SOUTHERN COLORADO ECONOMIC DEVELOPMENT DISTRICT INC

EIN: 237103101 501(c)(3) Community Improvement

PUEBLO, CO

Total Revenue
$754,119
Total Expenses
$584,438
Total Assets
$511,407
Net Assets
$59,902
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
CO
Principal Officer
TERRY HART
Phone
7195458680
Tax Period
2024-01-01 to 2024-12-31

SOUTHERN COLORADO ECONOMIC DEVELOPMENT DISTRICT INC, founded in 1967, is a small nonprofit in the Community Improvement sector that reported $754K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $170K, a strong 23% operating margin.

Mission

TO ASSIST MEMBER COUNTIES WITH ECONOMIC DEVELOPMENT AND ASSIST WITH OTHER LOAN PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $449,702 Revenue: $11,017

ECONOMIC DEVELOPMENT OF SOUTHERN COLORADO, INCLUDING EDA (FEDERAL GRANT) ADMINISTRATION. COORDINATION OF EFFORTS OF VARIOUS ENTITIES WITH COMMON GOALS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $741,035
Program Service Revenue $11,017
Investment Income $2,455
Other Revenue $-388
TOTAL REVENUE $754,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $421,486
Fundraising Expenses $0
Program Expenses $449,702
Other Expenses $162,952
TOTAL EXPENSES $584,438

Year-over-Year Comparison

2024 2023 Change
Revenue $754,119 $807,527 -0.1%
Expenses $584,438 $1,126,413 -0.5%
Net Income $169,681 $-318,886 -1.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
30
Independent Members
30
Employees
4
Volunteers
30

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
4
$0
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLAINE ARBUTHNOT DIRECTOR N/A
Director
$0 $0 $0
DIANA ARMSTRONG DIRECTOR N/A
Director
$0 $0 $0
SPIKE AUSMUS DIRECTOR N/A
Director
$0 $0 $0
DANELLE BERG VICE-CHAIRPE N/A
Officer Director
$0 $0 $0
CHARLES BOGLE DIRECTOR N/A
Director
$0 $0 $0
RICK BUTLER DIRECTOR N/A
Director
$0 $0 $0
BILL CANDA DIRECTOR N/A
Director
$0 $0 $0
RON COOK DIRECTOR N/A
Director
$0 $0 $0
CARLTON CROFT DIRECTOR N/A
Director
$0 $0 $0
ROY ELLIOT DIRECTOR N/A
Director
$0 $0 $0
DANEYA ESGAR DIRECTOR N/A
Director
$0 $0 $0
JEFF FIELDLER DIRECTOR N/A
Director
$0 $0 $0
JANE M FRASER TREASURER N/A
Officer Director
$0 $0 $0
KENNEDAY GARCIA DIRECTOR N/A
Director
$0 $0 $0
TOM GRASMICK DIRECTOR N/A
Director
$0 $0 $0
TALLIE HARMON DIRECTOR N/A
Director
$0 $0 $0
TERRY HART CHAIRPERSON N/A
Officer Director
$0 $0 $0
KEVIN KEILLBACH DIRECTOR N/A
Director
$0 $0 $0
MIKE LENING DIRECTOR N/A
Director
$0 $0 $0
KAYLA MARCELLA DIRECTOR N/A
Director
$0 $0 $0
ROB OBQUIST DIRECTOR N/A
Director
$0 $0 $0
DONALD OSWALD SECRETARY N/A
Officer Director
$0 $0 $0
JAKE RISHAVY DIRECTOR N/A
Director
$0 $0 $0
LAURA STAFFORD DIRECTOR N/A
Director
$0 $0 $0
MARISA STOLLER DIRECTOR N/A
Director
$0 $0 $0
ALAN STUMP DIRECTOR N/A
Director
$0 $0 $0
MARY JO TESITOR DIRECTOR N/A
Director
$0 $0 $0
CAROLINE TRANI DIRECTOR N/A
Director
$0 $0 $0
ALLIE VANHOOK DIRECTOR N/A
Director
$0 $0 $0
PT WOOD DIRECTOR N/A
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
2024 $754,119 $584,438 $511,407 $169,681
2023 $807,527 $1,126,413 $398,812 $-318,886
2022 $1,167,253 $1,000,974 $928,138 $166,279
2021 $467,366 $443,706 $744,612 $23,660
2021 $549,889 $434,698 $814,712 $115,191
2020 $218,552 $222,548 $731,804 $-3,996
2020 $286,052 $278,317 $744,227 $7,735
2019 $206,859 $131,035 $740,416 $75,824
2018 $201,841 $1,771,911 $682,228 $-1,570,070
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