Southern Colorado Retac Inc
Southern Colorado Retac Inc maintains stable finances with no executive compensation and consistent asset growth.
EIN: 20676746 · Pueblo, CO · NTEE: E02 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $284K |
| Total Expenses | $247K |
| Program Spending | 90% |
| Net Assets | $203K |
| Transparency Score | 85/100 |
Is Southern Colorado Retac Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Colorado Retac Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Colorado Retac Inc
Southern Colorado Retac Inc (EIN: 20676746) is a nonprofit organization based in Pueblo, CO, classified under NTEE code E02. The organization reported total revenue of $284K and total assets of $229K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Colorado Retac Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Colorado Retac Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $212K |
| Total Expenses | $247K |
| Surplus / Deficit | $-35,416 |
| Total Assets | $203K |
| Net Assets | $203K |
| Operating Margin | -16.7% |
| Months of Reserves | 9.9 months |
Financial Health Grade: B
In 2023, Southern Colorado Retac Inc reported a deficit of $35K with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Southern Colorado Retac Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | +16.5% | -14.8% |
| 2022 | +4.4% | +16.4% | -0.7% |
| 2021 | -7.4% | -4.3% | +8.8% |
| 2020 | +8.5% | +6.4% | +12.5% |
| 2019 | -7.2% | +0.4% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southern Colorado Retac Inc with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Southern Colorado Retac Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational model.
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 Southern Colorado Retac Inc:
- Consistent asset growth, from $136,720 in 2017 to $229,338 currently.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistent history of IRS 990 filings (13 filings), demonstrating strong transparency.
- Zero liabilities reported in recent years (2021-2023), indicating strong financial health.
- Stable revenue and expense patterns over multiple years, showing predictable operations.
Frequently Asked Questions about Southern Colorado Retac Inc
Is Southern Colorado Retac Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Colorado Retac Inc (EIN: 20676746) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Southern Colorado Retac Inc spend its money?
Southern Colorado Retac Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Colorado Retac Inc tax-deductible?
Southern Colorado Retac Inc is registered as a tax-exempt nonprofit (EIN: 20676746). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Southern Colorado Retac Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Southern Colorado Retac Inc is above average for NTEE category E02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southern Colorado Retac Inc located?
Southern Colorado Retac Inc is headquartered in Pueblo, Colorado and files with the IRS under EIN 20676746. It is classified under NTEE code E02.
How many years of IRS 990 filings does Southern Colorado Retac Inc have?
Southern Colorado Retac Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $284K in total revenue.
Is Southern Colorado Retac Inc a good charity?
Based on the available financial data, Southern Colorado Retac Inc appears to be a well-managed and financially stable charity. Key strengths include consistent asset growth, zero reported officer compensation, and a strong history of IRS 990 filings, indicating transparency and a focus on mission over administrative overhead.
How does Southern Colorado Retac Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or that any compensation falls below the reporting threshold for officers, which is highly efficient and directs more funds to its mission.
What caused the significant revenue spike in 2016?
The provided data does not specify the reason for the revenue spike to $847,949 in 2016. It could be attributed to a large one-time grant, a specific fundraising campaign, or an unusual program event. Further investigation into the 2016 990 filing would be needed to determine the exact cause.
Filing History
IRS 990 filing history for Southern Colorado Retac Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southern Colorado Retac Inc's revenue has grown by 95.3%, moving from $108K to $212K. Total assets increased by 238% over the same period, from $60K to $203K. Total functional expenses rose by 48.4%, from $166K to $247K. In its most recent filing year (2023), Southern Colorado Retac Inc reported a deficit of $35K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $212K | $247K | $203K | $0 | — | View 990 |
| 2022 | $210K | $212K | $239K | $0 | — | View 990 |
| 2021 | $202K | $182K | $240K | $0 | — | View 990 |
| 2020 | $218K | $190K | $221K | $0 | — | View 990 |
| 2019 | $200K | $179K | $196K | $3K | — | View 990 |
| 2018 | $216K | $178K | $175K | $3K | — | View 990 |
| 2017 | $207K | $198K | $137K | $3K | — | View 990 |
| 2016 | $848K | $854K | $126K | $2K | — | View 990 |
| 2015 | $233K | $239K | $132K | $2K | — | View 990 |
| 2014 | $272K | $267K | $138K | $2K | — | View 990 |
| 2013 | $241K | $233K | $133K | $2K | — | View 990 |
| 2012 | $284K | $224K | $122K | $2K | — | View 990 |
| 2011 | $108K | $166K | $60K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $212K, expenses of $247K, and assets of $203K (revenue +0.6% year-over-year).
- 2022: Revenue of $210K, expenses of $212K, and assets of $239K (revenue +4.4% year-over-year).
- 2021: Revenue of $202K, expenses of $182K, and assets of $240K (revenue -7.4% year-over-year).
- 2020: Revenue of $218K, expenses of $190K, and assets of $221K (revenue +8.5% year-over-year).
- 2019: Revenue of $200K, expenses of $179K, and assets of $196K (revenue -7.2% year-over-year).
- 2018: Revenue of $216K, expenses of $178K, and assets of $175K (revenue +4.5% year-over-year).
- 2017: Revenue of $207K, expenses of $198K, and assets of $137K (revenue -75.6% year-over-year).
- 2016: Revenue of $848K, expenses of $854K, and assets of $126K (revenue +263.4% year-over-year).
- 2015: Revenue of $233K, expenses of $239K, and assets of $132K (revenue -14.3% year-over-year).
- 2014: Revenue of $272K, expenses of $267K, and assets of $138K (revenue +13.1% year-over-year).
- 2013: Revenue of $241K, expenses of $233K, and assets of $133K (revenue -15.4% year-over-year).
- 2012: Revenue of $284K, expenses of $224K, and assets of $122K (revenue +162.6% year-over-year).
- 2011: Revenue of $108K, expenses of $166K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Colorado Retac Inc:
Data Sources and Methodology
This transparency report for Southern Colorado Retac Inc 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.