THE SHELTERING ARMS FOUNDATION

EIN: 410693926 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$1,374,471
Total Expenses
$949,035
Total Assets
$16,541,369
Net Assets
$15,986,718
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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
1884
Legal Domicile
MN
Principal Officer
DIANE GROSSMAN
Phone
6128719210
Tax Period
2024-07-01 to 2025-06-30

THE SHELTERING ARMS FOUNDATION, founded in 1884, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $425K, a strong 31% operating margin.

Mission

"THE SHELTERING ARMS FOUNDATION INVESTS IN THE LIVES OF MINNESOTAS CHILDREN TO HELP THEM REACH THEIR FULL POTENTIAL. THE FOUNDATION FUNDS NOT-FOR-PROFIT ORGANIZATIONS AND SUPPORTS POLICIES THAT BENEFIT CHILDREN AND THEIR FAMILIES WHO HAVE THE LEAST ACCESS TO RESOURCES."

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $266,562
Program Service Revenue $0
Investment Income $1,107,909
Other Revenue $0
TOTAL REVENUE $1,374,471

Expense Breakdown

Grants Paid $599,000
Salaries & Benefits $182,082
Fundraising Expenses $6,508
Program Expenses $749,342
Other Expenses $167,953
TOTAL EXPENSES $949,035

Year-over-Year Comparison

2024 2023 Change
Revenue $1,374,471 $1,752,791 -0.2%
Expenses $949,035 $960,157 0.0%
Net Income $425,436 $792,634 -0.5%
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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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
12

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
5
$159,391
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE GROSSMAN EXECUTIVE DI 40.00
Officer
$127,860 $31,531 $159,391
CYNTHIA SWAN PRESIDENT 1.50
Officer Director
$0 $0 $0
HEIDI KIM PRESIDENT EL 0.50
Officer Director
$0 $0 $0
CATHY CELLA TREASURER 1.00
Officer Director
$0 $0 $0
BROWYN SKOV SECRETARY 0.50
Officer Director
$0 $0 $0
SUE BIZAL BOARD TRUSTE 0.50
Director
$0 $0 $0
LAURA CAPALDINI BOARD TRUSTE 0.50
Director
$0 $0 $0
NANCY DIENER BOARD TRUSTE 0.50
Director
$0 $0 $0
ESTHER GARUBANDA BOARD TRUSTE 0.50
Director
$0 $0 $0
SUSAN GILLETTE BOARD TRUSTE 0.50
Director
$0 $0 $0
IFEYINWA IKEGWUANI BOARD TRUSTE 0.50
Director
$0 $0 $0
EMILY REICHENBACH BOARD TRUSTE 0.50
Director
$0 $0 $0
LISA WESTBERG BOARD TRUSTE 0.50
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
2025 $1,374,471 $949,035 $16,541,369 $425,436
2024 $1,752,791 $960,157 $15,591,417 $792,634
2023 $167,024 $1,027,813 $14,900,667 $-860,789
2022 $578,208 $884,218 $14,379,135 $-306,010
2021 $716,273 $905,276 $18,028,195 $-189,003
2020 $985,771 $851,259 $14,967,672 $134,512
2019 $752,882 $853,754 $15,608,894 $-100,872
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