Financial statements
- Statute:
- Colorado §7-136-106 · Part NP (Colorado Revised Nonprofit Corporation Act)
- Topic:
- Records & Disclosure · Financials
- Applies to:
- Nonprofit associations
On written request, a nonprofit corporation must furnish a member with its latest annual financial statements, including a balance sheet and a statement of operations for that year.
📄 Read the official text at leg.colorado.gov →
How SoShiny helps with Financial statements
SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox.
See the feature → Start freeFrequently asked
- What does Colorado §7-136-106 require?
- On written request, a nonprofit corporation must furnish a member with its latest annual financial statements, including a balance sheet and a statement of operations for that year.
- Who does Colorado §7-136-106 apply to?
- Colorado §7-136-106 applies to Nonprofit associations in Colorado.
- What happens if our nonprofit corporation doesn't comply with §7-136-106?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Colorado community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Colorado §7-136-106?
- The official text is published by the Colorado General Assembly at leg.colorado.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Financial statements?
- SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox. Learn more →
Not legal advice. This page is a plain-English summary of Colorado §7-136-106 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Colorado-licensed attorney. For the official statutory text, see the link above.
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