Senate Presidents' Forum Inc
Nonprofit profile at a glance
- EIN
- 223284046
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Golden, CO, USA
- Phone
- 9146931818
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $1,655,333
- Expenses
- $1,999,712
- Assets
- $1,115,197
- Liabilities
- $572,322
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Rose Anne Swan (Executive Director)
Highest reported compensation
- Rose Anne Swan (Executive Director): $225,171 total reported compensation
- Caroline Carlson (Incoming Exe Dir (start 10/24)): $49,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The senate presidents' forum is a nonpartisan, nonideological, nonprofit 501(c)(3) educational organization, established in 1994 by executive director rose swan along with its first chair, donald t. Difrancesco (nj), and its board of directors. The forum's mission is to provide a nonpartisan environment where state senate leaders meet to consider potential solutions to critical problems facing the states. The forum hosts three educational conferences each year, where legislative leaders engage in open and productive discussions, leveraging their shared experiences and gaining insight from globally recognized experts. The forum is noted for respectful discussion of divergent viewpoints, collaborative strategies to find common ground, and evidence-based problem-solving for the common good. It is not a political action committee of any sort, and it does not raise or distribute money to influence the outcome of elections or legislation. No lobbying or political fundraising is permitted at
What it reported doing in 2024
Expenses incurred in providing a nonpartisan environment where state senate leaders meet to consider potential solutions to critical problems facing the states.
Operating model
- Revenue model
- Earned-program. 99% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 71
- Accountability: 84
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 89%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 22nd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Missing
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -20.8%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 13.7%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 7.4% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 11.3% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 89% of spending went to programs
- Governance: 8 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.8M in reported program spending
- Leadership: top reported pay $225K · 9 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $394K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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: Operating margin scored 9/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Review — Accountability: Governance controls: Conflict-of-interest policy not reported.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 26/100.