Quarterly fundraising reports for federal campaigns were due by midnight on Friday. Since many of you had signed off for the weekend long before that time, we’ll break down everything you need to know below…
Incumbent Democratic Sen. Michael Bennet maintains his sizable fundraising lead over the rest of the field of Senate hopefuls.
The numbers for Ron Hanks are interesting for a non-obvious reason. Yes, Hanks isn’t raising diddly squat for his campaign, but it also appears as though he’s not really trying to fundraise. Only 11 individual contributors appear on Hanks’s fundraising report; Bennet, by comparison, has hundreds of individual contributors. We suppose it’s possible that Hanks is just really bad at fundraising, but the limited number of contributors suggests that Hanks is intentionally choosing to do other things with his time. Hanks may be hoping for more unsolicited donations now that he is the top line candidate on the June Primary ballot, which is sorta what happened for 2016 Republican Senate nominee Darryl Glenn. Hanks also knows that if he wins the GOP Primary, he’ll get national fundraising help to some degree.
Joe O’Dea does appear to be raising money in the traditional manner — just not a lot of it. His numbers would be pretty good if he were running for a seat in the House of Representatives, but this is a weak quarter for a Senate candidate. Again, fundraising is likely to be a lot easier for O’Dea now that the GOP field is down to just he and Hanks, but this isn’t a great sign for a candidate who has more of a name ID problem than his Republican opponent.
Three other former Republican Senate candidates committed the cardinal sin in politics of losing with money in the bank. Gino Campana ($625k), Eli Bremer ($150k), and Deborah Flora ($209k) all failed to qualify for the June Primary ballot via the assembly process, which puts an end to their 2022 campaigns but does not zero out their candidate bank accounts.
Incumbent Republican Rep. Lauren “Q*Bert” Boebert continues to raise a lot money…but she’s also spending a good deal of her coin as well. Her opponent in the June Primary, Don Coram, isn’t doing well on the fundraising front and will likely need to rely on spending from third-party groups to boost his name ID and/or weaken Boebert.
As for the Democrats, Sol Sandoval continues to burn through her money at an alarming rate. Sandoval’s fundraising hasn’t been bad — she has pulled in more than $800k for her campaign thus far — but she has also spent more than $700k. The “poop guy,” Alex Walker, raised nearly $130k in just about one month, which would put him on a decent trajectory if he were able to maintain this pace. Adam Frisch, meanwhile, is sitting on $1.66 million in the bank — most of it coming from people named Adam Frisch.
Challenger Dave Williams had a decent fundraising quarter, though he has a long way to go in order to catch up to what incumbent Rep. Doug Lamborn has in the bank. Lamborn’s $82,955 Q1 is pretty weak, but it’s not much less than what he normally raises in a given quarter. Money likely won’t play that big of a role in the June Primary, which will mostly be a battle over a smaller group of consistent Republican voters.
Democrat Brittany Pettersen turned in a solid first fundraising quarter, trailing only Boebert for the lead among candidates for the U.S. House in Colorado. Republican Tim Reichert technically reported more money in contributions, but $500k came in the form of a personal check. [Side note: Reichert laughably claimed in a press release that “70%” of his donations came from Coloradans…a figure that includes 100% of all Tim Reicherts in the state].
The other two Republicans in the race are struggling on the money front. Erik Aadland had a not-completely-terrible contribution number, but he spent most of it and now has very little left in the bank. Laurel Imer, meanwhile, would likely be trailing her opponents in a race for the STATE House of Representatives.
This entire list might qualify as the biggest surprise of the first quarter. Congressional district eight is a brand new congressional district with no incumbent in the way, yet no candidate is really crushing it on the fundraising front. Democrat Yadira Caraveo has the most in the bank, and she should be able to build on that lead now that she doesn’t have an opponent in the June Primary.
Republican Lori Saine, who earned top line on the June Primary ballot, seems to be taking a similar approach to that of Ron Hanks in the U.S. Senate race; Saine only has about 30 total contributions, which indicates that she isn’t putting any real time or effort into fundraising. Saine has good enough name ID in a four-way Primary that being a top fundraiser isn’t as important as it might be for other candidates.
Fellow Republican Barbara Kirkmeyer dropped the biggest turd of the bunch, though perhaps her low numbers indicate that she expects outside groups (such as Americans for Prosperity) to do the heavy lifting on her behalf. Meanwhile, Jan Kulmann’s numbers are fairly weak for someone who touts strong connections to the oil and gas industry. Tyler Allcorn produced a better quarter than we would have expected, though it helps to be able to write yourself a big check; still, Allcorn’s numbers indicate that he may have enough resources to play a spoiler role in June.