SHELTER THE HOMELESS INC

EIN: 742548948 501(c)(3)

SALT LAKE CITY, UT

Total Revenue
$7,880,676
Total Expenses
$9,506,174
Total Assets
$96,417,842
Net Assets
$85,293,652
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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
1988
Legal Domicile
UT
Principal Officer
LAURIE HOPKINS
Phone
8013590698
Tax Period
2024-01-01 to 2024-12-31

SHELTER THE HOMELESS INC, founded in 1988, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $9.5M exceeded revenue, resulting in a 21% operating deficit.

Mission

OBTAIN AND OWN PROPERTY TO BE USED FOR THE BENEFIT OF INDIVIDUALS EXPERIENCING HOMELESSNESS.

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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 $7,879,897
Program Service Revenue $10
Investment Income $769
Other Revenue $0
TOTAL REVENUE $7,880,676

Expense Breakdown

Grants Paid $0
Salaries & Benefits $742,950
Fundraising Expenses $92,003
Program Expenses $9,128,181
Other Expenses $8,763,224
TOTAL EXPENSES $9,506,174

Year-over-Year Comparison

2024 2023 Change
Revenue $7,880,676 $34,277,581 -0.8%
Expenses $9,506,174 $9,391,080 +0.0%
Net Income $-1,625,498 $24,886,501 -1.1%
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
16
Independent Members
16
Employees
8
Volunteers
16

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
4
$265,383
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRIS SIMMONS PRESIDENT 1.00
Officer Director
$0 $0 $0
JON LEAR SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT BRADLEY TREASURER 1.00
Officer Director
$0 $0 $0
JENNY WILSON TRUSTEE 1.00
Director
$0 $0 $0
BILL CRIM TRUSTEE 1.00
Director
$0 $0 $0
CHERIE WOOD TRUSTEE 1.00
Director
$0 $0 $0
JIMMY MARTELLO TRUSTEE 1.00
Director
$0 $0 $0
BRIAN GETTEL TRUSTEE (FROM 12/24) 1.00
Director
$0 $0 $0
GAIL MILLER TRUSTEE 1.00
Director
$0 $0 $0
JOSH ROMNEY TRUSTEE 1.00
Director
$0 $0 $0
CASEY CAMERON TRUSTEE 1.00
Director
$0 $0 $0
ADAM MOODY TRUSTEE (FROM 3/24) 1.00
Director
$0 $0 $0
ERIN LITVACK TRUSTEE 1.00
Director
$0 $0 $0
ERIN MENDENHALL TRUSTEE 1.00
Director
$0 $0 $0
WAYNE NIEDERHAUSER TRUSTEE 1.00
Director
$0 $0 $0
MONICA ZOLTANSKI TRUSTEE 1.00
Director
$0 $0 $0
LAURIE HOPKINS EXECUTIVE DIRECTOR 40.00
Officer
$252,746 $12,637 $265,383
LINDSEY HECTOR DIRECTOR OF OPERATIONS 40.00
Highest
$102,328 $9,565 $111,893
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 $7,880,676 $9,506,174 $96,417,842 $-1,625,498
2023 $34,277,581 $9,391,080 $98,336,889 $24,886,501
2022 $19,074,573 $8,535,838 $73,398,376 $10,538,735
2021 $5,255,300 $7,714,498 $80,598,080 $-2,459,198
2020 $11,400,913 $7,878,117 $85,626,447 $3,522,796
2018 $23,751,537 $4,918,844 $60,029,702 $18,832,693
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