REGION 10 LEAGUE FOR ECONOMIC ASSISTANCE AND PLANNING INC

EIN: 840631483 501(c)(3) Community Improvement

MONTROSE, CO

Total Revenue
$4,484,381
Total Expenses
$5,082,435
Total Assets
$16,255,337
Net Assets
$13,975,657
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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
Principal Officer
MICHELLE HAYNES
Phone
9702492436
Tax Period
2021-07-01 to 2022-06-30

REGION 10 LEAGUE FOR ECONOMIC ASSISTANCE AND PLANNING INC, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $4.5M in total revenue in fiscal year 2021. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $5.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDES PROGRAM AND SERVICES THAT MEET THE NEEDS OF THE PEOPLE IN THE REGION, ARE COST-EFFECTIVE, REDUCE THE BURDEN OF LOCAL GOVERNMENTS, AND LEVERAGE AVAILABLE RESOURCES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $4,114,347
Program Service Revenue $369,914
Investment Income $120
Other Revenue $0
TOTAL REVENUE $4,484,381

Expense Breakdown

Grants Paid $2,145,565
Salaries & Benefits $1,301,218
Fundraising Expenses $0
Program Expenses $4,929,506
Other Expenses $1,635,652
TOTAL EXPENSES $5,082,435

Year-over-Year Comparison

2021 2020 Change
Revenue $4,484,381 $8,034,942 -0.4%
Expenses $5,082,435 $6,561,268 -0.2%
Net Income $-598,054 $1,473,674 -1.4%
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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Governance

Voting Members
28
Independent Members
28
Employees
19
Volunteers
281

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
1
$125,054
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE HAYNES EXECUTIVE DI 40.00
Officer
$100,668 $24,386 $125,054
ROLAND MASON CHAIR 1.00
Director
$0 $0 $0
KRIS HOLSTROM VICE CHAIR 1.00
Director
$0 $0 $0
JON WASCHBUSCH TREASURER 1.00
Director
$0 $0 $0
ROGER RASH PAST CHAIR 1.00
Director
$0 $0 $0
BEN TISDEL MEMBER 1.00
Director
$0 $0 $0
ELYSE ACKERMAN-CASSELBERRY MEMBER 1.00
Director
$0 $0 $0
MICHAEL BACANI MEMBER 1.00
Director
$0 $0 $0
MARY BACHARAN MEMBER 1.00
Director
$0 $0 $0
MIKE BORDOGNA MEMBER 1.00
Director
$0 $0 $0
BARBARA BYNUM MEMBER 1.00
Director
$0 $0 $0
JOHN CLARK MEMBER 1.00
Director
$0 $0 $0
HAROLD COWELS MEMBER 1.00
Director
$0 $0 $0
GREG DAVIDSON MEMBER 1.00
Director
$0 $0 $0
ZOE DOHNAL MEMBER 1.00
Director
$0 $0 $0
JIM GELWICKS MEMBER 1.00
Director
$0 $0 $0
JACK GILBRIDE MEMBER 1.00
Director
$0 $0 $0
PATTI GRAFFMEYER MEMBER 1.00
Director
$0 $0 $0
MARY HOCKENBERRY MEMBER 1.00
Director
$0 $0 $0
MELISSA LAMPSHIRE MEMBER 1.00
Director
$0 $0 $0
DAN MARSHALL MEMBER 1.00
Director
$0 $0 $0
LES MERGELMAN MEMBER 1.00
Director
$0 $0 $0
PATTI MICHAEL MEMBER 1.00
Director
$0 $0 $0
GREG NELSON MEMBER 1.00
Director
$0 $0 $0
LINDA RIBA MEMBER 1.00
Director
$0 $0 $0
DAVE ROBERTS MEMBER 1.00
Director
$0 $0 $0
VINCENT ROGALSKI MEMBER 1.00
Director
$0 $0 $0
JIM SCHMIDT MEMBER 1.00
Director
$0 $0 $0
DON SUPPES MEMBER 1.00
Director
$0 $0 $0
DELANIE YOUNG 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
2022 $4,484,381 $5,082,435 $16,255,337 $-598,054
2021 $8,034,942 $6,561,268 $16,331,779 $1,473,674
2020 $4,710,384 $3,581,430 $14,992,537 $1,128,954
2019 $4,109,309 $3,246,786 $13,249,377 $862,523
2018 $8,587,377 $2,552,005 $13,382,610 $6,035,372
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