Cortez Retail Enhancement Associat… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Jeff Mobley

Phone

9705644095

Tax Period

2023-01-01 to 2023-12-31

Cortez Retail Enhancement Association, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $256K in total revenue in fiscal year 2023. Expenses of $227K left a modest 11% surplus.

Mission

Promote patronage of Cortez, Colorado businesess

Program Service Accomplishments

Program 1

Expenses: $197,455 Revenue: $255,492

Promote patronage of Cortez businesses through advertising, sale of prepaid gift cards called "Cortez Cash", sponsorship and advertising of local events to attract local residents and visiting...

Promote patronage of Cortez businesses through advertising, sale of prepaid gift cards called "Cortez Cash", sponsorship and advertising of local events to attract local residents and visiting tourists to Cortez, Colorado.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $240,492

Program Service Revenue $15,000

Investment Income $532

Other Revenue $0

TOTAL REVENUE $256,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,005

Fundraising Expenses $0

Program Expenses $197,455

Other Expenses $141,764

TOTAL EXPENSES $226,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,024	$246,273	+0.0%
Expenses	$226,769	$216,971	+0.0%
Net Income	$29,255	$29,302	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$73,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea J Dillon	Executive Director	40.00	Officer	$0	$0	$73,200
Jeff Mobley	President	4.00	Officer Director	$0	$0	$0
Brandon Shubert	Treasurer	4.00	Officer Director	$0	$0	$0
Glenn Leighton	Director	1.00	Director	$0	$0	$0
Corin Wolf	Vice President	4.00	Officer Director	$0	$0	$0
Erin Hanson	Director	1.00	Director	$0	$0	$0
Brenda Hindmarsh	Director	1.00	Director	$0	$0	$0
Chris Aiken	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$256,024	$226,769	$234,997	$29,255
2022	$246,273	$216,971	$197,364	$29,302
2021	$255,598	$206,327	$167,078	$49,271
2020	$213,324	$178,016	$120,984	$35,308
2019	$239,783	$223,721	$103,821	$16,062
2018	$228,452	$225,789	$83,498	$2,663

Cortez Retail Enhancement Association