The Savings Collaborative

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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

Barbara Freeman

Phone

9703794234

Tax Period

2024-01-01 to 2024-12-31

The Savings Collaborative, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $993K, a strong 55% operating margin.

Mission

The Savings Collaborative helps low income people save through a secure mobile app. It pays rewards & favorable interest rates as incentives to save, issues loans at favorable interest rates, and coaches & educates about financial management.

Program Service Accomplishments

Program 1

Expenses: $640,598 Revenue: $38,734

The Savings Collaborative has empowered thousands of lower-income families across Colorado to start saving and become financially literate. It provides loans for unexpected expenses and emergencies. It provides educational programs to develop the habit of saving and financial management skills.

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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 $1,578,706

Program Service Revenue $221,689

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,800,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,092

Fundraising Expenses $64,304

Program Expenses $640,598

Other Expenses $360,912

TOTAL EXPENSES $807,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,800,395	$567,976	+2.2%
Expenses	$807,004	$586,410	+0.4%
Net Income	$993,391	$-18,434	-54.9%

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

$131,186

Total Directors

$151,187

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Freeman	Executive Director	60.00	Officer Director Highest	$131,186	$0	$131,186
Maria Judith Alvarez	Director	1.00	Director	$0	$0	$0
Reginald Berry	President	2.00	Officer Director	$0	$0	$0
Cindy Kahn	Secretary	1.00	Officer Director	$0	$0	$0
Iliana Renteria	Director	20.00	Director	$20,001	$0	$20,001
Yana Ricart	Director	1.00	Director	$0	$0	$0
Jon Fox-Rubin	Treasurer	1.50	Officer Director	$0	$0	$0
Vincent Calluzzo	Director	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	$1,800,395	$807,004	$3,585,549	$993,391
2023	$567,976	$586,410	$2,370,764	$-18,434
2022	$425,628	$512,498	$2,049,315	$-86,870
2021	$1,156,033	$306,204	$1,573,171	$849,829