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Silver Key Senior Services

EIN 23-7109922 · Colorado Spgs, CO

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SILVER KEY SENIOR SERVICES SUPPORTS A HEALTHY QUALITY OF LIFE FOR SENIORS BY PROVIDING A COMPREHENSIVE WRAPAROUND MODEL OF NUTRITION, TRANSPORTATION, CASE MANAGEMENT, SOCIAL CONNECTION, AND EDUCATION SERVICES. (EXPANDED MISSION ON SCHEDULE O)IN PARTNERSHIP WITH STAKEHOLDERS AND VOLUNTEERS, SILVER KEY EMPOWERS SENIORS TO AGE IN PLACE SAFELY, WITH DIGNITY AND INDEPENDENCE, WHILE ADDRESSING BOTH IMMEDIATE AND LONG-TERM NEEDS THROUGH HOLISTIC AND COMPASSIONATE CARE.

Income
$12.7 million
Spending
$8.0 million
Spent on programs
91%
Reserves
13.1 months of spending
Largest source of income
government grants, 53%
Employees
100
Volunteers
557
Highest pay
$154,129, president & ceo

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 95% of charities in its peer group (human services, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 13.1 months of spending.

  • Debt

    20 of 20

    It owes 4% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 37% of income.

  • Income trend

    15 of 15

    Income rose 49% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 85 out of 100. Higher than 12% of charities in its peer group (human services, $10m to $100m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $3.2 million spent. SILVER KEY PROVIDES MULTIPLE NUTRITION PROGRAMS TO SUPPORT FOOD SECURITY AND SOCIAL CONNECTION AMONG SENIORS. DURING THE YEAR ENDED JUNE 30, 2024:- HOME DELIVERED MEALS AND MEALS ON WHEELS PROGRAMS DELIVERED 39,473 MEALS TO HOMEBOUND SENIORS.- 56,837 MEALS WERE SERVED AT 13 SILVER KEY CONNECTIONS CAFS, PROVIDING NUTRITIOUS MEALS AND FELLOWSHIP.- SILVER KEY'S FOOD PANTRY DISTRIBUTED 24,060 FOOD BOXES AND 783,222 POUNDS OF FOOD, HELPING OVER 1,600 CLIENTS MONTHLY, INCLUDING PARTICIPANTS IN CSFP AND TEFAP.
  2. $2.0 million spent. SILVER KEY RESERVE & RIDE PROVIDES ADA-ACCESSIBLE TRANSPORTATION FOR SENIORS ACROSS THE PIKES PEAK REGION. SERVICES SUPPORT TRIPS TO MEDICAL APPOINTMENTS, GROCERY STORES, COMMUNITY MEALS, AND SOCIAL OUTINGS. VEHICLES ACCOMMODATE MOBILITY AIDS INCLUDING WHEELCHAIRS AND WALKERS. DURING THE YEAR ENDING JUNE 30, 2024, 33,446 RIDES WERE PROVIDED. THE PROGRAM HELPS SENIORS REMAIN MOBILE AND INDEPENDENT, WITH OVER 18,478 MILES DRIVEN MONTHLY BY 17 STAFF AND 33 VOLUNTEER DRIVERS ACROSS A FLEET OF 51 VEHICLES.
  3. $1.7 million spent. SILVER KEY'S HEALTH & WELLNESS SERVICES INCLUDE CASE MANAGEMENT, BEHAVIORAL HEALTH COUNSELING, AND RESOURCE NAVIGATION. SERVICES ARE DESIGNED TO ASSESS AND SUPPORT SENIORS' INDEPENDENCE THROUGH COORDINATED REFERRALS AND FINANCIAL ASSISTANCE. DURING THE YEAR ENDED JUNE 30, 2024, 2,986 CLIENTS RECEIVED INDIVIDUALIZED CARE PLANS AND SUPPORT. THE SILVER LINE, SILVER KEY'S CALL CENTER, HANDLED OVER 30,368 CALLS, LINKING CLIENTS TO ESSENTIAL SERVICES. ADDITIONAL SERVICES INCLUDED DURABLE MEDICAL EQUIPMENT AND ADVANCED CARE PLANNING THROUGH THE FIVE WISHES PROGRAM.
  4. $338,747 spent. OTHER PROGRAM SERVICE ACTIVITIES:- SILVER KEY THRIFT STORES: COMMUNITY DONATIONS AND PURCHASES SUPPORT SILVER KEY'S MISSION. STORES ALSO DISTRIBUTE CLEAN, USED DURABLE MEDICAL EQUIPMENT. SALES TOTALED $292.980 DURING THE FISCAL YEAR.- VOLUNTEER SERVICES: 559 ACTIVE VOLUNTEERS CONTRIBUTED OVER 55,346 HOURS SUPPORTING MEALS, RIDES, COMPANIONSHIP, AND EVENTS.- SOCIAL CONNECTIONS & EDUCATION: NEARLY 9,041 VISITS WERE MADE TO SILVER KEY SENIOR CENTERS FOR FITNESS, HOBBY GROUPS, AND EDUCATIONAL WORKSHOPS. NEW OFFERINGS INCLUDED DIGITAL LITERACY SUPPORT AND CAREGIVER TRAINING.
  5. APARTMENTS:IN 2024, SILVER KEY PROUDLY ADVANCED ITS COMMITMENT TO AFFORDABLE SENIOR HOUSING BY INITIATING CONSTRUCTION ON THE NEW SILVER KEY APARTMENTS. THIS PROJECT MARKED A SIGNIFICANT MILESTONE IN EXPANDING SAFE, SUPPORTIVE LIVING OPTIONS FOR OLDER ADULTS IN OUR COMMUNITY. THROUGH DEDICATED COLLABORATION WITH CONTRACTORS, PROPERTY MANAGERS, AND COMMUNITY PARTNERS, CONSTRUCTION REMAINED ON SCHEDULE, AND THE LEASE-UP PROCESS PROGRESSED STEADILY THROUGHOUT 2024. BY DECEMBER 2024, ALL 50 UNITS WERE FULLY LEASED, SUCCESSFULLY MEETING OUR GOAL TO PROVIDE QUALITY HOUSING FOR LOW-INCOME SENIORS, INCLUDING PRIORITIZED SUPPORT FOR VETERAN RESIDENTS. THIS ACHIEVEMENT REFLECTS SILVER KEY'S LONG-TERM VISION AND COMMITMENT TO AGING WITH DIGNITY.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1971.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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