COLORADO SENIOR RESIDENCES INC

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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

2010

Legal Domicile

Principal Officer

CHUCK PARSONS

Phone

9708798855

Tax Period

2023-01-01 to 2023-12-31

COLORADO SENIOR RESIDENCES INC, founded in 2010, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.7M in total revenue in fiscal year 2023. Expenses of $17.6M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO BE VIEWED AS A LEADER IN THE SENIOR LIVING CONTINUUM OF SERVICES WITH WARM AND INVITING RESIDENCES, DEDICATED AND VISIONARY LEADERSHIP, PROFESSIONAL MANAGEMENT AND AN ENGAGED STAFF WHO ARE COMMITTED TO AN ENVIRONMENT OF GROWTH AND INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $14,631,239 Revenue: $13,187,028

CASEY'S POND WAS FORMED TO DEVELOP, OWN, AND OPERATE A SENIOR LIVING AND LONG-TERM CARE COMMUNITY IN STEAMBOAT SPRINGS, COLORADO. CASEY'S POND CONSISTS OF APPROXIMATELY 66 SKILLED NURSING BEDS; 53...

CASEY'S POND WAS FORMED TO DEVELOP, OWN, AND OPERATE A SENIOR LIVING AND LONG-TERM CARE COMMUNITY IN STEAMBOAT SPRINGS, COLORADO. CASEY'S POND CONSISTS OF APPROXIMATELY 66 SKILLED NURSING BEDS; 53 ASSISTED LIVING UNITS; 15 MEMORY CARE UNITS; 22 INDEPENDENT LIVING UNITS; AND RELATED COMMON AREAS, AMENITIES, AND OTHER IMPROVEMENTS ALL HOUSED WITHIN ONE BUILDING.

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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 $87,229

Program Service Revenue $13,187,028

Investment Income $365,168

Other Revenue $50,242

TOTAL REVENUE $13,689,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,357,885

Fundraising Expenses $0

Program Expenses $14,631,239

Other Expenses $13,273,434

TOTAL EXPENSES $17,631,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,689,667	$13,669,268	+0.0%
Expenses	$17,631,319	$16,348,774	+0.1%
Net Income	$-3,941,652	$-2,679,506	+0.5%

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

107

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUI ANTONUCCI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN BOMBERG	DIRECTOR	1.00	Director	$0	$0	$0
RENEE GILBERSON	DIRECTOR	1.00	Director	$0	$0	$0
KARL GILLS	TREASURER	1.00	Officer Director	$0	$0	$0
BJ HEUBERGER	SECRETARY	1.00	Officer Director	$0	$0	$0
MARILYN MCCAULLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES PARSONS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD BOATRIGHT	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
JEANINE WOOSLEY	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0

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
2023	$13,689,667	$17,631,319	$43,323,176	$-3,941,652
2022	$13,669,268	$16,348,774	$43,911,478	$-2,679,506
2021	$12,218,271	$15,643,140	$39,996,188	$-3,424,869
2020	$11,134,287	$15,588,324	$40,070,549	$-4,454,037
2019	$11,845,530	$14,912,596	$40,882,003	$-3,067,066
2018	$11,945,627	$14,916,270	$42,276,320	$-2,970,643