Nursing and Therapy Services of Colorado

EIN: 841554677 501(c)(3) Health Care

Colorado Springs, CO

Total Revenue
$20,446,505
Total Expenses
$17,813,965
Total Assets
$14,152,677
Net Assets
$10,875,400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CO
Principal Officer
Kim Ivy
Phone
7195745562
Tax Period
2023-01-01 to 2023-12-31

Nursing and Therapy Services of Colorado, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $20.4M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $17.8M left a modest 13% surplus.

Mission

Empowering every age at every stage.

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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 $5,034,579
Program Service Revenue $15,441,798
Investment Income $-30,741
Other Revenue $869
TOTAL REVENUE $20,446,505

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,171,131
Fundraising Expenses $0
Program Expenses $14,468,081
Other Expenses $1,642,834
TOTAL EXPENSES $17,813,965

Year-over-Year Comparison

2023 2022 Change
Revenue $20,446,505 $15,177,380 +0.3%
Expenses $17,813,965 $17,343,186 +0.0%
Net Income $2,632,540 $-2,165,806 -2.2%
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

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Governance

Voting Members
6
Independent Members
4
Employees
329
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
6
$325,732
Total Directors
9
$221,730
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cory Arcarese Chief Executive Officer 40.00
Officer
$169,337 $11,053 $180,390
Kim Ivy Vice President of Clinical 40.00
Highest
$147,171 $19,423 $166,594
Michael Saleeb Vice President of Finance 40.00
Officer
$137,168 $8,174 $145,342
Sally Wheeler Certified Nurse Aid 92.50
Highest
$130,416 $7,340 $137,756
Hannah Beckham Home Health CNA 1.00
Highest
$127,342 $0 $127,342
Sheila Williams Member 1.00
Director
$122,397 $5,432 $127,829
Kristin Waldrop Director of Compliance 1.00
Highest
$120,365 $32,737 $153,102
Kerry Wright PT Therapist Home Health 1.00
Highest
$119,972 $6,235 $126,207
Edwina Woelfel Board Member 1.00
Director
$93,901 $0 $93,901
Megan Schafer Board Chair 1.00
Officer Director
$0 $0 $0
Derek Kirkham Board Chair (through May 2023) 1.00
Officer Director
$0 $0 $0
Lisa Humberd Vice-chair 1.00
Officer Director
$0 $0 $0
Steffani Baker Secretary 1.00
Officer Director
$0 $0 $0
Rachel Lake Member (through March 2023) 1.00
Director
$0 $0 $0
Chris Robinson Member 1.00
Director
$0 $0 $0
Melissa Surface Board Member (through July 2023) 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 No data No data No data No data
2024 No data No data No data No data
2023 $20,446,505 $17,813,965 $14,152,677 $2,632,540
2022 $15,177,380 $17,343,186 $10,750,627 $-2,165,806
2021 $16,653,136 $16,905,037 $12,104,479 $-251,901
2020 $19,118,178 $17,550,338 $49,380,210 $1,567,840
2019 $19,365,576 $18,191,715 $44,464,566 $1,173,861
2018 $19,211,389 $17,395,141 $38,893,810 $1,816,248
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