Bethesda 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

1959

Legal Domicile

Phone

7194810100

Tax Period

2023-10-01 to 2024-09-30

Bethesda Foundation, founded in 1959, is a mid-sized nonprofit in the Human Services sector that reported $57.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

To serve seniors by enriching their physical, emotional, and spiritual health in a nurturing lifestyle at our communities. Our vision: to expand outreach and service to as many communities as God wills through expansion, acquisition, management contracts and programming.

Program Service Accomplishments

Program 1

Expenses: $48,370,422 Revenue: $52,645,967

Development and operation of tax exempt assisted living communities, independent living communities, and memory care facilities for seniors in Arizona, Colorado, Missouri, Nebraska, and Texas. Cared...

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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 $594,874

Program Service Revenue $52,496,162

Investment Income $3,950,396

Other Revenue $183,471

TOTAL REVENUE $57,224,903

Expense Breakdown

Grants Paid $34,284

Salaries & Benefits $29,382,414

Fundraising Expenses $0

Program Expenses $48,370,422

Other Expenses $27,991,786

TOTAL EXPENSES $57,408,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,224,903	$49,048,778	+0.2%
Expenses	$57,408,484	$55,679,768	+0.0%
Net Income	$-183,581	$-6,630,990	-1.0%

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

1754

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

$1,168,084

Total Directors

$1,517,393

Key Employees

$191,178

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dana Rasic	President, Chair & Director	25.0	Officer Director	$0	$43,634	$408,023
Daniel Vagle	Vice Chair & Director	2.0	Officer Director	$0	$3,609	$64,609
Jenny Kennedy	Secretary & Director	1.5	Officer Director	$0	$0	$10,453
Nathan Merrill	CFO, Treasurer & Director	25.0	Officer Director	$0	$44,313	$293,674
Rick Summers	Vice President & Director	25.0	Officer Director	$241,509	$19,641	$261,150
Christi Miller	VP of Human Resources & Director	20.0	Director	$0	$17,377	$178,383
Dale Turner	Director	2.0	Director	$0	$3,483	$64,483
Don Morgan	Director	2.0	Director	$61,000	$3,385	$64,385
Kristen Jacoby	Regional Dir of Ops & Director	25.0	Director	$133,698	$3,319	$137,017
Larry Smith	Director	3.0	Director	$30,500	$4,716	$35,216
Austin Harbach	Assistant Secretary	25.0	Officer	$0	$14,863	$130,175
Kimberly Erickson	Chief Operating Officer	30.0	Officer	$0	$0	$0
Tom Workman	Assistant Secretary	1.0	Officer	$0	$0	$0
Joshua Thomas	VP of Strategy & Development	15.0	Key Emp	$165,736	$25,442	$191,178
Andrew McCormick	Regional Director of Operations	25.0	Highest	$135,254	$28,854	$164,108
Brittney Moore	VP of Health Services	24.0	Highest	$152,172	$7,297	$159,469
Earl Saxon Jr	Regional Director of Operations	25.0	Highest	$150,034	$14,678	$164,712
Kris Gillen	VP of Sales & Marketing	30.0	Highest	$157,731	$5,752	$163,483
William Schwingen	Regional Director of Operations	15.0	Highest	$130,743	$26,598	$157,341

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	$57,224,903	$57,408,484	$109,156,037	$-183,581
2023	$49,048,778	$55,679,768	$109,553,780	$-6,630,990
2022	$48,564,730	$50,643,975	$103,543,302	$-2,079,245
2021	$43,407,177	$47,489,714	$104,909,820	$-4,082,537
2020	$36,355,879	$40,808,800	$97,114,052	$-4,452,921
2019	$37,381,284	$40,528,533	$96,379,488	$-3,147,249
2018	$35,187,902	$37,459,168	$104,457,915	$-2,271,266