Cortez Retail Enhancement Association

Is Cortez Retail Enhancement Association Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Cortez Retail Enhancement Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Cortez Retail Enhancement Association

Cortez Retail Enhancement Association (EIN: 204812140) is a nonprofit organization based in Cortez, CO, classified under NTEE code S41. The organization reported total revenue of $259K and total assets of $284K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cortez Retail Enhancement Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cortez Retail Enhancement Association with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Cortez Retail Enhancement Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which is a positive sign for efficient resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Cortez Retail Enhancement Association:

• Consistent revenue growth, from $194,097 in 2014 to $256,024 in 2023.
• Strong asset accumulation, with assets growing from $85,016 in 2014 to $234,997 in 2023.
• Zero reported officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
• Consistent operational surpluses, with revenue exceeding expenses in most years (e.g., $256,024 revenue vs. $226,769 expenses in 2023).
• High transparency with 13 consistent IRS 990 filings.

Frequently Asked Questions about Cortez Retail Enhancement Association

Filing History

IRS 990 filing history for Cortez Retail Enhancement Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cortez Retail Enhancement Association's revenue has grown by 50.3%, moving from $170K to $256K. Total assets increased by 138.5% over the same period, from $99K to $235K. Total functional expenses rose by 64.9%, from $138K to $227K. In its most recent filing year (2023), Cortez Retail Enhancement Association reported a surplus of $29K, with revenue exceeding expenses. The organization holds $30K in liabilities against $235K in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $205K.

Year-by-Year Financial Summary

• 2023: Revenue of $256K, expenses of $227K, and assets of $235K (revenue +4.0% year-over-year).
• 2022: Revenue of $246K, expenses of $217K, and assets of $197K (revenue -3.6% year-over-year).
• 2021: Revenue of $256K, expenses of $206K, and assets of $167K (revenue +19.8% year-over-year).
• 2020: Revenue of $213K, expenses of $178K, and assets of $121K (revenue -11.0% year-over-year).
• 2019: Revenue of $240K, expenses of $224K, and assets of $104K (revenue +5.0% year-over-year).
• 2018: Revenue of $228K, expenses of $226K, and assets of $83K (revenue +4.9% year-over-year).
• 2017: Revenue of $218K, expenses of $204K, and assets of $76K (revenue +3.8% year-over-year).
• 2016: Revenue of $210K, expenses of $229K, and assets of $59K (revenue +3.3% year-over-year).
• 2015: Revenue of $203K, expenses of $183K, and assets of $73K (revenue +4.6% year-over-year).
• 2014: Revenue of $194K, expenses of $189K, and assets of $85K (revenue +2.8% year-over-year).
• 2013: Revenue of $189K, expenses of $199K, and assets of $97K (revenue +2.6% year-over-year).
• 2012: Revenue of $184K, expenses of $194K, and assets of $96K (revenue +8.1% year-over-year).
• 2011: Revenue of $170K, expenses of $138K, and assets of $99K.

Data Sources and Methodology

This transparency report for Cortez Retail Enhancement Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.