THE SALVATION ARMY DENVER RESIDENCE INC (EIN 330448066) - 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

Tax Period

2022-10-01 to 2023-09-30

THE SALVATION ARMY DENVER RESIDENCE INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $526K in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $1.7M represent 39 months of operating reserves.

Mission

THE SALVATION ARMY DENVER RESIDENCES INC. IS A NON-PROFIT 56 UNIT APARTMENT COMPLEX THAT PROVIDED 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 $225,751

Program Service Revenue $281,348

Investment Income $18,568

Other Revenue $0

TOTAL REVENUE $525,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,433

Fundraising Expenses $0

Program Expenses $468,304

Other Expenses $403,624

TOTAL EXPENSES $534,057

Year-over-Year Comparison

	2022	2021	Change
Revenue	$525,667	$481,856	+0.1%
Expenses	$534,057	$506,054	+0.1%
Net Income	$-8,390	$-24,198	-0.7%

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

$401,498

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	Officer 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
2024	No data	No data	No data	No data
2023	$525,667	$534,057	$1,737,766	$-8,390
2022	$481,856	$506,054	$1,750,661	$-24,198
2021	$477,638	$533,226	$1,773,458	$-55,588
2020	$489,070	$503,307	$1,830,190	$-14,237
2019	$456,279	$480,950	$1,854,829	$-24,671
2018	$443,374	$505,892	$1,894,507	$-62,518

THE SALVATION ARMY DENVER RESIDENCE INC