Samaritan Bethany Inc
Nonprofit profile at a glance
- EIN
- 411373420
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Rochester, MN, USA
- Phone
- 5072895042
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $19,091,535
- Expenses
- $18,377,891
- Assets
- $33,210,322
- Liabilities
- $31,334,993
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- DR JERRY SWANSON (PRESIDENT)
- JOHN HAUG (VICE PRESIDENT)
- SUSAN KNUTSON (CEO - PART YEAR)
- KYLA BERG (ADMINISTRATOR/CO-CEO)
- RACHAEL MAXFIELD (HOUSING MGR/CO-CEO)
Highest reported compensation
- KYLA BERG (ADMINISTRATOR/CO-CEO): $150,233 total reported compensation
- RACHAEL MAXFIELD (HOUSING MGR/CO-CEO): $132,891 total reported compensation
- BRANDON MILLER (CFO): $124,179 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide housing, nursing care and related services to residents of a nursing home and an apartment complex complete with assisted living and memory care for the elderly.
What it reported doing in 2024
Providing housing, nursing care and related services to residents of a nursing home and an apartment complex complete with assisted living and memory care for the elderly in the rochester, Minnesota area. The home is licensed for 182 nursing home beds with 128 active and arbor terrace has 83 apartment units.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- 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. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 85
- Accountability: 100
- Sustainability: 50
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.5%; rating input score 82
- Program expense ratio: 85.8%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.7%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 1.81; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.94; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: -1.7% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 11th percentile among comparable filings
- Asset growth: -2% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 81.5% of revenue deployed · 85.8% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $15.8M in reported program spending
- Leadership: top reported pay $150K · 17 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $2.6M reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.