COMMUNITY ECONOMIC DEVELOPMENT CO … - Form 990 Financial Data

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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

1978

Legal Domicile

Phone

3038938989

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY ECONOMIC DEVELOPMENT CO OF CO CEDCO, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $282K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $270K left a modest 4% surplus.

Mission

FACILITATE ECONOMIC DEVELOPMENT THROUGH SMALL BUSINESS ADMINISTRATION 504 LOAN PROGRAM

Program Service Accomplishments

Program 1

Expenses: $251,516

PROMOTE ECONOMIC DEVELOPMENT BY EDUCATING AVAILABILITY OF SBA 504 LOAN PROGRAM, ACCUMULATION OF DATA TO ASSIST LOAN APPLICANTS, CLOSE LOANS AND SERVICE APPROVED AND EXISTING LOANS.

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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 $0

Program Service Revenue $278,878

Investment Income $2,843

Other Revenue $0

TOTAL REVENUE $281,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,435

Fundraising Expenses $0

Program Expenses $251,516

Other Expenses $142,641

TOTAL EXPENSES $270,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,721	$181,441	+0.6%
Expenses	$270,076	$185,693	+0.5%
Net Income	$11,645	$-4,252	-3.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL BACON	Board Member	0.00	Director	$0	$0	$0
SHERRY CULLINS	President	40.00	Officer Director	$0	$0	$0
CHUCK MUELLER	BOARD MEMBER	0.00	Director	$0	$0	$0
NANCY SHEA	BOARD MEMBER	0.00	Director	$0	$0	$0
SALLY DIGNAN	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL DOWLING	BOARD MEMBER	0.00	Director	$0	$0	$0
TERESA PIROQUE	BOARD MEMBER	0.00	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	$281,721	$270,076	$39,214	$11,645
2021	$238,679	$324,954	$44,442	$-86,275
2020	$265,835	$349,313	$138,960	$-83,478
2019	$432,398	$359,489	$232,707	$72,909
2018	$344,909	$349,730	$150,813	$-4,821

COMMUNITY ECONOMIC DEVELOPMENT CO OF CO CEDCO