BETHANY LUTHERAN HOME FOR THE AGED INC (EIN 460233029) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

DEBORAH HERRBOLDT

Phone

6053382351

Tax Period

2024-07-01 to 2025-06-30

BETHANY LUTHERAN HOME FOR THE AGED INC, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $13.6M in total revenue in fiscal year 2017. Expenses of $13.1M left a modest 4% surplus.

Mission

PROVIDE SENIOR LIVING FACILITIES AND CARE FOR THE BODY, MIND, AND SPIRIT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $245,860

Program Service Revenue $19,314,810

Investment Income $271,407

Other Revenue $84,273

TOTAL REVENUE $19,916,350

Expense Breakdown

Grants Paid $1,950

Salaries & Benefits $11,045,541

Fundraising Expenses $94,839

Program Expenses $16,977,121

Other Expenses $8,184,589

TOTAL EXPENSES $19,232,080

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,916,350	$18,478,812	+0.1%
Expenses	$19,232,080	$19,109,767	+0.0%
Net Income	$684,270	$-630,955	-2.1%

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

509

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

$295,145

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM SANDEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEE PERSON	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT ANDERSON	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLEN JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN KRUSE	TREASURER	1.00	Officer Director	$0	$0	$0
PASTOR LORI HOPE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL FLIER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY HENDRICKS-WILLKENS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PAULSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNDA FONDER	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN ZINGMARK	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA NEIDERHISER	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY KREMINZ	BOARD MEMBER (BEG JAN 2025)	1.00	Director	$0	$0	$0
ROSE GRANT	BOARD MEMBER (UNTIL JAN 2025)	1.00	Director	$0	$0	$0
DEBORAH HERRBOLDT	CEO/ADMINISTRATOR	45.00	Officer	$208,136	$11,991	$220,127
HEATHER KROGER	CFO	45.00	Officer	$68,472	$6,546	$75,018
RHONDA STURGEON	REGISTERED NURSE	62.80	Highest	$116,869	$534	$117,403
CAITLYN NICKELL	SIOUX FALLS DIRECTOR OF NURSING	45.00	Highest	$103,969	$5,834	$109,803
HUNTER WINKELPLECK	BRANDON ADMINISTRATOR	45.00	Highest	$102,553	$13,426	$115,979
KATIE PAAUW	BRANDON DIRECTOR OF NURSING	45.00	Highest	$102,039	$4,918	$106,957

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	$19,916,350	$19,232,080	$31,409,579	$684,270
2024	$18,478,812	$19,109,767	$30,635,492	$-630,955
2023	$20,164,536	$18,329,827	$30,262,577	$1,834,709
2022	$16,408,345	$17,284,728	$29,243,342	$-876,383
2021	$17,151,519	$15,712,431	$30,904,016	$1,439,088
2020	$14,574,848	$14,625,190	$30,917,173	$-50,342
2019	$13,639,228	$13,420,297	$29,704,506	$218,931
2018	$13,608,497	$13,085,759	$31,371,946	$522,738

BETHANY LUTHERAN HOME FOR THE AGED INC