Somerset Senior Living at Canyon Springs (EIN 823440835) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

David Black

Phone

5013628137

Tax Period

2025-01-01 to 2025-09-30

CANYON - PROGRESSIVE ELDERCARE SERVICES INC, founded in 2017, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2018. Revenue surged 8389% from the prior year, signaling strong growth momentum. Expenses of $6.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO FACILITATE COMPASSIONATE HEALTH CARE THAT IS DESIGNED TO MEET THE PHYSICAL, SOCIAL, RECREATIONAL,HEALTH CARE, AND TRANSPORTATION SPECIAL NEEDS OF THE ELDERLY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $16,310

Other Revenue $533,216

TOTAL REVENUE $549,526

Expense Breakdown

Grants Paid $580,954

Salaries & Benefits $2,273

Fundraising Expenses $0

Program Expenses $580,954

Other Expenses $40,941

TOTAL EXPENSES $624,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$549,526	$796,564	-0.3%
Expenses	$624,168	$372,071	+0.7%
Net Income	$-74,642	$424,493	-1.2%

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

$153,700

Total Directors

$153,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Black	Member Rep	2.00	Officer Director	$0	$0	$153,700
Teresa Milroy	Director	1.00	Director	$0	$0	$0
Cecelia Nichols	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	$549,526	$624,168	No data	$-74,642
2024	No data	No data	No data	No data
2023	$796,564	$372,071	$1,232,772	$424,493
2022	$1,999,107	$1,652,039	$982,559	$347,068
2021	$6,716,773	$6,139,316	$1,535,346	$577,457
2020	$7,784,494	$6,660,855	$1,595,717	$1,123,639
2018	$6,185,457	$6,940,010	$1,085,858	$-754,553

Somerset Senior Living at Canyon Springs