The Bethel Corporation

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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

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 clean, safe, and affordable housing to lower and moderate income persons of Washington County, Maryland respecting the dignity and pride of all humankind.

Program Service Accomplishments

Program 1

Expenses: $51,922

During 2022, the Organization provided approximately 33,600 days of affordable housing to 120 persons of lower to moderate income.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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