Destination Colorado Meetings
Nonprofit profile at a glance
- EIN
- 841340835
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Wolcott, CO, USA
- Phone
- 9703908334
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $557,992
- Expenses
- $456,151
- Assets
- $499,311
- Liabilities
- $108,024
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- Meg Tewkesbury (President)
Highest reported compensation
- Kelly Layton (Executive Dir.): $65,990 total reported compensation
- Marie Huston (Foundation Mgr.): $52,688 total reported compensation
- Cayley Loeffler (Director): $17,480 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A member based state association of over 100 companies targeting meeting planners & incentive buyers. members include bureaus, hotels, resorts, destination management companies, activity companies, & other meeting services. we are colorado's statewide meetings resource.
Operating model
- Revenue model
- Earned-program. 61% of the money available for current operations came from fees and other program revenue.
- 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 90
- Accountability: 75
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.5%; rating input score 66
- Program expense ratio: 79.2%; rating input score 79
- 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: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85%; rating input score 85; 20th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 18.3%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 1.09; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 29.8%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 30.3% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 24.1% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 6% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 65.5% of revenue deployed · 79.2% of spending went to programs
- Governance: 17 of 20 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $361K in reported program spending
- Leadership: top reported pay $66K · 20 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.