SUN HEALTH COLONNADE

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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

Phone

6232363700

Tax Period

2024-07-01 to 2025-06-30

SUN HEALTH COLONNADE, founded in 2011, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.0M in total revenue in fiscal year 2024.

Mission

COLONNADE CHAMPIONS SUPERIOR HEALTH AND WELLBEING THROUGH PHILANTHROPY, INSPIRED LIVING AND WELLNESS PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $16,370,285 Revenue: $19,619,888

SUN HEALTH COLONNADE OPERATES A 218-RESIDENCE INDEPENDENT LIVING COMMUNITY AND A 50-UNIT ASSISTED LIVING AND MEMORY SUPPORT BUILDING. DESIGN OF A MASTER PLAN TO DEVELOP ADDITIONAL HOMES AND HEALTH...

SUN HEALTH COLONNADE OPERATES A 218-RESIDENCE INDEPENDENT LIVING COMMUNITY AND A 50-UNIT ASSISTED LIVING AND MEMORY SUPPORT BUILDING. DESIGN OF A MASTER PLAN TO DEVELOP ADDITIONAL HOMES AND HEALTH CARE SERVICES CONTINUES ON THE 34-ACRE CAMPUS UNDER A MASTER DEVELOPMENT PLAN. UNDER THIS MASTER PLAN, COLONNADE PLANS TO INCREASE THE CAPACITY OF THE ASSISTED LIVING/MEMORY SUPPORT BUILDING ONCE DEMAND FOR SERVICES EXCEEDS CURRENT CAPACITY. SEE SCHEDULE O FOR MORE INFORMATION.

Program 2

Expenses: $798,717 Revenue: $1,363,261

SUN HEALTH AT HOME, A LICENSED DIVISION OF COLONNADE, PROVIDES SELECTED LIFE CARE SERVICES TO MEMBERS IN THEIR PRIVATE HOMES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $95,909

Program Service Revenue $20,983,149

Investment Income $915,091

Other Revenue $0

TOTAL REVENUE $21,994,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,909,053

Fundraising Expenses $0

Program Expenses $17,169,002

Other Expenses $14,461,014

TOTAL EXPENSES $23,370,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,994,149	$20,730,895	+0.1%
Expenses	$23,370,067	$21,492,340	+0.1%
Net Income	$-1,375,918	$-761,445	+0.8%

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

266

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

$961,112

Total Directors

Key Employees

$1,376,630

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRENE KOVALA EDD	CHAIR	1.0	Officer Director	$0	$0	$0
LEW LANCASTER	TREASURER	1.0	Officer Director	$0	$0	$0
MARK REIFSTECK	SECRETARY	1.0	Officer Director	$0	$0	$0
NEAL HASKELL	VICE CHAIR	1.0	Officer Director	$0	$0	$0
GARY MARRER	DIRECTOR	0.5	Director	$0	$0	$0
GERALD SOLOMON	DIRECTOR	0.5	Director	$0	$0	$0
GREG GILSTRAP	DIRECTOR, EX-OFFICIO, SHF	0.5	Director	$0	$0	$0
HERMAN L ORCUTT	DIRECTOR	0.5	Director	$0	$0	$0
MARY CAVANAUGH-MARSH	DIRECTOR	0.5	Director	$0	$0	$0
REY RIVERA	DIRECTOR	0.5	Director	$0	$0	$0
RONALD J SYMIC	DIRECTOR	0.5	Director	$0	$0	$0
SHARON ORLOPP	DIRECTOR, EX-OFFICIO, SHF	0.5	Director	$0	$0	$0
SINTRA HOFFMAN	DIRECTOR	0.5	Director	$0	$0	$0
AMY RUNGE	CFO	2.0	Officer	$0	$39,489	$363,455
JOSEPH E LA RUE	PRESIDENT & CEO	2.0	Officer	$0	$25,146	$597,657
JOHN COUTURE	COO	2.0	Key Emp	$0	$59,108	$435,317
KIMBERLY THOMPSON	CHIEF EXPERIENCE OFFICER	2.0	Key Emp	$0	$58,289	$477,989
NORA HANNAH	CHIEF ENGAGEMENT OFFICER	2.0	Key Emp	$0	$28,309	$243,700
WENDY NORMAN	SVP HR G DEVELOPMENT	2.0	Key Emp	$0	$16,744	$219,624
EUGENE RAWLS	VICE PRESIDENT OF PROGRAM MANAGEMENT	2.0	Highest	$0	$14,812	$222,190
MEGAN WORD	VICE PRESIDENT OF MARKETING AND COMMUNICATIONS	2.0	Highest	$0	$22,359	$205,746
MICHELLE MARTINEZ	VP COMMUNITY OPS	2.0	Highest	$0	$11,268	$248,640
NEAL SMITH	VP OF FACILITIES & CONSTRUCTION MANAGEMENT	2.0	Highest	$0	$140	$198,189
SUZY PEEL	VICE PRESIDENT REAL ESTATE PLANNING AND DEVELOPMENT	2.0	Highest	$0	$23,568	$219,604

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
2025	$21,994,149	$23,370,067	$100,112,628	$-1,375,918
2024	$20,730,895	$21,492,340	$95,367,857	$-761,445
2023	$18,780,873	$19,257,586	$94,824,285	$-476,713
2022	$17,373,770	$17,012,222	$93,138,255	$361,548
2021	$16,072,885	$15,283,225	$94,057,593	$789,660
2020	$15,009,660	$14,197,466	$90,085,709	$812,194
2019	$13,555,333	$12,180,905	$85,611,903	$1,374,428