BETHANY CENTER FOR PRAYER AND RENEWAL

EIN: 872122707 501(c)(3) Religion

EDINA, MN

Total Revenue
$1,151,635
Total Expenses
$216,308
Total Assets
$4,648,248
Net Assets
$3,180,093
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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
2021
Legal Domicile
MN
Principal Officer
CORRINA CONLEY
Tax Period
2023-01-01 to 2023-12-31

BETHANY CENTER FOR PRAYER AND RENEWAL, founded in 2021, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 374% from the prior year, signaling strong growth momentum. The organization ran a surplus of $935K, a strong 81% operating margin.

Mission

PROVIDE THE OPPORTUNITY FOR PEOPLE TO ENCOUNTER GOD THROUGH REFLECTION, RADICAL HOSPITALITY, AND RESURRECTION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,112,422
Program Service Revenue $0
Investment Income $29,613
Other Revenue $9,600
TOTAL REVENUE $1,151,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $108
Program Expenses $207,090
Other Expenses $216,308
TOTAL EXPENSES $216,308

Year-over-Year Comparison

2023 2022 Change
Revenue $1,151,635 $242,807 +3.7%
Expenses $216,308 $183,774 +0.2%
Net Income $935,327 $59,033 +14.8%
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

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Governance

Voting Members
6
Independent Members
6
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN KELLY DIRECTOR 0.12
Director
$0 $0 $0
MANDY SEYMOUR DIRECTOR 0.12
Director
$0 $0 $0
JASON WALGRAVE DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY HUARD SECRETARY 0.19
Officer Director
$0 $0 $0
SHERYL MORAN BOARD CHAIR 15.00
Officer Director
$0 $0 $0
FR BRIAN FISCHER VICE CHAIR 10.00
Officer Director
$0 $0 $0
CORRINA CONLEY TREASURER 5.00
Officer 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 $1,151,635 $216,308 $4,648,248 $935,327
2022 $242,807 $183,774 $3,653,599 $59,033
2021 $2,227,221 $58,599 $5,727,164 $2,168,622
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