BETHANY LUTHERAN FOUNDATION

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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

1984

Legal Domicile

Principal Officer

DAN SPELLERBERG

Phone

7123253514

Tax Period

2023-10-01 to 2024-09-30

BETHANY LUTHERAN FOUNDATION, founded in 1984, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $77K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $415K exceeded revenue, resulting in a 442% operating deficit.

Mission

TO SUPPORT BETHANY LUTHERAN HOME OF COUNCIL BLUFFS, IA IN CARRYING OUT ITS MISSION.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

BETHANY FOUNDATION BUYS AND ASSISTS IN THE PURCHASE OF EQUIPMENT, SUPPLIES AND IMPROVEMENTS, AND THEY ALSO PURCHASE MISCELLANEOUS SERVICES FOR THE BENEFIT OF BETHANY LUTHERAN HOME.

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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 $22,209

Program Service Revenue $0

Investment Income $54,331

Other Revenue $0

TOTAL REVENUE $76,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $414,841

TOTAL EXPENSES $414,841

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,540	$808,196	-0.9%
Expenses	$414,841	$4,208,002	-0.9%
Net Income	$-338,301	$-3,399,806	-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

N/A

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
STAN ULLERICH	PRESIDENT	0.50	Officer Director	$0	$0	$0
SONJA MORTON	SECRETARY	1.50	Officer Director	$0	$0	$0
BILL RINGSDORF	TREASURER	1.00	Officer Director	$0	$0	$0
BOB GREGORY	DIRECTOR	0.50	Director	$0	$0	$0
KEN KEMMISH	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	$76,540	$414,841	$677,345	$-338,301
2023	$808,196	$4,208,002	$914,405	$-3,399,806
2022	$-81,654	$15,000	$4,409,819	$-96,654
2021	$307,539	$106,118	$4,701,521	$201,421
2020	$179,954	$91,302	$4,363,935	$88,652
2019	$138,172	$86,748	$4,199,827	$51,424
2018	$588,127	$102,541	$4,120,890	$485,586