CASTLE ROCK ECONOMIC DEVELOPMENT COUNCIL

EIN: 841445735 Community Improvement

CASTLE ROCK, CO

Total Revenue
$675,707
Total Expenses
$687,632
Total Assets
$373,036
Net Assets
$173,135
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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
1997
Legal Domicile
CO
Principal Officer
FRANK GRAY
Phone
3036887488
Tax Period
2023-01-01 to 2023-12-31

CASTLE ROCK ECONOMIC DEVELOPMENT COUNCIL, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $676K in total revenue in fiscal year 2023.

Mission

ECONOMIC DEVELOPMENT AND INFORMATION FOR THE CASTLE ROCK BUSINESS COMMUNITY.

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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 $612,590
Program Service Revenue $60,844
Investment Income $2,273
Other Revenue $0
TOTAL REVENUE $675,707

Expense Breakdown

Grants Paid $1,102
Salaries & Benefits $504,811
Fundraising Expenses $0
Other Expenses $181,719
TOTAL EXPENSES $687,632

Year-over-Year Comparison

2023 2022 Change
Revenue $675,707 $641,490 +0.1%
Expenses $687,632 $638,421 +0.1%
Net Income $-11,925 $3,069 -4.9%
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
76
Independent Members
76
Employees
4
Volunteers
83

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
1
$258,211
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEE ATTACHED LIST DIRECTORS 0.25
Director
$0 $0 $0
FRANK GRAY PRESIDENT & 55.00
Officer
$207,066 $51,145 $258,211
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 $675,707 $687,632 $373,036 $-11,925
2022 $641,490 $638,421 $443,208 $3,069
2021 $539,806 $560,343 $482,971 $-20,537
2020 $581,447 $560,809 $570,964 $20,638
2019 $561,567 $553,645 $378,823 $7,922
2018 $577,040 $570,166 $301,565 $6,874
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