CARBONDALE SENIOR HOUSING CORPORATION (EIN 840913391) - 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

1983

Legal Domicile

Principal Officer

IAN BAYS

Phone

9709639326

Tax Period

2024-07-01 to 2025-06-30

CARBONDALE SENIOR HOUSING CORPORATION, founded in 1983, is a micro nonprofit in the Housing & Shelter sector that reported $47K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROMOTE AND FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING PRIMARILY FOR THE AVAILABILITY TO THE ELDERLY AND DISABLED OF THE CARBONDALE, COLORADO AREA AND TO ASSIST WITH THE APPLICATION AND ACQUISITION OF GRANTS, LOANS, AND OTHER FUNDING TO DEVELOP SUCH HOUSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $200

Program Service Revenue $44,671

Investment Income $2,242

Other Revenue $0

TOTAL REVENUE $47,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,931

Other Expenses $56,121

TOTAL EXPENSES $56,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,113	$65,702	-0.3%
Expenses	$56,121	$63,904	-0.1%
Net Income	$-9,008	$1,798	-6.0%

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

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

$115,335

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IAN BAYS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALYCE PERRY	DIRECTOR	1.00	Director	$0	$0	$0
KARYN SPIROPOULOS	SECRETARY	1.00	Officer Director	$0	$0	$0
BRAD ZIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE LAMONT	CHAIR PERSON	1.00	Officer Director	$0	$0	$0
RAMONA GRIFFITH	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN ROTHMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JERILYN NIESLANIK	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$115,335

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	$47,113	$56,121	$134,781	$-9,008
2024	$65,702	$63,904	$143,789	$1,798
2023	$47,556	$57,020	$141,991	$-9,464
2022	$676,917	$636,266	$151,455	$40,651
2021	$1,470,256	$1,504,378	$388,180	$-34,122
2020	$37,489	$31,947	$144,926	$5,542
2019	$35,240	$43,989	$139,384	$-8,749
2018	$32,710	$14,788	$148,133	$17,922

CARBONDALE SENIOR HOUSING CORPORATION