COLORADO BROADCASTERS ASSOCIATION

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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

1949

Legal Domicile

Principal Officer

JUSTIN SASSO

Phone

7205365427

Tax Period

2024-07-01 to 2025-06-30

COLORADO BROADCASTERS ASSOCIATION, founded in 1949, is a small nonprofit that reported $916K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $844K left a modest 8% surplus.

Mission

TO PROMOTE AND DEVELOP THE ART OF RADIO AND TV BROADCASTING

Program Service Accomplishments

Program 1

FORMED IN 1949 AS A NON-PROFIT TRADE ORGANIZATION, THE COLORADO BROADCASTERS ASSOCIATION (CBA) HAS A LONG HISTORY OF SERVICE TO BROADCASTERS AND CITIZENS OF THE STATE. OVER THE YEARS THE CBA HAS...

FORMED IN 1949 AS A NON-PROFIT TRADE ORGANIZATION, THE COLORADO BROADCASTERS ASSOCIATION (CBA) HAS A LONG HISTORY OF SERVICE TO BROADCASTERS AND CITIZENS OF THE STATE. OVER THE YEARS THE CBA HAS PROVIDED THOUSANDS OF DOLLARS FOR COLLEGE SCHOLARSHIPS, WORKED TO PROVIDE PUBLIC MEDIA ACCESS TO THE COURTS AND FOUGHT TO OPEN PUBLIC RECORDS. AMONG ITS MANY ACTIVITIES, THE CBA IS PROBABLY BEST KNOWN FOR ITS ANNUAL AWARDS OF EXCELLENCE, WHICH HONOR BROADCASTERS SERVICE TO THEIR COMMUNITIES. REPRESENTING BROADCASTERS, BOTH PUBLIC AND PRIVATE, THE ASSOCIATION INTERACTS WITH STATE AND NATIONAL OFFICIALS AND TRADE GROUPS TO FURTHER THE BUSINESS OF BROADCASTING.

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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 $86,200

Program Service Revenue $669,419

Investment Income $159,121

Other Revenue $1,500

TOTAL REVENUE $916,240

Expense Breakdown

Grants Paid $15,863

Salaries & Benefits $290,347

Fundraising Expenses $0

Other Expenses $538,157

TOTAL EXPENSES $844,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$916,240	$768,267	+0.2%
Expenses	$844,367	$686,643	+0.2%
Net Income	$71,873	$81,624	-0.1%

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

$259,584

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN SASSO	PRESIDENT AN	40.00	Officer	$252,023	$7,561	$259,584
DEAN LITTLETON	CHAIR	0.35	Officer Director	$0	$0	$0
LINDSAY SALAZAR	VICE CHAIR	0.35	Officer Director	$0	$0	$0
TATIANA ARGUELLO	SECRETARY/TR	0.35	Officer Director	$0	$0	$0
BRENDA EGGER	TRUSTEE/DIRE	0.35	Director	$0	$0	$0
PETE BENEDETTI	DIRECTOR	0.35	Director	$0	$0	$0
ROSS WHITE	DIRECTOR	0.35	Director	$0	$0	$0
TONY GARCIA	DIRECTOR	0.35	Director	$0	$0	$0
WAYNE JOHNSON	DIRECTOR	0.35	Director	$0	$0	$0
STEWART VANDERWILT	DIRECTOR	0.35	Director	$0	$0	$0
ALEC CREIGHTON	DIRECTOR	0.35	Director	$0	$0	$0
KERRI BLANCO	DIRECTOR, TH	0.35	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	$916,240	$844,367	$2,992,404	$71,873
2024	$768,267	$686,643	$2,881,400	$81,624
2023	$848,371	$703,900	$2,667,310	$144,471
2022	$982,528	$728,120	$2,602,732	$254,408
2021	$1,290,247	$615,045	$2,673,625	$675,202
2020	$706,655	$584,628	$1,943,981	$122,027
2019	$1,069,808	$747,248	$1,893,730	$322,560
2018	$783,215	$643,269	$1,561,934	$139,946