BETHEL METHODIST HOME

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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

1927

Legal Domicile

Principal Officer

ANASTASIOS MARKOPOULOS

Tax Period

2023-01-01 to 2023-12-31

BETHEL METHODIST HOME, founded in 1927, is a mid-sized nonprofit in the Health Care sector that reported $19.5M in total revenue in fiscal year 2023.

Program Service Accomplishments

Program 1

Expenses: $998,245 Revenue: $5,536,625

BEGINNING IN 2001, BETHEL METHODIST HOME BECAME THE CORPORATE ENTITY AND BEGAN PROVIDING MANAGEMENT SERVICES TO ALL NOT-FOR-PROFIT SUBSIDIARIES OF BMH, INC.

Program 2

Expenses: $11,292,245 Revenue: $14,018,510

IN 2016, THE ENTITY BEGAN OPERATING A CONTINUING CARE RETIREMENT COMMUNITY KNOWN AS THE KNOLLS. THE CCRC CONSISTS OF 120 INDEPENDENT RESIDENTIAL APARTMENTS, 10 ENRICHED HOUSING APARTMENTS, 20 SKILLED NURSING BEDS, COMMON AREAS AND RELATED INFRASTRUCTURE AND FACILITIES. THE CCRC PROVIDES HOUSING, AS WELL AS FOOD, HEALTH, AND OTHER SERVICES TO ELDERLY RESIDENTS.

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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 $72,072

Program Service Revenue $17,378,698

Investment Income $68,581

Other Revenue $2,016,622

TOTAL REVENUE $19,535,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,665,100

Fundraising Expenses $0

Program Expenses $12,290,490

Other Expenses $12,820,244

TOTAL EXPENSES $21,485,344

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,535,973	$18,303,845	+0.1%
Expenses	$21,485,344	$19,599,696	+0.1%
Net Income	$-1,949,371	$-1,295,851	+0.5%

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

105

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

Total Directors

Key Employees

$990,097

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH GOLDSTEIN	CEO	40.0		$484,994	$26,278	$511,272
ANASTASIOS MARKOPOULOS	VP/CFO	40.0	Key Emp	$442,721	$33,714	$476,435
NICOLE TANGREDI	FINANCE MANAGER	40.0	Key Emp	$150,820	$24,034	$174,854
RICHARD DANZKER	DIR. ADVANCEMENT/CORP. MARKETI	40.0	Key Emp	$153,658	$17,301	$170,959
EDWARD GRANO	DIRECTOR OF PHYSICAL THERAPY	40.0	Key Emp	$167,457	$392	$167,849
JAMES CAMPBELL	BOARD MEMBER	1.0	Director	$0	$0	$0
REV KEVAN THOMAS HITCH	BOARD MEMBER	1.0	Director	$0	$0	$0
REV DR JOHN CARRINGTON	BOARD MEMBER	1.0	Director	$0	$0	$0
RICHARD MERBAUM	BOARD MEMBER	1.0	Director	$0	$0	$0
ROBERT W ELLIOTT	CHAIRMAN	1.0	Officer	$0	$0	$0
ANDREW SAMALIN CFP	VICE CHAIRMAN/TREASURER	1.0	Officer	$0	$0	$0
MEG MCGARRITY	SECRETARY	1.0	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	$19,535,973	$21,485,344	$63,833,682	$-1,949,371
2022	$18,303,845	$19,599,696	$65,464,351	$-1,295,851
2021	$16,802,314	$17,797,934	$66,568,639	$-995,620
2020	$17,608,088	$17,396,403	$97,554,366	$211,685
2019	$16,491,165	$18,686,373	$65,282,332	$-2,195,208
2018	$14,653,173	$18,171,894	$65,239,377	$-3,518,721