Civic Intelligence

Region 9 Economic Development District of Southwest Colorado Inc

990 • Fiscal year 2021 • EIN 84-1125631

Oct 01, 2020 to Sep 30, 2021 • Filed on Apr 28, 2022

Organization ProfileWWW.REGION9EDD.ORG
135 Burnett Dr Unit 1Durango, CO 81301

(970) 247-9621

Siviq Scores

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

Liabilities / Assets

56th percentile

0.22x

Higher debt load relative to assets than 56% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.68x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Net Margin

96th percentile

59%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

18th percentile

$122,065

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Asset Growth

67th percentile

18%

Faster asset growth than 67% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

83%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$9,348,510

Up $1,400,198 (+18%) from 2020

Net Assets

Up

$7,297,888

Up $1,764,627 (+32%) from 2020

Liabilities

Down

$2,050,622

Down $364,429 (-15%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin96th percentile

Revenue

Up

$2,993,754

Up $1,357,748 (+83%) from 2020

Expenses

Down

$1,229,127

Down $247,312 (-17%) from 2020

Net Income

Up

$1,764,627

Up $1,605,060 (+1006%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $4,955,978Liabilities 2011: $786,972Net Assets 2011: $4,169,0062011Assets 2012: $4,992,202Liabilities 2012: $925,361Net Assets 2012: $4,066,8412012Assets 2013: $5,089,351Liabilities 2013: $958,287Net Assets 2013: $4,131,0642013Assets 2014: $5,189,599Liabilities 2014: $1,126,275Net Assets 2014: $4,063,3242014Assets 2015: $5,082,404Liabilities 2015: $1,109,249Net Assets 2015: $3,973,1552015Assets 2016: $5,353,693Liabilities 2016: $1,148,897Net Assets 2016: $4,204,7962016Assets 2017: $6,620,352Liabilities 2017: $1,848,266Net Assets 2017: $4,772,0862017Assets 2018: $7,367,857Liabilities 2018: $2,190,576Net Assets 2018: $5,177,2812018Assets 2019: $7,213,053Liabilities 2019: $1,839,359Net Assets 2019: $5,373,6942019Assets 2020: $7,948,312Liabilities 2020: $2,415,051Net Assets 2020: $5,533,2612020Assets 2021: $9,348,510Liabilities 2021: $2,050,622Net Assets 2021: $7,297,8882021Assets 2022: $13,418,748Liabilities 2022: $2,948,468Net Assets 2022: $10,470,2802022Assets 2023: $14,456,568Liabilities 2023: $2,560,148Net Assets 2023: $11,896,4202023Assets 2024: $16,189,667Liabilities 2024: $4,024,795Net Assets 2024: $12,164,8722024

Highlighted filing

2021

Assets$9,348,510
Liabilities$2,050,622
Net Assets$7,297,888
Open 2021 Filing

Operations Trend

Revenue Growth92nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,165,297Expenses 2011: $1,290,113Net Income 2011: -$124,8162011Revenue 2012: $900,394Expenses 2012: $1,002,559Net Income 2012: -$102,1652012Revenue 2013: $993,690Expenses 2013: $929,475Net Income 2013: $64,2152013Revenue 2014: $961,103Expenses 2014: $1,028,843Net Income 2014: -$67,7402014Revenue 2015: $1,067,540Expenses 2015: $1,157,709Net Income 2015: -$90,1692015Revenue 2016: $1,457,404Expenses 2016: $1,225,763Net Income 2016: $231,6412016Revenue 2017: $1,691,103Expenses 2017: $1,123,813Net Income 2017: $567,2902017Revenue 2018: $1,382,160Expenses 2018: $976,965Net Income 2018: $405,1952018Revenue 2019: $1,450,761Expenses 2019: $1,254,348Net Income 2019: $196,4132019Revenue 2020: $1,636,006Expenses 2020: $1,476,439Net Income 2020: $159,5672020Revenue 2021: $2,993,754Expenses 2021: $1,229,127Net Income 2021: $1,764,6272021Revenue 2022: $4,629,224Expenses 2022: $1,456,832Net Income 2022: $3,172,3922022Revenue 2023: $3,547,087Expenses 2023: $2,120,947Net Income 2023: $1,426,1402023Revenue 2024: $3,284,369Expenses 2024: $3,015,917Net Income 2024: $268,4522024

Highlighted filing

2021

Revenue$2,993,754
Expenses$1,229,127
Net Income$1,764,627
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Apr 28, 2022
Return Version
2020v4.0
Gross Receipts
$3,023,228
Mission and Program Overview

Mission

To improve economic conditions in Southwest Colorado through administration of programs and development grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,970,586$6,728,505▲ $757,919
Cap Stk Tr Prin Current Funds$3,267,728$3,993,601▲ $725,873
Rtn Earn Endowment Incm Other Fnds$2,236,271$2,988,885▲ $752,614
Cash and Non-Interest-Bearing Accounts$866,022$1,521,855▲ $655,833
Land, Buildings, and Equipment, Net$620,397$598,363▼ $22,034
Pd in Cap Srpls Land Bldg Eqp Fund$29,262$315,402▲ $286,140
Accounts Receivable$411,915$310,015▼ $101,900
Savings and Temporary Cash Investments-$144,101-
Investments in Publicly Traded Securities$44,042$14,568▼ $29,474
Prepaid Expenses and Deferred Charges$5,157$5,468▲ $311
Total Assets$7,948,312$9,348,510▲ $1,400,198
Other Assets Total$30,193$25,635▼ $4,558
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,877,188$2,009,451▲ $132,263
Accounts Payable and Accrued Expenses$537,863$41,171▼ $496,692
Total Liabilities$2,415,051$2,050,622▼ $364,429
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,533,261$7,297,888▲ $1,764,627
Total Liabilities and Net Assets / Fund Balance$7,948,312$9,348,510▲ $1,400,198

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$577,782$39,067$616,849
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura Lewis MarchinoExecutive DiFT$107,637$14,428$122,065

Board Members and Trustees

NameTitle
William TookeyChairman
Mary Jo CoulehanVice Chair
Ashleigh TarkingtonBoard Member
Brett MartinBoard Member
Chauncy MccarthyBoard Member
Clyde ChurchBoard Member
Dewayne FindleyBoard Member
Gloria Kaasch-buergerBoard Member
Janice BryanBoard Member
Jennifer GreenBoard Member
Jim CandelariaBoard Member
Justin OsbornBoard Member
Kelly KoskieBoard Member
Ken CharlesBoard Member
Meade HarbisonBoard Member
Nate PeachBoard Member
Paul ZimmermanBoard Member
Rachel MarchbanksBoard Member
Robert WhitsonBoard Member
Shawn GregoryBoard Member
Steve GarcharBoard Member
Todd WeaverBoard Member
Tommy CrosbyBoard Member
Tuggy DuntonBoard Member
Dan FernandezSecretary
COLLEEN O'BRIENTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,221,264
Program Service Revenue
$660,403
Investment Income
$1,071,434
Other Revenue
$40,653
All Other Contributions
$3,000
Change in Net Assets
$1,764,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,993,754
Total Revenue per Audited Statements
$2,993,754
Total Revenue per Form 990
$2,993,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$823,786
Other Expenses$405,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$537,618
All Other Expenses---$165,394
Current Officers, Directors, Trustees, and Key Employees---$120,370
Other Employee Benefits---$97,736
Payroll Taxes---$52,922
Interest---$43,918
Other Expenses---$25,098
Depreciation Depletion---$23,350
Pension Plan Contributions---$15,140
Insurance---$410
Total Functional Expenses$0$0$0$1,229,127

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,229,127
Total Expenses per Audited Statements$1,229,127
Total Expenses per Form 990$1,229,127
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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, Page 6, Part VI, Line 11B

“All board members have access to the draft of the form 990, but the board delegates responsibility for the review of the form 990 to the executive director.”

Form 990, Page 6, Part VI, Line 12C

“The board and employees are aware of the policy as stated in th epersonnel manual. Board members informally assess conflicts at the beginning of each board meeting.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors annually reviews the performance and compensation of the executive director. The board of directors considers many factors including their experience with other organizations and their knowledge of the local economy in establishing the executive director's compensation.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon request by the public.”

Filing and Contact Details

Filer

Filer Name
Region 9 Economic Development
EIN
84-1125631
Address
135 BURNETT DR UNIT 1, DURANGO, CO 81301

Signing Officer

Name
Laura Lewis Marchino
Title
Executive Director
Phone
9702479621
Signed
2022-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Lewis Marchino
Formed
1989
Legal Domicile
Co
Voting Board Members
26
Independent Board Members
26
Employees
12
Volunteers
45

Preparer

Firm
Hintonburdick Pllc
Address
239 SOUTH MAIN ST STE 100, CEDAR CITY, UT 84720
Preparer
Tad Tuttle CPA
Phone
4358657666
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Miscellaneous 16,792 0 0 provision for loan loss -46,318 0 0 economic development 194,920 0 0 total 165,394 0 0”

Raw XML AppendixShowing 400 of 492 raw XML fields

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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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,348,510
Liabilities
$2,050,622
Net assets
$7,297,888
Revenue
$2,993,754
Expenses
$1,229,127
Net income
$1,764,627
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$4.02$12.2$3.28$3.02$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.5$2.56$11.9$3.55$2.12$1.43
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$2.95$10.5$4.63$1.46$3.17
2021Detailed filing. Detailed filing data is available for this year.$9.35$2.05$7.30$2.99$1.23$1.76
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.95$2.42$5.53$1.64$1.48$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.21$1.84$5.37$1.45$1.25$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.37$2.19$5.18$1.38$0.98$0.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.62$1.85$4.77$1.69$1.12$0.57
2016Summary only. Only limited summary data is available for this year.$5.35$1.15$4.20$1.46$1.23$0.23
2015Summary only. Only limited summary data is available for this year.$5.08$1.11$3.97$1.07$1.16$0.09
2014Summary only. Only limited summary data is available for this year.$5.19$1.13$4.06$0.96$1.03$0.07
2013Summary only. Only limited summary data is available for this year.$5.09$0.96$4.13$0.99$0.93$0.06
2012Summary only. Only limited summary data is available for this year.$4.99$0.93$4.07$0.90$1.00$0.10
2011Summary only. Only limited summary data is available for this year.$4.96$0.79$4.17$1.17$1.29$0.12