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Filing year 2024

MONTROSE ECONOMIC DEVELOPMENT CORPORATION

Montrose, Colorado·EIN 74-2041618·6
Total revenue
$136k
Total assets
$269k
Total expenses
$244k
Reported officers
24
Mission

THE MISSION OF MEDC IS TO STRENGTHEN MONTROSE COUNTY'S ECONOMIC BASE AND INCREASE THE STANDARD OF LIVING FOR ALL OF ITS RESIDENTS THROUGH THE RETENTION, EXPANSION, ATTRACTION, AND DEVELOPMENT OF PRIMARY JOBS AND CAPITAL INVESTMENTS.

Executive compensation

Form 990 · Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
25th percentile to median
$80k
$85k
Executive Assistant
Board Member
Median to 75th percentile
$50k
$54k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 22 unpaid individuals.

Held steady
from 2023

From $80k in 2023 to $80k in 2024.

$80k
2023
$80k
2024
In today's dollarsEst.
Down 3% in real terms$88k to $85k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2023 to 2024, while revenue fell 17%.

$80k in 2023 to $80k in 2024.
  • Board Member pay rose 1% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MONTROSE ECONOMIC DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$164k
$218k
2023
$136k
$244k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MONTROSE ECONOMIC DEVELOPMENT CORPORATION

What does the Chief Executive Officer of MONTROSE ECONOMIC DEVELOPMENT CORPORATION earn?

In 2024, the Chief Executive Officer of MONTROSE ECONOMIC DEVELOPMENT CORPORATION received $80,000 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MONTROSE ECONOMIC DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MONTROSE ECONOMIC DEVELOPMENT CORPORATION falls between the 25th percentile and the median.

What are MONTROSE ECONOMIC DEVELOPMENT CORPORATION's revenue and expenses?

In 2024, MONTROSE ECONOMIC DEVELOPMENT CORPORATION reported $136k in total revenue and $244k in total expenses on its IRS Form 990.

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