Bethany Homes and Methodist Hospital

EIN: 362012788 501(c)(3) Health Care

Glenview, IL

Total Revenue
N/A
Total Expenses
$1,718
Total Assets
$2,328,268
Net Assets
$2,219,305
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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
1890
Legal Domicile
IL
Principal Officer
Vera Lampe
Phone
8479981118
Tax Period
2023-10-01 to 2024-09-30

Mission

BH&MH is called to care for the physical, social and spiritual needs of seniors and vulnerable adults of all ages in the metropolitan Chicago area, with an emphasis on geriatric services, mental health services, and the medical, psychiatric and related services provided by independent practitioners, as well as by Lakeview Medical Group, a geriatrics-focused, multi-specialty physician group.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

Bethany Homes and Methodist Hospital contains two divisions: Methodist Hospital of Chicago (MHC) and Bethany Retirement Community (BRC). On September 30, 2019, the Corporation sold the MHC and BRC...

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Bethany Homes and Methodist Hospital contains two divisions: Methodist Hospital of Chicago (MHC) and Bethany Retirement Community (BRC). On September 30, 2019, the Corporation sold the MHC and BRC divisions of the business. At September 30, 2024, MHC and BRC remaining activity relates to previously discontinued operations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,718
TOTAL EXPENSES $1,718

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $68,008 -1.0%
Expenses $1,718 $169,435 -1.0%
Net Income N/A $-101,427 N/A
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
9
Independent Members
8
Employees
N/A
Volunteers
8

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
5
$403,290
Total Directors
13
$403,290
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sunny Lopez President/CEO (until 2/1/24) 1.00
Officer Director
$0 $78,414 $248,744
Vera Lampe President/CEO 1.00
Officer Director
$0 $2,500 $154,546
Jennifer Christy Chair 1.00
Officer Director
$0 $0 $0
Stephen Dahl Chair (until 12/31/23) 1.00
Officer Director
$0 $0 $0
Bruce Balfe Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Gessel Berry Jr Director (until 11/13/23) 1.00
Director
$0 $0 $0
Scort Christy Director 1.00
Director
$0 $0 $0
Maureen Farrell Director 1.00
Director
$0 $0 $0
Robert Hoellen Director (until 11/13/23) 1.00
Director
$0 $0 $0
Janice Maloney Director 1.00
Director
$0 $0 $0
Jerry Marx Director 1.00
Director
$0 $0 $0
Keith Reed Director 1.00
Director
$0 $0 $0
Jane Wuellner Director 1.00
Director
$0 $0 $0
Renee Bellew Dir. of Sales and Marketing 0.00
Highest
$0 $13,671 $282,648
Jackie Nieves Director of Human Resources 0.00
Highest
$0 $12,612 $113,394
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 No data No data No data No data
2024 No data $1,718 $2,328,268 No data
2023 $68,008 $169,435 $2,457,309 $-101,427
2022 $89,282 $128,249 $2,455,283 $-38,967
2021 $235,369 $271,854 $2,543,093 $-36,485
2020 $637,088 $1,994,754 $4,083,103 $-1,357,666
2019 $47,851,679 $46,894,487 $22,307,827 $957,192
2018 $40,051,211 $43,520,026 $26,395,318 $-3,468,815
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