BETHESDA CORPORATION (EIN 351377225) - 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

1977

Legal Domicile

Principal Officer

GERRY VARNER

Phone

8122325083

Tax Period

2024-01-01 to 2024-12-31

BETHESDA CORPORATION, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $175K, a strong 16% operating margin.

Mission

BETHESDA CORPORATION (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 101 UNIT APARTMENT PROJECT FOR THE ELDERLY, HANDICAPPED AND LOW INCOME PERSONS LOCATED IN TERRE HAUTE, INDIANA. THE PROJECT OPERATED BY THE CORPORATION IS AN ELDERLY HOUSING PROJECT KNOWN AS JULIET A. PEDDLE PARK. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"), PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 $710,851

Program Service Revenue $459,560

Investment Income $-53,380

Other Revenue $2,134

TOTAL REVENUE $1,119,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $796,418

Other Expenses $943,683

TOTAL EXPENSES $943,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,119,165	$1,115,941	+0.0%
Expenses	$943,683	$1,000,970	-0.1%
Net Income	$175,482	$114,971	+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

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
GERRY VARNER	PRESIDENT	0.50	Officer Director	$0	$0	$0
DRU ADAMS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JIM WINNING	SECRETARY	0.50	Director	$0	$0	$0
CLARK COWDEN	FORMER SECRETARY	0.50	Officer 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	$1,119,165	$943,683	$2,916,443	$175,482
2023	$1,115,941	$1,000,970	$2,946,610	$114,971
2022	$1,002,109	$876,172	$2,639,003	$125,937
2021	$996,465	$880,181	$2,462,967	$116,284
2020	$943,617	$786,397	$2,453,267	$157,220
2019	$920,711	$934,177	$2,381,564	$-13,466
2018	$916,883	$905,801	$2,232,613	$11,082

BETHESDA CORPORATION