Bethany Lutheran Foundation Inc (EIN 201569453) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

Denis Andersen

Phone

6053382351

Tax Period

2024-07-01 to 2025-06-30

Bethany Lutheran Foundation Inc, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $115K in total revenue in fiscal year 2017. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $166K exceeded revenue, resulting in a 44% operating deficit.

Mission

To raise funds to aid in the continuing operations of Bethany Lutheran Home for the Aged Inc.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $65,969

Program Service Revenue $0

Investment Income $25,121

Other Revenue $3,672

TOTAL REVENUE $94,762

Expense Breakdown

Grants Paid $184,716

Salaries & Benefits $0

Fundraising Expenses $5,341

Program Expenses $184,716

Other Expenses $10,346

TOTAL EXPENSES $195,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,762	$97,105	0.0%
Expenses	$195,062	$68,193	+1.9%
Net Income	$-100,300	$28,912	-4.5%

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

N/A

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

$381,665

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deborah Herrboldt	CEO/Administrator	1.00	Officer	$0	$11,991	$220,127
James Erickson	Foundation Director	44.00	Officer	$0	$0	$86,520
Heather Kroger	CFO/BLH	1.00	Officer	$0	$6,546	$75,018
Denis Andersen	President	0.50	Officer Director	$0	$0	$0
Jim Heinitz	Vice President	0.50	Officer Director	$0	$0	$0
Cathy Larson	Secretary	0.50	Officer Director	$0	$0	$0
David Martin	Treasurer (until Oct 2024)	0.50	Officer Director	$0	$0	$0
Jim Sanden	Board Member	0.50	Director	$0	$0	$0
Dr Victoria Walker	Board Member	0.50	Director	$0	$0	$0
Sarah Schulte	Board Member (until Mar 2025)	0.50	Director	$0	$0	$0
Jeff Gould	Board Member	0.50	Director	$0	$0	$0
Sue Martins	Board Member	0.50	Director	$0	$0	$0
Mike Kaiser	Board Member	0.50	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	$94,762	$195,062	$608,155	$-100,300
2024	$97,105	$68,193	$684,354	$28,912
2023	$95,090	$131,991	$645,953	$-36,901
2022	$151,410	$108,156	$695,403	$43,254
2021	$58,182	$4,512	$735,075	$53,670
2020	$98,121	$18,391	$591,408	$79,730
2019	$90,324	$53,386	$518,829	$36,938
2018	$115,036	$165,568	$458,377	$-50,532

Bethany Lutheran Foundation Inc