BETHANY CENTER FOR PRAYER AND RENE… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

Expenses: $207,090

FOUNDED ON OCTOBER 1, 2021, BETHANY CENTER FOR PRAYER AND RENEWAL ACQUIRED A BEAUTIFUL PROPERTY IN SCANDIA, MN WITH THE VISION FOR DEVELOPING THE PROPERTY INTO A HERMITAGE AND RETREAT CENTER THAT...

FOUNDED ON OCTOBER 1, 2021, BETHANY CENTER FOR PRAYER AND RENEWAL ACQUIRED A BEAUTIFUL PROPERTY IN SCANDIA, MN WITH THE VISION FOR DEVELOPING THE PROPERTY INTO A HERMITAGE AND RETREAT CENTER THAT WILL SERVE PRIESTS AND OTHER ORDAINED MINISTERS, AS WELL AS LAY PEOPLE. RETREATS WERE HELD FOR SEVERAL PRIESTS BEGINNING IN THE FALL OF 2022 AND WE BEGAN TO SEE THE VISION FOR BETHANY CENTER TAKE LIFE. WE WILL EXPAND RETREATS TO SERVE MORE PRIESTS AND LAY PEOPLE GOING FORWARD.

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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 $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

Governance

Voting Members

Independent Members

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
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

BETHANY CENTER FOR PRAYER AND RENEWAL