Homeward Pikes Peak (EIN 134242773) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Beth Roalstad

Phone

7194735557

Tax Period

2024-01-01 to 2024-12-31

Homeward Pikes Peak, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $4.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

Homeward Pikes Peak empowers individuals and families to access stable housing, increase mental health, recovery, and economic stability.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,934,041

Program Service Revenue $294,026

Investment Income $11,774

Other Revenue $4,349

TOTAL REVENUE $4,244,190

Expense Breakdown

Grants Paid $1,309,817

Salaries & Benefits $2,275,579

Fundraising Expenses $101,879

Program Expenses $4,035,152

Other Expenses $1,110,884

TOTAL EXPENSES $4,696,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,244,190	$5,748,905	-0.3%
Expenses	$4,696,280	$4,792,480	0.0%
Net Income	$-452,090	$956,425	-1.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$200,642

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carolena Steen	President	1.00	Officer Director	$0	$0	$0
Glen Pressman	Vice President	1.00	Officer Director	$0	$0	$0
Luke Travins	Past President	1.00	Director	$0	$0	$0
Robert II Worrall	Secretary	1.00	Officer Director	$0	$0	$0
Scott McBride	Treasurer	1.00	Officer Director	$0	$0	$0
Amanda Walls	Board Member	1.00	Director	$0	$0	$0
Courtney Alexander	Board Member	1.00	Director	$0	$0	$0
David Blazis	Board Member	1.00	Director	$0	$0	$0
Dr Ila Dubos	Board Member	1.00	Director	$0	$0	$0
Erik Bencohoff	Board Member	1.00	Director	$0	$0	$0
Grant Westerfield	Board Member	1.00	Director	$0	$0	$0
Jennifer Darby	Board Member	1.00	Director	$0	$0	$0
John Colgan	Board Member	1.00	Director	$0	$0	$0
Tony Delollis	Board Member	1.00	Director	$0	$0	$0
Beth Roalstad	Executive Director	40.00	Officer	$108,982	$5,742	$114,724
Jereme Fish	Director of Finance	40.00	Officer	$85,131	$787	$85,918

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,244,190	$4,696,280	$8,589,106	$-452,090
2023	$5,748,905	$4,792,480	$10,134,585	$956,425
2022	$5,132,743	$3,247,361	$8,571,555	$1,885,382
2021	$3,010,343	$2,318,063	$3,801,704	$692,280
2021	$3,010,343	$2,318,063	$3,801,704	$692,280
2020	$2,796,918	$2,086,140	$2,149,970	$710,778
2019	$2,174,401	$1,942,997	$1,564,952	$231,404
2018	$1,879,045	$1,717,470	$819,071	$161,575

Homeward Pikes Peak