Colorado · Nonprofit · $2M-$10M in federal spending
ICAST
Lakewood, CO
The FY2023 single audit reports 1 finding: 1 material weakness.
No FY2024 single audit on file as of October 30, 2026. For the fiscal year ending December 31, 2024, it was due September 30, 2025, 395 days earlier. It is expected because the FY2023 audit reported $9,625,498 in federal spending; an organization whose federal spending fell below the threshold would not need one.
Score: 8 of 100 (FY2023 audit)
The sum of eight parts, each read from the audit. How the score works.
| Part | Rule | Points | Max |
|---|
| Material weaknesses | 8 points each | 8 | 24 |
| Significant deficiencies | 3 points each | 0 | 9 |
| Repeat findings | 5 points each | 0 | 15 |
| Longest repeat chain | 2 years 3, 3 years 6, 4 years 9, 5+ years 12 | 0 | 12 |
| Modified major-program opinions | qualified 8 each; any adverse or disclaimer 15 | 0 | 15 |
| Questioned costs | known amount of $25,000 or more, by share and dollars | 0 | 15 |
| Going concern | auditor included a going-concern paragraph | 0 | 5 |
| Prior-year lateness | prior-year audit late or not filed, scored only with a finding | 0 | 5 |
| Score | | 8 | 100 |
Federal funding, FY2023
$9,625,498 in federal awards spent, across 11 programs. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Energy | $6,908,393 |
| Department of the Treasury | $953,658 |
| Department of Housing and Urban Development | $901,865 |
FY2023 audit
- FAC record
- 2023-12-GSAFAC-0000059553
- Fiscal year end
- December 31, 2023
- Accepted by FAC
- September 30, 2024
- Federal spending
- $9,625,498 · 11 programs
- Major programs
- 3
- Score
- 8 of 100
Finding 2023-001
material weaknessother matters
- Program
- CDBG - ENTITLEMENT GRANTS CLUSTER (14.218); CONSERVATION RESEARCH AND DEVELOPMENT (81.086); CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS (21.027); ENVIRONMENTAL EDUCATION GRANTS PROGRAM (66.951); HEALTHY ENVIRONMENTAL LIVING PROGRAM (HELP) (66.963); HEALTHY HOMES PRODUCTION PROGRAM (14.913); HEALTHY HOMES WEATHERIZATION COOPERATION DEMONSTRATION GRANTS (14.901); LOW-INCOME HOME ENERGY ASSISTANCE (93.568); RENEWABLE ENERGY RESEARCH AND DEVELOPMENT (81.087); SOURCE REDUCTION ASSISTANCE (66.717); WEATHERIZATION ASSISTANCE FOR LOW-INCOME PERSONS (81.042)
- Compliance requirement
- Other
- FAC record
- FY2023 audit on fac.gov
Finding text from the filing
The SEFA prepared did not include assistance listing numbers for each program; grants provided to ICAST as a vendor and not a subrecipient were incorrectly included on the SEFA, and the SEFA was missing two programs where the grantor treated ICAST as a subrecipient. Accrual estimates were used for the expenditures that were not reconciled until eight months after year-end.