Annunciation Heights

Nonprofit profile at a glance

EIN
823745326
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Denver, CO, USA
Phone
9705865689
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Affiliation
Christianity

Reported finances

Revenue
$1,582,147
Expenses
$2,975,977
Assets
$6,309,977
Liabilities
$15,377,026

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • KEITH PARSONS (PRESIDENT)

Highest reported compensation

  • NATHAN GLASSMAN FROM 012024 (EXE. DIRECTO): $118,628 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Annunciation heights is a catholic youth and family camp nestled at the base of longs peak in the heart of Colorado's majestic rocky mountains. We seek to glorify god by leading our guests into the depth and mystery of a personal friendship with jesus and his church, under the patronage of mary, our goal is to awaken and restore the hearts of catholics to the joy of knowing and living the catholic christian life. Annunciation heights provides a mountain location for youth, young adults, and families to camp and retreat. The goal of the organization is to allow our guests a place to grow in their relationship with god, themselves, each other and creation. We do this by offering a variety of camping, retreat, and outdoor education programs for primary, middle school, high school and college students throughout the year. In the summer, we offer family camps and camps for boys and girls. We also host various group retreats on weekends year-round.

What it reported doing in 2024

During 2025, we closed our year on april 30, 2025 instead of june 30, 2025 so that we could record our summer activity in the same fiscal year. As a result, the fy2025 year runs from july 1, 2024 to april 30, 2025. For our youth and family camp programing, revenue totaled 254,164 while expenses were 198,379. Guest group revenue totaled 351,774 while incurring direct expenses of 30,914. Our outdoor education program experienced 283,366 in revenue and 80,867 in expenses. Many of our expenses are not directly allocated to our program services since they are shared across various programs. Therefore, our total revenue was 1,437,220 while our total expenses were 2,975,747.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.3%; rating input score 90
  • Fundraising efficiency: $5.64 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -88.1%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 2.12; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 2.44; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 19.4% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 19.9% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.7M in reported program spending
  • Leadership: top reported pay $119K · 12 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 21/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 55/100.