BENET HILL MONASTERY OF COLORADO SPRINGS INC (EIN 840523354) - 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

1963

Legal Domicile

Principal Officer

SISTER MARIE THERESE SUMM

Phone

7196330655

Tax Period

2023-01-01 to 2023-12-31

BENET HILL MONASTERY OF COLORADO SPRINGS INC, founded in 1963, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

BENET HILL MONASTERY IS A CONTEMPORARY BENEDICTINE MONASTERY OF WOMEN IN THE ROMAN CATHOLIC CHURCH. WE PROVIDE SACRED SPACE OF HOSPITALITY AND THE USE OF OUR HUMAN AND MATERIAL RESOURCES IN EDUCATION, SPIRITUALITY AND OTHER VIABLE MINISTRIES. THE MONASTERY IS HOME TO THE BENEDICTINE SISTERS, BENEDICTINE SPIRITUALITY CENTER AND RETREAT MINISTRY.

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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 $1,032,249

Program Service Revenue $237,384

Investment Income $113,357

Other Revenue $81,709

TOTAL REVENUE $1,464,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,853

Fundraising Expenses $0

Program Expenses $1,411,377

Other Expenses $1,058,748

TOTAL EXPENSES $1,747,601

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,464,699	$2,706,657	-0.5%
Expenses	$1,747,601	$1,815,401	0.0%
Net Income	$-282,902	$891,256	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SISTER CLAIRE CARR	VICE-PRESIDENT	40.00	Officer Director	$0	$0	$0
SISTER JAN GINZKEY	SECRETARY	20.00	Officer Director	$0	$0	$0
SISTER MARIE THERESE SUMMERS	PRESIDENT	40.00	Officer Director	$0	$0	$0
SISTER ANNE MADELEINE BROST	TREASURER	40.00	Officer 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	$1,464,699	$1,747,601	$15,709,307	$-282,902
2022	$2,706,657	$1,815,401	$13,543,729	$891,256
2021	$1,635,963	$1,669,887	$12,514,181	$-33,924
2020	$1,303,313	$1,726,609	$12,058,256	$-423,296
2019	$1,255,230	$2,065,299	$12,172,093	$-810,069
2018	$1,138,186	$2,089,658	$12,093,704	$-951,472

BENET HILL MONASTERY OF COLORADO SPRINGS INC