THE SALVATION ARMY COLORADO SPRINGS RES INC (EIN 330402547) - 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

1991

Legal Domicile

Principal Officer

DOUGLAS RILEY

Tax Period

2022-10-01 to 2023-09-30

THE SALVATION ARMY COLORADO SPRINGS RES INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $528K in total revenue in fiscal year 2022. Expenses of $458K left a modest 13% surplus.

Mission

THE SALVATION ARMY COLORADO SPRINGS RESIDENCES INC IS A NON-PROFIT APARTMENT COMPLEX THAT PROVIDES SUBSIDIZED HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED PERSONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $336,870

Program Service Revenue $188,553

Investment Income $2,883

Other Revenue $0

TOTAL REVENUE $528,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,810

Fundraising Expenses $0

Program Expenses $410,535

Other Expenses $335,982

TOTAL EXPENSES $457,792

Year-over-Year Comparison

	2022	2021	Change
Revenue	$528,306	$512,223	+0.0%
Expenses	$457,792	$432,243	+0.1%
Net Income	$70,514	$79,980	-0.1%

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

N/A

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

$317,442

Total Directors

$1,307,770

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN SMITH	DIRECTOR	0.00	Director	$0	$29,417	$228,064
MARCIA SMITH	DIRECTOR	0.00	Director	$0	$29,417	$228,064
COLLEEN RILEY	DIRECTOR	0.00	Director	$0	$32,694	$222,625
DOUGLAS RILEY	PRESIDENT	0.00	Officer Director	$0	$32,694	$222,625
KELLY PONTSLER	TREASURER	1.00	Officer Director	$0	$46,038	$94,817
GENEVERA VINCENT	DIRECTOR	0.00	Director	$0	$38,167	$84,056
EDDIE VINCENT	VP	0.00	Director	$0	$38,167	$84,056
PHILIP LUM	DIRECTOR	0.00	Director	$0	$29,288	$72,728
DEBBIE LUM	DIRECTOR	0.00	Director	$0	$29,288	$70,735
KENNETH HODDER	CHAIRMAN	0.00	Officer 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	$528,306	$457,792	$1,312,722	$70,514
2022	$512,223	$432,243	$1,318,272	$79,980
2021	$526,222	$453,064	$1,325,467	$73,158
2020	$516,566	$475,740	$1,348,425	$40,826
2019	$509,655	$476,389	$1,391,530	$33,266
2018	$499,322	$474,998	$1,421,251	$24,324

THE SALVATION ARMY COLORADO SPRINGS RES INC