SHELTERS OF SARATOGA INC

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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

1991

Legal Domicile

Phone

5185811097

Tax Period

2023-07-01 to 2024-06-30

SHELTERS OF SARATOGA INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $475K, a strong 21% operating margin.

Mission

MISSION STATEMENT: TRANSFORMING THE LIVES OF OUR NEIGHBORS FACING HOMELESSNESS WITH SUPPORTIVE SERVICES, SAFE SHELTER, AND A PATH TO INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $1,393,828 Revenue: $2,217,187

SHELTERS OF SARATOGA RUNS A YEAR-ROUND EMERGENCY SHELTER PROGRAM FOR ADULTS WHICH PROVIDES SHELTER, FOOD, AND HOUSING ASSISTANCE. THE PROGRAM SERVES AN AVERAGE OF 125 PEOPLE EACH YEAR. SERVICES...

SHELTERS OF SARATOGA RUNS A YEAR-ROUND EMERGENCY SHELTER PROGRAM FOR ADULTS WHICH PROVIDES SHELTER, FOOD, AND HOUSING ASSISTANCE. THE PROGRAM SERVES AN AVERAGE OF 125 PEOPLE EACH YEAR. SERVICES INCLUDE REFERRALS TO WELLNESS SUPPORT SERVICES, ASSISTANCE ACCESSING BENEFITS, EMPLOYMENT SEARCHES,DAILY LIVING SKILLS, AND RENTAL AND MOVING ASSISTANCE. ADDITIONALLY, THE ORGANIZATION OPERATES THE STATE-MANDATED WINTER EMERGENCY SHELTER FOR SARATOGA COUNTY WHICH PROVIDES OVERNIGHT SHELTER TO INDIVIDUALS EXPERIENCING HOMELESSNESS WHEN TEMPERATURES DROP BELOW 32 DEGREES. THE SUPPORTIVE HOUSING PROGRAM PROVIDES CASE MANAGEMENT AND SUPPORTIVE SERVICES TO 14 INDIVIDUALS LIVING IN SHELTER OWNED HOUSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,663,364

Program Service Revenue $195,147

Investment Income $39,101

Other Revenue $319,575

TOTAL REVENUE $2,217,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,188,925

Fundraising Expenses $184,859

Program Expenses $1,393,828

Other Expenses $553,240

TOTAL EXPENSES $1,742,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,217,187	$1,741,288	+0.3%
Expenses	$1,742,165	$1,604,101	+0.1%
Net Income	$475,022	$137,187	+2.5%

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

130

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE MCNEICE	PRESIDENT	5.00	Officer Director	$0	$0	$0
EMILY FARNHAM	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KENNETH HAY	TREASURER	5.00	Officer Director	$0	$0	$0
BETH PAYER	SECRETARY	5.00	Officer Director	$0	$0	$0
LISA MITZEN	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD HIGGINS	DIRECTOR	5.00	Director	$0	$0	$0
JEFFERSON WEIDMAN	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD KLINE	DIRECTOR	5.00	Director	$0	$0	$0
BRADLEY LAUSTRUP	DIRECTOR	5.00	Director	$0	$0	$0
ANDREW FERRARA	DIRECTOR	5.00	Director	$0	$0	$0
PETER HOPPER	DIRECTOR	5.00	Director	$0	$0	$0
ROSEMARY RATCLIFF	DIRECTOR	5.00	Director	$0	$0	$0
LEONA BECK	DIRECTOR	5.00	Director	$0	$0	$0
ERIC LAWSON	DIRECTOR	5.00	Director	$0	$0	$0
BEVERLY LAWSON	DIRECTOR	5.00		$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	No data	No data	No data	No data
2024	$2,217,187	$1,742,165	$4,380,294	$475,022
2023	$1,741,288	$1,604,101	$3,647,619	$137,187
2022	$2,447,400	$1,735,237	$3,338,756	$712,163
2021	$2,791,382	$1,500,814	$2,915,898	$1,290,568
2020	$1,648,941	$1,609,114	$2,404,828	$39,827
2019	$1,188,131	$1,170,447	$1,515,391	$17,684