OMAHA SHELTER FOR HOMELESS TRUST (EIN 823653921) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

Rachel Jacobson

Phone

4023913190

Tax Period

2023-01-01 to 2023-12-31

OMAHA SHELTER FOR HOMELESS TRUST, founded in 2017, is a micro nonprofit that reported $4K in total revenue in fiscal year 2023. Revenue surged 2371% from the prior year, signaling strong growth momentum. Expenses of $520K exceeded revenue, resulting in a 14310% operating deficit.

Mission

The Organization was formed to work in conjunction with other agencies in the City of Omaha to provide housing and other essential services to individuals experiencing homelessness and to work toward their rehabilitation so that they may become productive members of society. The Organization most recently facilitated the design and construction of a new homeless shelter on behalf of the Siena Francis House in Omaha.

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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 $0

Program Service Revenue $0

Investment Income $3,608

Other Revenue $0

TOTAL REVENUE $3,608

Expense Breakdown

Grants Paid $516,329

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $516,329

Other Expenses $3,598

TOTAL EXPENSES $519,927

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,608	$146	+23.7%
Expenses	$519,927	$59,530	+7.7%
Net Income	$-516,319	$-59,384	+7.7%

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

N/A

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

$371,327

Total Directors

$310,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachel Jacobson	President	1	Officer Director	$0	$20,300	$310,300
Jennifer Callahan	Treasurer	0.5	Officer	$0	$0	$61,027
Daniel Neary	Chairman and Director	0.5	Officer Director	$0	$0	$0
Catherine French	Director	0.5	Director	$0	$0	$0
Daniel Waters	Secretary	0.5	Officer	$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	$3,608	$519,927	$4,250	$-516,319
2022	$146	$59,530	$1,579,240	$-59,384
2021	$382,228	$504,300	$2,869,494	$-122,072
2020	$2,378,050	$2,689,345	$4,322,296	$-311,295
2019	$6,215,443	$6,470,078	$11,997,778	$-254,635
2018	$18,910,874	$18,885,314	$18,250,783	$25,560

OMAHA SHELTER FOR HOMELESS TRUST