CEDAREDGE AREA CHAMBER OF COMMERCE

EIN: 841584728

CEDAREDGE, CO

Total Revenue
$40,880
Total Expenses
$48,440
Total Assets
$20,812
Net Assets
$19,605
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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
1979
Legal Domicile
CO
Phone
9708566961
Tax Period
2019-01-01 to 2019-12-31

CEDAREDGE AREA CHAMBER OF COMMERCE, founded in 1979, is a micro nonprofit that reported $41K in total revenue in fiscal year 2019. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $48K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO UNITE THE PEOPLE OF THE AREA FOR A COMMON GOAL FOR DEVELOPEMENT, BETTERMENT, AND OR MOTION OF THE SOUTHERN SLOPE OF GRAND MESA AND SURFACE CREEK VALLEY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $11,105
Program Service Revenue $0
Investment Income $0
Other Revenue $29,775
TOTAL REVENUE $40,880

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,568
Fundraising Expenses $0
Other Expenses $20,872
TOTAL EXPENSES $48,440

Year-over-Year Comparison

2019 2018 Change
Revenue $40,880 $57,711 -0.3%
Expenses $48,440 $41,339 +0.2%
Net Income $-7,560 $16,372 -1.5%
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
4
Independent Members
4
Employees
2
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE HOVDE President 2.00
Officer Director
$0 $0 $0
KAMI COLLINS Director 1.00
Director
$0 $0 $0
DOTTIE WHITLOCK Treasurer 1.00
Officer Director
$0 $0 $0
CINDY STAR Director 1.00
Director
$0 $0 $0
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
2019 $40,880 $48,440 $20,812 $-7,560
2018 $57,711 $41,339 $27,984 $16,372
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