Beyond Shelter 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

1999

Legal Domicile

Principal Officer

Daniel P Madler

Phone

7015510480

Tax Period

2024-01-01 to 2024-12-31

Beyond Shelter Inc, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $6.7M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $2.5M, a strong 38% operating margin.

Mission

Improving lives and creating communities by developing and sustaining housing for those most in need.

Program Service Accomplishments

Program 1

Expenses: $3,545,238 Revenue: $3,979,880

Development activities for four affordable housing projects: providing one 96 residential unit affordable housing development to the city of Bismarck, ND; one 39 residential unit affordable housing development to the city of Moorhead, MN, providing one 12 residential unit affordable housing development to the city of Fargo, ND, and other miscellaneous affordable housing development activities.

Program 2

Expenses: $18,547

Operation of commercial building which is used as a social club for Mental Health Association, a 501(c)(3) organization. Operation of an apartment complex in Dickinson, ND that has 24 units of...

Operation of commercial building which is used as a social club for Mental Health Association, a 501(c)(3) organization. Operation of an apartment complex in Dickinson, ND that has 24 units of affordable residential housing units, operations of an apartment complex in Fargo, ND that has 24 units of affordable housing units.

Program 3

Expenses: $47,653

The Organization is a 100% owner in several partnerships treated as disregarded entities which are listed in Schedule R, Part I.The Organization is a general partner in several limited partnerships and the managing member in several limited liability companies listed in Schedule R, Part III. The Organization is the 100% owner in several limited liability companies listed in Schedule R, Part IV. Each of these entities serves as the general partner of its related limited partnership which are reported in Schedule R, Part III as an entity with limited relationship to the filing organization.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,857,790

Program Service Revenue $3,979,880

Investment Income $-169,993

Other Revenue $0

TOTAL REVENUE $6,667,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,125,980

Fundraising Expenses $43,016

Program Expenses $3,611,438

Other Expenses $1,992,527

TOTAL EXPENSES $4,118,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,667,677	$7,679,632	-0.1%
Expenses	$4,118,507	$3,945,604	+0.0%
Net Income	$2,549,170	$3,734,028	-0.3%

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

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

$345,803

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bradley Stedman	President	0.50	Officer Director	$0	$0	$0
Rodger Mohagen	Vice President	0.50	Officer Director	$0	$0	$0
Rebecca Bakke	Treasurer	0.50	Officer Director	$0	$0	$0
Rhet Fiskness	Secretary	0.50	Officer Director	$0	$0	$0
Jacob Reuter	Director	0.50	Director	$0	$0	$0
Jim Hambrick	Director	0.50	Director	$0	$0	$0
Leola Daul	Director	0.50	Director	$0	$0	$0
Daniel P Madler	CEO	50.00	Officer	$305,080	$40,723	$345,803
Dawn Helmowski	Finance Director	47.00	Highest	$150,386	$36,921	$187,307
Dustin Rietsema	Asset Management Director	47.00	Highest	$140,016	$40,784	$180,800
Christopher Miller	Development Director	47.00	Highest	$140,702	$40,423	$181,125
Joseph Rizzo	Developer	42.00	Highest	$134,221	$31,011	$165,232
Lori Westbrook	Finance Manager	42.00	Highest	$117,331	$51,157	$168,488

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	$6,667,677	$4,118,507	$61,380,576	$2,549,170
2023	$7,679,632	$3,945,604	$56,357,299	$3,734,028
2022	$3,210,818	$3,419,063	$44,704,093	$-208,245
2021	$6,508,362	$3,285,627	$39,993,501	$3,222,735
2020	$3,164,073	$3,150,285	$37,911,372	$13,788
2019	$3,214,731	$2,285,790	$34,526,753	$928,941
2018	$2,656,684	$2,023,619	$33,766,592	$633,065