CANYON COVE SENIORS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $273,833

A HUD insured housing project providing subsidized housing for low income elderly and handicapped persons under Section 202 of the National Housing Act of 1959. Approx. 22 individuals were benefited...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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