BOULDER SHELTER FOR THE HOMELESS I… - 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

1986

Legal Domicile

Principal Officer

MICHAEL BLOCK CEO

Phone

3034424646

Tax Period

2023-10-01 to 2024-09-30

BOULDER SHELTER FOR THE HOMELESS INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $9.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.5M, a strong 17% operating margin.

Mission

TO CREATE AVENUES TO STABLE HOUSING FOR OUR COMMUNITY'S HOMELESS ADULTS, FROM A FOUNDATION OF SUPPORTIVE AND SAFE SHELTER.

Program Service Accomplishments

Program 1

Expenses: $6,021,748 Revenue: $647,949

THE BOULDER SHELTER FOR THE HOMELESS PROVIDES HOUSING, STREET OUTREACH, OVERNIGHT SHELTER, MEALS, AND OTHER SUPPORTIVE SERVICES TO ADULTS EXPERIENCING HOMELESSNESS IN BOULDER COUNTY, COLORADO. DURING FISCAL YEAR 2024, THE SHELTER PROVIDED 59,900 BED NIGHTS AND SERVED 121,353 MEALS TO 1,558 ADULTS AT ITS OVERNIGHT SHELTER FACILITY. FURTHER, THE SHELTER SUPPORTED AN ADDITIONAL 190 HOUSED ADULTS THROUGH OUR PERMANENT SUPPORTIVE HOUSING PROGRAM AND HELPED 120 CLIENTS EXIT OR AVOID HOMELESSNESS THROUGH OTHER MEANS, INCLUDING BUT NOT LIMITED TO: SUBSIDIZED HOUSING, MARKET RATE HOUSING, FAMILY OR FRIEND REUNIFICATION AND RENTAL DEPOSIT, OR OTHER FINANCIAL ASSISTANCE.

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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 $8,355,991

Program Service Revenue $647,949

Investment Income $161,613

Other Revenue $4,134

TOTAL REVENUE $9,169,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,565,832

Fundraising Expenses $498,572

Program Expenses $6,021,748

Other Expenses $2,085,750

TOTAL EXPENSES $7,651,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,169,687	$8,988,784	+0.0%
Expenses	$7,651,582	$6,525,003	+0.2%
Net Income	$1,518,105	$2,463,781	-0.4%

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

120

Volunteers

690

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

$389,389

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH MESHAK	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE COLLINS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PATRICK MAYNE	TREASURER	1.00	Officer Director	$0	$0	$0
CATHERINE BEAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC MAXFIELD	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
KENNY GOLDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HOFFMEYER	DIRECTOR	1.00	Director	$0	$0	$0
KAREN KLERMAN	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
BILL RIGLER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CHRISTY	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR KING THRU 052024	DIRECTOR	1.00	Director	$0	$0	$0
GREG MORRIS 1022-123	CEO	40.00	Officer	$26,700	$83	$26,783
MICHAEL BLOCK	CEO	40.00	Officer	$141,689	$17,523	$159,212
SANDRA HALIN-ADAMS	CFO	40.00	Officer	$178,869	$6,525	$185,394
INGRID BITHORN 12023 - 32023	CFO	40.00	Officer	$18,000	$0	$18,000
MEAGAN RANDALL	CHIEF PROGRA	40.00	Highest	$112,806	$10,630	$123,436

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
2024	$9,169,687	$7,651,582	$17,071,427	$1,518,105
2023	$8,988,784	$6,525,003	$12,481,400	$2,463,781
2022	$5,983,878	$5,275,972	$8,490,551	$707,906
2021	$4,485,588	$4,525,528	$6,840,798	$-39,940
2020	$4,046,735	$3,423,279	$6,684,428	$623,456
2020	$4,046,740	$3,423,283	$6,682,051	$623,457
2019	$2,780,747	$2,928,174	$6,041,246	$-147,427
2018	$2,609,413	$2,637,617	$6,065,234	$-28,204
2018	$2,609,413	$2,637,617	$6,065,234	$-28,204

BOULDER SHELTER FOR THE HOMELESS INC