BETHANY COLLEGE (EIN 550356985) - 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

1840

Legal Domicile

Principal Officer

DR JAMIE CARIDI

Phone

3048297000

Tax Period

2023-07-01 to 2024-06-30

BETHANY COLLEGE, founded in 1840, is a mid-sized nonprofit in the Education sector that reported $45.6M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $43.1M left a modest 6% surplus.

Mission

TEACHING AND LEARNING FROM THE MISSION OF BETHANY COLLEGE.

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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 $12,244,301

Program Service Revenue $30,413,892

Investment Income $1,524,662

Other Revenue $1,445,690

TOTAL REVENUE $45,628,545

Expense Breakdown

Grants Paid $15,629,071

Salaries & Benefits $10,912,806

Fundraising Expenses $913,549

Program Expenses $37,120,206

Other Expenses $16,576,428

TOTAL EXPENSES $43,118,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,628,545	$34,076,206	+0.3%
Expenses	$43,118,305	$39,994,259	+0.1%
Net Income	$2,510,240	$-5,918,053	-1.4%

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

568

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

$141,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE CARIDI	PRESIDENT	40.00	Officer Director	$0	$0	$0
TODD A ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
THADDAEUS B ALLEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEN M BADO	CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT S BROOKS	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN BUTSCHI	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD G CLANCY III	TRUSTEE	1.00	Director	$0	$0	$0
EVELYN DEL CERRO	TRUSTEE	1.00	Director	$0	$0	$0
TAYLOR GURBACS	TRUSTEE	1.00	Director	$0	$0	$0
LOGAN M HASSIG	TRUSTEE	1.00	Director	$0	$0	$0
DEAN R HAUBRICH	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK J HOSEY	TRUSTEE	1.00	Director	$0	$0	$0
CARMINA HUGHES	SECRETARY	1.00	Officer Director	$0	$0	$0
JOYCE P JEFFERSON	TRUSTEE	1.00	Director	$0	$0	$0
ASA J JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR B KEYS JR	TRUSTEE	1.00	Director	$0	$0	$0
S D LESIAK	TRUSTEE	1.00	Director	$0	$0	$0
G D MARTICH	TRUSTEE	1.00	Director	$0	$0	$0
DONALD S MCBRIDE	TRUSTEE	1.00	Director	$0	$0	$0
PERRY C PAYNE	TRUSTEE	1.00	Director	$0	$0	$0
GEORGIANA C RILEY	TRUSTEE	1.00	Director	$0	$0	$0
JHAMAL K ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD J SEE	TRUSTEE	1.00	Director	$0	$0	$0
EDAVID S SIMS	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN L TUCKER	TRUSTEE	1.00	Director	$0	$0	$0
DONALD W WAUGAMAN	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG A WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY J WODA	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN HALULKO	VP BUSINESS & FINANCE	40.00	Officer	$102,951	$38,992	$141,943
LORI WEAVER	VP ADVANCEMENT & COMMUNICATIONS	40.00	Highest	$140,548	$28,599	$169,147
DANA BEARER	VP OF ENROLLMENT	40.00	Highest	$119,325	$20,664	$139,989
ALEX MATTHEW	PROFESSOR	40.00	Highest	$105,783	$28,278	$134,061
ANJU RAMJEE	VP OF ACADEMIC AFFAIRS	40.00		$127,762	$47,363	$175,125

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	No data	No data	No data	No data
2024	$45,628,545	$43,118,305	$84,779,572	$2,510,240
2023	$34,076,206	$39,994,259	$85,102,571	$-5,918,053
2022	$39,107,176	$38,791,585	$103,894,837	$315,591
2021	$39,768,123	$36,565,770	$94,153,233	$3,202,353
2020	$28,920,310	$34,974,056	$86,037,738	$-6,053,746
2019	$30,277,583	$35,537,369	$88,127,928	$-5,259,786
2018	$37,838,229	$36,362,006	$84,936,849	$1,476,223

BETHANY COLLEGE