Local First Foundation

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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

2019

Legal Domicile

Principal Officer

Doug McCarthy

Phone

9707996618

Tax Period

2023-01-01 to 2023-12-31

Local First Foundation, founded in 2019, is a small nonprofit in the Health Care sector that reported $231K in total revenue in fiscal year 2023. The organization ran a surplus of $99K, a strong 43% operating margin.

Mission

The mission of the Local First Foundation is to build self-reliance, sense of place, and well-being for the stakeholders of the La Plata County community.

Program Service Accomplishments

Program 1

Expenses: $55,549

Local First Foundations Healthcare Initiative serves as a locus of community accountability to foster community well-being. We partner with Peak Health Alliance, a nonprofit healthcare purchasing...

Local First Foundations Healthcare Initiative serves as a locus of community accountability to foster community well-being. We partner with Peak Health Alliance, a nonprofit healthcare purchasing cooperative, to increase health insurance affordability and reduce the cost of living for residents of southwest Colorado. We collaborated with the League of Women Voters to help launch the La Plata Healthcare Improvement Coalition, which brought together 40 community members to address challenges affecting local residents; Foundation staff co-chaired two coalition workgroups to support this work. We compiled a directory of local mental healthcare providers and regularly shared resources with the business community to support workforce mental health following the pandemic. Staff also served on a steering committee to guide the community health needs assessment conducted by San Juan Basin Public Health.

Program 2

Expenses: $28,008

The Local Self-Reliance Program includes working with the Local First Independent Business Alliance to sponsor campaigns that raise public awareness of the value of participating in the local...

The Local Self-Reliance Program includes working with the Local First Independent Business Alliance to sponsor campaigns that raise public awareness of the value of participating in the local circular economy and of adopting sustainable business practices. This program provides general sponsorship of Durango First Fridays in which local businesses serve as a venue where local artists and artisans can showcase their work to the general public, thereby advancing community arts and culture and strengthening the local creative economy.

Program 3

Expenses: $21,873

Program Development focuses on building a local movement to invest in addressing our communitys most pressing concerns. During 2023, our efforts focused on collaborating with other community...

Program Development focuses on building a local movement to invest in addressing our communitys most pressing concerns. During 2023, our efforts focused on collaborating with other community nonprofits and government agencies to assess how the community can meet the need for affordable housing and childcare, as well as ongoing efforts to promote local business resilience and continued recovery from the impact of the COVID-19 pandemic.

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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 (2023)

Revenue Breakdown

Contributions & Grants $222,492

Program Service Revenue $8,620

Investment Income $227

Other Revenue $0

TOTAL REVENUE $231,339

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $41,140

Fundraising Expenses $0

Program Expenses $114,051

Other Expenses $70,596

TOTAL EXPENSES $132,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,339	N/A	N/A
Expenses	$132,736	N/A	N/A
Net Income	$98,603	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kip Koso	Chairman	4.00	Officer	$0	$0	$0
Jeanne Sczech	Vice Chair	3.00	Officer	$0	$0	$0
John Lopez	Treasurer	3.00	Officer	$0	$0	$0
Lauren Berutich	Executive Dir.	25.00	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
2023	$231,339	$132,736	$121,336	$98,603
2021	$255,396	$128,521	$239,003	$126,875