SILVER KEY SENIOR SERVICES INC

EIN: 237109922 501(c)(3) Human Services

COLORADO SPRINGS, CO

Total Revenue
$12,666,255
Total Expenses
$7,985,186
Total Assets
$19,380,888
Net Assets
$18,693,973
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CO
Principal Officer
JASON DEABUENO
Phone
7198842300
Tax Period
2023-07-01 to 2024-06-30

SILVER KEY SENIOR SERVICES INC, founded in 1970, is a mid-sized nonprofit in the Human Services sector that reported $12.7M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 37% operating margin.

Mission

SILVER KEY SENIOR SERVICES SUPPORTS A HEALTHY QUALITY OF LIFE FOR SENIORS BY PROVIDING A COMPREHENSIVE WRAPAROUND MODEL OF NUTRITION, TRANSPORTATION, CASE MANAGEMENT, SOCIAL CONNECTION, AND EDUCATION SERVICES. (EXPANDED MISSION ON SCHEDULE O)IN PARTNERSHIP WITH STAKEHOLDERS AND VOLUNTEERS, SILVER KEY EMPOWERS SENIORS TO AGE IN PLACE SAFELY, WITH DIGNITY AND INDEPENDENCE, WHILE ADDRESSING BOTH IMMEDIATE AND LONG-TERM NEEDS THROUGH HOLISTIC AND COMPASSIONATE CARE.

Program Service Accomplishments

Program 1
Expenses: $3,195,014 Revenue: $240,241

SILVER KEY PROVIDES MULTIPLE NUTRITION PROGRAMS TO SUPPORT FOOD SECURITY AND SOCIAL CONNECTION AMONG SENIORS. DURING THE YEAR ENDED JUNE 30, 2024:- HOME DELIVERED MEALS AND MEALS ON WHEELS PROGRAMS...

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SILVER KEY PROVIDES MULTIPLE NUTRITION PROGRAMS TO SUPPORT FOOD SECURITY AND SOCIAL CONNECTION AMONG SENIORS. DURING THE YEAR ENDED JUNE 30, 2024:- HOME DELIVERED MEALS AND MEALS ON WHEELS PROGRAMS DELIVERED 39,473 MEALS TO HOMEBOUND SENIORS.- 56,837 MEALS WERE SERVED AT 13 SILVER KEY CONNECTIONS CAFS, PROVIDING NUTRITIOUS MEALS AND FELLOWSHIP.- SILVER KEY'S FOOD PANTRY DISTRIBUTED 24,060 FOOD BOXES AND 783,222 POUNDS OF FOOD, HELPING OVER 1,600 CLIENTS MONTHLY, INCLUDING PARTICIPANTS IN CSFP AND TEFAP.

Program 2
Expenses: $1,973,577

SILVER KEY RESERVE & RIDE PROVIDES ADA-ACCESSIBLE TRANSPORTATION FOR SENIORS ACROSS THE PIKES PEAK REGION. SERVICES SUPPORT TRIPS TO MEDICAL APPOINTMENTS, GROCERY STORES, COMMUNITY MEALS, AND SOCIAL...

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SILVER KEY RESERVE & RIDE PROVIDES ADA-ACCESSIBLE TRANSPORTATION FOR SENIORS ACROSS THE PIKES PEAK REGION. SERVICES SUPPORT TRIPS TO MEDICAL APPOINTMENTS, GROCERY STORES, COMMUNITY MEALS, AND SOCIAL OUTINGS. VEHICLES ACCOMMODATE MOBILITY AIDS INCLUDING WHEELCHAIRS AND WALKERS. DURING THE YEAR ENDING JUNE 30, 2024, 33,446 RIDES WERE PROVIDED. THE PROGRAM HELPS SENIORS REMAIN MOBILE AND INDEPENDENT, WITH OVER 18,478 MILES DRIVEN MONTHLY BY 17 STAFF AND 33 VOLUNTEER DRIVERS ACROSS A FLEET OF 51 VEHICLES.

Program 3
Expenses: $1,727,771 Revenue: $145,787

SILVER KEY'S HEALTH & WELLNESS SERVICES INCLUDE CASE MANAGEMENT, BEHAVIORAL HEALTH COUNSELING, AND RESOURCE NAVIGATION. SERVICES ARE DESIGNED TO ASSESS AND SUPPORT SENIORS' INDEPENDENCE THROUGH...

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SILVER KEY'S HEALTH & WELLNESS SERVICES INCLUDE CASE MANAGEMENT, BEHAVIORAL HEALTH COUNSELING, AND RESOURCE NAVIGATION. SERVICES ARE DESIGNED TO ASSESS AND SUPPORT SENIORS' INDEPENDENCE THROUGH COORDINATED REFERRALS AND FINANCIAL ASSISTANCE. DURING THE YEAR ENDED JUNE 30, 2024, 2,986 CLIENTS RECEIVED INDIVIDUALIZED CARE PLANS AND SUPPORT. THE SILVER LINE, SILVER KEY'S CALL CENTER, HANDLED OVER 30,368 CALLS, LINKING CLIENTS TO ESSENTIAL SERVICES. ADDITIONAL SERVICES INCLUDED DURABLE MEDICAL EQUIPMENT AND ADVANCED CARE PLANNING THROUGH THE FIVE WISHES PROGRAM.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,868,127
Program Service Revenue $683,393
Investment Income $920,341
Other Revenue $194,394
TOTAL REVENUE $12,666,255

Expense Breakdown

Grants Paid $1,670,782
Salaries & Benefits $3,610,081
Fundraising Expenses $313,859
Program Expenses $7,235,109
Other Expenses $2,704,323
TOTAL EXPENSES $7,985,186

Year-over-Year Comparison

2023 2022 Change
Revenue $12,666,255 $8,477,734 +0.5%
Expenses $7,985,186 $7,962,290 +0.0%
Net Income $4,681,069 $515,444 +8.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
100
Volunteers
557

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
6
$273,078
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DICK WILHELM CHAIR 1.00
Officer Director
$0 $0 $0
LAURA KRONICK VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEVE NOBLITT SECRETARY 1.00
Officer Director
$0 $0 $0
LAUREN BURRUS TREASURER 1.00
Officer Director
$0 $0 $0
CARI KARNS FOUNDATION LIASON 1.00
Director
$0 $0 $0
BEATRIZ ARSUAGA DIRECTOR 1.00
Director
$0 $0 $0
SHAHERA SHALABI DIRECTOR 1.00
Director
$0 $0 $0
DAVE BUNKERS DIRECTOR (TERM END 12/31/23) 1.00
Director
$0 $0 $0
MARIE LAMBERT DIRECTOR (TERM END 7/7/23) 1.00
Director
$0 $0 $0
JASON DEABUENO PRESIDENT & CEO 40.00
Officer
$117,397 $36,732 $154,129
VALERIE ANDERS CFO 40.00
Officer
$105,136 $13,813 $118,949
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 $12,666,255 $7,985,186 $19,380,888 $4,681,069
2023 $8,477,734 $7,962,290 $15,211,662 $515,444
2022 $8,397,518 $8,121,692 $13,456,104 $275,826
2021 $7,612,543 $7,186,590 $14,103,228 $425,953
2020 $7,315,465 $6,324,535 $12,618,197 $990,930
2019 $6,020,731 $6,201,902 $12,033,721 $-181,171
2018 $6,370,367 $5,503,734 $12,271,181 $866,633
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