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PeerBasis
Compensation Comparability Determination

Colorado Thrives

Executive Director / CEO

EIN 842824439
CO · NTEE S31
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Erin Trapp, Executive Director / CEO ($170,630) against every comparable organization that fit the selection criteria — 104 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 92nd percentile of comparable organizationsabove the 90th percentile — board review recommended

Benchmarked executive: Erin Trapp — reported title “Executive Director”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

104 organizations qualified on sector, size, and geography 104 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,220 total compensation of comparable organizations → $227,837 $170,630
$15,76910th
$54,12525th
$88,682Median
$122,88375th
$160,10090th
$170,630This org · 92nd
p10$15,769
p25$54,125
p50$88,682
p75$122,883
p90$160,100
$170,630

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to CO cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Lake Norman Community Development NC$498,609 Executive Di $46,500 $50,107 2024
Rebuilding Together Metro Denver Inc CO$501,462 Executive Director $111,750 $111,750 2024
Atlantic Avenue District Management NY$503,378 Executive Dir. $101,000 $95,180 2024
Great River Economic Dev Foundation IL$503,489 President $102,700 $105,296 2024
Downtown Encinitas Mainstreet Assoc CA$508,881 Executive Director $96,955 $87,311 2024
Midlands Latino Community Development NE$483,552 Executive Director $112,800 $130,263 2023
Avatar Non-profit Inc FL$475,621 President $5,000 $4,899 2024
Dania Economic Development Corp Inc FL$474,716 Executive Director $92,065 $96,668 2022
The Downtown Shareholders Of Kansas KS$521,757 Execdir (End $57,051 $64,277 2024
Aya Foundation CO$522,887 Chief Executive Officer $183,425 $183,425 2024
Gateway Municipalities Community MD$522,946 Executive Director $14,400 $14,040 2024
Alabama Collective Foundation AL$528,000 President $96,000 $108,160 2024
Lee County Economic Development IA$530,081 Chief Execut $145,501 $166,146 2024
Lowell Development & Financial Corp MA$458,536 Executive Di $151,318 $141,808 2024
Bayview Community Development Corp CA$453,216 Vice Chairman $12,000 $10,806 2024
The Downtown Columbia Partnership MD$542,502 Exec Director $112,260 $109,454 2024
Central Region Innovation And KY$450,611 Executive Director $48,082 $55,464 2023
University District Development Associat WA$449,817 Ceo - Officer $139,201 $129,972 2024
Michigan Faith In Action MI$448,959 Executive Di $61,700 $66,416 2024
Pyramid Community Development Corporatio OH$448,140 Executive Direcotr $38,514 $42,542 2024
Certified Development Corporation SC$447,388 Director $1,875 $2,040 2024
Vibe District Virginia Beach VA$446,533 Executive Director $91,406 $92,041 2024
Pemiscot County Initiative Network MO$441,365 Director $52,977 $57,008 2025
Conyers Rockdale Economic Deve GA$436,100 Exec Director $125,750 $135,756 2023
Urban Wood Economy Inc MD$560,447 Ceo $59,665 $56,674 2025

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to CO cost of living and 2024 dollars. Click any organization to verify the figure on ProPublica.

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to CO cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default92nd
Total compensation (D + F), as reported (no adjustments)92nd
Reportable pay only (column D), adjusted94th
All sources (D + E + F), adjusted85th

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Erin Trapp) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 104 similarly situated organizations (Same NTEE sector (S31), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $170,630 is reasonable (approximately the 92nd percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.