Durango Industrial Development Found (EIN 237217517) - 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

1972

Legal Domicile

Principal Officer

Jason Portz

Phone

9703855329

Tax Period

2024-01-01 to 2024-12-31

Durango Industrial Development Found, founded in 1972, is a micro nonprofit that reported $96K in total revenue in fiscal year 2024. Revenue surged 1021% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 1879% operating deficit.

Mission

To create an environment which will enhance the Durango area economy by creating new jobs and diversifying our economic base.

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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 $0

Program Service Revenue $0

Investment Income $95,518

Other Revenue $0

TOTAL REVENUE $95,518

Expense Breakdown

Grants Paid $1,876,726

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,959

TOTAL EXPENSES $1,890,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,518	$8,521	+10.2%
Expenses	$1,890,685	$24,319	+76.7%
Net Income	$-1,795,167	$-15,798	+112.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Morehart	Treasurer	1.00	Officer Director	$0	$0	$0
Don Mapel	Vice President	1.00	Officer Director	$0	$0	$0
Steve Short	Director	1.00	Director	$0	$0	$0
Greg Munroe	Secretary	1.00	Officer Director	$0	$0	$0
Jason Portz	President	1.00	Officer Director	$0	$0	$0
Heidi Zink	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
2024	$95,518	$1,890,685	$1,036,950	$-1,795,167
2023	$8,521	$24,319	$2,915,550	$-15,798
2022	$30,991	$19,763	$3,072,130	$11,228
2021	$58,702	$16,464	$3,153,742	$42,238
2020	$5,457	$16,922	$3,088,736	$-11,465
2019	$20,369	$19,667	$3,064,955	$702
2018	$85,414	$16,136	$2,985,861	$69,278

Durango Industrial Development Found