SHELTER THE HOMELESS 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

1988

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $7,674,291 Revenue: $10

EMERGENCY SHELTER RESOURCES 4 HOMELESS RESOURCE CENTERS (HRCS) AND 1 NON-CONGREGATE SHELTER (NCS): CONNIE CROSBY FAMILY RESOURCE CENTER: 300 BEDS FOR FAMILIES, OPERATED BY THE ROAD HOME, 1,598 SERVED IN 2024. GERALDINE E KING RESOURCE CENTER: 200 BEDS FOR WOMEN, OPERATED BY VOLUNTEERS OF AMERICA, 836 SERVED IN 2024.GAIL MILLER RESOURCE CENTER: 200 BEDS 160 FOR MEN AND 40 FOR WOMEN, OPERATED BY THE ROAD HOME 712 SERVED IN 2024.PAMELA ATKINSON RESOURCE CENTER: 300 BEDS FOR MEN, OPERATED BY THE ROAD HOME, 1,175 SERVED IN 2024.MEDICALLY VULNERABLE PEOPLE NON-CONGREGATE SHELTER: 165 BEDS FOR SENIORS AND MEDICALLY VULNERABLE, OPERATED BY THE ROAD HOME AND FOURTH STREET CLINIC, 387 SERVED IN 2024. IN 2024 THERE WERE 1,165 BEDS TOTAL ACROSS SALT LAKE VALLEY, WITH 4,835 UNDUPLICATED INDIVIDUALS SERVED IN 2024, AN AVERAGE OF 98% BED UTILIZATION FOR HRCS AND 69% FOR THE NCS PROGRAM.

Program 2

Expenses: $1,439,043 Revenue: $0

WINTER PLANNING FOR ADDITIONAL TEMPORARY SHELTER BEDS SUPPORT OF WINTER OVERFLOW SHELTER BEDS.

Program 3

Expenses: $14,847

STH MIDVALE LEASES PROPERTY, AT THE COST OF DEBT FINANCING, TO THE ROAD HOME, THAT IS USED AS A FAMILY SHELTER IN MIDVALE (THE CONNIE CROSBY FAMILY RESOURCE CENTER).

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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 $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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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

$265,383

Total Directors

Key Employees

Highest Compensated

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