THE SALVATION ARMY COLORADO SPRINGS RESIDENCES II (EIN 911945542) - 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

1999

Legal Domicile

Principal Officer

DOUGLAS RILEY

Phone

5624918775

Tax Period

2024-10-01 to 2025-09-30

THE SALVATION ARMY COLORADO SPRINGS RESIDENCES II, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $457K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $539K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE SALVATION ARMY COLORADO SPRINGS II RESIDENCES INC IS A NON-PROFIT APARTMENT COMPLEX THAT PROVIDES SUBSIDIZED HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED PERSONS.

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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 $232,694

Program Service Revenue $205,044

Investment Income $19,211

Other Revenue $0

TOTAL REVENUE $456,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,050

Fundraising Expenses $0

Program Expenses $489,935

Other Expenses $396,669

TOTAL EXPENSES $538,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$456,949	$391,045	+0.2%
Expenses	$538,719	$463,554	+0.2%
Net Income	$-81,770	$-72,509	+0.1%

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

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

$311,202

Total Directors

$1,036,822

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP LUM	DIRECTOR	1.00	Director	$0	$29,460	$188,620
DEBBIE LUM	DIRECTOR	1.00	Director	$0	$29,460	$177,370
DOUGLAS RILEY	PRESIDENT	1.00	Officer Director	$0	$31,929	$109,814
COLLEEN RILEY	DIRECTOR	1.00	Director	$0	$31,929	$107,050
KELLY PONTSLER	TREASURER	1.00	Officer Director	$0	$46,150	$106,195
GENEVERA VINCENT	DIRECTOR	1.00	Director	$0	$38,491	$95,193
EDDIE VINCENT	VP	1.00	Officer Director	$0	$38,491	$95,193
JENNIFER WILD	DIRECTOR	1.00	Director	$0	$27,585	$78,694
IVAN WILD	DIRECTOR	1.00	Director	$0	$27,585	$78,693
MERLE HEATWOLE	CHAIRMAN	0.00	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
2025	$456,949	$538,719	$2,136,510	$-81,770
2024	No data	No data	No data	No data
2023	$358,927	$483,532	$2,266,740	$-124,605
2022	$370,772	$431,243	$2,381,710	$-60,471
2021	$367,966	$433,350	$2,444,015	$-65,384
2020	$364,894	$431,520	$2,518,295	$-66,626
2019	$369,341	$430,036	$2,593,356	$-60,695
2018	$354,144	$417,209	$2,647,777	$-63,065

THE SALVATION ARMY COLORADO SPRINGS RESIDENCES II