RIO CONCHO INC

EIN: 751555161 501(c)(3)

SAN ANGELO, TX

Total Revenue
$5,077,490
Total Expenses
$5,994,086
Total Assets
$19,501,688
Net Assets
$2,964,328
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
TX
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

THE MISSION OF RIO CONCHO, INC. IS TO PROVIDE HOUSING FOR PERSONS 62 YEARS OF AGE AND OLDER THROUGH APARTMENT RENTALS AND LIFETIME LEASES OF PATIO HOMES.

Program Service Accomplishments

Program 1
Expenses: $5,572,684 Revenue: $1,195,323

PROVIDING HOUSING FOR PERSONS 62 YEARS OF AGE AND OLDER THROUGH APARTMENT RENTALS AND LIFETIME LEASES OF PATIO HOMES.

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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 (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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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
56
Volunteers
15

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
5
$106,456
Total Directors
16
$106,456
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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