SOUTHSIDE HARM REDUCTION SERVICES

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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

2018

Legal Domicile

Phone

6126159725

Tax Period

2024-01-01 to 2024-12-31

SOUTHSIDE HARM REDUCTION SERVICES, founded in 2018, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $2.1M left a modest 10% surplus.

Mission

TO PROMOTE THE HEALTH AND RIGHTS OF PEOPLE WHO USE DRUGS.

Program Service Accomplishments

Program 1

Expenses: $1,602,942

Southside Harm Reduction Services (SHRS) is a Minnesota non-profit organization founded in 2017. SHRS is a grassroots, comprehensive health program primarily serving communities in South Minneapolis. The mission is to promote the health and wellbeing of community members facing substance use challenges. Prevention and needle exchange programming are evidenced-based health interventions.Peer-reviewed data shows that people who engage with these services are more likely to access health care, reduce incidence of infectious disease, get access to substance use disorder treatments, and ultimately reduce or cease their substance use. SHRS also supports people to connect with treatment, housing, food, and other resources people choose, centering individual autonomy. SHRS core programming includes: distributing health education and safety supplies via street outreach; offer on-demand mobile safety supply deliveries; low barrier drop in center; distribution of the opioid overdose antidote naloxone and overdose prevention education; HIV testing; and, linkage to services that provide non-discriminatory care.

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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 $2,263,805

Program Service Revenue $0

Investment Income $37,110

Other Revenue $-2,200

TOTAL REVENUE $2,298,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,056,602

Fundraising Expenses $89,173

Program Expenses $1,602,942

Other Expenses $980,368

TOTAL EXPENSES $2,063,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,298,715	$3,363,125	-0.3%
Expenses	$2,063,234	$1,416,179	+0.5%
Net Income	$235,481	$1,946,946	-0.9%

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

134

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arielle Edelman McHenry	Chairman	5.00	Officer Director	$0	$0	$0
Jenny Bjorgo	Director	5.00	Director	$0	$0	$0
Anne Siegler	Chairman	5.00	Officer Director	$0	$0	$0
Nikki Giardina	Secretary	15.00	Officer Director	$0	$0	$0
Ryan Kelly	Director	1.00	Director	$0	$0	$0
Dr Kari Rabie	Director	1.00	Director	$0	$0	$0
Roxanne Anderson	Treasurer	5.00	Officer Director	$0	$0	$0
Jack Martin	Executive Director	40.00		$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	$2,298,715	$2,063,234	$3,607,505	$235,481
2023	$3,363,125	$1,416,179	$2,610,410	$1,946,946
2022	$916,866	$938,559	$620,715	$-21,693
2021	$952,459	$766,839	$624,783	$185,620
2020	$679,819	$457,036	$347,641	$222,783