BETHANY HOME FOUNDATION INC (EIN 222575208) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

STEPHANIE IGOE

Phone

4018312870

Tax Period

2024-01-01 to 2024-12-31

BETHANY HOME FOUNDATION INC, founded in 1985, is a small nonprofit in the Human Services sector that reported $984K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $936K left a modest 5% surplus.

Mission

TO PROVIDE AN INDEPENDENT LIVING PROGRAM FOR THE ELDERLY AND TO SUPPORT BETHANY HOME OF RHODE ISLAND.

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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 $5,000

Program Service Revenue $965,988

Investment Income $12,093

Other Revenue $444

TOTAL REVENUE $983,525

Expense Breakdown

Grants Paid $432,988

Salaries & Benefits $238,092

Fundraising Expenses $0

Program Expenses $768,986

Other Expenses $264,441

TOTAL EXPENSES $935,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$983,525	$811,512	+0.2%
Expenses	$935,521	$772,405	+0.2%
Net Income	$48,004	$39,107	+0.2%

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

$179,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SR JANE MCGARRAHAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MARK CHAFEE	TREASURER UNTIL 9/1/24	0.50	Officer Director	$0	$0	$0
JUD SAVISKAS	TREASURER	0.50	Officer Director	$0	$0	$0
ANDREW SCHUPACK	BOARD MEMBER	0.50	Director	$0	$0	$0
SR DONNA CONROY	BOARD MEMBER	0.50	Director	$0	$0	$0
ELAINE HILL	BOARD MEMBER	0.50	Director	$0	$0	$0
LUCY HANNA	BOARD MEMBER	0.50	Director	$0	$0	$0
BELINDA JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBBY KELLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHANIE IGOE	ADMINISTRATOR	4.00	Officer	$15,753	$21,659	$179,187

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	$983,525	$935,521	$387,551	$48,004
2023	$811,512	$772,405	$302,173	$39,107
2022	$984,812	$1,006,074	$273,112	$-21,262
2021	$554,108	$595,437	$308,269	$-41,329
2020	$535,274	$521,329	$344,146	$13,945
2019	$569,394	$624,681	$321,531	$-55,287
2018	$487,771	$868,856	$389,069	$-381,085

BETHANY HOME FOUNDATION INC