Bethany Haven Inc
Nonprofit profile at a glance
- EIN
- 311521503
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-N 2016
- Location
- Bardstown, KY, USA
- Phone
- 5023497239
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Rehabilitation Services for Offenders
Reported finances
- Revenue
- $344,379
- Expenses
- $317,344
- Assets
- $608,431
- Liabilities
- $10,170
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- TREASURE DAVIDSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- TREASURE DAVIDSON (EXECUTIVE DIRECTOR): $52,648 total reported compensation
- MIKAL CASTLEMAN (ASSISTANT DIRECTOR): $44,709 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing transitional homeless shelter for men, women and children in the bardstown/nelson county community
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 92
- Accountability: 68
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.4%; rating input score 79
- Program expense ratio: 84.7%; rating input score 85
- Fundraising efficiency: $20.73 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.9%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 1.92; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 30.7%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 8.9% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 21.9% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 35% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 79.4% of revenue deployed · 84.7% of spending went to programs
- Governance: 12 of 12 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $269K in reported program spending
- Leadership: top reported pay $53K · 14 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 59/100.
- Review — Sustainability: Operating margin scored 56/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.