DURANGO ADULT EDUCATION CENTER

EIN: 841118878 501(c)(3) Education

DURANGO, CO

Total Revenue
$905,868
Total Expenses
$971,384
Total Assets
$1,928,112
Net Assets
$1,694,718
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CO
Phone
9703854354
Tax Period
2024-01-01 to 2024-12-31

DURANGO ADULT EDUCATION CENTER, founded in 1990, is a small nonprofit in the Education sector that reported $906K in total revenue in fiscal year 2024.

Mission

THE MISSION OF DURANGO EDUCATION CENTER, AS A CARING LEARNING COMMUNITY, IS TO FILL EDUCATIONAL GAPS BY PROVIDING THE SKILLS AND KNOWLEDGE NECESSARY FOR LIVABLE WAGE CAREERS, POST-SECONDARY EDUCATION, AND SOCIAL AND ECONOMIC MOBILITY.

Program Service Accomplishments

Program 1
Expenses: $775,906 Revenue: $61,104

DAEC is the only Adult Education Center to serve the five-county region that makes up the Four Corners region of Colorado. DAECs main programs are English as a Second Language (ESL) and High School...

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DAEC is the only Adult Education Center to serve the five-county region that makes up the Four Corners region of Colorado. DAECs main programs are English as a Second Language (ESL) and High School Equivalency programs (GED). Celebrating its 39th anniversary in 2025, DAEC is a highly effective program offering in-person classes to students ages 17+ who, for many reasons, were not able to complete the "expected" path through school or find themselves in a country where they do not have the language or literacy skills to participate fully in social or economic offerings. DAEC staff work to individualize the educational experience, enabling students to overcome critical barriers to self-sufficiency and growth. Without the necessary skills, knowledge, and high school equivalency, students are unable to enter many jobs and cannot participate in most or all training and post-secondary opportunities. In 2024, DAEC served 312 learners, with 218 active learners, and 29 students completed their GED. One hundred nineteen students from 17 countries studied English. DAEC is the GED provider at the LPC Jail, serving 59 additional students there in 2024, with seven graduates in the 2023-2024 school year, and two additional in the 2024-2025 school year. DAEC offers career counseling to all students, past and present, with job readiness and skill-building opportunities. DAEC serves as an official Pearson Vue testing site, allowing many professional proctored exams to be taken in Durango instead of traveling to Denver or Albuquerque, proctoring 393 tests in 2024.

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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 $843,159
Program Service Revenue $61,104
Investment Income $1,605
Other Revenue $0
TOTAL REVENUE $905,868

Expense Breakdown

Grants Paid $77,467
Salaries & Benefits $686,497
Fundraising Expenses $17,860
Program Expenses $775,906
Other Expenses $207,420
TOTAL EXPENSES $971,384

Year-over-Year Comparison

2024 2023 Change
Revenue $905,868 $899,100 +0.0%
Expenses $971,384 $876,582 +0.1%
Net Income $-65,516 $22,518 -3.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
29
Volunteers
26

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
3
$69,787
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN HAKANSON Executive Dir. 40.00
Officer
$69,787 $0 $69,787
KATHLEEN PIERSON Treasurer 1.00
Officer Director
$0 $0 $0
DEAN BROOKIE Director 1.00
Director
$0 $0 $0
MATTHEW GOMEZ BOARD CHAIR 1.50
Officer Director
$0 $0 $0
ALISON WILLIAMS Director 0.50
Director
$0 $0 $0
PATRICK COLEMAN Director 0.50
Director
$0 $0 $0
NATAMBU OBLETON Director 0.50
Director
$0 $0 $0
ROBERT BRICCA Director 0.50
Director
$0 $0 $0
JEAN OLSEN Director 0.50
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
2025 No data No data No data No data
2024 $905,868 $971,384 $1,928,112 $-65,516
2023 $899,100 $876,582 $1,850,045 $22,518
2022 $769,376 $789,287 $1,880,922 $-19,911
2021 $904,516 $750,816 $1,892,674 $153,700
2020 $861,518 $857,687 $1,959,748 $3,831
2019 $902,120 $920,568 $1,871,283 $-18,448
2018 $979,862 $957,845 $1,926,374 $22,017
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