BETSEY MILLS CORPORATION

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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

1937

Legal Domicile

Principal Officer

DEBBIE LAZORICK

Tax Period

2024-01-01 to 2024-12-31

BETSEY MILLS CORPORATION, founded in 1937, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 11% surplus.

Mission

OWNING AND OPERATING OF PROPERTY TO BE USED EXCLUSIVELY FOR CHARITABLE PURPOSES, PROMOTING AND PROVIDING CHARITY THISA PROPERTY IS MAINTAINED AS A HISTORIC STRUCTURE AND USED AS A DORMITORY FOR NEEDY ADULT FEMALES AND FACILITY FOR PROMOTION OF CHARITY AND EDUCATION PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $835,784 Revenue: $672,209

VARIOUS PROGRAMS INCLUDING DAYCARE, PRESCHOOL, SWIMMING, BALLET,CRAFTS, SUMMER CAMP, HOUSING FOR FEMALE ADULTS AND OTHER RELATED ACTIVITIES

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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 $289,132

Program Service Revenue $672,209

Investment Income $60,458

Other Revenue $333,035

TOTAL REVENUE $1,354,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $744,351

Fundraising Expenses $12,397

Program Expenses $835,784

Other Expenses $463,358

TOTAL EXPENSES $1,207,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,354,834	$1,053,712	+0.3%
Expenses	$1,207,709	$1,093,301	+0.1%
Net Income	$147,125	$-39,589	-4.7%

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

N/A

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
DEBBIE LAZORICK	N/A	0.50	Officer	$0	$0	$0
CHRIS LONG	N/A	0.50	Officer	$0	$0	$0
JANET SCHILLING	N/A	0.50	Officer	$0	$0	$0
DEE STANDISH	PRESIDENT	0.50	Officer	$0	$0	$0
BRETT HOWER	VICE PRESIDENT	0.50	Officer	$0	$0	$0
KEVIN KNAB	N/A	0.50	Officer	$0	$0	$0
PAM PLASKETT	TREASURER	0.50	Officer	$0	$0	$0
BARB SCHAFFER	N/A	0.50	Officer	$0	$0	$0
ELLIE LAFOLLETTE	N/A	0.50	Officer	$0	$0	$0
CAROLE HANCOCK	VICE TREASURER	0.50	Officer	$0	$0	$0
KERRY J WADDLE	EXECUTIVE DIRECTOR	40.00	Highest	$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	$1,354,834	$1,207,709	$3,697,773	$147,125
2023	$1,053,712	$1,093,301	$3,380,480	$-39,589
2023	$1,053,712	$1,050,259	$3,425,496	$3,453
2022	$1,058,914	$921,763	$3,377,142	$137,151
2021	$998,347	$870,261	$3,386,135	$128,086
2021	$999,075	$882,595	$4,085,680	$116,480
2020	$654,238	$959,001	$5,555,553	$-304,763
2019	$886,347	$955,993	$5,461,460	$-69,646
2018	$980,618	$969,927	$5,268,310	$10,691