COMMUNITY OFFICE FOR RESOURCE EFFI… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

KATIE SCHWOERER

Phone

9709259775

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY OFFICE FOR RESOURCE EFFICIENCY, founded in 1994, is a community nonprofit in the Environment sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

CORE HAS BEEN HELPING THE ROARING FORK VALLEY SAVE ENERGY AND CUT CARBON EMISSIONS SINCE 1994. THE ORGANIZATION PROMOTES THE FOLLOWING "CORE" VALUES: CLEAN AIR, STABLE CLIMATE, A STRONG ECONOMY, HEALTHY COMMUNITIES, AND SUSTAINABLE ENERGY. QUANTIFIABLE DATA MEASURES ENERGY SAVINGS IN MMBTUS, CO2 REDUCTION IN METRIC TONS AND THE ECONOMIC IMPACT OF FUNDING PROJECT COSTS.

Program Service Accomplishments

Program 1

Expenses: $1,529,804 Revenue: $302,500

GRANT PROGRAM MANAGEMENT: FUNDED FROM THE ASPEN/PITKIN COUNTY RENEWABLE ENERGY MITIGATION PROGRAM (REMP). GRANT PROGRAMS INCLUDE UDALL NEW INITIATIVE, DESIGN ASSISTANCE, COMMUNITY, AND NET ZERO HOME GRANTS. CORE HAS FUNDED PROJECTS FOR MUNICIPAL BUILDINGS, EMPLOYEE HOUSING, SCHOOLS, RESIDENTIAL PROPERTIES AND COMMERCIAL ENTITIES. PROJECTS INCLUDE SOLAR PV SYSTEMS, LIGHTING RETROFITS, AIR SEALING AND INSULATION, AND OBTAINING LEED CERTIFICATION.

Program 2

Expenses: $514,564 Revenue: $17,900

ENERGY SMART PROGRAM MANAGEMENT: PROVIDES LOW-COST HOME ENERGY ASSESSMENTS. OFFERS RESIDENTIAL AND COMMERCIAL REBATES FOR ENERGY-EFFICIENCY UPGRADES AND RENEWABLE ENERGY PROJECTS IN THE ROARING FORK VALLEY. CORE ADMINISTERS REBATES FOR THE CITY OF ASPEN AND CONNECTS CLIENTS TO REBATES FROM THEIR UTILITY COMPANIES.

Program 3

Expenses: $555,785

COAL BASIN PROJECT: TO GAIN AN UNDERSTANDING OF METHANE EMISSIONS ESCAPING FROM MINES AND EXPLORE EFFECTIVE SOLUTIONS TO TACKLE THE CHALLENGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,599,516

Program Service Revenue $320,400

Investment Income $224,214

Other Revenue $0

TOTAL REVENUE $3,144,130

Expense Breakdown

Grants Paid $456,896

Salaries & Benefits $798,717

Fundraising Expenses $252,975

Program Expenses $2,600,153

Other Expenses $2,061,470

TOTAL EXPENSES $3,382,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,144,130	$2,497,992	+0.3%
Expenses	$3,382,399	$2,589,820	+0.3%
Net Income	$-238,269	$-91,828	+1.6%

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

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

$144,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE SCHWOERER	CHAIR	1.50	Officer Director	$0	$0	$0
TESSA SCHREINER	VICE CHAIR	1.50	Officer Director	$0	$0	$0
DAVID MUNK	SECRETARY	1.50	Officer Director	$0	$0	$0
BOB SIRKUS	TREASURER	1.50	Officer Director	$0	$0	$0
ELYSE HOTTEL	TRUSTEE	1.50	Director	$0	$0	$0
GREG POSCHMAN	TRUSTEE	1.50	Director	$0	$0	$0
MATT SCHERR	TRUSTEE	1.50	Director	$0	$0	$0
SAM ROSE	ALTERNATE TRUSTEE	1.50	Director	$0	$0	$0
BILL STIRLING	TRUSTEE	1.50	Director	$0	$0	$0
TOM FRIDSTEIN	TRUSTEE	1.50	Director	$0	$0	$0
BRITTA GUSTAFSON	ALTERNATE TRUSTEE	1.50	Director	$0	$0	$0
CHRIS BILBY	TRUSTEE	1.50	Director	$0	$0	$0
JOHN DOYLE	TRUSTEE	1.50	Director	$0	$0	$0
JOHN DOUGHERTY	EXECUTIVE DIRECTOR	40.00	Officer	$144,000	$0	$144,000

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	$3,144,130	$3,382,399	$5,076,958	$-238,269
2023	$2,497,992	$2,589,820	$5,321,150	$-91,828
2022	$2,171,344	$2,436,762	$5,402,982	$-265,418
2021	$2,122,101	$1,922,351	$5,269,827	$199,750
2020	$1,912,664	$2,557,002	$5,054,146	$-644,338
2019	$2,874,896	$2,015,915	$5,437,491	$858,981
2018	$2,897,538	$2,207,327	$4,782,553	$690,211
2018	$2,897,538	$2,207,327	$4,782,553	$690,211

COMMUNITY OFFICE FOR RESOURCE EFFICIENCY