BETHANY LUTHERAN HOME (EIN 421014553) - 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

1976

Legal Domicile

Principal Officer

DAN SPELLERBERG

Phone

7123289500

Tax Period

2023-10-01 to 2024-09-30

BETHANY LUTHERAN HOME, founded in 1976, is a mid-sized nonprofit that reported $13.3M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

NURSING CARE, HOUSING, HEALTH CARE AND FINANCIAL SERVICES TO ELDERLY RESIDENTS.

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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 $0

Program Service Revenue $13,252,030

Investment Income $10

Other Revenue $66,839

TOTAL REVENUE $13,318,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,259,700

Fundraising Expenses $0

Program Expenses $10,544,225

Other Expenses $5,935,702

TOTAL EXPENSES $13,195,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,318,879	$16,867,551	-0.2%
Expenses	$13,195,402	$14,785,965	-0.1%
Net Income	$123,477	$2,081,586	-0.9%

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

264

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE MORENO	PRESIDENT	0.50	Officer Director	$0	$0	$0
SHERRIE GUILL	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BILL RINGSVOLD	TREASURER	0.50	Officer Director	$0	$0	$0
SHARON WORTHINGTON	SECRETARY	0.50	Officer Director	$0	$0	$0
DIANE CARLON	DIRECTOR	0.50	Director	$0	$0	$0
ALICE GOODELL	DIRECTOR	0.50	Director	$0	$0	$0
JULIE BURRIS	DIRECTOR	0.50	Director	$0	$0	$0
ART HILL	DIRECTOR	0.50	Director	$0	$0	$0
JOHN SWALWELL	DIRECTOR	0.50	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	$13,318,879	$13,195,402	$5,629,179	$123,477
2023	$16,867,551	$14,785,965	$5,796,358	$2,081,586
2022	$11,098,610	$14,472,728	$7,795,518	$-3,374,118
2021	$13,406,690	$12,750,977	$9,547,485	$655,713
2020	$15,223,215	$14,111,705	$9,360,271	$1,111,510
2019	$13,129,021	$13,512,301	$8,914,949	$-383,280
2018	$11,795,007	$12,764,885	$8,984,370	$-969,878

BETHANY LUTHERAN HOME