REGION 9 ECONOMIC DEVELOPMENT DISTRICT OF SW COLORADO INC (EIN 841125631) - 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

1989

Legal Domicile

Principal Officer

LAURA LEWIS MARCHINO

Phone

9702479621

Tax Period

2023-10-01 to 2024-09-30

REGION 9 ECONOMIC DEVELOPMENT DISTRICT OF SW COLORADO INC, founded in 1989, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $3.0M left a modest 8% surplus.

Mission

TO IMPROVE ECONOMIC CONDITIONS IN SOUTHWEST COLORADO THROUGH ADMINISTRATION OF PROGRAMS AND DEVELOPMENT GRANTS.

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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 $1,834,517

Program Service Revenue $1,382,299

Investment Income $49,571

Other Revenue $17,982

TOTAL REVENUE $3,284,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,200,796

Fundraising Expenses $0

Program Expenses $3,015,917

Other Expenses $1,815,121

TOTAL EXPENSES $3,015,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,284,369	$3,547,087	-0.1%
Expenses	$3,015,917	$2,120,947	+0.4%
Net Income	$268,452	$1,426,140	-0.8%

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

$131,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM TOOKEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARY JO COULEHAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAN FERNANDEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
COLLEEN O'BRIEN	TREASURER	1.00	Officer Director	$0	$0	$0
CLYDE CHURCH	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
ALEX LANIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CASSIE ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAUNCEY MCCARTHY	BOARD MEMBER	1.00	Director	$0	$0	$0
COLTON BLACK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA KAASCH-BUERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE BRYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM CANDELARIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN OSBORN	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT LINDSAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
NATE PEACH	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVIER BOSMANS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT WHITSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN GREGORY	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON ARMSTRONG	BOARD MEMBER	1.00	Director	$0	$0	$0
KAT KATSOS	BOARD MEMBER	1.00	Director	$0	$0	$0
LEIGH REEVES	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA YELLOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK MANNING	BOARD MEMBER	1.00	Director	$0	$0	$0
TOMMY CROSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA LEWIS MARCHINO	EXECUTIVE DIRECTOR	40.00	Officer	$116,501	$15,361	$131,862

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	$3,284,369	$3,015,917	$16,189,667	$268,452
2023	$3,547,087	$2,120,947	$14,456,568	$1,426,140
2022	$4,629,224	$1,456,832	$13,418,748	$3,172,392
2021	$2,993,754	$1,229,127	$9,348,510	$1,764,627
2020	$1,636,006	$1,476,439	$7,948,312	$159,567
2019	$1,450,761	$1,254,348	$7,213,053	$196,413
2018	$1,382,160	$976,965	$7,367,857	$405,195

REGION 9 ECONOMIC DEVELOPMENT DISTRICT OF SW COLORADO INC