LAMAR, CO
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 61% operating margin.
TO PROVIDE ECONOMIC ASSISTANCE TO INDIVIDUALS AND BUSINESSES IN SOUTHEAST COLORADO THAT DO NOT QUALIFY FOR TRADITIONAL FINANCING. LOANS ARE PRIMARLY MADE TO NEW, START-UP BUSINESSES OR BUSINESSES THAT ARE HAVING DIFFICULTY WITH TRADITIONAL FINANCING. LOANS HAVE BEEN MADE TO HOME OWNERS TO IMPROVE THEIR PERSONAL RESIDENCES BY UPGRADING WINDOWS, DOORS, AND HEATING.
BUSINSS ASSISTANCE LOAN FUND--THE REVOLVING LOAN IS DESIGNED TO FILL GAPS IN SMALL BUSINESS FINANCING OPTIONS. THE ALTERNATIVE FINANCING METHOD POSITIVELY IMPACTS THE ECONOMIC HEALTH OF THE...
BUSINSS ASSISTANCE LOAN FUND--THE REVOLVING LOAN IS DESIGNED TO FILL GAPS IN SMALL BUSINESS FINANCING OPTIONS. THE ALTERNATIVE FINANCING METHOD POSITIVELY IMPACTS THE ECONOMIC HEALTH OF THE COMMUNITES WITIN BACA, BENT, CROWLEY, KIOWA, AND PROWERS COUNTIES. SINCE INCEPTION THE PROGRAM HAS CREATED IN EXCESS OF 400 JOBS. THE AVERAGE LOAN IS APPROXIMATELY 60,000.
REVOLVING LOAN FUND-PROVIDES INCENTIVES AND DEVELOPS PROMOTIONAL ACTIVITIES TO MARKET AND ADVERTISE ADVANTAGES OF LOCATING A BUSINESS IN SE COLORADO, CREATE A POSITIVE IDENTITY, ENCOURAGE RETENTION...
REVOLVING LOAN FUND-PROVIDES INCENTIVES AND DEVELOPS PROMOTIONAL ACTIVITIES TO MARKET AND ADVERTISE ADVANTAGES OF LOCATING A BUSINESS IN SE COLORADO, CREATE A POSITIVE IDENTITY, ENCOURAGE RETENTION, AND EXPANSION OF EXISTING BUSINESSES, PROMOTE REDEVELOPMENT AND ATTRACT NEW BUSINESSES. GENERALLY ENHANCE THE ECONOMIC GROWTH OF SOUTHEAST COLORADO. THIS INCLUDES THE COLORADO DIVISION OF HOUSING-SINGLE FAMILY OWNER OCCUPIED REHABILITATION LOAN PROGRAM FOR HOME OWNERS LIVING IN BACA, KIOWA, AND PROWERS COUNTIES TO PROVIDE LOW INTEREST RATE LOANS. THE PROGRAM HAS MADE APPROXIMATELY 315 LOAN TO INDIVIDUALS LIVING IN THE AUTHORIZED AREA SINCE 1995. THE AVERAGE LOAN AMOUNT IS APPROXIMATELY 16,450. THE PROGRAM SERVES LOW TO MODERATE INCOME HOUSEHOLDS WITH LOW FIXED RATE INTEREST AND FAVORABLE REPAYMENT TERMS.
OTHER ADMINISTRATIVE COSTS FOR ENTERPRISE ADMINSTRATIVE PROGRAMS, TRANSPORTATION PLANNING PROGRAMS, AND TECHNICAL ASSISTANCE PROGRAMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,972,095 | $1,702,636 | +0.7% |
| Expenses | $1,171,341 | $2,293,212 | -0.5% |
| Net Income | $1,800,754 | $-590,576 | -4.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BLAINE ARBUTHNOT | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| GLEN AUSMUS | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| JIM BALDWIN | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| DANELLE BERG | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| RICK BUTLER | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| WENDY BUXTON-ANDRADE | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| JIM COLLINS | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| KIRK CRESPIN | SECRETARY R | N/A |
Director
|
$0 | $0 | $0 |
| ROY ELLIOTT | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| SHILOH FREED | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| TOM GRASMICK | CHAIRMAN | N/A |
Director
|
$0 | $0 | $0 |
| MARTY LEE | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| MIKE LENING | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| TERRY MCMILLAN | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| DONALD OSWALD | VICE CHAIRMA | N/A |
Director
|
$0 | $0 | $0 |
| BUTCH ROBERTSON | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| JEAN SYKES | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| STEPHANIE GONZALES | EXECUTIVE DI | N/A |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,972,095 | $1,171,341 | $10,325,557 | $1,800,754 |
| 2022 | $1,702,636 | $2,293,212 | $7,817,182 | $-590,576 |
| 2021 | $901,208 | $854,678 | $8,793,001 | $46,530 |
| 2020 | $1,159,991 | $903,425 | $8,090,803 | $256,566 |
| 2019 | $672,921 | $529,972 | $7,826,736 | $142,949 |
| 2018 | $625,917 | $485,974 | $7,693,213 | $139,943 |
Compare SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC with other nonprofits in Colorado and across the country.