RIO CONCHO INC (EIN 751555161) - 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

1977

Legal Domicile

Principal Officer

ELISABETH ELSASS

Phone

3256559046

Tax Period

2023-01-01 to 2023-12-31

RIO CONCHO INC, founded in 1977, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Expenses of $6.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDE HOUSING FOR PERSONS 62 YEARS AND OLDER THROUGH APARTMENT RENTALS AND LIFETIME LEASES.

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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 $4,243

Program Service Revenue $5,379,343

Investment Income $181,133

Other Revenue $-487,229

TOTAL REVENUE $5,077,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,580,646

Fundraising Expenses $0

Program Expenses $5,572,684

Other Expenses $4,413,440

TOTAL EXPENSES $5,994,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,077,490	$5,050,550	+0.0%
Expenses	$5,994,086	$5,662,956	+0.1%
Net Income	$-916,596	$-612,406	+0.5%

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

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

$106,456

Total Directors

$106,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISABETH ELSASS	EXECUTIVE DIR.	40.00	Officer Director	$103,281	$3,175	$106,456
SANDY SPEED	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRI BALENTINE-TIPTON	TREASURER	1.00	Officer Director	$0	$0	$0
PAULA DOWLER	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY BOWEN	TRUSTEE	1.00	Director	$0	$0	$0
JOYCE SNEED	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAT MALLOY	TRUSTEE	1.00	Director	$0	$0	$0
TOM ABBOTT	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE MERRILL	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN PRINCE	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL ORTEGA	TRUSTEE	1.00	Director	$0	$0	$0
RAUL LOPEZ	TRUSTEE	1.00	Director	$0	$0	$0
WILSON STOKES	TRUSTEE	1.00	Director	$0	$0	$0
DALLAS SWAFFORD	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINA ZITTING	TRUSTEE	1.00	Director	$0	$0	$0
JIM VON GONTEN	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$5,077,490	$5,994,086	$19,501,688	$-916,596
2022	$5,050,550	$5,662,956	$20,008,334	$-612,406
2021	$5,086,474	$5,195,270	$21,745,717	$-108,796
2020	$5,050,179	$5,016,813	$22,335,254	$33,366
2019	$4,962,107	$5,196,802	$22,806,991	$-234,695
2018	$4,957,503	$5,300,236	$23,610,426	$-342,733

RIO CONCHO INC