Bethany on 42nd (EIN 261087740) - 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

2007

Legal Domicile

Principal Officer

Shawn Stuhaug

Phone

7012393000

Tax Period

2024-01-01 to 2024-12-31

Bethany on 42nd, founded in 2007, is a mid-sized nonprofit in the Housing & Shelter sector that reported $23.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $21.0M left a modest 9% surplus.

Mission

Provide long term care services

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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 $11,025

Program Service Revenue $22,709,453

Investment Income $269,246

Other Revenue $170,621

TOTAL REVENUE $23,160,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,865,414

Fundraising Expenses $0

Program Expenses $19,163,391

Other Expenses $8,155,334

TOTAL EXPENSES $21,020,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,160,345	$21,039,520	+0.1%
Expenses	$21,020,748	$20,616,851	+0.0%
Net Income	$2,139,597	$422,669	+4.1%

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

131

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

$557,199

Total Directors

Key Employees

$171,452

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Hertsgaard	Trustee (as of April)	1.00	Director	$0	$0	$0
Jack Rydell	Chair (Jan-Mar)	1.00	Officer Director	$0	$0	$0
Paulette Amundson Chair	(Apr-Dec) Vice Chair (Jan-Mar)	1.00	Officer Director	$0	$0	$0
Lianne Rockstad	Trustee (as of April)	1.00	Director	$0	$0	$0
Bruce Davidson	Secretary (Jan-Mar)	1.00	Officer Director	$0	$0	$0
Neal Eriksmoen	Trustee (Jan-Mar)	1.00	Director	$0	$0	$0
Martha Leclerc	Trustee (Jan-Mar)	1.00	Director	$0	$0	$0
Dan Beauchamp Vice Chair	(Apr-Dec) Trustee (Jan-Mar)	1.00	Officer Director	$0	$0	$0
Ben Carlsrud	Secretary(Apr-Dec) Trustee(Jan-Mar)	1.00	Officer Director	$0	$0	$0
Roger Olson	Treasurer	1.00	Officer Director	$0	$0	$0
Beth Renner	Trustee	1.00	Director	$0	$0	$0
Cheryl Anderson	Trustee	1.00	Director	$0	$0	$0
Jerilynn Bratner-Adams	Trustee	1.00	Director	$0	$0	$0
Laura Ness Owens	Trustee (as of April)	1.00	Director	$0	$0	$0
Rick Steen	Trustee (as of April)	1.00	Director	$0	$0	$0
Shawn Stuhaug	President/CEO	18.00	Officer	$0	$26,199	$399,400
Kaye Angus	CFO	18.00	Officer	$0	$16,649	$157,799
Dawn Hummel	Senior Exec Resident Care	22.00	Key Emp	$0	$6,594	$171,452

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	$23,160,345	$21,020,748	$40,620,046	$2,139,597
2023	$21,039,520	$20,616,851	$44,353,121	$422,669
2022	$22,954,614	$19,973,493	$45,131,106	$2,981,121
2021	$19,570,716	$18,209,270	$42,982,371	$1,361,446
2020	$19,648,460	$17,785,933	$43,604,291	$1,862,527
2019	$18,175,682	$17,743,607	$42,626,729	$432,075
2018	$17,639,283	$17,553,634	$43,692,009	$85,649

Bethany on 42nd