COLORADO FOOD CLUSTER INC

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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

KRISTEN COLLINS

Phone

6614338773

Tax Period

2023-01-01 to 2023-12-31

COLORADO FOOD CLUSTER INC, founded in 2021, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $952K left a modest 5% surplus.

Mission

PROVIDE OPPORTUNITIES FOR ALL TO THRIVE BY OFFERING FREE FOOD RESOURCES TO COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $352,295 Revenue: $0

THE ORGANIZATION DESIGNED AND BEGAN THE INITIAL PHASES OF IMPLEMENTATION FOR THE FOOD UTILITY/UNIVERSAL BASIC FOOD PROGRAM. DESIGNED RESEARCH AND EVALUATION PROPOSAL, DEVELOPED CORE TECHNOLOGY...

THE ORGANIZATION DESIGNED AND BEGAN THE INITIAL PHASES OF IMPLEMENTATION FOR THE FOOD UTILITY/UNIVERSAL BASIC FOOD PROGRAM. DESIGNED RESEARCH AND EVALUATION PROPOSAL, DEVELOPED CORE TECHNOLOGY INFRASTRUCTURE FOR HOUSING AND SECURING DATA (DATA COMMONS) AND IDENTIFIED AND SECURED PARTNERSHIPS FOR RECRUITMENT OF PARTICIPANTS.

Program 2

Expenses: $270,367 Revenue: $0

THE CHILD ADULT CARE FOOD PROGRAMS (CACFP) ARE ADMINISTERED BY THE COLORADO DEPARTMENT OF HEALTH AND ENVIRONMENT. THERE ARE THREE PROGRAM TYPES, CACFP-CENTERS, CACFP-HOME CARE PROVIDERS, AND CACFP...

THE CHILD ADULT CARE FOOD PROGRAMS (CACFP) ARE ADMINISTERED BY THE COLORADO DEPARTMENT OF HEALTH AND ENVIRONMENT. THERE ARE THREE PROGRAM TYPES, CACFP-CENTERS, CACFP-HOME CARE PROVIDERS, AND CACFP AT-RISK AFTERSCHOOL PROGRAMS. THE CACFP IS A USDA FEDERAL ENTITLEMENT PROGRAM THAT SUPPLEMENTS MEAL COSTS FOR CHILD CARE SERVICE PROVIDERS. CURRENTLY, CFC HAS A CONTRACT WITH CDPHE AS A SPONSOR OF CACFP-CENTERS. WE ARE IN THE PROCESS WITH THE STATE TO ALSO BE A SPONSOR OF CACFP-HOME CARE PROVIDERS. THEY ARE BOTH PAID TO CFC BY CDPHE SO WE HAVE TO KEEP OUR PROGRAMMED REIMBURSEMENTS CODES SEPERATE FOR THE TWO CACFP PROGRAMS.

Program 3

Expenses: $196,630 Revenue: $161,798

IN 2023 OUR SUMMER FOOD SERVICE PROGRAM LAUNCHED IN FIVE NEW RURAL COUNTIES IN COLORADO. WE PROVIDED 41,620 FREE MEALS AND MEAL DELIVERY TO 575 SCHOOL AGED CHILDREN DURING THE SUMMER MONTHS WHICH...

IN 2023 OUR SUMMER FOOD SERVICE PROGRAM LAUNCHED IN FIVE NEW RURAL COUNTIES IN COLORADO. WE PROVIDED 41,620 FREE MEALS AND MEAL DELIVERY TO 575 SCHOOL AGED CHILDREN DURING THE SUMMER MONTHS WHICH STUDENTS WERE NOT IN SCHOOL. THE PROGRAM SERVED 41,620 MEALS FROM JUNE THROUGH AUGUST. IN JANUARY, CFC WAS RECOGNIZED BY A NATIONAL ENTITY AS A BEST PRACTICE FOR OUR IMPLEMENTATION OF NON-CONGREGATE USDA MEAL PROGRAMS.

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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 $841,036

Program Service Revenue $161,798

Investment Income $0

Other Revenue $435

TOTAL REVENUE $1,003,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $456,360

Fundraising Expenses $59,005

Program Expenses $819,292

Other Expenses $452,475

TOTAL EXPENSES $952,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,003,269	$6,779,627	-0.9%
Expenses	$952,370	$6,348,414	-0.8%
Net Income	$50,899	$431,213	-0.9%

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

$101,516

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN COLLINS	EXECUTIVE DIRECTOR	40.00	Officer	$101,516	$0	$101,516
CARLA FREEMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAT DONOVAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KEARA MASCARENAZ	TREASURER	1.00	Officer Director	$0	$0	$0
ALVINA VASQUEZ	BOARD MEMBER (THRU 3/23)	0.50	Director	$0	$0	$0
LANDON MASCARENAZ	BOARD MEMBER (THRU 1/23)	0.50	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	No data	No data	No data	No data
2023	$1,003,269	$952,370	$573,021	$50,899
2022	$6,779,627	$6,348,414	$636,923	$431,213
2021	$303,828	$107,337	$214,923	$196,491