SOUTHERN COLORADO ECONOMIC DEVELOPMENT DISTRICT INC (EIN 237103101) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

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

ECONOMIC DEVELOPMENT IN SOUTHERN 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 (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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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

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

Total Directors

Key Employees

Highest Compensated

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

SOUTHERN COLORADO ECONOMIC DEVELOPMENT DISTRICT INC