Rocky Mountain Microfinance

EIN: 263218152 501(c)(3) Community Improvement

Denver, CO

Total Revenue
$3,033,774
Total Expenses
$4,254,248
Total Assets
$2,754,290
Net Assets
$2,053,502
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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
2008
Legal Domicile
CO
Principal Officer
Jessica Sveen
Phone
7209415037
Tax Period
2023-10-01 to 2024-09-30

Rocky Mountain Microfinance, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2023. Expenses of $4.3M exceeded revenue, resulting in a 40% operating deficit.

Mission

RMMFI invests in entrepreneurs' personal and business development through a proven mix of classroom, coaching, capital, and community. Since 2008, RMMFI has supported the launch or expansion of more than 300 businesses in Colorado, 90% of which are owned by women and/or people of color, and lent over $878,000 through more than 300 loans with a 94% repayment rate.Intentionally built along the Idea, Launch, and Thrive business incubator pathway, RMMFI's programs help entrepreneurs build strong foundations in both their businesses and their lives. RMMFI's holistic approach brings people, businesses, and communities together to allow individuals to tap into the social and economic benefits of business ownership and create impact for their business, their household, and their community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,982,514
Program Service Revenue $20,877
Investment Income $30,383
Other Revenue $0
TOTAL REVENUE $3,033,774

Expense Breakdown

Grants Paid $284,500
Salaries & Benefits $3,339,977
Fundraising Expenses $323,709
Program Expenses $3,441,380
Other Expenses $629,771
TOTAL EXPENSES $4,254,248

Year-over-Year Comparison

2023 2022 Change
Revenue $3,033,774 $2,825,207 +0.1%
Expenses $4,254,248 $3,443,749 +0.2%
Net Income $-1,220,474 $-618,542 +1.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
41
Volunteers
312

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
3
$133,946
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Abbey O' Neal Chair 3.00
Officer Director
$0 $0 $0
Jay Whisenton Secretry 3.00
Officer Director
$0 $0 $0
Deanna Mettler Treasurer 2.00
Director
$0 $0 $0
Chris Coble Exec Committee Member at L 2.00
Director
$0 $0 $0
Edgar Aguilar Member 2.00
Director
$0 $0 $0
Rebecca Darling Member 2.00
Director
$0 $0 $0
Katie Genova Member 2.00
Director
$0 $0 $0
Sandra Ortega Member 2.00
Director
$0 $0 $0
Kirby Rising Member 2.00
Director
$0 $0 $0
Jessica Sveen CEO 50.00
Officer
$133,946 $0 $133,946
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 $3,033,774 $4,254,248 $2,754,290 $-1,220,474
2023 $2,825,207 $3,443,749 $3,833,899 $-618,542
2022 $3,540,042 $2,415,939 $4,399,998 $1,124,103
2021 $2,686,015 $1,659,971 $3,248,488 $1,026,044
2020 $2,507,181 $1,505,244 $2,467,203 $1,001,937
2019 $1,371,907 $976,314 $1,196,119 $395,593
2018 $845,125 $824,772 $666,160 $20,353
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