WESTERN COLORADO BUSINESS DEVELOPMENT CORPORATION (EIN 841054192) - 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

1986

Legal Domicile

Principal Officer

KIMBERLY CLEMMER

Phone

9702435242

Tax Period

2024-01-01 to 2024-12-31

WESTERN COLORADO BUSINESS DEVELOPMENT CORPORATION, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $711K, a strong 29% operating margin.

Mission

PROVIDING NEW SMALL BUSINESS START-UP ASSISTANCE, BUSINESS ASSISTANCE, CONSULTATION, AND AFFORDABLE ADMINISTRATIVE EXPENSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,105,431

Program Service Revenue $1,230,276

Investment Income $155,385

Other Revenue $-620

TOTAL REVENUE $2,490,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $911,667

Fundraising Expenses $0

Program Expenses $1,604,911

Other Expenses $868,165

TOTAL EXPENSES $1,779,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,490,472	$1,810,249	+0.4%
Expenses	$1,779,832	$1,549,729	+0.1%
Net Income	$710,640	$260,520	+1.7%

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

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

$180,735

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATE WALLACE	PAST CHAIR	2.00	Officer Director	$0	$0	$0
KATHY HALL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KIMBERLY CLEMMER	CHAIR	2.00	Officer Director	$0	$0	$0
PHILL RAIMER	SECRETARY	2.00	Officer Director	$0	$0	$0
KILEIGH SPERBER	TREASURER	2.00	Officer Director	$0	$0	$0
LINDA SPENCER	BOARD MEMBER	2.00	Director	$0	$0	$0
KONRAD KRAULAND	BOARD MEMBER	2.00	Director	$0	$0	$0
KYLE SERRANO	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE BURTARD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW GOLIKE	BOARD MEMBER	2.00	Director	$0	$0	$0
CHELSIE MIERA	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL SANTO	BOARD MEMBER	2.00	Director	$0	$0	$0
SONIA GUTIERREZ	BOARD MEMBER	2.00	Director	$0	$0	$0
KATIE MUNRO POWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
DALIDA BOLLIG	EXECUTIVE DI	40.00	Officer	$180,735	$0	$180,735

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	$2,490,472	$1,779,832	$8,937,276	$710,640
2023	$1,810,249	$1,549,729	$8,195,084	$260,520
2022	$2,298,721	$1,413,450	$7,982,323	$885,271
2021	$2,689,196	$1,882,943	$7,096,798	$806,253
2020	$2,460,987	$2,209,080	$6,195,682	$251,907
2019	$1,659,493	$1,369,866	$5,944,392	$289,627
2018	$1,751,798	$1,494,815	$5,655,109	$256,983

WESTERN COLORADO BUSINESS DEVELOPMENT CORPORATION