SHELTERING ARMS FOUNDATION

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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

1992

Legal Domicile

Principal Officer

JOHN L MCELROY III

Phone

8048774000

Tax Period

2023-10-01 to 2024-09-30

SHELTERING ARMS FOUNDATION, founded in 1992, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. Expenses of $3.1M exceeded revenue, resulting in a 60% operating deficit.

Mission

TO FUEL THE VISIONS OF SHELTERING ARMS HOSPITAL AND SHELTERING ARMS INSTITUTE BY BUILDING COMMUNITY PHILANTHROPIC SUPPORT, BY STEWARDING OUR INVESTMENT PORTFOLIO TO REINVEST IN THOSE MISSIONS, AND BY ENHANCING COMMUNITY RELATIONS WITH INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,659,505 Revenue: $0

THE SHELTERING ARMS FOUNDATION FUELS THE VISION OF SHELTERING ARMS HOSPITAL COMMUNITY-BASED PROGRAMS, AND SHELTERING ARMS INSTITUTE THROUGH COMMUNITY PHILANTHROPIC SUPPORT AND SOUND STEWARDSHIP OF...

THE SHELTERING ARMS FOUNDATION FUELS THE VISION OF SHELTERING ARMS HOSPITAL COMMUNITY-BASED PROGRAMS, AND SHELTERING ARMS INSTITUTE THROUGH COMMUNITY PHILANTHROPIC SUPPORT AND SOUND STEWARDSHIP OF THE SHELTERING ARMS FOUNDATION INVESTMENT PORTFOLIO. NEW PHILANTHROPIC DONATIONS AND INVESTMENT INCOME HELP TO PROVIDE THE MARGIN OF EXCELLENCE IN CLINICAL AND COMMUNITY-BASED PROGRAMS THAT COULD NOT BE ACHIEVED THROUGH OPERATING INCOME ALONE. DONORS HELP OUR PATIENTS TO FIND THEIR POWER TO OVERCOME INJURIES AND ILLNESSES AND HELP US ACHIEVE OUR VISION OF REINVENTING REHABILITATION FOR LIFE BEYOND LIMITS.

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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 $1,885,261

Program Service Revenue $0

Investment Income $36,567

Other Revenue $0

TOTAL REVENUE $1,921,828

Expense Breakdown

Grants Paid $1,349,086

Salaries & Benefits $1,219,592

Fundraising Expenses $0

Program Expenses $2,659,505

Other Expenses $505,934

TOTAL EXPENSES $3,074,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,921,828	$1,911,891	+0.0%
Expenses	$3,074,612	$2,760,595	+0.1%
Net Income	$-1,152,784	$-848,704	+0.4%

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

N/A

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

$1,050,073

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER H BOWLES	CHAIR (AS OF 2/24)	1.00	Officer Director	$0	$0	$0
BARBARA H DUNN PHD RN	VICE CHAIR (AS OF 2/24)	1.00	Officer Director	$0	$0	$0
THEODORE PRICE	CHAIR (THRU 2/24)	1.00	Officer Director	$0	$0	$0
HOLLY ANTRIM	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BAGBY	DIRECTOR	1.00	Director	$0	$0	$0
GINA BASS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL W BOR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA CUSHNIE	DIRECTOR (THRU 2/24)	1.00	Director	$0	$0	$0
LAWRENCE GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHBY HACKNEY	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL HARPER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J JARVIS JR	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KAY	DIRECTOR (AS OF 2/24)	1.00	Director	$0	$0	$0
RICK KELLY	DIRECTOR	1.00	Director	$0	$0	$0
LISA TAYLOR POWELL	DIRECTOR	1.00	Director	$0	$0	$0
SUE H SCHUTT	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SLAY	DIRECTOR (AS OF 2/24)	1.00	Director	$0	$0	$0
LATASIA S TURPIN	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE WYATT	DIRECTOR (THRU 2/24)	1.00	Director	$0	$0	$0
JAMES S LITSINGER	CFO & TREASURER	40.00	Officer	$401,438	$33,410	$434,848
KELLY DEL CAMPO MERRICKS	VP PHILANTHROPY & SECRETARY	40.00	Officer	$0	$27,606	$201,538
JOHN L MCELROY III	FOUNDATION PRESIDENT	40.00	Officer	$0	$46,807	$413,687

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	$1,921,828	$3,074,612	$195,721,205	$-1,152,784
2023	$1,911,891	$2,760,595	$178,045,482	$-848,704
2022	$26,560,815	$19,123,892	$174,112,507	$7,436,923
2021	$11,542,533	$15,043,420	$205,278,403	$-3,500,887
2020	$11,198,951	$40,293,711	$175,691,612	$-29,094,760
2019	$13,695,802	$15,628,895	$202,137,301	$-1,933,093
2018	$34,747,162	$21,753,973	$197,335,160	$12,993,189