ENERGIZE COLORADO INC

EIN: 851446446 501(c)(3) Community Improvement

BOULDER, CO

Total Revenue
$1,268,713
Total Expenses
$2,591,405
Total Assets
$15,449,662
Net Assets
$1,806,936
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CO
Principal Officer
SCOTT ROMANO
Phone
3144010501
Tax Period
2024-01-01 to 2024-12-31

ENERGIZE COLORADO INC, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $2.6M exceeded revenue, resulting in a 104% operating deficit.

Mission

WE FOSTER RESILIENCY IN UNDERINVESTED BUSINESS COMMUNITIES ACROSS COLORADO BY INNOVATIVELY ADDRESSING CAPITAL GAPS. AT ENERGIZE COLORADO, WE ENVISION A FUTURE WHERE WE ARE THE GO-TO DESTINATION FOR BUSINESS OWNERS SEEKING COMPREHENSIVE TECHNICAL ASSISTANCE AND CAPITAL SOLUTIONS. OUR COMMITMENT IS TO HELP CLOSE THE CAPITAL GAP IN COLORADO, POSITIONING OURSELVES AS INDUSTRY LEADERS IN SMALL BUSINESS INNOVATION. WE ASPIRE TO CULTIVATE THE MOST RESILIENT BUSINESSES IN THE STATE, CHARTING A PATH TOWARD LASTING ECONOMIC RESILIENCY AND SUSTAINABILITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $374,548
Program Service Revenue $864,848
Investment Income $29,317
Other Revenue $0
TOTAL REVENUE $1,268,713

Expense Breakdown

Grants Paid $0
Salaries & Benefits $656,656
Fundraising Expenses $162,774
Program Expenses $1,867,681
Other Expenses $1,934,749
TOTAL EXPENSES $2,591,405

Year-over-Year Comparison

2024 2023 Change
Revenue $1,268,713 $651,492 +0.9%
Expenses $2,591,405 $1,090,288 +1.4%
Net Income $-1,322,692 $-438,796 +2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
7
Volunteers
14

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
6
$265,129
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE WATSON CHIEF EXECUTIVE OFFICER 40.00
Officer
$147,024 $5,824 $152,848
SCOTT ROMANO CHIEF OPERATIONS OFFICER 40.00
Officer
$107,184 $5,097 $112,281
ABRAM SLOSS MEMBER 1.00
Director
$0 $0 $0
ERIK MITISEK MEMBER 1.00
Director
$0 $0 $0
PATTI SCHWAYDER MEMBER 1.00
Director
$0 $0 $0
SHELLY MARQUEZ MEMBER 1.00
Director
$0 $0 $0
JESUS SALAZAR MEMBER 1.00
Director
$0 $0 $0
MEG PORFIDO MEMBER 1.00
Director
$0 $0 $0
MARC NAGER MEMBER 1.00
Director
$0 $0 $0
JAKE RISHAVY MEMBER 1.00
Director
$0 $0 $0
LEE TOKO MEMBER 1.00
Director
$0 $0 $0
KATIE GENOVA MEMBER 1.00
Director
$0 $0 $0
WENDY LEA CHAIR 1.00
Officer Director
$0 $0 $0
JERRY QUINN TREASURER/FINANCE COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
BRAD FELD FORMER CHAIR 1.00
Officer Director
$0 $0 $0
ERIC DRUMMOND FORMER FINANCE COMMITTEE CHAIR 1.00
Officer 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 $1,268,713 $2,591,405 $15,449,662 $-1,322,692
2023 $651,492 $1,090,288 $10,981,327 $-438,796
2022 $399,971 $1,088,868 $3,602,990 $-688,897
2021 $2,500,004 $604,521 $4,257,476 $1,895,483
2020 $2,623,475 $263,119 $2,360,708 $2,360,356
Explore More Nonprofits
Top 100 Nonprofits in Colorado Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ENERGIZE COLORADO INC with other nonprofits in Colorado and across the country.