Brain Injury Association of Colorado

Nonprofit profile at a glance

EIN
840893049
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Denver, CO, USA
Phone
3033559969
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Brain Disorders

Reported finances

Revenue
$3,621,889
Expenses
$3,105,185
Assets
$1,022,107
Liabilities
$164,543

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • KATE KERKMANS LCSW CBIS (PRESIDENT/CE)

Highest reported compensation

  • KATE KERKMANS LCSW CBIS (PRESIDENT/CE): $120,944 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Through guidance, resources, support, and education, we seek to engage with coloradans in the lifelong growth of those affected by an injury to the brain.

What it reported doing in 2024

Client support, advocacy, information and resources: self-management/skill building - self-management is a program designed and available for survivors of a traumatic brain injury (tbi) who want to invest time in improving their skills in specific areas that can be challenging after a brain injury. Biac advisors will work one-on-one with each participant to assess their strengths and weaknesses, identify natural supports in their life, and develop strategies for building specific skills with the goal of greater self-sufficiency. Resource navigation: resource navigation is our foundational support program for survivors, family members, and caregivers. It is intended to be quick and easy to access. Education consultation - biac provides state-wide intake and referrals of youths in the community with any type of brain injury. Biac works closely with the Colorado department of education as well as school districts and schools to help the child and family to thrive in the education system post-injury. Criminal justice system - our goal is to offer support for individuals involved in the criminal justice system so they may improve their well- being and strengthen the greater community. We approach individuals involved in the system with the same compassion and nondiscriminatory mindset as we do for all survivors of an injury to the brain. Classes and workshops - several classes and workshops designed for survivors of a brain injury and their family members/caregivers are held throughout the state. The workshops are free or very affordable and feature topics that survivors and caregivers can use at home. Community outreach & education - biac staff give presentations, exhibits, and seminars throughout Colorado to many different community groups depending on their specific needs. Staff attend and exhibit at conferences and meetings in order to increase awareness of brain injury in the community and to share information on local resources. Public policy - biac engages in state and federal legislative advocacy to encourage policies that improve the lives of survivors of a brain injury. Biac also works towards the establishment of an organized system of care, which includes appropriate services and benefits for persons with brain injury. Online resource directory - extensive and up to date database of brain injury related providers available for public access on our website. This is the most comprehensive resource directory on Colorado based brain injury providers in the state. Support groups - over 80 state-wide support groups meet on a regular basis for understanding more about brain injury, learning about resources in their community, emotional healing, socialization, an opportunity to be understood and to express oneself, and exploring common needs and strengths. Recreation and social programs - we offer multi-day programs, one-day recreation programs, and numerous social events. Participants experience the best of Colorado with caring, professional, and highly experienced staff. The activities include hiking, climbing, a ropes course, cycling, rafting, and social gatherings and outings. Winter activities include skiing, snowboarding, tubing, and ice fishing. Peer mentorship - the program is designed to support survivors explore resiliency, define what it means to thrive, and then to take steps in this direction. The program spans up to a year in duration, with weekly phone or video conference contacts, and if possible, a monthly community activity (dependent upon proximity, transportation and personal budgets).

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.7%; rating input score 75
  • Program expense ratio: 87.1%; rating input score 87
  • Fundraising efficiency: $26.54 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.3%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: 14.1% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 12.3% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 12.3% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 74.7% of revenue deployed · 87.1% of spending went to programs
  • Governance: 18 of 18 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $2.7M in reported program spending
  • Leadership: top reported pay $121K · 19 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.