE	1.00	Director	$0	$0	$0
BRYCE BROWN OD	REGION 2 TRUSTEE	1.00	Director	$0	$0	$0
DANNY SANCHEZ OD	REGION 3 TRUSTEE	1.00	Director	$0	$0	$0
BEN MARSKE OD	REGION 4 TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA WATT OD	REGION 5 TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW PHAN OD	REGION 6 TRUSTEE	1.00	Director	$0	$0	$0
AMY ELSILA OD	REGION 7 TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	$1,093,317	$971,140	$3,769,465	$122,177
2023	$1,006,933	$934,452	$3,730,614	$72,481
2022	$1,142,448	$913,727	$3,410,505	$228,721
2021	$1,110,225	$761,264	$3,462,917	$348,961
2020	$731,985	$666,212	$3,059,455	$65,773
2019	$901,605	$724,778	$2,845,380	$176,827
2018	$862,839	$688,637	$2,547,904	$174,202

THE COLORADO OPTOMETRIC ASSOCIATION