COMEA INC (EIN 742269474) - 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

1983

Legal Domicile

Principal Officer

Robin Bocanegra

Phone

3076323174

Tax Period

2023-01-01 to 2023-12-31

COMEA INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 8% surplus.

Mission

Provided emergency shelter & assistance to approximately 3000 transients in and around Cheyenne,WY. Other services included gas & bus tickets for transportaion.

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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 $955,548

Program Service Revenue $76,500

Investment Income $8,945

Other Revenue $162,989

TOTAL REVENUE $1,203,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,427

Fundraising Expenses $0

Program Expenses $1,104,066

Other Expenses $434,639

TOTAL EXPENSES $1,104,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,203,982	$2,626,853	-0.5%
Expenses	$1,104,066	$1,116,176	0.0%
Net Income	$99,916	$1,510,677	-0.9%

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

$82,263

Total Directors

$82,263

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDI VOITSBERGER	CHAIR	1.00	Officer Director	$0	$0	$0
KATHLEEN JACOBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNIE GROGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN FETSCO	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN KOZAK	BOARD MEMBER	1.00	Director	$0	$0	$0
TEENA GERING	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID METCALF	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBIN BOCANEGRA	EXECUTIVE DIRECTOR	40.00	Officer Director	$82,263	$0	$82,263
NEAL WEBER	TREASURER	1.00	Officer Director	$0	$0	$0
BRITTANY WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KARI FARLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSE SALDANA	BOARD MEMBER	1.00	Director	$0	$0	$0
MORGAN ALKIRE	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$1,203,982	$1,104,066	$3,744,590	$99,916
2022	$2,626,853	$1,116,176	$3,952,957	$1,510,677
2021	$1,481,096	$1,197,608	$2,290,587	$283,488
2020	$1,387,918	$939,720	$2,151,666	$448,198
2019	$574,988	$594,242	$1,305,579	$-19,254
2018	$600,913	$617,920	$1,343,565	$-17,007

COMEA INC