SETTLED INCORPORATED

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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

Principal Officer

Gabrielle Clowdus

Tax Period

2023-01-01 to 2023-12-31

SETTLED INCORPORATED, founded in 2018, is a small nonprofit in the Human Services sector that reported $506K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $468K left a modest 7% surplus.

Mission

Cultivating home with the homeless through the establishment of Supportive Community, Permanent Homes, and Sacred Settlements.

Program Service Accomplishments

Program 1

Expenses: $120,042 Revenue: $8,400

Supportive Community (Intentional Neighbors/Purposeful Work/Supportive Friends/Homestead): Settled cultivates home in a homeless world. This year we built community at our Sacred Settlements...

Supportive Community (Intentional Neighbors/Purposeful Work/Supportive Friends/Homestead): Settled cultivates home in a homeless world. This year we built community at our Sacred Settlements, bridging the gap between people who are formerly chronically homeless and people who arent. We saw people getting involved in many different ways, leading Purposeful Workshops, encouraging independent art projects and learning traditional skills together. We established monthly rhythms for people to make and use the goods being made as part of their daily routines, weaving a deeper shared story. These community-building moments are designed to promote healthy, positive interactions where people can set aside social structures and simply connect with another person. We told these stories through videos and inspired more to join in.

Program 2

Expenses: $198,995 Revenue: $145,600

Permanent Homes: We streamlined the process of building homes this year, finding creative ways of saving money, increasing quality, and engaging more volunteers at more faith communities. To do this work, we expanded our wood shop, creating a relationship-building environment where we held weekly volunteer days centered around building furniture and homegoods to go in the homes. Additionally, we are developing an alternative to plumbed toilets that will improve the function and sustainability of future Sacred Settlements.

Program 3

Expenses: $58,051

Cultivated Place: Groundbreaking legislation was passed this year which acknowledges Sacred Settlements as a valid form of housing in the state of Minnesota. This recognizes the right of faith...

Cultivated Place: Groundbreaking legislation was passed this year which acknowledges Sacred Settlements as a valid form of housing in the state of Minnesota. This recognizes the right of faith communities to establish Sacred Settlements on their land with clear rules and regulations, influencing our ability to scale. We are in the planning stages with several new communities across the state of Minnesota and nationally. We are also developing a permanent Demonstration Settlement where people can walk through and explore a Sacred Settlement in a centralized location, learning about our innovative, research-based model of care, housing, and community through worshiping communities.

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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 $506,101

Program Service Revenue $0

Investment Income $67

Other Revenue $17

TOTAL REVENUE $506,185

Expense Breakdown

Grants Paid $12,101

Salaries & Benefits $158,464

Fundraising Expenses $23,038

Program Expenses $406,973

Other Expenses $297,711

TOTAL EXPENSES $468,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,185	$357,592	+0.4%
Expenses	$468,276	$430,094	+0.1%
Net Income	$37,909	$-72,502	-1.5%

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

300

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

$54,900

Total Directors