Colorado Safety Association (EIN 846061348) - 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

1968

Legal Domicile

Phone

3033731937

Tax Period

2024-01-01 to 2024-12-31

Colorado Safety Association, founded in 1968, is a small nonprofit that reported $278K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $599K exceeded revenue, resulting in a 116% operating deficit.

Mission

Colorado Safety Association provides services in all aspects of the promotion of safe working conditions in the workplace and local communities, including but not limited to, safe practices training, craft training, security background screening, and community outreach and safety.

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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 $275,415

Investment Income $672

Other Revenue $1,550

TOTAL REVENUE $277,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386,680

Fundraising Expenses $0

Program Expenses $467,959

Other Expenses $211,954

TOTAL EXPENSES $598,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,637	$377,241	-0.3%
Expenses	$598,634	$881,432	-0.3%
Net Income	$-320,997	$-504,191	-0.4%

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

$1,130,046

Total Directors

$686,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nick Anagnostou	Chairman	1.0	Officer Director	$0	$0	$0
Russell Klinegardner	HASC President and CEO	1.0	Officer Director	$0	$50,026	$686,460
Marc A Sekula	Treasurer & Secretary / HASC CFO	1.0	Officer	$0	$40,827	$443,586
Luis Aguilar	Former Officer	0.0		$0	$165,820	$998,320

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	$277,637	$598,634	$287,051	$-320,997
2023	$377,241	$881,432	$375,063	$-504,191
2022	$540,856	$712,054	$262,716	$-171,198
2021	$666,378	$707,881	$449,461	$-41,503
2020	$692,243	$769,723	$514,234	$-77,480
2019	$855,878	$850,904	$587,730	$4,974
2018	$799,801	$844,685	$605,849	$-44,884

Colorado Safety Association