The Bethel Corporation

EIN: 520888335 501(c)(3) Housing & Shelter

Hagerstown, MD

Total Revenue
$215,983
Total Expenses
$56,584
Total Assets
$5,891,129
Net Assets
$5,891,129
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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
1968
Legal Domicile
MD
Principal Officer
Ruby A Barnett
Phone
3017333350
Tax Period
2022-01-01 to 2022-12-31

The Bethel Corporation, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $216K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 74% operating margin.

Mission

To provide housing to lower income families of the Washington County Maryland area.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $215,983
Other Revenue $0
TOTAL REVENUE $215,983

Expense Breakdown

Grants Paid $2,807
Salaries & Benefits $41,920
Fundraising Expenses $0
Program Expenses $51,922
Other Expenses $11,857
TOTAL EXPENSES $56,584

Year-over-Year Comparison

2022 2021 Change
Revenue $215,983 $174,096 +0.2%
Expenses $56,584 $30,007 +0.9%
Net Income $159,399 $144,089 +0.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
N/A

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ruby Barnett Board President 000.50
Officer Director
$0 $0 $0
Patricia Gibson Board Secretary 000.50
Officer Director
$0 $0 $0
Mary Spencer Board Member 000.50
Director
$0 $0 $0
Loren Fowlkes Board Member 000.50
Director
$0 $0 $0
Debra Shrader Board Member 000.50
Director
$0 $0 $0
Kim Buchanon Board Member 000.50
Director
$0 $0 $0
J Terry Masters Board Member 000.50
Director
$0 $0 $0
Rodney Gibson Board Member 000.50
Director
$0 $0 $0
Harry Barnett Board Member 000.50
Director
$0 $0 $0
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
2022 $215,983 $56,584 $5,891,129 $159,399
2021 $174,096 $30,007 $5,731,730 $144,089
2020 $223,357 $118,257 $5,590,849 $105,100
2019 $492,574 $145,425 $5,482,541 $347,149
2018 $308,519 $218,288 $5,167,727 $90,231
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