Interfaith Hospitality Network of Colorado Springs

EIN: 841366832 501(c)(3) Human Services

Colorado Springs, CO

Total Revenue
$909,685
Total Expenses
$725,400
Total Assets
$654,734
Net Assets
$556,102
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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
1996
Legal Domicile
CO
Principal Officer
Tim Close
Phone
7193291244
Tax Period
2023-10-01 to 2024-09-30

Interfaith Hospitality Network of Colorado Springs, founded in 1996, is a small nonprofit in the Human Services sector that reported $910K in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $184K, a strong 20% operating margin.

Mission

Assistance for homeless families

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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 $915,287
Program Service Revenue $0
Investment Income $10,607
Other Revenue $-16,209
TOTAL REVENUE $909,685

Expense Breakdown

Grants Paid $0
Salaries & Benefits $301,293
Fundraising Expenses $66,970
Program Expenses $536,890
Other Expenses $424,107
TOTAL EXPENSES $725,400

Year-over-Year Comparison

2023 2022 Change
Revenue $909,685 $458,149 +1.0%
Expenses $725,400 $446,133 +0.6%
Net Income $184,285 $12,016 +14.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
11
Volunteers
605

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
6
$66,304
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carrie West Board President 1.00
Officer Director
$0 $0 $0
Allegra Hentry Board Member 1.00
Director
$0 $0 $0
Carl Stecker Board Member 1.00
Director
$0 $0 $0
Sandra Kirby Board Member 1.00
Director
$0 $0 $0
Latoya Plunkett Board Member 1.00
Director
$0 $0 $0
Jerry White Board Member 1.00
Director
$0 $0 $0
Dorothy Horton Board Member 1.00
Director
$0 $0 $0
Stephanie Niblock Treasurer, Board Member 1.00
Officer Director
$0 $0 $0
Andrea Grebas Executive Director 40.00
Officer
$6,267 $0 $6,267
Ralph Patrick Executive Director 40.00
Officer
$24,248 $0 $24,248
Michael Royal Interim Executive Director 40.00
Officer
$27,749 $0 $27,749
Jennifer Phillips Executive Director 40.00
Officer
$8,040 $0 $8,040
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 $909,685 $725,400 $654,734 $184,285
2023 $458,149 $446,133 $407,185 $12,016
2022 $1,068,513 $1,057,909 $368,555 $10,604
2021 $1,413,360 $1,442,205 $529,555 $-28,845
2020 $1,120,510 $956,111 $593,159 $164,399
2019 $613,960 $551,001 $402,534 $62,959
2018 $530,338 $453,424 $269,152 $76,914
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