SKILLS ACADEMY FOUNDATION (EIN 853767801) - 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

2021

Legal Domicile

Principal Officer

RANDEE VAN NESS

Phone

7196515102

Tax Period

2023-01-01 to 2023-12-31

SKILLS ACADEMY FOUNDATION, founded in 2021, is a small nonprofit in the Education sector that reported $515K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $410K, a strong 80% operating margin.

Mission

SKILLS ACADEMY FOUNDATION, DBA COLORADO ENRICHMENT CENTERS (COEC) SPECIALIZES IN VOCATIONAL TRAINING AND JOB PLACEMENT FOR PEOPLE WITH BARRIERS TO EMPLOYMENT. WE OFFER TRAINING IN CULINARY ARTS, CONSTRUCTION, COMPUTER TECHNOLOGY, AND MANUFACTURING. WE PROVIDE JOB PLACEMENT. WE ALSO PROVIDE JOB COACHING FOR STUDENTS WHO NEED HELP KEEPING A JOB. OUR REENTRY PROGRAM WORKS WITH JUSTICE-INVOLVED YOUTH AND ADULTS TO GET THEM VOCATIONAL TRAINING AND JOBS UPON RELEASE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $476,618

Program Service Revenue $0

Investment Income $0

Other Revenue $38,462

TOTAL REVENUE $515,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $41,537

Program Expenses $63,423

Other Expenses $104,960

TOTAL EXPENSES $104,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,080	$383,467	+0.3%
Expenses	$104,960	$31,994	+2.3%
Net Income	$410,120	$351,473	+0.2%

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

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
JOSH CLONNAN	BOARD MEMBER	N/A	Director	$0	$0	$0
SCOTT VAN NESS	BOARD MEMBER	N/A	Director	$0	$0	$0
SHANTELLE ROCKMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
RANDEE VAN NESS	EXECUTIVE DI	40.00	Officer	$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
2023	$515,080	$104,960	$761,593	$410,120

SKILLS ACADEMY FOUNDATION