GARFIELD COUNTY SENIOR HOUSING CORPORATION (EIN 742244027) - 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

1981

Legal Domicile

Principal Officer

PAUL CARLSON

Phone

9709459234

Tax Period

2023-07-01 to 2024-06-30

GARFIELD COUNTY SENIOR HOUSING CORPORATION, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $563K in total revenue in fiscal year 2023.

Mission

TO PROVIDED AFFORDABLE RENTAL HOUSING TO SENIOR CITIZENS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $253,670

Program Service Revenue $308,120

Investment Income $1,050

Other Revenue $0

TOTAL REVENUE $562,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,945

Fundraising Expenses $0

Program Expenses $535,862

Other Expenses $488,046

TOTAL EXPENSES $582,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$562,840	$543,083	+0.0%
Expenses	$582,991	$589,433	0.0%
Net Income	$-20,151	$-46,350	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE ASHINHURST	BOARD MEMBER	N/A	Director	$0	$0	$0
CHERYL CAIN	BOARD MEMBER	N/A	Director	$0	$0	$0
PAUL CARLSON	PRESIDENT	N/A	Director	$0	$0	$0
CJ GREDIG	BOARD MEMBER	N/A	Director	$0	$0	$0
KEN MELBY	TREASURER	N/A	Director	$0	$0	$0
KARL SCHWARTZ	SECRETARY	N/A	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
2025	No data	No data	No data	No data
2024	$562,840	$582,991	$765,478	$-20,151
2023	$543,083	$589,433	$856,569	$-46,350
2022	$497,928	$535,768	$944,405	$-37,840
2021	$495,181	$530,774	$1,034,979	$-35,593
2020	$520,900	$539,973	$1,113,771	$-19,073
2018	$494,249	$525,463	$1,105,991	$-31,214

GARFIELD COUNTY SENIOR HOUSING CORPORATION