WEST COMMUNITY ECONOMIC DEVELOPMENT CORP

EIN: 841135942 501(c)(3) Community Improvement

DENVER, CO

Total Revenue
$1,786,734
Total Expenses
$1,493,016
Total Assets
$3,865,410
Net Assets
$596,715
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CO
Principal Officer
JOSE G ESPARZA
Phone
3039364302
Tax Period
2023-01-01 to 2023-12-31

WEST COMMUNITY ECONOMIC DEVELOPMENT CORP, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. The organization ran a surplus of $294K, a strong 16% operating margin.

Mission

TO CREATE A DESTINATION THAT PROMOTES AND SUPPORTS ENTERPRENEURS, SMALL BUSINESS, CULTURAL ORGANIZTIONS AND RESIDENTS IN AN AUTHENTIC, ENERGETIC AND COLORFULE ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,095,070
Program Service Revenue $78,807
Investment Income $1,684
Other Revenue $-388,827
TOTAL REVENUE $1,786,734

Expense Breakdown

Grants Paid $41,600
Salaries & Benefits $1,396,535
Fundraising Expenses $90,549
Program Expenses $1,164,293
Other Expenses $54,881
TOTAL EXPENSES $1,493,016

Year-over-Year Comparison

2023 2022 Change
Revenue $1,786,734 $1,733,619 +0.0%
Expenses $1,493,016 $1,593,131 -0.1%
Net Income $293,718 $140,488 +1.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
19
Volunteers
68

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
5
$256,251
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERI BARAJAS PRESIDENT 1.00
Officer Director
$0 $0 $0
AARON ELINOFF FORMER PRESIDENT 1.00
Officer Director
$0 $0 $0
NICOLE MARTINEZ SECRETARY 1.00
Officer Director
$0 $0 $0
ELVIS RUBIO MEMBER AT LARGE 1.00
Director
$0 $0 $0
HIRAM LICEA MEMBER AT LARGE 1.00
Director
$0 $0 $0
NESTOR CASTILLO MEMBER AT LARGE 1.00
Director
$0 $0 $0
JOSE ESPARZA EXECUTIVE DIRECTOR 40.00
Officer
$156,908 $6,175 $163,083
JULIE CASAULT DIR OF OUTREACH & OPERATIONS 40.00
Officer
$88,304 $4,864 $93,168
JORGE M DE LA TORRE DIR OF CULINARY ARTS 40.00
Highest
$125,400 $3,172 $128,572
ELIZABETH A MOSKOW CHIEF STRATEGY OFFICER 40.00
Highest
$102,005 $0 $102,005
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 $1,786,734 $1,493,016 $3,865,410 $293,718
2022 $1,733,619 $1,593,131 $3,309,804 $140,488
2021 $847,271 $1,317,220 $2,372,449 $-469,949
2020 $883,067 $614,119 $2,696,679 $268,948
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