GUNNISON HOME ASSOCIATION INC

EIN: 810357850 501(c)(3) Health Care

GUNNISON, CO

Total Revenue
$450,914
Total Expenses
$258,716
Total Assets
$2,488,669
Net Assets
$2,488,669
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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
1973
Legal Domicile
CO
Principal Officer
DON CROSBY
Phone
9706412334
Tax Period
2023-01-01 to 2023-12-31

GUNNISON HOME ASSOCIATION INC, founded in 1973, is a small nonprofit in the Health Care sector that reported $451K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 43% operating margin.

Mission

HOUSING AND CARE FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $182,402
Investment Income $57,247
Other Revenue $211,265
TOTAL REVENUE $450,914

Expense Breakdown

Grants Paid $51,745
Salaries & Benefits $33,334
Fundraising Expenses $0
Program Expenses $253,331
Other Expenses $173,637
TOTAL EXPENSES $258,716

Year-over-Year Comparison

2023 2022 Change
Revenue $450,914 $355,948 +0.3%
Expenses $258,716 $175,469 +0.5%
Net Income $192,198 $180,479 +0.1%
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
7
Independent Members
7
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
3
$7,200
Total Directors
7
$7,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON CROSBY PRESIDENT 10.00
Officer Director
$0 $0 $0
ANNE MILLER MEMBER 1.00
Director
$0 $0 $0
LINDA REES MEMBER 1.00
Director
$0 $0 $0
MARY HUDSON MEMBER 4.00
Director
$0 $0 $0
ROGENE MCKIERNAN MEMBER 1.00
Director
$0 $0 $0
WILLIAM KNOWLES MEMBER 1.00
Officer Director
$0 $0 $0
DEBORAH MCVEY SECRETARY 4.00
Officer Director
$7,200 $0 $7,200
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 $450,914 $258,716 $2,488,669 $192,198
2022 $355,948 $175,469 $2,296,471 $180,479
2021 $285,571 $183,077 $2,116,057 $102,494
2020 $154,118 $107,715 $2,013,561 $46,403
2019 $241,149 $109,622 $1,924,289 $131,527
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