BETHANY LUTHERAN COLLEGE INC

EIN: 410747165 501(c)(3) Education

MANKATO, MN

Total Revenue
$36,287,765
Total Expenses
$35,498,756
Total Assets
$120,266,383
Net Assets
$97,127,448
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
MN
Principal Officer
GENE R PFEIFER
Phone
5073447000
Tax Period
2024-07-01 to 2025-06-30

BETHANY LUTHERAN COLLEGE INC, founded in 1927, is a mid-sized nonprofit in the Education sector that reported $36.3M in total revenue in fiscal year 2024. Net assets of $97.1M represent 32 months of operating reserves.

Mission

BETHANY LUTHERAN COLLEGE IS A PRIVATE, RESIDENTIAL, LIBERAL ARTS COLLEGE COMMITTED TO THE TEACHINGS OF THE BIBLE AS SET FORTH IN THE LUTHERAN CONFESSIONS. BETHANY PROVIDES STUDIES CULMINATING IN A BACHELOR OF ARTS & SCIENCE DEGREES & A MASTERS OF CLINCIAL MENTAL HEALTH COUNSELING. BETHANY LUTHERAN THEOLOGICAL SEMINARY EXISTS IN ORDER TO TRAIN MEN FOR THE PUBLIC MINISTRY IN THE ELS AS WELL AS TO SERVE THE SYNOD'S THEOLOGICAL NEEDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,584,615
Program Service Revenue $24,853,031
Investment Income $2,770,485
Other Revenue $1,079,634
TOTAL REVENUE $36,287,765

Expense Breakdown

Grants Paid $10,454,807
Salaries & Benefits $13,428,226
Fundraising Expenses $1,026,934
Program Expenses $31,723,484
Other Expenses $11,615,723
TOTAL EXPENSES $35,498,756

Year-over-Year Comparison

2024 2023 Change
Revenue $36,287,765 $37,072,690 0.0%
Expenses $35,498,756 $36,027,334 0.0%
Net Income $789,009 $1,045,356 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
725
Volunteers
18

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
7
$592,254
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV MARK BARTELS CHARIMAN/REGENT 1.00
Officer Director
$0 $0 $0
REV DAVID THOMPSON VICE-CHAIR/REGENT 1.00
Officer Director
$0 $0 $0
REV ALEX RING SECRETARY/REGENT 1.00
Officer Director
$0 $0 $0
DR JOSHUA MEARS REGENT 1.00
Director
$0 $0 $0
MR STEVEN DEPREY REGENT 1.00
Director
$0 $0 $0
MR AARON FAUGSTAD REGENT 1.00
Director
$0 $0 $0
MR DAVID SPARLEY REGENT 1.00
Director
$0 $0 $0
DR ADAM BRAISCH REGENT 1.00
Director
$0 $0 $0
DR DANIEL HARTWIG REGENT 1.00
Director
$0 $0 $0
REV AARON FERKENSTAD REGENT 1.00
Director
$0 $0 $0
MR TIMOTHY ROEMHILDT REGENT 1.00
Director
$0 $0 $0
MR JOHN SCOTT REGENT 1.00
Director
$0 $0 $0
REV ERWIN EKHOFF REGENT 1.00
Director
$0 $0 $0
MR MARK MADSON REGENT 1.00
Director
$0 $0 $0
DR GENE R PFEIFER COLLEGE PRESIDENT 40.00
Officer
$196,911 $58,563 $255,474
DANIEL L MUNDAHL SENIOR VP OF FIN & ADMIN/TREASURER 40.00
Officer
$141,748 $19,730 $161,478
REV TIMOTHY HARTWIG SEMINARY PRESIDENT 40.00
Officer
$67,378 $26,472 $93,850
STACEY DAWLEY DIRECTOR OF FINANCE/ASST. TREASURER 40.00
Officer
$77,432 $4,020 $81,452
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
2025 $36,287,765 $35,498,756 $120,266,383 $789,009
2024 No data No data No data No data
2023 $33,871,771 $33,193,131 $113,032,695 $678,640
2022 $36,614,308 $33,300,215 $102,688,428 $3,314,093
2021 $41,760,008 $30,634,375 $109,343,535 $11,125,633
2020 $27,940,514 $29,964,672 $97,860,298 $-2,024,158
2019 $28,808,856 $28,355,236 $93,817,053 $453,620
2018 $24,986,365 $27,275,148 $93,421,643 $-2,288,783
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BETHANY LUTHERAN COLLEGE INC with other nonprofits in Minnesota and across the country.