Bethany Lutheran Church 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

1985

Legal Domicile

Phone

3037582820

Tax Period

2023-01-01 to 2023-12-31

Bethany Lutheran Church Foundation, founded in 1985, is a micro nonprofit that reported $20K in total revenue in fiscal year 2023. Expenses of $62K exceeded revenue, resulting in a 217% operating deficit.

Mission

The primary exempt purpose of the Bethany Lutheran Church Foundation is to provide a permanent financial resource to strengthen and expand the mission of Bethany Lutheran Church congregation by providing additional stewardship opportunities for congregation members and friends of Bethany. Expenditures are made to further the education of members attending seminaries and undergraduate colleges through scholarship support. In addition, expenditures of the Foundation are envisioned as being for projects or undertakings which would seem likely to enrich, or uplift in some special way, the spiritual life of the Bethany Lutheran Church congregation; which would provide some worthy addition or improvement to the facilities of Bethany Lutheran Church, that are beyond achievement through other channels, or which would give needed assistance or support to a worthy individual, family, or Christian enterprise.

Program Service Accomplishments

Program 1

Expenses: $49,378

For 2023, ministry grants were awarded in the amount of $49,378 and constisted of the following: Liv Project (Bethany Lutheran Church Faith Formation Team) - $5,000; Holy Hammers/Habitat for Humanity - $10,000; Hands of the Carpenter - $5,000; Sky High Hope Camp - $1,500; Centus Counseling, Consulting & Education - $2,500; Veteran Servant Corps - $3,000; Metro Caring - $5,000; Karis Community - $2,500; Lutheran Family Services Rocky Mountains - $2,500; Urban Servant Corp (USC) - $2,500; Active8 Sports, Inc. DBA All-Stars Club - $2,500; Showers for All - $2,500; SAME Cafe Denver - $4,878.

Program 2

Expenses: $3,251

Seminary and undergraduate scholarships which benefited seminary students attending Evangelical Lutheran Church in America (ELCA) institutions.

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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 $985

Program Service Revenue $0

Investment Income $18,595

Other Revenue $0

TOTAL REVENUE $19,580

Expense Breakdown

Grants Paid $52,629

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,629

Other Expenses $9,400

TOTAL EXPENSES $62,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,580	$19,524	+0.0%
Expenses	$62,029	$63,860	0.0%
Net Income	$-42,449	$-44,336	0.0%

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

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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Treasurer (Part Year)	3.0	Officer Director	$0	$0	$0
N/A	Board Chair	4.0	Officer Director	$0	$0	$0
N/A	Board Secretary (Part Year)	4.0	Officer Director	$0	$0	$0
N/A	Board Treasurer/Secretary	4.0	Officer Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member (Part Year)	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	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
2024	No data	No data	No data	No data
2023	$19,580	$62,029	$1,068,280	$-42,449
2022	$19,524	$63,860	$997,206	$-44,336
2021	$98,252	$59,195	$1,233,760	$39,057
2020	$32,165	$54,009	$1,175,422	$-21,844
2019	$89,369	$51,869	$1,108,795	$37,500
2018	$-41,362	$50,633	$1,013,195	$-91,995