CANYON COVE SENIORS INC

EIN: 742380723 501(c)(3) Housing & Shelter

MIDVALE, UT

Total Revenue
$306,697
Total Expenses
$358,920
Total Assets
$1,377,610
Net Assets
$253,258
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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
1985
Legal Domicile
UT
Principal Officer
Joyce Rigby
Phone
8013161145
Tax Period
2024-01-01 to 2024-12-31

CANYON COVE SENIORS INC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $307K in total revenue in fiscal year 2024. Expenses of $359K exceeded revenue, resulting in a 17% operating deficit.

Mission

Low income housing for the elderly.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $301,209
Investment Income $5,488
Other Revenue $0
TOTAL REVENUE $306,697

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $273,833
Other Expenses $358,920
TOTAL EXPENSES $358,920

Year-over-Year Comparison

2024 2023 Change
Revenue $306,697 $289,519 +0.1%
Expenses $358,920 $268,006 +0.3%
Net Income $-52,223 $21,513 -3.4%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joyce Rigby President 0.00
Officer
$0 $0 $0
Kathy Schulz Vice President 0.00
Officer
$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 $306,697 $358,920 $1,377,610 $-52,223
2023 $289,519 $268,006 $1,436,771 $21,513
2022 $283,431 $233,657 $556,775 $49,774
2021 $273,873 $272,865 $576,118 $1,008
2020 $274,562 $235,051 $607,287 $39,511
2019 $272,947 $236,934 $637,649 $36,013
2018 $264,217 $247,033 $639,061 $17,184
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