Bethel House Incorporated

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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

3038199866

Tax Period

2023-01-01 to 2023-12-31

Bethel House Incorporated, founded in 1988, is a micro nonprofit in the Housing & Shelter sector that reported $61K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $122K exceeded revenue, resulting in a 99% operating deficit.

Mission

Housing for HIV and AIDS chronically ill clients.

Program Service Accomplishments

Program 1

Expenses: $122,221

All income is used to maintain and support Bethel House's 12-unit apartment building. This enables chronically ill clients to have access to below fair market value housing. The amount below (grants)...

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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 $59,552

Investment Income $1,797

Other Revenue $0

TOTAL REVENUE $61,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,221

Other Expenses $122,221

TOTAL EXPENSES $122,221

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,349	$69,456	-0.1%
Expenses	$122,221	$113,029	+0.1%
Net Income	$-60,872	$-43,573	+0.4%

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

N/A

Employees

N/A

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
Michael Tracy	Treasurer	5.00	Director	$0	$0	$0
Frank Fredericks	President	20.00	Director	$0	$0	$0
Juliet Norry	Vice President	10.00	Director	$0	$0	$0
Ada Prado	Secretary	5.00	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	$61,349	$122,221	$724,411	$-60,872
2022	$69,456	$113,029	$775,275	$-43,573
2021	$54,467	$82,959	$834,558	$-28,492
2020	$71,629	$64,460	$865,841	$7,169
2019	$61,708	$78,706	$860,247	$-16,998
2018	$52,481	$69,951	$880,105	$-17,470