BETHEL LUTHERAN FOUNDATION (EIN 450390238) - 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

1986

Legal Domicile

Principal Officer

JOEL BABCOCK

Phone

7015720223

Tax Period

2025-01-01 to 2025-12-31

BETHEL LUTHERAN FOUNDATION, founded in 1986, is a community nonprofit in the Health Care sector that reported $6.4M in total revenue in fiscal year 2025. Revenue surged 113% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 53% operating margin.

Mission

ENDOWING AND SUPPORTING BETHEL LUTHERAN NURSING AND REHABILITATION CENTER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,557,710

Program Service Revenue $640,704

Investment Income $1,343,117

Other Revenue $892,489

TOTAL REVENUE $6,434,020

Expense Breakdown

Grants Paid $1,955,886

Salaries & Benefits $391,928

Fundraising Expenses $79,987

Program Expenses $2,648,612

Other Expenses $690,183

TOTAL EXPENSES $3,037,997

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,434,020	$3,019,035	+1.1%
Expenses	$3,037,997	$1,998,624	+0.5%
Net Income	$3,396,023	$1,020,411	+2.3%

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

$107,733

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN SUNDET	PRESIDENT	1.00	Officer Director	$0	$0	$0
AARON SCHMIT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RUTH CARLSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TINA HANSON	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
BELINDA MOEN	DIRECTOR	1.00	Director	$0	$0	$0
KEEFE LOVGREN	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$73,112	$1,759	$74,871
JOEL BABCOCK	EXECUTIVE DIRECTOR	40.00	Officer	$31,385	$1,477	$32,862

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	$6,434,020	$3,037,997	$18,506,202	$3,396,023
2024	$3,019,035	$1,998,624	$14,936,887	$1,020,411
2023	$2,457,810	$3,608,415	$13,418,424	$-1,150,605
2022	$1,864,310	$883,266	$13,641,990	$981,044
2021	$2,552,181	$882,379	$14,267,532	$1,669,802
2020	$1,462,160	$990,172	$12,611,119	$471,988
2019	$1,458,848	$786,970	$11,405,231	$671,878
2018	$2,096,895	$835,364	$9,761,327	$1,261,531

BETHEL LUTHERAN FOUNDATION