BETH HAVEN TERRACE INC

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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

1980

Legal Domicile

Principal Officer

KERRI LAUTERBACH

Phone

5733316000

Tax Period

2023-10-01 to 2024-09-30

BETH HAVEN TERRACE INC, founded in 1980, is a small nonprofit that reported $772K in total revenue in fiscal year 2023. The organization ran a surplus of $178K, a strong 23% operating margin.

Mission

BETH HAVEN PROVIDES QUALITY CARE IN A SUPPORTIVE CHRISTIAN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $528,920 Revenue: $700,886

RENTAL HOUSING FOR LOW-INCOME SENIOR CITIZENS AND THE HANDICAPPED. THERE ARE 101 APARTMENTS FOR THE ELDERLY.AFFORDABLE HOUSING RENT IS BASED ON INCOME. DESIGNED FOR PEOPLE WHO WISH TO ENJOY THE...

RENTAL HOUSING FOR LOW-INCOME SENIOR CITIZENS AND THE HANDICAPPED. THERE ARE 101 APARTMENTS FOR THE ELDERLY.AFFORDABLE HOUSING RENT IS BASED ON INCOME. DESIGNED FOR PEOPLE WHO WISH TO ENJOY THE INDEPENDENCE AND PRIVACY OF THEIR OWN PLACE WITHOUT THE RESPONSIBILITY OF HOME OWNERSHIP AND MAINTENANCE. THE APARTMENTS ARE EQUIPPED TO PROVIDE MAXIMUM OPPORTUNITY FOR ACTIVE, MEANINGFUL LIVING IN YOUR RETIREMENT YEARS. EACH OF THE APARTMENTS, 600 SQUARE FEET, ARE LARGE ENOUGH TO BE COMFORTABLY COZY, YET SMALL ENOUGH TO MAKE CLEANING AND MAINTENANCE EASY.

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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 $700,886

Investment Income $0

Other Revenue $70,622

TOTAL REVENUE $771,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,482

Fundraising Expenses $0

Program Expenses $528,920

Other Expenses $439,089

TOTAL EXPENSES $593,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$771,508	$718,614	+0.1%
Expenses	$593,571	$677,953	-0.1%
Net Income	$177,937	$40,661	+3.4%

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

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

$169,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL SMITH	CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARK ALBEE	DIRECTOR	0.50	Director	$0	$0	$0
CLAY THORNBURG	DIRECTOR (TERM ENDED 7/24)	0.50	Director	$0	$0	$0
SUSAN TATE	DIRECTOR	0.50	Director	$0	$0	$0
SHAWN JANES	DIRECTOR	0.50	Director	$0	$0	$0
KERRI LAUTERBACH	CEO	10.00	Officer	$0	$26,674	$169,961

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	$771,508	$593,571	$1,031,446	$177,937
2023	$718,614	$677,953	$787,577	$40,661
2022	$675,878	$628,926	$655,557	$46,952
2021	$670,981	$631,469	$759,347	$39,512
2020	$683,727	$634,001	$844,668	$49,726
2019	$651,102	$648,318	$1,020,623	$2,784
2018	$658,108	$642,176	$1,191,591	$15,932