DENVER, CO
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)ADVANCE INC, founded in 2022, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 41% operating margin.
Advance, Inc. (The Organization) is a non-profit, 501(c)(3) tax exempt organization located in Denver, CO with a mission to offer services to Aurora CO adults experiencing homelessness by creating a community that provides all the help required to those willing to work toward self-sufficiency; anyone who wants help gets help. Advance will be a community of inspiring individuals who believe in the innate capacity for change, accepting both potential and brokenness as part of humanity. The individuals served in their Transitional Homes will be referred to as Community Members. The Organization expanded in 2024 to include operating the Aurora Resource Day Center that serves about 65 unhoused adults daily as well as providing emergency cold weather shelter for up to 150 adults per evening. The Aurora City Council also approved Advance to be the sole operator of the Aurora Regional Navigational Campus beginning in late 2025.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,696,789 | $1,568,098 | +0.7% |
| Expenses | $1,587,900 | $402,936 | +2.9% |
| Net Income | $1,108,889 | $1,165,162 | 0.0% |
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| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JIM GOEBELBECKER | Executive Dir. | 40.00 |
Officer
|
$172,931 | $17,153 | $190,084 |
| OWEN MCALEER | Chairman | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL SCUDO | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF PARKER | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MEGHAN SHAY | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| KELSEY NOLAN | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,696,789 | $1,587,900 | $2,458,469 | $1,108,889 |
| 2023 | $1,568,098 | $402,936 | $1,298,982 | $1,165,162 |
Compare ADVANCE INC with other nonprofits in Colorado and across the country.