SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC (EIN 841096907) - 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

1988

Legal Domicile

Principal Officer

STEPHANIE GONZALES

Phone

7193363850

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

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.

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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 $967,805

Program Service Revenue $230,614

Investment Income $22,623

Other Revenue $1,751,053

TOTAL REVENUE $2,972,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,480

Fundraising Expenses $0

Program Expenses $1,171,341

Other Expenses $647,861

TOTAL EXPENSES $1,171,341

Year-over-Year Comparison

	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%

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

Key Employees

Highest Compensated

reported

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

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	$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

SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC