BETHANY DEVELOPMENT CORPORATION (EIN 232078064) - 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

1976

Legal Domicile

Principal Officer

CHRISTOPHER ZEIGLER

Phone

3012502100

Tax Period

2024-01-01 to 2024-12-31

BETHANY DEVELOPMENT CORPORATION, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $300K, a strong 18% operating margin.

Mission

HOUSING AND RELATED SUPPORT SERVICES FOR LOW-INCOME, DISABLED AND ELDERLY INDIVIDUALS.

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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 $789,416

Program Service Revenue $786,174

Investment Income $13,956

Other Revenue $35,170

TOTAL REVENUE $1,624,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,185,516

Other Expenses $1,325,124

TOTAL EXPENSES $1,325,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,624,716	$1,469,613	+0.1%
Expenses	$1,325,124	$1,391,494	0.0%
Net Income	$299,592	$78,119	+2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER D ZEIGLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIE DORMEYER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL PENNINGTON	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHLEEN BOWERS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD LAMARCA	TRUSTEE	1.00	Director	$0	$0	$0
DR GENE BALDWIN	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN A SALMON	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL P LANGAN	TRUSTEE (THRU 12/31/24)	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
2024	$1,624,716	$1,325,124	$3,748,564	$299,592
2023	$1,469,613	$1,391,494	$3,309,048	$78,119
2022	$1,475,024	$1,262,735	$3,374,709	$212,289
2021	$1,403,805	$1,300,644	$3,320,930	$103,161
2020	$1,352,876	$1,206,169	$3,335,260	$146,707
2019	$1,338,103	$1,230,033	$3,267,269	$108,070

BETHANY DEVELOPMENT CORPORATION