ELK VALLEY PUBLIC IMPROVEMENT CORPORATION (EIN 841581685) - 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

2001

Legal Domicile

Principal Officer

JOHN M MULLINS

Phone

7208498661

Tax Period

2022-09-01 to 2023-08-31

ELK VALLEY PUBLIC IMPROVEMENT CORPORATION, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2022. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $2.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ORGANIZATION PROVIDES PLANNING, CONSTRUCTION & MANAGEMENT SERVICES FOR MUNICIPAL IMPROVEMENTS IN LAKEWOOD, CO WHICH WERE ORIGINALLY CONSTRUCTED FROM THE PROCEEDS OF TAX EXEMPT FINANCIING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,940,785

Investment Income $1

Other Revenue $222,997

TOTAL REVENUE $2,163,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,000

Fundraising Expenses $0

Program Expenses $1,799,490

Other Expenses $2,323,554

TOTAL EXPENSES $2,553,554

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,163,783	$1,319,833	+0.6%
Expenses	$2,553,554	$1,843,913	+0.4%
Net Income	$-389,771	$-524,080	-0.3%

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

N/A

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

$798,000

Total Directors

$798,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M MULLINS	DIRECTOR	5.00	Officer Director	$0	$0	$568,000
BILL JENKINS	DIRECTOR	40.00	Officer Director	$230,000	$0	$230,000

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	No data	No data	No data	No data
2023	$2,163,783	$2,553,554	$678,543	$-389,771
2022	$1,319,833	$1,843,913	$342,817	$-524,080
2021	$338,533	$903,795	$260,383	$-565,262
2020	$1,886,236	$1,695,483	$311,545	$190,753
2019	$1,373,265	$1,413,328	$99,892	$-40,063
2018	$1,060,980	$1,244,678	$139,955	$-183,698

ELK VALLEY PUBLIC IMPROVEMENT CORPORATION