BETHEL MUSIC (EIN 474005681) - 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

2014

Legal Domicile

Principal Officer

JENNIFER JOHNSON

Phone

5303517561

Tax Period

2023-08-01 to 2024-07-31

BETHEL MUSIC, founded in 2014, is a mid-sized nonprofit in the Religion sector that reported $19.6M in total revenue in fiscal year 2023. Expenses of $19.0M left a modest 3% surplus.

Mission

PRODUCTION, PUBLICATION, AND SALE OF CREATIVE ASSETS FOR THE BENEFIT OF BETHEL CHURCH OF REDDING AND OTHER CHRISTIAN ARTISTS.

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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 $3,502

Program Service Revenue $1,413,411

Investment Income $880,056

Other Revenue $17,349,388

TOTAL REVENUE $19,646,357

Expense Breakdown

Grants Paid $469,376

Salaries & Benefits $4,916,088

Fundraising Expenses $0

Program Expenses $15,506,070

Other Expenses $13,600,451

TOTAL EXPENSES $18,985,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,646,357	$18,390,508	+0.1%
Expenses	$18,985,915	$18,285,758	+0.0%
Net Income	$660,442	$104,750	+5.3%

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

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

$811,247

Total Directors

$268,261

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER JOHNSON	PRESIDENT	40.00	Officer Director	$0	$32	$127,518
BRIAN JOHNSON	BOARD MEMBER	1.00	Officer Director	$0	$20,384	$37,998
BILL JOHNSON	BOARD MEMBER	1.00	Director	$0	$9,702	$102,745
JOHN RAFTERY	CFO	40.00	Officer	$0	$11,669	$268,533
BALTAZAR PAZOS-VILLARREAL	COO	40.00	Officer	$0	$11,981	$377,198
BLAKE CITRO	HCE	40.00	Highest	$0	$6,556	$194,328
ADRIAN THOMPSON	HCE	40.00	Highest	$0	$12,980	$158,797
JAMES WHITWORTH	HCE	40.00	Highest	$0	$11,669	$113,055
CHRISTIAN OSTROM	HCE	40.00	Highest	$0	$12,195	$114,046
MATTHEW LOPEZ	HCE	40.00	Highest	$0	$13,284	$114,988

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	$19,646,357	$18,985,915	$22,104,054	$660,442
2023	$18,390,508	$18,285,758	$18,424,866	$104,750
2022	$11,113,802	$10,252,945	$17,978,802	$860,857
2021	$17,178,099	$9,862,494	$17,020,388	$7,315,605
2020	$11,251,123	$10,559,385	$9,535,237	$691,738
2019	$12,779,515	$12,523,180	$8,204,590	$256,335
2018	$12,485,869	$11,089,483	$8,166,569	$1,396,386

BETHEL MUSIC