RED DOOR HOUSE CORPORATION

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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

Principal Officer

MITCH CHRIST

Phone

3039166199

Tax Period

2024-07-01 to 2025-06-30

RED DOOR HOUSE CORPORATION, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $610K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $101K, a strong 17% operating margin.

Mission

THE RED DOOR HOUSE CORPORATION SUPPORTS COLORADO STATE UNIVERSITY UNDERGRADUATE STUDENT MEMBERS OF THE CORPORATION WITH HIGH QUALITY HOUSING AND A RESIDENTIAL LEARNING COMMUNITY. PROGRAM OPERATIONS INCLUDE COLLECTING RENT FROM MEMBERS OF (CONTINUED ON SCHEDULE O) THE CORPORATION, INVESTING ACTIVITIES AND BUILDING ASSETS TO REINVEST IN STUDENT HOUSING AND EDUCATIONAL FACILITIES, SECURING FINANCING, COMPLETING INCREMENTAL PROPERTY IMPROVEMENTS, AND MAJOR PROPERTY RENOVATIONS TO PROVIDE HOUSING AND FACILITIES THAT ALIGN WITH THE COLORADO STATE UNIVERSITY EDUCATIONAL MISSION.

Program Service Accomplishments

Program 1

THE RED DOOR HOUSE CORPORATION SUPPORTS COLORADO STATE UNIVERSITY UNDERGRADUATE STUDENT MEMBERS OF THE CORPORATION WITH HIGH QUALITY HOUSING AND A RESIDENTIAL LEARNING COMMUNITY. PROGRAM OPERATIONS INCLUDE COLLECTING RENT FROM MEMBERS OF THE CORPORATION, INVESTING ACTIVITIES AND BUILDING ASSETS TO REINVEST IN STUDENT HOUSING AND EDUCATIONAL FACILITIES, SECURING FINANCING, COMPLETING INCREMENTAL PROPERTY IMPROVEMENTS, AND MAJOR PROPERTY RENOVATIONS TO PROVIDE HOUSING AND FACILITIES THAT ALIGN WITH THE COLORADO STATE UNIVERSITY EDUCATIONAL MISSION.

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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 $0

Program Service Revenue $608,131

Investment Income $2,301

Other Revenue $0

TOTAL REVENUE $610,432

Expense Breakdown

Grants Paid $18,470

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $490,786

TOTAL EXPENSES $509,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$610,432	$562,757	+0.1%
Expenses	$509,256	$508,857	+0.0%
Net Income	$101,176	$53,900	+0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN REAGAN	PRESIDENT	8.00	Officer Director	$0	$0	$0
MICTCH CHRIST	TREASURER	8.00	Officer Director	$0	$0	$0
STEVE FRY	SECRETARY	2.00	Officer Director	$0	$0	$0
TODD DONAVAN	DIRECTOR/FACULTY FELLOW	4.00	Director	$0	$0	$0
RYAN GARTHWRIGHT	CHAPTER COUNSELOR	4.00	Director	$0	$0	$0
DOUG BRADEN	DIRECTOR	1.00	Director	$0	$0	$0
BRENDEN BEAVER	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON COURTER	DIRECTOR	1.00	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	$610,432	$509,256	$2,405,033	$101,176
2024	$562,757	$508,857	$2,390,348	$53,900
2023	$448,394	$495,425	$2,388,175	$-47,031
2022	$410,686	$448,810	$2,504,065	$-38,124
2020	$156,950	$364,266	$2,623,399	$-207,316
2019	$326,180	$346,425	$2,688,218	$-20,245