Senior Resource Services
Senior Resource Services operates with no officer compensation but has faced recent operating deficits.
EIN: 204429783 · Greeley, CO · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $507K |
| Total Expenses | $342K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $507,272 |
| Net Assets | $185K |
| Transparency Score | 85/100 |
Is Senior Resource Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Senior Resource Services directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Senior Resource Services
Senior Resource Services (EIN: 204429783) is a nonprofit organization based in Greeley, CO, classified under NTEE code P50. The organization reported total revenue of $507K and total assets of $260K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Senior Resource Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Senior Resource Services is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $327K |
| Total Expenses | $342K |
| Surplus / Deficit | $-15,044 |
| Total Assets | $206K |
| Total Liabilities | $21K |
| Net Assets | $185K |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2023, Senior Resource Services reported a deficit of $15K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Senior Resource Services's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.8% | +2.0% | +0.7% |
| 2022 | -35.6% | +2.6% | -32.7% |
| 2021 | +5.7% | +21.2% | +10.1% |
| 2020 | +47.0% | -6.8% | +56.6% |
| 2019 | +3.3% | +9.0% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Senior Resource Services with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Senior Resource Services allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either uncompensated volunteers or compensated through mechanisms not classified as officer compensation on the 990, which is highly efficient for an organization of its size (latest revenue $507,272).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Senior Resource Services's IRS 990 filings:
- Operating deficits in recent years (e.g., 2022 and 2023 expenses exceeded revenue)
- Decrease in assets from 2021 high ($303,475) to 2023 ($205,760)
Strengths
The following positive indicators were identified for Senior Resource Services:
- Consistent 0% officer compensation, indicating high efficiency and dedication
- Strong program focus (NTEE P50 - Services for the Elderly)
- Long history of IRS 990 filings (13 filings), demonstrating transparency
- Overall asset growth over the past decade (from $195,995 in 2014 to $205,760 in 2023)
Frequently Asked Questions about Senior Resource Services
Is Senior Resource Services a legitimate charity?
Senior Resource Services (EIN: 204429783) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $507K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Senior Resource Services spend its money?
Senior Resource Services directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Senior Resource Services tax-deductible?
Senior Resource Services is registered as a tax-exempt nonprofit (EIN: 204429783). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Senior Resource Services CEO make?
Senior Resource Services's highest-compensated officer earns $507,272 annually. The organization reported $507K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Senior Resource Services's spending goes to programs?
Senior Resource Services directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Senior Resource Services compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Senior Resource Services is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Senior Resource Services located?
Senior Resource Services is headquartered in Greeley, Colorado and files with the IRS under EIN 204429783. It is classified under NTEE code P50.
How many years of IRS 990 filings does Senior Resource Services have?
Senior Resource Services has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $507K in total revenue.
Is Senior Resource Services a good charity?
Based on the available data, Senior Resource Services appears to be a good charity, particularly due to its strong program focus and extremely low administrative overhead, evidenced by 0% officer compensation. However, recent operating deficits (e.g., $341,830 expenses vs. $326,786 revenue in 2023) suggest a need for improved fundraising or cost management to ensure long-term sustainability.
How does Senior Resource Services manage to have 0% officer compensation?
The IRS 990 filings consistently report 0% officer compensation. This typically means that the organization's top executives are either volunteers, or their compensation is categorized differently (e.g., as program staff salaries if they also deliver services) and not reported in the 'officer compensation' section. This is a significant indicator of efficiency.
What is the trend in Senior Resource Services' financial health?
While the organization has shown long-term asset growth, recent years (2022 and 2023) have seen expenses exceed revenues, leading to operating deficits. For example, in 2022, expenses were $335,097 against revenues of $242,472, and in 2023, expenses were $341,830 against revenues of $326,786. This trend suggests a need to address financial sustainability.
Filing History
IRS 990 filing history for Senior Resource Services showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Senior Resource Services's revenue has grown by 380.5%, moving from $68K to $327K. Total assets increased by 69.9% over the same period, from $121K to $206K. Total functional expenses rose by 354.8%, from $75K to $342K. In its most recent filing year (2023), Senior Resource Services reported a deficit of $15K, with expenses exceeding revenue. The organization holds $21K in liabilities against $206K in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $185K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $327K | $342K | $206K | $21K | — | — |
| 2022 | $242K | $335K | $204K | $8K | — | View 990 |
| 2021 | $377K | $326K | $303K | $15K | — | View 990 |
| 2020 | $356K | $269K | $276K | $5K | — | View 990 |
| 2019 | $242K | $289K | $176K | $25K | — | View 990 |
| 2018 | $235K | $265K | $192K | $4K | — | View 990 |
| 2017 | $223K | $228K | $221K | $3K | — | View 990 |
| 2016 | $185K | $172K | $230K | $6K | — | View 990 |
| 2015 | $164K | $147K | $209K | $15K | — | View 990 |
| 2014 | $141K | $111K | $196K | $18K | — | View 990 |
| 2013 | $130K | $103K | $159K | $3K | — | View 990 |
| 2012 | $100K | $91K | $134K | $5K | — | View 990 |
| 2011 | $68K | $75K | $121K | $567 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $327K, expenses of $342K, and assets of $206K (revenue +34.8% year-over-year).
- 2022: Revenue of $242K, expenses of $335K, and assets of $204K (revenue -35.6% year-over-year).
- 2021: Revenue of $377K, expenses of $326K, and assets of $303K (revenue +5.7% year-over-year).
- 2020: Revenue of $356K, expenses of $269K, and assets of $276K (revenue +47.0% year-over-year).
- 2019: Revenue of $242K, expenses of $289K, and assets of $176K (revenue +3.3% year-over-year).
- 2018: Revenue of $235K, expenses of $265K, and assets of $192K (revenue +5.4% year-over-year).
- 2017: Revenue of $223K, expenses of $228K, and assets of $221K (revenue +20.5% year-over-year).
- 2016: Revenue of $185K, expenses of $172K, and assets of $230K (revenue +12.9% year-over-year).
- 2015: Revenue of $164K, expenses of $147K, and assets of $209K (revenue +16.1% year-over-year).
- 2014: Revenue of $141K, expenses of $111K, and assets of $196K (revenue +8.2% year-over-year).
- 2013: Revenue of $130K, expenses of $103K, and assets of $159K (revenue +30.9% year-over-year).
- 2012: Revenue of $100K, expenses of $91K, and assets of $134K (revenue +46.4% year-over-year).
- 2011: Revenue of $68K, expenses of $75K, and assets of $121K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Senior Resource Services:
Data Sources and Methodology
This transparency report for Senior Resource Services is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.