BETHEL UNIVERSITY FOUNDATION

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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

1971

Legal Domicile

Principal Officer

JEANNE OSGOOD

Phone

6516386208

Tax Period

2024-05-01 to 2025-04-30

BETHEL UNIVERSITY FOUNDATION, founded in 1971, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $665K, a strong 25% operating margin.

Mission

TO PROVIDE FINANCIAL MANAGEMENT OF ENDOWMENT AND TRUST ACCOUNTS BY BETHEL UNIVERSITY AND ITS CONSTITUENTS.

Program Service Accomplishments

Program 1

Expenses: $650,500 Revenue: $0

BETHEL UNIVERSITY FOUNDATION EXISTS FOR THE PURPOSE OF ENHANCING THE FINANCIAL STRENGTH OF BETHEL UNIVERSITY BY SUPPORTING ENDOWMENT GROWTH, FACILITATING MAJOR NONCASH GIFTS AND ENCOURAGING MAJOR...

BETHEL UNIVERSITY FOUNDATION EXISTS FOR THE PURPOSE OF ENHANCING THE FINANCIAL STRENGTH OF BETHEL UNIVERSITY BY SUPPORTING ENDOWMENT GROWTH, FACILITATING MAJOR NONCASH GIFTS AND ENCOURAGING MAJOR GIFTS THROUGH ITS DEFERRED GIFT PROGRAM. IN ADDITION, THE FOUNDATION PROVIDES ACCOUNTING AND MANAGEMENT SERVICES TO BETHEL FOR BETHEL'S LONG-TERM INVESTMENTS.

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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 $330,005

Program Service Revenue $0

Investment Income $2,360,783

Other Revenue $478

TOTAL REVENUE $2,691,266

Expense Breakdown

Grants Paid $650,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $650,500

Other Expenses $1,375,699

TOTAL EXPENSES $2,026,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,691,266	$2,208,040	+0.2%
Expenses	$2,026,199	$784,582	+1.6%
Net Income	$665,067	$1,423,458	-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

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

$611,887

Total Directors

$381,562

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE CHAPMAN	CHAIR	1.00	Officer Director	$0	$0	$0
GAIL LUNDEEN	SECRETARY	1.00	Officer Director	$0	$0	$0
JODY KOBBERVIG	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID EDGERTON	GOVERNOR	1.00	Director	$0	$0	$0
BRUCE JOHNSON	GOVERNOR	1.00	Director	$0	$0	$0
LAURA MCKNIGHT	GOVERNOR	1.00	Director	$0	$0	$0
BRIAN SALAMI	GOVERNOR	1.00	Director	$0	$0	$0
PAUL TOMMERDAHL	GOVERNOR	1.00	Director	$0	$0	$0
TIM DOTEN	GOVERNOR	1.00	Director	$0	$0	$0
RACHEL KARSJENS	GOVERNOR	1.00	Director	$0	$0	$0
ERIC SWANSON	GOVERNOR	1.00	Director	$0	$0	$0
CEDRIC LONG	GOVERNOR	1.00	Director	$0	$0	$0
ROSS ALLEN	EX-OFFICIO	1.00	Director	$0	$30,923	$381,562
CHRISTY COULTER	GOVERNOR	1.00	Director	$0	$0	$0
JEANNE OSGOOD	INTERIM EX DIRECTOR	40.00	Officer	$0	$39,453	$178,828
MARK HINTZ	INTERIM ED THRU 8/12/24	40.00	Officer	$0	$36,306	$194,455
ANGELLA HJELLE	EXECUTIVE DIRECTOR	40.00	Officer	$0	$4,470	$34,105
MICHAEL JOHNSON	CONTROLLER	1.00	Officer	$0	$34,930	$121,842
PAMELA BUCHANAN	DIRECTOR OF GOVT, CORP & FDTN RELATIONS	40.00	Officer	$0	$2,871	$82,657

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	$2,691,266	$2,026,199	$19,075,604	$665,067
2024	$2,208,040	$784,582	$22,745,842	$1,423,458
2023	$4,940,342	$791,645	$23,520,243	$4,148,697
2022	$672,927	$209,053	$18,915,985	$463,874
2021	$679,390	$696,869	$22,807,618	$-17,479
2020	$1,064,642	$820,534	$18,632,127	$244,108
2019	$848,700	$720,418	$20,025,919	$128,282
2018	$1,330,832	$1,017,611	$20,249,620	$313,221