CLEAR CREEK ECONOMIC DEVELOPMENT C… - 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

1990

Legal Domicile

Principal Officer

LINDSEY VALDEZ

Phone

3035692133

Tax Period

2023-01-01 to 2023-12-31

CLEAR CREEK ECONOMIC DEVELOPMENT CORPORATION INC, founded in 1990, is a small nonprofit that reported $170K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $216K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE ECONOMIC DEVELOPMENT SERVICES TO CLEAR CREEK COUNTY AND ITS MUNICIPALITIES. IN ADDITION, THE CCEDC ADMINISTERS A BUSINESS LOAN FUND PROGRAM IN CLEAR CREEK AND GILPIN COUNTIES (REGION 3).

Program Service Accomplishments

Program 1

CCEDC ADMINISTERS A BUSINESS LOAN FUND, LAND AND DEVELOPMENT BANK, AND OTHER SPECIAL PROJECTS AND PROGRAMMING THAT PROMOTE ECONOMIC VITALITY IN CLEAR CREEK COUNTY. THE ORGANIZATION HAS AN AGREEMENT WITH CLEAR CREEK COUNTY FOR THE ADMINISTRATION OF THE STATE OF COLORADO OFFICE OF ECONOMIC DEVELOPMENT AND INTERNATIONAL TRADE (OEDIT) REGION 3 COMMUNITY DEVELOPMENT BLOCK GRANT BUSINESS LOAN FUND PROGRAM. REGION 3 IS MADE UP OF CLEAR CREEK AND GILPIN COUNTIES.

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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 $22,100

Program Service Revenue $134,073

Investment Income $13,334

Other Revenue $0

TOTAL REVENUE $169,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,705

Fundraising Expenses $5,976

Other Expenses $121,484

TOTAL EXPENSES $216,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,507	$285,121	-0.4%
Expenses	$216,189	$152,678	+0.4%
Net Income	$-46,682	$132,443	-1.4%

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSEY VALDEZ	CEO	40.00	Officer	$85,000	$0	$85,000
DAN EBERT	CHAIR	1.00	Officer Director	$0	$0	$0
KELLY FLENNIKEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM EPSTEIN	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN BOSSHARDT	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK HARMON	DIRECTOR	1.00	Director	$0	$0	$0
RAY REARS	DIRECTOR	1.00	Director	$0	$0	$0
LALITHA CHRISTIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
WENDY KOCH	DIRECTOR	1.00	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	$169,507	$216,189	$2,382,339	$-46,682
2022	$285,121	$152,678	$2,444,803	$132,443
2021	$566,074	$466,828	$2,140,544	$99,246
2020	$554,161	$215,669	$2,038,889	$338,492
2019	$128,863	$153,151	$1,688,878	$-24,288
2018	$298,614	$175,089	$695,148	$123,525

CLEAR CREEK ECONOMIC DEVELOPMENT CORPORATION INC