NORTHWEST DOUGLAS COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 453723816) - 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

2011

Legal Domicile

Principal Officer

ELLIE REYNOLDS

Phone

7209812952

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST DOUGLAS COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $548K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 22% operating margin.

Mission

THE CORPORATION IS FORMED EXCLUSIVELY TO PROMOTE ECONOMIC DEVELOPMENT IN DOUGLAS COUNTY, COLORADO WHICH INCLUDES (BUT NOT LIMITED TO) INFRASTRUCTURE IMPROVEMENTS, JOB CREATION, PUBLIC POLICY, AND MARKETING OF THE REGION AS A PREMIER PLACE TO LOCATE AND/OR EXPAND A BUSINESS.

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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 $480,967

Program Service Revenue $63,219

Investment Income $2,669

Other Revenue $833

TOTAL REVENUE $547,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,235

Fundraising Expenses $0

Program Expenses $163,054

Other Expenses $170,646

TOTAL EXPENSES $427,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$547,688	$401,030	+0.4%
Expenses	$427,881	$504,471	-0.2%
Net Income	$119,807	$-103,441	-2.2%

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

$75,833

Total Directors

$75,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN JONES	TREASURER	N/A	Officer Director	$0	$0	$0
GEOFF LAWTON	CHAIR	N/A	Officer Director	$0	$0	$0
MICHELLE COLAIZZI	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHELLE ODDO	DIRECTOR	N/A	Director	$0	$0	$0
ALEX SCHATZ	DIRECTOR	N/A	Director	$0	$0	$0
BROCK SMETHILLS	DIRECTOR	N/A	Director	$0	$0	$0
HEATHER TAYLOR	DIRECTOR	N/A	Director	$0	$0	$0
CHASE AALBORG	DIRECTOR	N/A	Director	$0	$0	$0
JOSHUA BAILE	DIRECTOR	N/A	Director	$0	$0	$0
ELLIE REYNOLDS	PRESIDENT	N/A	Officer Director	$75,833	$0	$75,833
REBECCA HOLM	DIRECTOR	N/A	Director	$0	$0	$0
MONICA WASDEN	DIRECTOR	N/A	Director	$0	$0	$0
DAVID SIMONSON	DIRECTOR	N/A	Director	$0	$0	$0
KYLE CHIASSON	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE TEAL	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$547,688	$427,881	$366,559	$119,807
2022	$401,030	$504,471	$400,033	$-103,441
2021	$548,327	$466,578	$353,895	$81,749
2020	$547,375	$424,612	$266,810	$122,763
2019	$527,226	$506,936	$146,281	$20,290
2018	$204,250	$192,687	$122,805	$11,563

NORTHWEST DOUGLAS COUNTY ECONOMIC DEVELOPMENT CORPORATION