ESTES PARK ECONOMIC DEVELOPMENT CORPORATION (EIN 463326927) - 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

2013

Legal Domicile

Principal Officer

CHRISTINA KRAFT

Phone

9705771031

Tax Period

2023-01-01 to 2023-12-31

ESTES PARK ECONOMIC DEVELOPMENT CORPORATION, founded in 2013, is a small nonprofit that reported $251K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $301K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ESTES PARK EDC SHALL PLAN FOR AND PROMOTE THE ECONOMIC DEVELOPMENT OF THE ESTES PARK VALLEY IN WAYS THAT ARE COMPATIBLE WITH THOSE QUALITIES THAT MAKE ESTES PARK A UNIQUE MOUNTAIN COMMUNITY.THE CORPORATION EXISTS TO BUILD A STRONGER AND MORE BROADLY-BASED ECONOMY AND TAX BASE; TO ADVISE AND ASSIST EXISTING LOCAL BUSINESSES TO REACH THEIR FULL ECONOMIC POTENTIAL; AND TO ATTRACT NEW BUSINESSES THAT CREATE PRIMARY JOBS AND NEW EMPLOYMENT OPPORTUNITIES.THE CORPORATION SHALL USE AND PROMOTE THE TOOLS OF ECONOMIC DEVELOPMENT TO CREATE A MORE DYNAMIC, MULTI-GENERATIONAL COMMUNITY TO THE BENEFIT OF ALL CITIZENS.

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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 $250,698

Program Service Revenue $600

Investment Income $0

Other Revenue $0

TOTAL REVENUE $251,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,291

Fundraising Expenses $470

Program Expenses $300,946

Other Expenses $221,655

TOTAL EXPENSES $301,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,298	$371,353	-0.3%
Expenses	$301,416	$419,694	-0.3%
Net Income	$-50,118	$-48,341	+0.0%

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

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
TRAVIS MACHALEK	Director	1.00	Director	$0	$0	$0
KIRBY HAZELTON	Director	1.00	Director	$0	$0	$0
CHRISTINA KRAFT	Chairman	2.00	Officer	$0	$0	$0
JEFF ALLISON	Secretary	1.00	Officer	$0	$0	$0
KRISTA DAVIS	Treasurer	1.00	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	$251,298	$301,416	$9,048	$-50,118
2022	$371,353	$419,694	$52,897	$-48,341
2021	$359,318	$350,835	$98,352	$8,483
2020	$233,215	$262,601	$89,819	$-29,386

ESTES PARK ECONOMIC DEVELOPMENT CORPORATION