LAKE COUNTY ECONOMIC DEVELOPMENT C… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

TAMIRA JENLINK

Phone

7192932316

Tax Period

2022-01-01 to 2022-12-31

LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2012, is a small nonprofit that reported $288K in total revenue in fiscal year 2022. The organization ran a surplus of $59K, a strong 20% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE BUSINESS AND STIMULATE ALL FORMS OF ECONOMIC DEVELOPMENT IN THE TOWN OF LEADVILLE AND LAKE COUNTY, COLORADO.

Program Service Accomplishments

Program 1

PROMOTION OF BUSINESS AND ECONOMIC STIMULATION OF LEADVILLE AND LAKE COUNTY'S ECONOMY

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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 (2022)

Revenue Breakdown

Contributions & Grants $275,035

Program Service Revenue $13,225

Investment Income $222

Other Revenue $0

TOTAL REVENUE $288,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,402

Fundraising Expenses $0

Other Expenses $72,328

TOTAL EXPENSES $229,730

Year-over-Year Comparison

	2022	2021	Change
Revenue	$288,482	$285,892	+0.0%
Expenses	$229,730	$281,962	-0.2%
Net Income	$58,752	$3,930	+13.9%

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

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

$84,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MCGUINNESS	DIRECTOR	N/A	Director	$0	$0	$0
TAMIRA JENLINK	DIRECTOR	2.00	Director	$0	$0	$0
KAYLA MARCELLA	DIRECTOR/SEC	N/A	Officer Director	$0	$0	$0
HEATHER LINDH	DIRECTOR	N/A	Director	$0	$0	$0
BEN CAIRNS	DIRECTOR	N/A	Director	$0	$0	$0
NELL WAREHAM	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL LEAHEY	DIRECTOR/TRE	N/A	Officer Director	$0	$0	$0
MATT WESTENBURG	DIRECTOR/PRE	N/A	Officer Director	$0	$0	$0
ADAM DUCHARME	DIRECTOR	N/A	Director	$0	$0	$0
KEITH MOFFETT	DIRECTOR	N/A	Officer Director	$0	$0	$0
MARY SCHROEDER	DIRECTOR	N/A	Director	$0	$0	$0
TIM HILL	DIRECTOR	N/A	Director	$0	$0	$0
TRACY PURDY	DIRECTOR	N/A	Director	$0	$0	$0
NANCY BAILEY	EXECUTIVE DI	40.00	Officer	$82,200	$2,445	$84,645
MELISSA KENDRICK	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE SEIFFER	DIRECTOR	N/A	Director	$0	$0	$0
ELSA THARPE	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
2022	$288,482	$229,730	$296,801	$58,752
2021	$285,892	$281,962	$264,727	$3,930
2020	$262,352	$245,349	$228,957	$17,003

LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION