LONGMONT ECONOMIC DEVELOPMENT PARTNERSHIP (EIN 840840120) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

ERIN FOSDICK

Phone

3036510128

Tax Period

2023-01-01 to 2023-12-31

LONGMONT ECONOMIC DEVELOPMENT PARTNERSHIP, founded in 1981, is a small nonprofit that reported $726K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $655K left a modest 10% surplus.

Mission

PROVIDING INFORMATION AND SERVICES TO EXISTING AND PROSPECTIVE BUSINESSES AND INDUSTRIES; STIMULATING BUSINESS ECONOMIC DEVELOPMENT, WHICH WILL BE OF BENEFIT TO THE CITIZENS, BUSINESSES AND CITY OF LONGMONT, 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $709,361

Program Service Revenue $-2,521

Investment Income $953

Other Revenue $18,096

TOTAL REVENUE $725,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,297

Fundraising Expenses $32,458

Program Expenses $472,768

Other Expenses $335,822

TOTAL EXPENSES $655,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$725,889	$771,668	-0.1%
Expenses	$655,119	$809,008	-0.2%
Net Income	$70,770	$-37,340	-2.9%

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

$161,784

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY WELCH	BOARD MEMBER	4.00	Director	$0	$0	$0
CAMERON GRANT	CHAIRMAN	4.00	Officer Director	$0	$0	$0
DAN GUST	BOARD MEMBER	4.00	Director	$0	$0	$0
ERIC WALLACE	PAST CHAIRMAN	4.00	Officer Director	$0	$0	$0
HAROLD DOMINGUEZ	CITY APPOINTED BOARD MEMBE	4.00	Director	$0	$0	$0
JOAN PECK	CITY APPOINTED BOARD MEMBE	4.00	Director	$0	$0	$0
JOHN CREIGHTON	TREASURER	4.00	Officer Director	$0	$0	$0
KRISTA COLEHOWER	ADMINISTRATIVE ASSISTANT	24.00	Director	$65,049	$0	$65,049
TIM WATERS	CITY APPOINTED BOARD MEMBE	4.00	Director	$0	$0	$0
RYAN ROHMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
JACK BESTALL	SECRETARY	4.00	Officer Director	$0	$0	$0
VALERIE DODD	CITY APPOINTED BOARD MEMBE	4.00	Director	$0	$0	$0
MICHAEL MERCIER	BOARD MEMBER	4.00	Director	$0	$0	$0
PAM HORA	BOARD MEMBER	4.00	Director	$0	$0	$0
STEVE LANE	BOARD MEMBER	4.00	Director	$0	$0	$0
DON HADDAD	BOARD MEMBER	4.00	Director	$0	$0	$0
DARRIN ANSON	BOARD MEMBER	4.00	Director	$0	$0	$0
PHILLIP INZERILLO	COMMUNITY & INVESTOR RELATIONS	40.00	Director	$70,086	$0	$70,086
STEPHANIE PITTS-NOGGLE	ECONOMIC DEVELOPMENT	40.00	Director	$26,649	$0	$26,649

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	$725,889	$655,119	$240,715	$70,770
2022	$771,668	$809,008	$180,730	$-37,340
2019	$703,411	$710,849	$188,634	$-7,438
2018	$644,298	$702,661	$98,764	$-58,363

LONGMONT ECONOMIC DEVELOPMENT PARTNERSHIP