COLFAX HEALTH AND REHABILITATION CENTER INC (EIN 391039081) - 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

2010

Legal Domicile

Principal Officer

AMBER PARZYCK

Phone

7159623186

Tax Period

2022-01-01 to 2022-12-31

COLFAX HEALTH AND REHABILITATION CENTER INC, founded in 2010, is a community nonprofit in the Health Care sector that reported $3.8M in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $4.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE COMPREHENSIVE SHORT-TERM REHAB AS WELL AS LONG TERM CARE AND ASSISTED LIVING SERVICES.

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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 $58,892

Program Service Revenue $3,688,945

Investment Income $12

Other Revenue $8,744

TOTAL REVENUE $3,756,593

Expense Breakdown

Grants Paid $100

Salaries & Benefits $2,521,935

Fundraising Expenses $0

Program Expenses $3,858,009

Other Expenses $1,826,459

TOTAL EXPENSES $4,348,494

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,756,593	$4,891,394	-0.2%
Expenses	$4,348,494	$4,947,810	-0.1%
Net Income	$-591,901	$-56,416	+9.5%

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

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

$88,285

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEL GUNDERSON	PRESIDENT	1.00	Officer Director	$500	$0	$500
MARY ELLEN MATHEWS	VICE PRESIDENT	1.00	Officer Director	$500	$0	$500
STEVE COOK	DIRECTOR	1.00	Director	$500	$0	$500
DONNA JOHNSON	DIRECTOR	1.00	Director	$500	$0	$500
STACY WIGFIELD	DIRECTOR	1.00	Director	$500	$0	$500
KENZIE GALETKA	ADMINISTRATOR	40.00	Officer	$74,506	$12,779	$87,285

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
2022	$3,756,593	$4,348,494	$8,329,213	$-591,901
2021	$4,891,394	$4,947,810	$8,704,399	$-56,416
2020	$4,275,338	$4,602,146	$9,642,591	$-326,808
2019	$3,962,560	$4,415,271	$9,508,415	$-452,711
2018	$3,986,887	$4,503,582	$9,499,165	$-516,695

COLFAX HEALTH AND REHABILITATION CENTER INC