Colorado Springs Rodeo Association

What it reported doing in 2024

The pikes peak or bust rodeo is the second oldest event in our community and was started in 1937. In 2022 the rodeo hosted the first prestigious nfr open. This annual event is held in july and features contestants from each of the 12 u.s. And canadian circuits, plus mexican national champions, bringing more than 200 contestants to the norris penrose event center. The rodeo hosts over 49.1k visitors, with 30% from outside the area and 70% who are local. The nfr open at the pikes peak or bust rodeo is in the top 97% nationwide as an attraction and in the top 96% in the state of Colorado.continued on schedule othe rodeo fan zone is packed with activities for all ages, including pony rides, a petting zoo, face painting, goat roping, mutton bustin', old west gunfighters, and a beer & wine corral. Vendor booths offer a wide array of unique goods from hats and authentic western wear to toys and souvenirs, with concessions providing plenty of options for meals, snacks, and drinks. The rodeo also features the girl of the west, a rodeo ambassador, who helps promote "the western way of life and the western-type american girl" at our rodeo and other events.the rodeo is led by an all-volunteer board of directors and is supported by over 495 volunteers who all dedicate an impressive amount of time and energy to make this event successful each year. This event is about history, about the future of the fast-growing sport of professional rodeo, and about showing appreciation to those service men and women who protect our nation. The pikes peak or bust rodeo has been giving back to our local military and their families since 1946, donating over $1 million over the past decade. The support includes contributions to a wide variety of programs such as food baskets at the holidays, emergency travel and shelter resources, programs for families of deployed service members, and tickets to attend the rodeo.

Financial Efficiency

• Mission deployment rate: 99.6%; rating input score 100
• Program expense ratio: 99.5%; rating input score 100
• Fundraising efficiency: Limited

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: 100%; rating input score 100; 72nd percentile among comparable filings
• 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: 2 of 7 controls in place; rating input score 29
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -0.1%; rating input score 32; 32nd percentile among comparable filings
• Total-asset coverage ratio: 0.02; rating input score 1; 1st percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

• Program expense growth: 12.5% per year; rating input score 100; 72nd percentile among comparable filings
• Revenue growth: 10.6% per year; rating input score 100; 70th percentile among comparable filings
• Asset growth: 6.9% per year; rating input score 100; 45th percentile among comparable filings