ASHTABULA HOMELESS SHELTERINC

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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

1990

Legal Domicile

Principal Officer

STEVEN SARGENT

Phone

4409923178

Tax Period

2023-01-01 to 2023-12-31

ASHTABULA HOMELESS SHELTERINC, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $810K in total revenue in fiscal year 2023. Revenue surged 160% from the prior year, signaling strong growth momentum. The organization ran a surplus of $569K, a strong 70% operating margin.

Mission

PROVIDE EMERGENCY SHELTER AND MEALS, CASE MANAGEMENT AND ASSESSMENT TO HOMELESS INDIVIDUALS AND FAMILIES FROM THE ASHTABULA COUNTY AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $216,912

PROVIDE EMERGENCY SHELTER AND MEALS, CASE MANAGEMENT AND ASSESSMENT TO HOMELESS INDIVIDUALS AND FAMILIES FROM THE ASHTABULA COUNTY AND SURROUNDING AREAS.

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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 $762,456

Program Service Revenue $0

Investment Income $39,168

Other Revenue $8,524

TOTAL REVENUE $810,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,390

Fundraising Expenses $12,051

Program Expenses $216,912

Other Expenses $39,624

TOTAL EXPENSES $241,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$810,148	$311,403	+1.6%
Expenses	$241,014	$291,775	-0.2%
Net Income	$569,134	$19,628	+28.0%

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

N/A

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
ALICE HARDEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
NAZOE JILLIAN	MEMBER	N/A	Director	$0	$0	$0
KATHY MILLS	MEMBER	N/A	Director	$0	$0	$0
DERYL NAZOR	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
AMY SCRUGGS	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
DEBRA TUCKISH	FORMER HMIS	N/A	Director	$0	$0	$0
CURTIS TURNER	MEMBER	N/A	Director	$0	$0	$0
REBECCA YOUNG	MEMBER	N/A	Director	$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
2024	No data	No data	No data	No data
2023	$810,148	$241,014	$1,008,625	$569,134
2022	$311,403	$291,775	$49,557	$19,628
2021	$233,884	$277,399	$23,229	$-43,515
2020	$207,801	$193,005	$59,786	$14,796