Servants of Shelter of Koochiching… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

Pat Bjorum

Phone

2182852092

Tax Period

2023-01-01 to 2023-12-31

Servants of Shelter of Koochiching County, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $431K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 26% operating margin.

Mission

we are a community-based nonprofit 501c3 that upholds the dignity of persons in need of temporary shelter permanent supportive housing supportive services and resources.

Program Service Accomplishments

Program 1

Expenses: $133,652 Revenue: $133,285

Homeless shelter and supportive services - includes non resident support in form of hotel rooms gas cards food cards personal care and hygiene as well as prescription help and document assistance for ids and registrations. Here are our accomplishments for 2023: Provided 5,648 nights of emergency shelter Added: support services including haircut program mini food shelf harm reduction supplies Coordinated Point in Time Count and Wilder Homeless Study for Koochiching County Provided the primary access point for Coordinated Entry in Koochiching County

Program 2

Expenses: $85,578 Revenue: $93,692

Hud rentals with supportive services. Provide 17 Permanent Supportive Housing Units. . Added: support services including haircut program mini food shelf harm reduction supplies.

Program 3

Expenses: $56,688 Revenue: $46,015

Drop in Center for non-resident homeless to access kitchen and bath facilities and provide congregate dining and living areas for homeless and rental residents. Programs are offered to our guests...

Drop in Center for non-resident homeless to access kitchen and bath facilities and provide congregate dining and living areas for homeless and rental residents. Programs are offered to our guests including painting classes cooking classes and music classes. We offer congregate dining on holidays and generally try to create an environment conducive to building comradery. We also provide financial assistance in terms of grocery cards gas cards prescription support etc.

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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 $336,389

Program Service Revenue $93,792

Investment Income $466

Other Revenue $0

TOTAL REVENUE $430,647

Expense Breakdown

Grants Paid $13,959

Salaries & Benefits $160,269

Fundraising Expenses $2,547

Program Expenses $275,918

Other Expenses $143,402

TOTAL EXPENSES $317,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,647	$271,073	+0.6%
Expenses	$317,630	$301,075	+0.1%
Net Income	$113,017	$-30,002	-4.8%

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

Total Directors

Key Employees

$76,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ariana Daniel	Executive Director	35.00	Key Emp	$38,100	$38,100	$76,200
Elaine Johnson	Vice Chair	2.00	Director	$0	$0	$0
Deborah Arnold	Secretary of Board	5.00	Director	$0	$0	$0
Mel Mattsen	Treasurer	5.00	Director	$0	$0	$0
Pat Bjorum	Board Chair	5.00	Director	$0	$0	$0
Julie Jaksa	Board Member	5.00	Director	$0	$0	$0
Cynthia Warren	Board Member	2.00	Director	$0	$0	$0
Julie Schumacher	Board Member	2.00	Director	$0	$0	$0
Dee Dee Thompson	Board Member	2.00	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
2024	No data	No data	No data	No data
2023	$430,647	$317,630	$646,325	$113,017
2022	$271,073	$301,075	$249,910	$-30,002
2021	$278,974	$252,577	$127,871	$26,397

Servants of Shelter of Koochiching County