Chaffee County Economic Development Corporation (EIN 271843812) - 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

2010

Legal Domicile

Principal Officer

Carlin Walsh

Phone

7192392018

Tax Period

2025-01-01 to 2025-12-31

Chaffee County Economic Development Corporation, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $271K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $321K exceeded revenue, resulting in a 19% operating deficit.

Mission

The Chaffee County Economic Development Corporations mission statement is to assure that Chaffee County is open for business and promote the retention, expansion, and creation of jobs.

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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 (2025)

Revenue Breakdown

Contributions & Grants $311,599

Program Service Revenue $0

Investment Income $1

Other Revenue $-41,075

TOTAL REVENUE $270,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,109

Fundraising Expenses $0

Program Expenses $242,583

Other Expenses $180,731

TOTAL EXPENSES $320,840

Year-over-Year Comparison

	2025	2024	Change
Revenue	$270,525	$248,580	+0.1%
Expenses	$320,840	$321,939	0.0%
Net Income	$-50,315	$-73,359	-0.3%

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
David Blazer	Executive Dir.	2.00	Officer	$0	$0	$0
Joe Smith	Vice Chair	2.00	Officer	$0	$0	$0
Carlin Walsh	Chairman	2.00	Officer	$0	$0	$0
Jeff Post	Executive Dir.	2.00	Officer	$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	$270,525	$320,840	$3,701	$-50,315
2024	No data	No data	No data	No data
2023	$498,878	$517,098	$125,733	$-18,220
2022	$337,507	$327,109	$144,055	$10,398
2021	$232,331	$170,949	$125,285	$61,382

Chaffee County Economic Development Corporation