Community Foundation Serving Southwest Colorado
Nonprofit profile at a glance
- EIN
- 841474900
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Durango, CO, USA
- Phone
- 9703755807
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $4,341,287
- Expenses
- $4,806,313
- Assets
- $13,180,795
- Liabilities
- $3,924,510
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- WILSON WARMACK (Vice President)
- MOLLY MARTIN (President)
Highest reported compensation
- BRIGGEN WRINKLE (Executive Dir.): $128,397 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To develop and increase charitable giving that connects donors to community needs in Southwest Colorado and to support the nonprofit sector through granting and educational opportunities.
What it reported doing in 2024
Events - The Community Foundation hosts events for various purposes, including (1) grantmaking, (2) fundraising, and (3) community awareness. (1) The 19th Hole Concerts are a grant opportunity for nonprofits in Archuleta County. Selected nonprofits practice vital skills, such as grant writing, marketing, and event logistics. Through these popular concerts, the nonprofit grantees share their important work with the community and earn much-needed grant funds. (2) The Community Foundations largest fundraising event is the Durango Wine Experience, where we host wine vendors from around the world and produce a fun, shoulder-season festival each spring. Since we prioritize nonprofit support in all our projects, we ensure Wine Experience attendees get both a taste of wine and a taste of the impactful work that the Community Foundation and other local nonprofits accomplish. (3) The Community Foundation created the Making a Difference Speaker Series to align with our core values. We commit to annually bringing in nationally known speakers to talk about their philanthropic endeavors, prompting community awareness, conversations, and actions around significant, timely topics. (Related fundraising amounts from our events are reported on Schedule G.)
Operating model
- Revenue model
- Donor-supported. 85% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 86
- Accountability: 95
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.2%; rating input score 92
- Program expense ratio: 82.5%; rating input score 83
- Fundraising efficiency: $25 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 82.7%; rating input score 83; 22nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -10.7%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 2.74; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: 14.2% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 14.3% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 14% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 92.2% of revenue deployed · 82.5% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $4M in reported program spending
- Leadership: top reported pay $128K · 11 people listed
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 63 filed money-flow records
- Related organizations: 16 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 13/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.