AURORA ECONOMIC DEVELOPMENT COUNCIL INC

EIN: 840776480

AURORA, CO

Total Revenue
$2,627,655
Total Expenses
$2,316,673
Total Assets
$1,744,878
Net Assets
$1,633,803
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
CO
Principal Officer
WENDY MITCHELL
Phone
3037552223
Tax Period
2024-01-01 to 2024-12-31

AURORA ECONOMIC DEVELOPMENT COUNCIL INC, founded in 1976, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.3M left a modest 12% surplus.

Mission

TO CREATE AND/OR RETAIN JOBS IN AURORA, COLORADO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,130,905
Program Service Revenue $496,750
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,627,655

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,352,205
Fundraising Expenses $0
Program Expenses $3,045,055
Other Expenses $964,468
TOTAL EXPENSES $2,316,673

Year-over-Year Comparison

2024 2023 Change
Revenue $2,627,655 $2,595,854 +0.0%
Expenses $2,316,673 $2,505,799 -0.1%
Net Income $310,982 $90,055 +2.5%
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
69
Independent Members
69
Employees
6
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
10
$1,300,483
Total Directors
68
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX SCHATZ DIRECTOR 1.00
Director
$0 $0 $0
ALLEN CROSSWELL DIRECTOR 1.00
Director
$0 $0 $0
ANGELA LAWSON DIRECTOR 1.00
Director
$0 $0 $0
AUSTIN AKERS DIRECTOR 1.00
Director
$0 $0 $0
BARBARA CLELAND HONORARY 1.00
Director
$0 $0 $0
BILL BUTLER DIRECTOR 1.00
Director
$0 $0 $0
BLAKE FULENWIDER DIRECTOR 1.00
Director
$0 $0 $0
BOB ROTH DIRECTOR 1.00
Director
$0 $0 $0
BRAD PIERCE HONORARY 1.00
Director
$0 $0 $0
BRIAN HOLLAND DIRECTOR 1.00
Director
$0 $0 $0
CAROLYNNE WHITE DIRECTOR 1.00
Director
$0 $0 $0
CHAZ TEDESCO HONORARY 1.00
Director
$0 $0 $0
CHRIS FELLOWS DIRECTOR 1.00
Director
$0 $0 $0
CURTIS GARDNER DIRECTOR 1.00
Director
$0 $0 $0
DAN GREEN DIRECTOR 1.00
Director
$0 $0 $0
DANE HILL DIRECTOR 1.00
Director
$0 $0 $0
DANIELLE JURINSKY DIRECTOR 1.00
Director
$0 $0 $0
DEREK SCHOENEBERG DIRECTOR 1.00
Director
$0 $0 $0
FRANOISE BERGAN DIRECTOR 1.00
Director
$0 $0 $0
JASON BATCHELOR DIRECTOR 1.00
Director
$0 $0 $0
JASON KLEINHELTER DIRECTOR 1.00
Director
$0 $0 $0
JOE MCCLEARY DIRECTOR 1.00
Director
$0 $0 $0
JON LEHMANN DIRECTOR 1.00
Director
$0 $0 $0
KASIA IWANICZKO MACLEOD DIRECTOR 1.00
Director
$0 $0 $0
KEN PUNCERELLI DIRECTOR 1.00
Director
$0 $0 $0
LACI KNOWLES DIRECTOR 1.00
Director
$0 $0 $0
LEAH RAMSEY DIRECTOR 1.00
Director
$0 $0 $0
MARC COOPER DIRECTOR 1.00
Director
$0 $0 $0
MARSHA BERZINS HONORARY 1.00
Director
$0 $0 $0
MATTHEW KEENEY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GILES DIRECTOR 1.00
Director
$0 $0 $0
MIKE MCGINNIS DIRECTOR 1.00
Director
$0 $0 $0
MIKE MARTIN DIRECTOR 1.00
Director
$0 $0 $0
MIKE PIETSCHMANN DIRECTOR 1.00
Director
$0 $0 $0
MORDECAI BROWNLEE DIRECTOR 1.00
Director
$0 $0 $0
NAOMI COLWELL DIRECTOR 1.00
Director
$0 $0 $0
PAUL HYDE DIRECTOR 1.00
Director
$0 $0 $0
RANDY HERTEL DIRECTOR 1.00
Director
$0 $0 $0
SAM BAILEY DIRECTOR 1.00
Director
$0 $0 $0
SCOTT RAUSCH DIRECTOR 1.00
Director
$0 $0 $0
SHAUN EGAN DIRECTOR 1.00
Director
$0 $0 $0
SHAWN MCGOFF DIRECTOR 1.00
Director
$0 $0 $0
SHELBY NOBLE DIRECTOR 1.00
Director
$0 $0 $0
STEVE SUNDBERG DIRECTOR 1.00
Director
$0 $0 $0
STEVE COFFIN DIRECTOR 1.00
Director
$0 $0 $0
STEVEN MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
TIFFANIE STASIAK DIRECTOR 1.00
Director
$0 $0 $0
TOM KOOIMAN DIRECTOR 1.00
Director
$0 $0 $0
BILL WICHTERMAN PAST CHAIR 1.00
Officer Director
$0 $0 $0
DAVID PATTERSON SECRETARY 1.00
Officer Director
$0 $0 $0
RITA CONNERLY TREASURER 1.00
Officer Director
$0 $0 $0
BRUCE PORTER VICE CHAIR 1.00
Officer Director
$0 $0 $0
BILL HOLEN HONORARY 1.00
Director
$0 $0 $0
BRANDON VALDEZ DIRECTOR 1.00
Director
$0 $0 $0
BRIANA LUNA DIRECTOR 1.00
Director
$0 $0 $0
CHRISTY DOBSON DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY SCHNEIDER DIRECTOR 1.00
Director
$0 $0 $0
DAVID LE DIRECTOR 1.00
Director
$0 $0 $0
GREG TOLER DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER PERRY DIRECTOR 1.00
Director
$0 $0 $0
JILL ZACHMAN DIRECTOR 1.00
Director
$0 $0 $0
JORDAN RICKS DIRECTOR 1.00
Director
$0 $0 $0
KIM COOKE DIRECTOR 1.00
Director
$0 $0 $0
MATT PICKETT DIRECTOR 1.00
Director
$0 $0 $0
RICH COOLIDGE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT BLACKSTOCK DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE HANCOCK DIRECTOR 1.00
Director
$0 $0 $0
TOM GRONOW DIRECTOR 1.00
Director
$0 $0 $0
WENDY MITCHELL PRESIDENT & CEO 40.00
Officer
$538,320 $48,924 $587,244
KATHRYN MIDDLETON HOUSE VICE PRESIDENT 40.00
Officer
$224,027 $33,673 $257,700
YURIY GORLOV VICE PRESIDENT 40.00
Officer
$189,027 $31,459 $220,486
JONATHAN WOODWARD DIRECTOR OF DEVELOPMENT 40.00
Officer
$157,167 $18,872 $176,039
DICK HINSON SENIOR VICE PRESIDENT 8.00
Officer
$48,000 $11,014 $59,014
HOLLIE VELASQUEZ HORVATH CHAIR-ELECT 1.00
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 $2,627,655 $2,316,673 $1,744,878 $310,982
2023 $2,595,854 $2,505,799 $1,482,594 $90,055
2022 $2,573,084 $2,388,077 $1,418,768 $185,007
2021 $2,876,706 $2,426,208 $1,245,291 $450,498
2020 $1,857,920 $1,774,493 $1,223,950 $83,427
2019 $2,564,721 $2,525,723 $637,088 $38,998
2018 $1,666,516 $1,662,565 $1,094,323 $3,951
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