Bethesda Associates (EIN 841087692) - 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

1988

Legal Domicile

Phone

7194810100

Tax Period

2023-10-01 to 2024-09-30

Bethesda Associates, founded in 1988, is a community nonprofit in the Religion sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $6.1M exceeded revenue, resulting in a 50% operating deficit.

Mission

To be a supporting organization for Bethesda Foundation.

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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 $0

Program Service Revenue $4,259,440

Investment Income $-168,150

Other Revenue $-11,745

TOTAL REVENUE $4,079,545

Expense Breakdown

Grants Paid $14,077

Salaries & Benefits $4,204,582

Fundraising Expenses $0

Program Expenses $3,952,417

Other Expenses $1,911,061

TOTAL EXPENSES $6,129,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,079,545	$4,551,997	-0.1%
Expenses	$6,129,720	$5,703,334	+0.1%
Net Income	$-2,050,175	$-1,151,337	+0.8%

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

$842,325

Total Directors

$930,390

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dana Rasic	President & Director	10.0	Officer Director	$364,389	$43,634	$408,023
Nathan Merrill	CFO, VP, Treasurer & Director	10.0	Officer Director	$249,361	$44,313	$293,674
Dale Turner	Director	2.0	Director	$61,000	$3,483	$64,483
Daniel Vagle	Director	1.0	Director	$61,000	$3,609	$64,609
Don Morgan	Director	2.0	Director	$0	$3,385	$64,385
Larry Smith	Director	2.0	Director	$0	$4,716	$35,216
Austin Harbach	Assistant Secretary	5.0	Officer	$115,312	$14,863	$130,175
Jenny Kennedy	Secretary	1.5	Officer	$10,453	$0	$10,453
Tom Workman	Assistant Secretary	0.5	Officer	$0	$0	$0
Christi Miller	Vice President of HR	5.0	Highest	$161,006	$17,377	$178,383
John Daneluk	Controller	2.0	Highest	$120,672	$23,596	$144,268
Steve Endicott	Vice President of IT	40.0	Highest	$138,592	$17,934	$156,526

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	$4,079,545	$6,129,720	$37,451,555	$-2,050,175
2023	$4,551,997	$5,703,334	$37,008,081	$-1,151,337
2022	$4,415,709	$5,399,363	$33,491,370	$-983,654
2021	$6,342,925	$4,613,531	$36,099,064	$1,729,394
2020	$4,505,824	$4,776,651	$34,233,378	$-270,827
2019	$4,644,435	$6,354,115	$34,971,521	$-1,709,680
2018	$4,214,354	$13,716,041	$35,256,449	$-9,501,687

Bethesda Associates