Bethany Lutheran Health Services
- Assets
- $7.8m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 300
- Location
- Council Bluffs, IA
- Founding
- 12/1975
- Data as of
- 09/2022
- EIN
- 42-1014553
Organization Overview
Bethany Lutheran Health Services is located in Council Bluffs, IA. The organization was established in 1975. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2022, Bethany Lutheran Health Services employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Lutheran Health Services is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Bethany Lutheran Health Services generated $11.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $14.5m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NURSING CARE, HOUSING, HEALTH CARE AND FINANCIAL SERVICES TO ELDERLY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHANY LUTHERAN HOME, A 121 BED NURSING CARE FACILITY, AND BETHANY LUTHERAN HEIGHTS, A 60 UNIT CONGREGATE LIVING FACILITY, PROVIDING NURSING CARE, HOUSING, HEALTH CARE AND FINANCIAL SERVICES TO ELDERLY RESIDENTS AT THE LOWEST FEASIBLE COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Ruffcorn President | OfficerTrustee | 0.5 | $0 |
Rod Carnahan Vice President | OfficerTrustee | 0.5 | $0 |
Dan Heithoff Treasurer | OfficerTrustee | 0.5 | $0 |
Julie Moreno Secretary As Of January 2022 | OfficerTrustee | 0.5 | $0 |
Dr Bob Gregory Secretary Through December 2021 | OfficerTrustee | 0.5 | $0 |
David Hansen Director Through December 2021 | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehab Visions Therapy Services | 9/29/17 | $482,212 |
Boyd Jones Construction Construction Services | 9/29/17 | $372,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,792 |
| Total Program Service Revenue | $10,963,938 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,098,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,085 |
| Compensation of current officers, directors, key employees. | $68,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,887,584 |
| Pension plan accruals and contributions | $44,777 |
| Other employee benefits | $354,921 |
| Payroll taxes | $413,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,405 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $253,817 |
| Advertising and promotion | $123,318 |
| Office expenses | $217,055 |
| Information technology | $168,300 |
| Royalties | $0 |
| Occupancy | $1,584,661 |
| Travel | $10,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385,171 |
| Insurance | $237,246 |
| All other expenses | $308,060 |
| Total functional expenses | $14,472,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $606,206 |
| Pledges and grants receivable | $2,278 |
| Accounts receivable, net | $1,773,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $98,113 |
| Prepaid expenses and deferred charges | $55,461 |
| Net Land, buildings, and equipment | $4,730,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $529,762 |
| Total assets | $7,795,518 |
| Accounts payable and accrued expenses | $1,917,782 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $123,891 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,066,231 |
| Unsecured mortgages and notes payable | $32,303 |
| Other liabilities | $3,151,046 |
| Total liabilities | $6,291,253 |
| Net assets without donor restrictions | $1,504,265 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,795,518 |