COMMUNITY OUTREACH SERVICE CENTER INC

EIN: 742523777 501(c)(3)

Denver, CO

Total Revenue
$495,426
Total Expenses
$416,915
Total Assets
$370,082
Net Assets
$100,169
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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
1988
Legal Domicile
CO
Phone
3032956180
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY OUTREACH SERVICE CENTER INC, founded in 1988, is a small nonprofit that reported $495K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $79K, a strong 16% operating margin.

Mission

The mission of Community Outreach Service Center (COSC) is to meet the basic needs of the homeless and poor residents of the Denver metropolitan area while increasing their ability to become and remain self-sufficient. The overarching outcome is to reduce the rate of recidivism among African American male ex-offenders in northeast Denver, moving the client from dependency to healthy self-sufficiency. Community Outreach Service Center is people working together for a better community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $424,926
Program Service Revenue $70,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $495,426

Expense Breakdown

Grants Paid $0
Salaries & Benefits $287,738
Fundraising Expenses $0
Program Expenses $366,845
Other Expenses $129,177
TOTAL EXPENSES $416,915

Year-over-Year Comparison

2023 2022 Change
Revenue $495,426 $293,225 +0.7%
Expenses $416,915 $291,196 +0.4%
Net Income $78,511 $2,029 +37.7%
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

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Governance

Voting Members
5
Independent Members
5
Employees
8
Volunteers
53

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
4
$0
Total Directors
1
$0
Key Employees
1
$47,323
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eddie Mae Woolfolk Executive Director 40
Key Emp
$47,323 $0 $47,323
James Jones Board Member 1
Director
$0 $0 $0
Robert Woolfolk Board Chair 1
Officer
$0 $0 $0
Rodney Brown Treasurer 1
Officer
$0 $0 $0
Judy Gyimah Secretary 1
Officer
$0 $0 $0
Alan Johnson Vice President 1
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
2024 No data No data No data No data
2023 $495,426 $416,915 $370,082 $78,511
2022 $293,225 $291,196 $97,947 $2,029
2021 $171,721 $172,970 $116,998 $-1,249
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