Lake City Downtown Improvement & Revitalization Team Inc

EIN: 550880077 501(c)(3) Community Improvement

Lake City, CO

Total Revenue
$158,936
Total Expenses
$80,748
Total Assets
$134,699
Net Assets
$132,028
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CO
Principal Officer
Kristine Borchers
Phone
9709443478
Tax Period
2022-01-01 to 2022-12-31

Lake City Downtown Improvement & Revitalization Team Inc, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $159K in total revenue in fiscal year 2022. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 49% operating margin.

Mission

Cultivate strong local businesses by broadening economic space and enhancing community development.

Program Service Accomplishments

Program 1
Expenses: $20,306

Hosted Business Owner Trainings and Startup Incentives

Program 2
Expenses: $9,179

Created the Hub making office services and internet access available to the public

Program 3
Expenses: $6,454

Provide 88 Hanging Flower Baskets and 14 Flower Barrels for Revitalization of Downtown

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $85,035
Program Service Revenue $0
Investment Income $112
Other Revenue $73,789
TOTAL REVENUE $158,936

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,743
Fundraising Expenses $659
Program Expenses $35,939
Other Expenses $48,005
TOTAL EXPENSES $80,748

Year-over-Year Comparison

2022 2021 Change
Revenue $158,936 $68,674 +1.3%
Expenses $80,748 $56,179 +0.4%
Net Income $78,188 $12,495 +5.3%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
3
$0
Total Directors
11
$28,000
Key Employees
1
$28,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kristine Borchers Executive Director 020.00
Director Key Emp Highest
$28,000 $0 $28,000
Elaine Gray President 001.00
Officer Director
$0 $0 $0
Sandy Murphy Vice President 001.00
Officer Director
$0 $0 $0
Greg Collins Secretary 001.00
Officer Director
$0 $0 $0
Ruthannna Hall Director 001.00
Director
$0 $0 $0
Ben Hake Director 001.00
Director
$0 $0 $0
Danielle Worthen Director 001.00
Director
$0 $0 $0
Kate Hopson Director 001.00
Director
$0 $0 $0
Diane Bruce Director 001.00
Director
$0 $0 $0
Lydia McNeese Director 001.00
Director
$0 $0 $0
Doug Hamel Director 001.00
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 $158,936 $80,748 $134,699 $78,188
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