BETHLEHEM REDEVELOPMENT ASSOCIATION

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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

1983

Legal Domicile

Principal Officer

NANCY CZARNY

Phone

6038695603

Tax Period

2024-10-01 to 2025-09-30

BETHLEHEM REDEVELOPMENT ASSOCIATION, founded in 1983, is a small nonprofit that reported $667K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $574K left a modest 14% surplus.

Mission

BETHLEHEM REDEVELOPMENT ASSOCIATION EIN: 02-0366874 THROUGH RELEVANT ARTS AND CULTURAL PROGRAMMING, SEEKS TO NURTURE THE HERITAGE AND PROSPERITY OF THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $261,119 Revenue: $190,568

PRESERVE AND ENHANCE THE COLONIAL THEATRE BUILDING AND GROUNDS FOR PRESENTATION OF FILM AND LIVE PERFORMANCES WHICH GENERALLY REACH MORE THAN 10,000 PATRONS ON AN ANNUAL BASIS.

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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 $436,609

Program Service Revenue $190,568

Investment Income $11,635

Other Revenue $28,120

TOTAL REVENUE $666,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,753

Fundraising Expenses $27,981

Program Expenses $261,119

Other Expenses $357,050

TOTAL EXPENSES $573,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$666,932	$730,089	-0.1%
Expenses	$573,803	$604,016	-0.1%
Net Income	$93,129	$126,073	-0.3%

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

$74,231

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE CAPLAIN	DIRECTOR	1.00	Director	$0	$0	$0
ZAK MEI	VICE PRESIDE	1.00	Officer	$0	$0	$0
DOUGLAS ARION PHD	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CZARNY	PRESIDENT	1.00	Officer	$0	$0	$0
JEREMY KNOWLTON	SECRETARY	1.00	Officer	$0	$0	$0
MARY CUSHING	TREASURER	1.00	Officer	$0	$0	$0
BRENNA NICELY	EXECUTIVE DI	40.00	Officer	$74,231	$0	$74,231
PAULA HODGES	DIRECTOR	1.00	Director	$0	$0	$0
KIRSTEN SCOBIE	DIRECTOR	1.00	Director	$0	$0	$0
BARBRA WEISMAN	DIRECTOR	1.00	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
2025	$666,932	$573,803	$2,119,458	$93,129
2024	$730,089	$604,016	$2,091,415	$126,073
2023	$516,119	$512,304	$2,076,971	$3,815
2022	$476,588	$476,246	$1,587,793	$342
2021	$479,755	$336,226	$1,639,678	$143,529
2020	$396,913	$336,994	$1,515,265	$59,919