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Bethesda EIN 41-0693843

Bethesda

EIN  41-0693843 Public charity (501(c)(3)) Willmar, MN Founded 1897
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/6/26 · see original filing: IRS
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Size
$10–100M
What they do
Offers housing and nursing care for elderly and disabled individuals.
Leadership
Michelle Haefner · CEO · $299K
Money in and out
$50.5M revenue, $41.7M expenses
Bottom line
91% program efficiency

Offers housing and nursing care for elderly and disabled individuals. For fiscal year 2024 it reported $50.5M in revenue, $41.7M in expenses, and $55.8M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$50.5M
Pt VIII · Ln 12
Total expenses
$41.7M
Pt IX · Ln 25
Net assets
$55.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8.8M
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs0% vs prior filing year
Operating runway
6.0mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▲ +49% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$50.5M
FY2024▲ +18%
Expenses
$41.7M
FY2024▲ +11%
Total assets
$122.9M
FY2024▲ +34%
Total liabilities
$67.1M
FY2024▲ +53%
Total revenue
$50.5M
Pt VIII · Ln 12
Total expenses
$41.7M
Pt IX · Ln 25
Net assets
$55.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8.8M
Total assetsPt X · Ln 16$122.9M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $37.1M of program spending, described in the organization's own filed words · FY2024.
01

Bethesda is located in willmar, minnesota. Bethesda operates exclusively to promote health, religious, and general social welfare of physically and mentally disadvantaged persons, primarily the elderly. Bethesda is a medicare certified agency.

$31.4Mprogram expense
02

North point is an 80 unit independent, enhanced assisted living and enhanced memory care living facility in new london, MN. This facility meets the needs of the area's aging community through individualized living options, health and wellness services and modern amenities which include a salt water pool.

$3.5Mprogram expense
03

Home health services provides in-home health care, while day break services provides daily health care support to individuals who need help , but remain in the community. Home health provides in-home skilled nursing, home health aides, homemaker services, physical therapy, speech therapy, and occupational therapy.

$2.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBethesda
EINHdr · item D41-0693843
Principal addressHdr · item CWillmar, MN
WebsiteHdr · item Jwww.bethesdaliving.org
Year of formationHdr · item L1897
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E91Z)
Ruling yearIRS BMFJun 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$299,077Pt VII · Sec A
Sam Quam
VP of Operations
$142,225Pt VII · Sec A
Baillee Krieger
Administrator
$135,815Pt VII · Sec A
$122,958Pt VII · Sec A
Kristin Rucks
VP of Dev & Mktg
$118,009Pt VII · Sec A
Tamala Gjerde
Finance Director
$99,860Pt VII · Sec A
Michael Gilson
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle Haefner’s $299K as CEO is at the 45th percentile of top reported officer pay among 2900 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michelle Haefner$299,077$319,864$310,782$301,782$284,743$261,432
Ashley Bormann—$11,795$161,531$172,509$126,087$122,962
Sam Quam$142,225$131,598$117,228$111,828——
Baillee Krieger$135,815$114,318————
Crystal Moran$122,958$108,257$102,493———
Joann Woltjier———$119,368——
Kristin Rucks$118,009—————
Virginia Erickson————$116,424—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$45.5M · 90%
Contributions & grants$2.5M · 5%
Investment income$1.5M · 3%
Other revenue$949K · 2%
Program service revenue90%$45.5M
Contributions & grants5%$2.5M
Investment income3%$1.5M
Other revenue2%$949K
— government grantsLn 1e$62K
Total revenueLn 12$50.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$37.7M
Management & general9%$3.9M
Total functional expensesLn 25$41.7M

Balance Sheet

Part X · end of year
CashLn 1$15.9M
Total assetsLn 16$122.9M
Total liabilitiesLn 26$67.1M
Total net assetsLn 32$55.8M
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21.0M · Operating expenses/yr $41.7M
6.0 months
Where the money goes
Program services
Program services $37.7M · Total expenses $41.7M
91%
Management & General
Management & general $3.9M · Total expenses $41.7M
9%
Fundraising
Fundraising $0 · Total expenses $41.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.5M · Total revenue $50.5M
5%
Government reliance
Government grants $62K · Total revenue $50.5M
0%
Earned-income share
Program service revenue $45.5M · Total revenue $50.5M
90%
Investment reliance
Investment income $1.5M · Total revenue $50.5M
+3%
Program self-sufficiency
Program service revenue $45.5M · Total expenses $41.7M
109%
Growth & trend
Revenue growth (YoY)
This year $50.5M · Prior year $42.7M
+18%
Revenue CAGR
FY2019 $29.4M · FY2024 $50.5M
+11%
Net-asset trend (YoY)
End of year $55.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $50.5M · Expenses $41.7M
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $122.9M
—
Net-asset ratio
Net assets $55.8M · Total assets $122.9M
45%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.7M · Other securities (Pt X, ln 12) $343K · Total assets (Pt X, ln 16) $122.9M
4%
People & payroll
Highest Reported Total Compensation
Individual Michelle Haefner · Reported title CEO · Highest reported compensation $299K · Total expenses $41.7M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $29.4M · Total expenses $41.7M
70%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%——
Overhead ratio 9%——
Revenue growth 18%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Sunrise VillageFY2024$1.7M
Bethesda Foundation of WillmarFY2024$369K
Minnesota River Area Agency on Aging INCFY2024$49K
Minnesota Hospital AssociationFY2024$6K
Total grants receivedfrom 4 funders$2.1M
See all 4 funders →
Grants paid · 1 grant · $162K · 2020–2020
Sunrise VillageMN · FY2020$161,989

Similar Organizations

Closest in mission — by what they do
Bethesda House CorporationPA
Bethesda FoundationCO
Bethesda Manor INCTX
Bethesda ProjectPA
Bethesda Home of Aberdeen INCSD
Bethesda Services INCMO
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$42.7M revenue · ⤓ 990 PDF
FY2023$40.9M revenue · ⤓ 990 PDF
FY2022$30.9M revenue · ⤓ 990 PDF
FY2021$31.6M revenue · ⤓ 990 PDF
FY2020$29.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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