Wet Mtn Valley Community Foundation

Nonprofit profile at a glance

EIN
841516244
IRS 990 coverage
2018–2025
Forms available
Form 990 2025
Location
Westcliffe, CO, USA
Phone
7197832865
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Reported finances

Revenue
$1,042,090
Expenses
$785,058
Assets
$2,462,025
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • BONNIE SAMUELSON (VICE PRESIDENT)
  • PATTI DUNN (PRESIDENT)

People named in this filing

  • CATHY SNOW (TREASURER)
  • LUCILLE DIDOMENICO (DIRECTOR)
  • ERIN CHRISTIE (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Community grants and support of community based programs and services. The wet mountain valley community foundation strengthens tax exempt organizations and provides donors with charitable giving options.

What it reported doing in 2025

The wet mountain valley community spirit campaign raises financial support for custer county tax-exempt organizations through the solicitation of individual donations to specific organizations. A percentage of the donations received are matched by wmvcf, and the total disbursed directly to the organizations designated by the donors. These grants and gifts support the community in various ways. Primarily through this campaign, wmvcf has distributed over $6 million to just over 100 non-profit organizations in custer county since the founding of the community spirit campaign in 1999. Grants and gifts have been to the arts, education, recreation, historic preservation, emergency services, health care, land conservation and related fields of service.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 76% 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. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 87
  • Accountability: 70
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.8%; rating input score 85
  • Program expense ratio: 97.8%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 92.3%; rating input score 92; 44th 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; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 24.7%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 3.14; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 7.9% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: 9.7% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 8.8% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 84.8% of revenue deployed · 97.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 2 of 7 filing controls reported
  • Programs: 16 filed program accomplishments · $768K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 21 of 23 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 28 filed money-flow records
  • Related organizations: 22 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 — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.