Nursing and Therapy Services of Colorado
Nonprofit profile at a glance
- EIN
- 841554677
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Colorado Springs, CO, USA
- Phone
- 7195745562
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Home Health Care
Reported finances
- Revenue
- $27,825,148
- Expenses
- $19,071,546
- Assets
- $23,781,061
- Liabilities
- $2,878,230
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Kim Ivy (CEO)
Highest reported compensation
- Kim Ivy (CEO): $215,584 total reported compensation
- Sheila Williams (Member/CNA (thru March 2025)): $178,575 total reported compensation
- Kristin Waldrop (Compliance Department): $167,348 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide compassionate, comprehensive, and accessible healthcare for individuals of all ages, fostering a healthier and brighter future for every child and adult in our community. Our vision is rooted in a commitment to providing patient-centered care that embraces diversity, fosters resilience, and promotes thriving individuals and communities. Through a commitment to continuous improvement, collaboration, and community engagement, we aim to empower individuals to live healthier, happier lives while realizing their fullest potential. Together, we're shaping a future where everyone can thrive, regardless of age or circumstance.
What it reported doing in 2025
Certified Nurse Aide Training Program: Training for parents of special needs children to allow them to be a paid CNA for their child. The program is also open to the general public and services nursing students, veterans, workforce training agencies, poverty relief agencies, and schools.
Operating model
- Revenue model
- Earned-program. 66% of the money available for current operations came from fees and other program revenue.
- 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 79
- Accountability: 95
- Sustainability: 63
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.4%; rating input score 55
- Program expense ratio: 85.2%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 64th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.5%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 1.25; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 6.6%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 2.2% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: -1.3% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 55.4% of revenue deployed · 85.2% of spending went to programs
- Governance: 4 of 4 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $16.2M in reported program spending
- Leadership: top reported pay $216K · 13 people listed · 3 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.