BETHESDA (EIN 410693843) - 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

1897

Legal Domicile

Principal Officer

MICHELLE HAEFNER

Phone

3202359532

Tax Period

2023-10-01 to 2024-09-30

BETHESDA, founded in 1897, is a mid-sized nonprofit in the Health Care sector that reported $42.7M in total revenue in fiscal year 2023. Expenses of $37.7M left a modest 12% surplus.

Mission

TO PROVIDE HOUSING AND NURSING SERVICES TO THE ELDERLY AND DISABLED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,229,390

Program Service Revenue $39,599,791

Investment Income $631,954

Other Revenue $242,377

TOTAL REVENUE $42,703,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,607,110

Fundraising Expenses $0

Program Expenses $34,128,615

Other Expenses $11,086,691

TOTAL EXPENSES $37,693,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,703,512	$40,921,531	+0.0%
Expenses	$37,693,801	$30,802,541	+0.2%
Net Income	$5,009,711	$10,118,990	-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

945

Volunteers

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

$807,451

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER AHRENHOLZ	CHAIR	0.10	Officer Director	$0	$0	$0
MYRON BEHM	CHAIR VICE	0.10	Officer Director	$0	$0	$0
SHERRI POOL	SECRETARY	0.10	Officer Director	$0	$0	$0
LUTHER DYKEMA	TREASURER	0.10	Officer Director	$0	$0	$0
JULIE KVEENE	BOARD MEMBER	0.10	Director	$0	$0	$0
KAREN TUSHA MOHLIN	BOARD MEMBER	0.10	Director	$0	$0	$0
PASTOR DEAN E JOHNSON	BOARD MEMBER	0.10	Director	$0	$0	$0
DAVID GEHANT	BOARD MEMBER	0.10	Director	$0	$0	$0
MICHAEL GILSON	BOARD MEMBER	0.10	Director	$0	$0	$0
JOAN BLONIGAN CHRISTIANSON	BOARD MEMBER	0.10	Director	$0	$0	$0
DR BETTY STREHLOW	BOARD MEMBER	0.10	Director	$0	$0	$0
CHERYL JOHNSON	BOARD MEMBER	0.10	Director	$0	$0	$0
MICHELLE HAEFNER	CEO	32.00	Officer	$319,864	$42,958	$362,822
ASHLEY BORMANN	COO	32.00	Officer	$11,795	$1,900	$13,695
TAMALA GJERDE	FINANCE DIRECTOR	32.00	Officer	$91,628	$28,301	$119,929
SAM QUAM	VP OF OPERATIONS	40.00	Officer	$131,598	$35,990	$167,588
BAILLEE KRIEGER	HR/ADMINISTRATOR	40.00	Officer	$114,318	$29,099	$143,417
CRYSTAL MORAN	ADON/DON	40.00	Highest	$108,257	$36,775	$145,032
MARISSA CROATT	RN	40.00	Highest	$102,289	$3,126	$105,415

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	$42,703,512	$37,693,801	$91,777,616	$5,009,711
2023	$40,921,531	$30,802,541	$85,805,822	$10,118,990
2022	$30,896,178	$28,644,727	$74,888,155	$2,251,451
2021	$31,566,689	$24,782,633	$73,193,100	$6,784,056
2020	$29,361,334	$26,523,028	$55,354,100	$2,838,306
2019	$27,750,959	$24,465,507	$48,673,435	$3,285,452
2018	$27,368,050	$22,098,341	$45,329,344	$5,269,709

BETHESDA