BEDFORD REVITALIZATION INC

EIN: 351843350 501(c)(3) Community Improvement

BEDFORD, IN

Total Revenue
$50,863
Total Expenses
$34,843
Total Assets
$189,037
Net Assets
$189,037
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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
1991
Legal Domicile
IN
Principal Officer
SUSAN GALES
Phone
8122755907
Tax Period
2024-01-01 to 2024-12-31

BEDFORD REVITALIZATION INC, founded in 1991, is a micro nonprofit in the Community Improvement sector that reported $51K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $16K, a strong 31% operating margin.

Mission

THE PURPOSE OF THE NONPROFIT ORGANIZATION IS TO PROMOTE BUSINESS AND PROFESSIONAL ACTIVITIES IN THE DOWNTOWN OF BEDFORD INDIANA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,980
Program Service Revenue $0
Investment Income $1,386
Other Revenue $-1,503
TOTAL REVENUE $50,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,843
Other Expenses $34,843
TOTAL EXPENSES $34,843

Year-over-Year Comparison

2024 2023 Change
Revenue $50,863 $43,039 +0.2%
Expenses $34,843 $42,546 -0.2%
Net Income $16,020 $493 +31.5%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
50

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
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN GALES PRESIDENT 0.00
Director
$0 $0 $0
BLAINE PARKER SECRETARY 0.00
Director
$0 $0 $0
TONYA CHASTAIN BOARD MEMBER 0.00
Director
$0 $0 $0
MARLA JONES VICE-PRESIDENT 0.00
Director
$0 $0 $0
ALLISON ROODSCHILD BOARD MEMBER 0.00
Director
$0 $0 $0
KIM BURGESS BOARD MEMBER 0.00
Director
$0 $0 $0
CHARLES EDWARDS BOARD MEMBER 0.00
Director
$0 $0 $0
SARAH TURPEN BOARD MEMBER 0.00
Director
$0 $0 $0
TEENA LIGMAN BOARD MEMBER 0.00
Director
$0 $0 $0
TIM THOMPSON BOARD MEMBER 0.00
Director
$0 $0 $0
HEATH HAWKINS BOARD MEMBER 0.00
Director
$0 $0 $0
NATHAN WATSON BOARD MEMBER 0.00
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 $50,863 $34,843 $189,037 $16,020
2023 $43,039 $42,546 $170,448 $493
2022 $40,981 $33,245 $167,341 $7,736
2021 $59,904 $41,763 $165,260 $18,141
2020 $16,674 $13,177 $143,119 $3,497
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