PUEBLO ECONOMIC DEVELOPMENT CORPORATION

EIN: 840857804

Pueblo, CO

Total Revenue
$1,301,681
Total Expenses
$1,221,911
Total Assets
$757,194
Net Assets
$261,671
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CO
Phone
7195442000
Tax Period
2024-01-01 to 2024-12-31

PUEBLO ECONOMIC DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 6% surplus.

Mission

Our mission is to attract, retain, and expand primary jobs for the Pueblo community.

Program Service Accomplishments

Program 1

ASSIST THE CITY OF PUEBLO IN LOCATING NEW PRIMARY JOBS TO PUEBLO, THE FACILITIES FOR WHICH ARE FUNDED BY THE CITY'S 1/2 CENT SALES TAX FUND. RECRUITMENT OF PRIMARY JOBS IS FUNDED BY GRANTS FROM THE...

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ASSIST THE CITY OF PUEBLO IN LOCATING NEW PRIMARY JOBS TO PUEBLO, THE FACILITIES FOR WHICH ARE FUNDED BY THE CITY'S 1/2 CENT SALES TAX FUND. RECRUITMENT OF PRIMARY JOBS IS FUNDED BY GRANTS FROM THE CITY OF PUEBLO, PUEBLO COUNTY, AND BY MEMBERS DUES.

Program 2

PEDCO PROVIDES FACILITIES MANAGEMENT. IT OPERATES AN INCUBATOR FACILITY FUNDED BY A DEPARTMENT OF COMMERCE EDA GRANT TO PROVIDE NEW BUSINESSES WITH TEMPORARY FACILITIES AND SUPPORT SERVICES. PEDCO...

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PEDCO PROVIDES FACILITIES MANAGEMENT. IT OPERATES AN INCUBATOR FACILITY FUNDED BY A DEPARTMENT OF COMMERCE EDA GRANT TO PROVIDE NEW BUSINESSES WITH TEMPORARY FACILITIES AND SUPPORT SERVICES. PEDCO ALSO MANAGES FOR THE CITY OF PUEBLO AND PUEBLO COUNTY VARIOUS BUILDINGS AND LEASES THAT ARE FACILITIES FOR EMPLOYERS MOVING TO PUEBLO THAT HAVE CREATED PRIMARY JOBS. THE FACILITIES ARE TYPICALLY FUNDED FROM THE CITY'S 1/2 CENT SALES TAX FUND WITH OVERSITE BY THE PEDCO FOUNDATION INC., A RELATED ORGANIZATION, OR BY PUEBLO ECONOMIC DEVELOPMENT FOUNDATION, ANOTHER TAX EXEMPT ENTITY. THIS ACTIVITY IS FURTHER SUBSIDIZED FROM MEMBERS DUES REVENUE.

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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 $860,296
Program Service Revenue $400,888
Investment Income $13,106
Other Revenue $27,391
TOTAL REVENUE $1,301,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $627,875
Fundraising Expenses $0
Other Expenses $594,036
TOTAL EXPENSES $1,221,911

Year-over-Year Comparison

2024 2023 Change
Revenue $1,301,681 $1,215,791 +0.1%
Expenses $1,221,911 $1,108,039 +0.1%
Net Income $79,770 $107,752 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
16
Employees
5
Volunteers
17

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
5
$163,836
Total Directors
17
$163,836
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF SHAW President 50.00
Officer Director
$163,836 $0 $163,836
ASHLEY VALDEZ Director 5.00
Officer Director
$0 $0 $0
DOMINIC GALLINA Director 5.00
Officer Director
$0 $0 $0
SCOTT ROB Director 5.00
Officer Director
$0 $0 $0
FLORIAN OPPENRIEDER Director 5.00
Officer Director
$0 $0 $0
MIKE CUPPY Director 5.00
Director
$0 $0 $0
RUSS DRURY Director 5.00
Director
$0 $0 $0
TODD KELLY Director 5.00
Director
$0 $0 $0
GARRISON ORTIZ Director 5.00
Director
$0 $0 $0
ANDREW LANG Director 5.00
Director
$0 $0 $0
ANDREW TRAINOR Director 5.00
Director
$0 $0 $0
HEATHER GRAHAM Director 5.00
Director
$0 $0 $0
CONSTANCE JONES Director 5.00
Director
$0 $0 $0
DENNIS FLORES Director 5.00
Director
$0 $0 $0
VINNIE MATTIVI Director 0.00
Director
$0 $0 $0
DOUG HAYES Director 5.00
Director
$0 $0 $0
SABINA GENESIO Director 5.00
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 $1,301,681 $1,221,911 $757,194 $79,770
2023 $1,215,791 $1,108,039 $704,611 $107,752
2022 $1,002,112 $1,054,025 $543,851 $-51,913
2021 $1,017,918 $1,037,203 $619,858 $-19,285
2020 $1,007,854 $1,015,751 $728,383 $-7,897
2019 $955,309 $934,872 $598,764 $20,437
2018 $892,860 $935,831 $585,143 $-42,971
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