Pikes Peak Regional Development

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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

1975

Legal Domicile

Principal Officer

Douglas Adams

Phone

7194712044

Tax Period

2024-10-01 to 2025-09-30

Pikes Peak Regional Development, founded in 1975, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $304K, a strong 22% operating margin.

Mission

To enhance economic opportunity for all citizens of Teller county, and throughout the state of Colorado by providing financial assistance; to create and maintain jobs; to promote the start-up, survival, and growth of businesses; to assist in redevelopment; and to diversify and strengthen the state and county's economic base within the limits of the resources available to the Organization.

Program Service Accomplishments

Program 1

Expenses: $1,033,093 Revenue: $1,390,654

Provide financial assistance to small businesses in order to promote local job creation and redevelopment strategies throughout our service area by utilizing the SBA 504 loan program and private...

Provide financial assistance to small businesses in order to promote local job creation and redevelopment strategies throughout our service area by utilizing the SBA 504 loan program and private revolving loan funds.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,372,582

Investment Income $-280

Other Revenue $18,352

TOTAL REVENUE $1,390,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $805,752

Fundraising Expenses $0

Program Expenses $1,033,093

Other Expenses $280,920

TOTAL EXPENSES $1,086,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,390,654	$1,311,067	+0.1%
Expenses	$1,086,672	$1,134,685	0.0%
Net Income	$303,982	$176,382	+0.7%

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

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

$307,805

Total Directors

$14,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Parker	Director	0.50	Director	$1,900	$0	$1,900
Jack Hood	Director	0.50	Director	$1,800	$0	$1,800
William Hazelton	Director	0.50	Director	$1,300	$0	$1,300
Frank O Barber	Director	0.50	Director	$2,000	$0	$2,000
Don Bates	Director	0.50	Director	$1,900	$0	$1,900
Daniel Grosdidier	Director	0.50	Director	$0	$0	$0
James P Oaks	Director	0.50	Director	$1,600	$0	$1,600
Kathryn A Wallace	Vice President	0.50	Officer Director	$1,800	$0	$1,800
Bill Berenz	President	0.50	Officer Director	$1,800	$0	$1,800
David Porter	Director	0.50	Director	$0	$0	$0
Linda Buckley	Treasurer	0.50	Officer	$2,200	$0	$2,200
Mason R Porter	Secretary	0.50	Officer	$1,900	$0	$1,900
Douglas Adams	Executive Director	40.00	Officer	$267,463	$32,642	$300,105

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
2025	$1,390,654	$1,086,672	$6,540,767	$303,982
2024	$1,311,067	$1,134,685	$6,241,026	$176,382
2023	$1,278,286	$1,049,595	$6,076,808	$228,691
2022	$1,192,706	$930,422	$5,829,348	$262,284
2021	$1,200,027	$862,897	$5,593,376	$337,130
2020	$1,132,453	$873,481	$6,043,795	$258,972
2019	$1,091,815	$836,599	$5,818,346	$255,216