PIKES PEAK REAL ESTATE FOUNDATION

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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

2005

Legal Domicile

Principal Officer

SAMUEL CLARK

Phone

7193891251

Tax Period

2023-01-01 to 2023-12-31

PIKES PEAK REAL ESTATE FOUNDATION, founded in 2005, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.2M in total revenue in fiscal year 2023. Revenue surged 1120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.5M, a strong 94% operating margin.

Mission

TO RECEIVE MANAGE, SELL, STEWARD, AND DEVELOP REAL ESTATE AND RELATED ASSETS FOR THE BENEFIT OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $190,590 Revenue: $68,195

PRESERVED SEVERAL HISTORICAL AND CHARITABLE PROPERTIES IN THE PIKES PEAK REGION.

Program 2

Expenses: $208,271 Revenue: $900

THE WORKFORCE HOUSING FUND - PRE DEVELOPMENT FUND TO HELP CHARITABLE ORGANIZATIONS DEVELOP AFFORDABLE HOUSING CONCEPTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,514,958

Program Service Revenue $69,095

Investment Income $567,798

Other Revenue $0

TOTAL REVENUE $10,151,851

Expense Breakdown

Grants Paid $98,378

Salaries & Benefits $267,966

Fundraising Expenses $0

Program Expenses $398,861

Other Expenses $245,125

TOTAL EXPENSES $611,469

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,151,851	$831,858	+11.2%
Expenses	$611,469	$566,997	+0.1%
Net Income	$9,540,382	$264,861	+35.0%

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

$489,978

Total Directors

$255,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET DOLAN	PRESIDENT	5.00	Officer Director	$0	$61,659	$255,060
MARK HILLE	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
RANDY CASE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY GADDIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL LATIER	DIRECTOR	1.00	Director	$0	$0	$0
DR PAM SHOCKLEY-ZALABAK	DIRECTOR	1.00	Director	$0	$0	$0
ALEX SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
WENDEL TORRES	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL CLARK	EXECUTIVE DIRECTOR	40.00	Officer	$151,707	$21,347	$173,054
LESLIE SABIN	VP OF FINANCE AND OPR (THRU 2023)	5.00	Officer	$0	$8,803	$61,864

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	No data	No data	No data	No data
2023	$10,151,851	$611,469	$20,833,953	$9,540,382
2022	$831,858	$566,997	$10,944,867	$264,861
2021	$1,460,938	$2,219,345	$10,946,835	$-758,407
2020	$2,225,758	$284,946	$11,921,282	$1,940,812
2019	$83,871	$259,958	$8,074,437	$-176,087
2018	$2,060,317	$154,896	$9,508,807	$1,905,421