ASCENDING TO HEALTH RESPITE CARE INC

EIN: 274584911 501(c)(3) Housing & Shelter

COLORADO SPRINGS, CO

Total Revenue
$1,028,362
Total Expenses
$826,806
Total Assets
$374,086
Net Assets
$361,334
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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
2011
Legal Domicile
CO
Principal Officer
GREGORY MORRIS
Phone
7196332800
Tax Period
2023-01-01 to 2023-12-31

ASCENDING TO HEALTH RESPITE CARE INC, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $202K, a strong 20% operating margin.

Mission

TO DELIVER ACCESS TO RECUPERATIVE SHELTERING, QUALITY HEALTHCARE AND COMPREHENSIVE CASE MANAGEMENT INAN EFFORT TO BREAK THE CYCLE OF HOMELESSNESS.

Program Service Accomplishments

Program 1
Expenses: $799,374 Revenue: $491,168

TO PRESENT A SAFE PLACE TO RECUPERATE FOR THE HOMELESS PATIENT AFTER EXPERIENCING A SIGNIFICANT HEALTH SETBACK. PROVIDE INTENSIVE CASE MANAGEMENT AND SELF-CARE EDUCATION TO HELP BREAK THE FREQUENT...

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TO PRESENT A SAFE PLACE TO RECUPERATE FOR THE HOMELESS PATIENT AFTER EXPERIENCING A SIGNIFICANT HEALTH SETBACK. PROVIDE INTENSIVE CASE MANAGEMENT AND SELF-CARE EDUCATION TO HELP BREAK THE FREQUENT UTILITIZATION OF THE HOSPITAL EMERGENCY DEPARTMENTS, LEADING TO ADMISSIONS. OFFER INTEGRATION OF CARE AND SERVICES TO ULTIMATELY END THE CYCLE OF HOMELESSNESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $536,759
Program Service Revenue $268,199
Investment Income $435
Other Revenue $222,969
TOTAL REVENUE $1,028,362

Expense Breakdown

Grants Paid $0
Salaries & Benefits $563,109
Fundraising Expenses $0
Program Expenses $799,374
Other Expenses $263,697
TOTAL EXPENSES $826,806

Year-over-Year Comparison

2023 2022 Change
Revenue $1,028,362 $530,775 +0.9%
Expenses $826,806 $748,677 +0.1%
Net Income $201,556 $-217,902 -1.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
20
Volunteers
1

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
3
$141,898
Total Directors
5
$141,898
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY MORRIS PRESIDENT/CEO 40.0
Officer Director
$141,898 $0 $141,898
LYNN BEAULIEU MD TREASURER 2.0
Officer Director
$0 $0 $0
ANNE BEER SECRETARY 2.0
Officer Director
$0 $0 $0
REBECCA MCCAY DIRECTOR 1.0
Director
$0 $0 $0
BILL LYONS DIRECTOR 1.0
Director
$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 $1,028,362 $826,806 $374,086 $201,556
2022 $530,775 $748,677 $176,139 $-217,902
2021 $836,062 $567,050 $384,988 $269,012
2020 $827,402 $854,245 $142,341 $-26,843
2019 $754,400 $698,888 $159,083 $55,512
2018 $463,082 $560,933 $108,450 $-97,851
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