Metropolitan State College of Denver Alumni Association Inc
Nonprofit profile at a glance
- EIN
- 010595871
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-N 2016
- Location
- Denver, CO, USA
- Phone
- 3036150055
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alumni Associations
Reported finances
- Revenue
- $422,236
- Expenses
- $395,367
- Assets
- $267,346
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JIM QUALTERI (PRESIDENT)
- LEON DURAN (VICE-PRESIDENT)
- JOE RICE (FOUND. BOARD REP.; PAST PRESIDENT)
- BRANDI RIDEOUT (EXECUTIVE DIRECTOR)
People named in this filing
- JIM QUALTERI (PRESIDENT)
- LEON DURAN (VICE-PRESIDENT)
- AMBER MOZET (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To cultivate relationships between alumni, students, and theuniversity community that result in direct volunteer engagement andphilanthropic support of our university.
What it reported doing in 2024
The msu denver alumni association is a 501(c)(4) non-profit corporationestablished in 1971 with the original purpose of "creating and maintaining the spirit of fellowship and good will among all of thealumni of metro state college to encourage a better informed alumnibody to promote the subjects and programs of the alumni association asa medium for best serving the college in the community." since then, the association has refined its purpose, structure and governance to accomplish a single strategic purpose - to create broad and meaningful opportunities for alumni to engage with each other, the university and the larger denver community in ways that support the strategic goals of the university.the association has entered into a number of strategic partnerships that provide both benefits to the alumni as well as financial support to the university. Most notably, the association is partnered with farmers insurance - a relationship that provides discounted insurance policies to msu denver alumni while also generating roughly $10,000 annually to the university. Similarly, in 2018 the association entered into an agreement with the Colorado rockies to be the non-profit partner to conduct a 50/50 raffle at all home games.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 93
- Accountability: 88
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.4%; rating input score 83
- Program expense ratio: 89.1%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.4%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.68; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 21.7% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 83.4% of revenue deployed · 89.1% of spending went to programs
- Governance: 18 of 18 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $352K in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 3 filed schedules · includes grants
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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: Independent financial-statement audit not reported.
- Review — Sustainability: Operating margin scored 53/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.