Civic Intelligence

Chaffee County Economic Development Corporation

990 • Fiscal year 2025 • EIN 27-1843812

Jan 01, 2025 to Dec 31, 2025

PO Box 1011Salida, CO 81201

(719) 239-2018

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

4.38x

Higher debt load relative to assets than 99% of similar nonprofits.

2025 filings • 501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

76th percentile

0.06x

Higher debt load relative to revenue than 76% of similar nonprofits.

2025 filings • 501(c)6 • <$500k nonprofits • Source year 2025

Net Margin

18th percentile

-19%

Higher net margin than 18% of similar nonprofits.

2025 filings • 501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2025 filings • 501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

2nd percentile

-92%

Faster asset growth than 2% of similar nonprofits.

2025 filings • 501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

65th percentile

8.8%

Faster revenue growth than 65% of similar nonprofits.

2025 filings • 501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$3,701

Down $40,323 (-92%) from 2024

Net Assets

Down

-$12,510

Down $50,314 (-133%) from 2024

Liabilities

Up

$16,211

Up $9,991 (+161%) from 2024

Revenue

Up

$270,525

Up $21,945 (+8.8%) from 2024

Expenses

Down

$320,840

Down $1,099 (-0.3%) from 2024

Net Income

Up

-$50,315

Up $23,044 (+31%) from 2024

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0-$100KAssets 2011: $35,390Liabilities 2011: $0Net Assets 2011: $35,3902011Assets 2012: $26,885Liabilities 2012: $0Net Assets 2012: $26,8852012Assets 2013: $345,114Liabilities 2013: $308,765Net Assets 2013: $36,3492013Assets 2014: $365,953Liabilities 2014: $322,914Net Assets 2014: $43,0392014Assets 2016: $29,145Liabilities 2016: $13,170Net Assets 2016: $15,9752016Assets 2017: $28,468Liabilities 2017: $4,100Net Assets 2017: $24,3682017Assets 2018: $18,428Liabilities 2018: $4,676Net Assets 2018: $13,7522018Assets 2019: $23,077Liabilities 2019: $2,302Net Assets 2019: $20,7752019Assets 2020: $59,617Liabilities 2020: $2,015Net Assets 2020: $57,6022020Assets 2021: $125,285Liabilities 2021: $6,301Net Assets 2021: $118,9842021Assets 2022: $144,055Liabilities 2022: $14,673Net Assets 2022: $129,3822022Assets 2023: $125,733Liabilities 2023: $14,571Net Assets 2023: $111,1622023Assets 2024: $44,024Liabilities 2024: $6,220Net Assets 2024: $37,8042024Assets 2025: $3,701Liabilities 2025: $16,211Net Assets 2025: -$12,5102025

Highlighted filing

2025

Assets$3,701
Liabilities$16,211
Net Assets-$12,510

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $78,0052011Expenses 2012: $152,6932012Revenue 2013: $123,958Expenses 2013: $114,494Net Income 2013: $9,4642013Revenue 2014: $160,069Expenses 2014: $153,379Net Income 2014: $6,6902014Revenue 2016: $151,210Expenses 2016: $149,307Net Income 2016: $1,9032016Revenue 2017: $141,577Expenses 2017: $133,184Net Income 2017: $8,3932017Revenue 2018: $120,048Expenses 2018: $130,664Net Income 2018: -$10,6162018Revenue 2019: $132,457Expenses 2019: $125,434Net Income 2019: $7,0232019Revenue 2020: $145,579Expenses 2020: $108,752Net Income 2020: $36,8272020Revenue 2021: $232,331Expenses 2021: $170,949Net Income 2021: $61,3822021Revenue 2022: $337,507Expenses 2022: $327,109Net Income 2022: $10,3982022Revenue 2023: $498,878Expenses 2023: $517,098Net Income 2023: -$18,2202023Revenue 2024: $248,580Expenses 2024: $321,939Net Income 2024: -$73,3592024Revenue 2025: $270,525Expenses 2025: $320,840Net Income 2025: -$50,3152025

Highlighted filing

2025

Revenue$270,525
Expenses$320,840
Net Income-$50,315
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 16, 2026
Return Version
2025v4.0
Gross Receipts
$314,449
Mission and Program Overview

Mission

The Chaffee County Economic Development Corporations mission statement is to assure that Chaffee County is open for business and promote the retention, expansion, and creation of jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$44,024$3,700▼ $40,324
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$44,024$3,701▼ $40,323
Other Assets Total-$1-
Liabilities
Other Liabilities$6,220$16,211▲ $9,991
Total Liabilities$6,220$16,211▲ $9,991
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,804$-12,510▼ $50,314
Total Net Assets Fund Balance$37,804$-12,510▼ $50,314
Total Liabilities and Net Assets / Fund Balance$44,024$3,701▼ $40,323
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carlin WalshChairman
Joe SmithVice Chair
David BlazerExecutive Director
Jeff PostExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$311,599
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$-41,075
Change in Net Assets
$-50,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,731
Salaries, Compensation, and Employee Benefits$140,109
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,854$38,937-$129,791
Fees for Services Accounting-$21,863-$21,863
Payroll Taxes$7,223$3,095-$10,318
Occupancy$7,500--$7,500
All Other Expenses$2,183$4,490-$6,673
Office Expenses-$6,082-$6,082
Other Expenses$1,880$1,877-$1,877
Travel$1,839--$1,839
Insurance-$1,792-$1,792
Advertising$1,214--$1,214
Interest-$121-$121
Total Functional Expenses$242,583$78,257$0$320,840
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$43,924
Fundraising Gross Income$2,168
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Community Rewards/Summit$18,558$2,168$15,007$-12,839
Total Events$18,558$2,168$43,924$-41,756
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$14,354
Payroll Liabilites$1,857
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Executive Committee will review the Form 990 and associated schedules prior to filing.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Chaffee County Economic Development
EIN
27-1843812
Phone
7192392018
Address
PO Box 1011, Salida, CO 81201

Signing Officer

Name
Joe Smith
Title
Executive Director
Signed
2026-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlin Walsh
Formed
2010
Legal Domicile
Co
Voting Board Members
21
Independent Board Members
21
Employees
1
Volunteers
20

Preparer

Firm
Walke & Associates PC
Address
327 E 1st Street, SALIDA, CO 81201
Preparer
Rachael A Walke
Phone
7195398576
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rounding = $1

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The CCEDC continues to be a vital community leader of cross-sector collaboration in support of our shared economic development priorities. As we have continued to mature in our fourth year under current leadership, we are pleased to share that the primary elements of our Strategic Plan continue to be relevant and productive:Entrepreneurial Support - Diversifying the local economy, growing from within, raising county-wide income, creating net new year-round jobs for local residents. Talent Pipeline - Building the workforce pipeline for public, private, and nonprofit employers in Chaffee County. Leveraging partnerships between employers, local school districts and CMC to create more and better Work Based Learning (WBL) opportunities like internships, apprenticeships, and industry sponsored projects. Public Policy - With support from the Public Policy Committee of the Board of Directors, the EDC represented business community priorities and perspectives in numerous policy interactions within each of our partner jurisdictions and educated the public on key Policy Pillar issues through events and a public education campaign.In each of these primary areas of work, new and exciting opportunities have presented themselves, as noted in the list of key accomplishments included in the pages to follow.Strategy One - Entrepreneurial SupportRecruited a fourth cohort of 10 entrepreneurs/business owners to participate in the Ascent business accelerator.Planned and executed 4th Annual Ascent Launch Event at Steamplant Event Center, to a SOLD-OUT crowd of 200 attendeesDesigned and delivered a 12-week Ascent curriculum, from Feb. 1-April 31, including some of the following instructors:oSumanth Channabasappa, Founder, The CORE, Lean Canvas expertoJon Chang, digital marketing expert, former IBM, Kickstarter, Forbes 30 under 30oKira Spivak, Founder, VenturePack CFO, former TechStars; financing, business modeling, and CPA expertoNathan Lawrence, Founder of Principle Law; former TechStars; legal, fundraising, corporate governance expertPlanned and executed third annual Powder_Pitch @ Monarch Mountain experiential mentoring event. oTwo-day on-mountain mentoring and investing event pairing 20 mentors with 20 cohort companies from 22, 23, 24 and 25 cohorts. oGrew attendee participation in both cohort companies and mentors.Planned and executed Ascent Demo Day closing event at the SteamPlant, featuring pitch presentations, to a curated crowd of Angel Investors, from each participant of the cohort. Ongoing - Recruited and onboarded additional local and statewide business advisors for our Mentor Network: https://drivenbynature.co/mentors/Ongoing - Significantly grew followers on our various social media channels for the EDC and initiative:oLinkedin - https://www.linkedin.com/company/chaffee-county-edc oInstagram - www.instagram.com/drivenbynature.coStrategy Two - Talent PipelineContinued to develop excellent working relationships with local academic partners, including school districts and CMC, for the purpose of creating more and better alignment and collaboration between industry and academia. Strategy Three - Public Policy Advocacy & EducationGrew and activated the sitting Public Policy Committee of the EDC, with monthly participation from leading local business executives: oGwen Allen, Founder, Eakins & Allen ConsultantsoGeorgeanne Craig, SVP, Pure GreensoSusan Dempsey Hughes, Owner/Broker, Pinon Real Estate GroupoDan Niemela, Principal/Hydrogeologist, BBA WateroCasey Martin, Partner, JVAMoJeff Post, Owner, First Colorado Land OfficeoJoe Smith, SVP & Mountain Region President, Collegiate Peaks BankoCarlin Walsh, Founder, Elevation Beer CooEx Officio - Dave Blazer, Chairman, Chaffee County EDC
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014354
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11857
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilites
IRS990ScheduleD/TotalLiabilityAmt016211
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt016390
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt016390
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt043924
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Community Rewards/Summit
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt017542
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt017542
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018558
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018558
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt02168
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt02168
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-41756
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015007
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt015007
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt011375
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt011375
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Committee will review the Form 990 and associated schedules prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Rounding = $1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt044024
IRS990/TotalAssetsEOYAmt03701
IRS990/TotalAssetsGrp/BOYAmt044024
IRS990/TotalAssetsGrp/EOYAmt03701
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0311599
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078257
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0242583
IRS990/TotalFunctionalExpensesGrp/TotalAmt0320840
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06220
IRS990/TotalLiabilitiesEOYAmt016211
IRS990/TotalLiabilitiesGrp/BOYAmt06220
IRS990/TotalLiabilitiesGrp/EOYAmt016211
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt037804
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-12510
IRS990/TotalProgramServiceExpensesAmt0242583
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0682
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270525
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt044024
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03701
IRS990/TravelGrp/ProgramServicesAmt01839
IRS990/TravelGrp/TotalAmt01839
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO Box 1011
IRS990/USAddress/CityNm0Salida
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081201
IRS990/VotingMembersGoverningBodyCnt021
IRS990/VotingMembersIndependentCnt021
IRS990/WebsiteAddressTxt0www.chaffeecountyedc.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joe Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Chaffee County Economic Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Corporation
ReturnHeader/Filer/BusinessNameControlTxt0CHAF
ReturnHeader/Filer/EIN0271843812
ReturnHeader/Filer/PhoneNum07192392018
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1011
ReturnHeader/Filer/USAddress/CityNm0Salida
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452047463
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Walke & Associates PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0327 E 1st Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALIDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081201
ReturnHeader/PreparerPersonGrp/PhoneNum07195398576
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rachael A Walke
ReturnHeader/ReturnTs02026-03-16T16:17:04-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.04$0.16$0.13$2.71$3.21$0.50
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.06$0.38$2.49$3.22$0.73
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.15$1.11$4.99$5.17$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.15$1.29$3.38$3.27$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.06$1.19$2.32$1.71$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.02$0.58$1.46$1.09$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.02$0.21$1.32$1.25$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.05$0.14$1.20$1.31$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.04$0.24$1.42$1.33$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.13$0.16$1.51$1.49$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.66$3.23$0.43$1.60$1.53$0.07
2013Detailed filing. Detailed filing data is available for this year.$3.45$3.09$0.36$1.24$1.14$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$1.53
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$0.78