filetype:pdf bethesdafinancial.com

Bethesda Financial Advisors, LLC: An Overview

Bethesda Financial Advisors, LLC, offers financial guidance, as detailed in their Form ADV Part 2A. This brochure outlines the firm’s qualifications, business practices, and contact information for prospective clients seeking advisory services.

Firm Brochure (Form ADV Part 2A)

The Firm Brochure, also known as Form ADV Part 2A, serves as a comprehensive document providing essential information regarding Bethesda Financial Advisors, LLC. This brochure details the firm’s qualifications, offering insights into the expertise and credentials of its advisors. It also elucidates the business practices employed by the firm, ensuring transparency in their operations and client interactions. Furthermore, the brochure includes crucial contact information, enabling clients to easily reach out with inquiries or requests. This document is not approved or verified by the United States Securities, so it’s important to contact them with any questions at 301-656-5600.

Services and Qualifications

Bethesda Financial Advisors, LLC provides financial advice. The firm’s brochure (Form ADV Part 2A) details the specific services offered and the qualifications of their advisors. Contact them at 301-656-5600 for inquiries.

Information on Business Practices

Bethesda Financial Advisors, LLC operates under specific business practices. These practices, encompassing their advisory services, are comprehensively detailed within their Firm Brochure (Form ADV Part 2A). The brochure aims to provide clients with a clear understanding of how the firm conducts its business, manages conflicts of interest, and protects client data. It also covers the firm’s fee structure, investment strategies, and the scope of its advisory relationship. Clients can gain insights into the firm’s operational framework. For any clarifications or further details regarding their business practices, clients are encouraged to contact Bethesda Financial Advisors directly through the provided channels.

Contact Information

For inquiries regarding Bethesda Financial Advisors, LLC, please use the phone number 301-656-5600. Alternatively, you can reach out via email at chris@bethesdafinancial.com for more information about their services.

Phone Number and Email Address

To get in touch with Bethesda Financial Advisors, LLC, you can use the following contact details. The primary phone number for reaching the firm is 301-656-5600; This number can be used for general inquiries or to schedule consultations. For written correspondence or specific questions, you can send an email to Chris at chris@bethesdafinancial.com. This email address is monitored for client communications and other business-related matters. Please ensure that your inquiries are clear and concise to facilitate a prompt and accurate response from the team at Bethesda Financial Advisors, LLC.

Bethesda Cares, Inc.: Financial Audits

Independent audits of Bethesda Cares, Inc. are conducted to ensure financial transparency. These audits, performed by Ryan & Wetmore, CPA, assess the organization’s financial statements and compliance with accounting principles.

Independent Auditors’ Report

The Independent Auditors’ Report, prepared by Ryan & Wetmore, Certified Public Accountants and Advisors, provides an opinion on the financial statements of Bethesda Cares, Inc. The audit encompasses the statement of financial position, statements of activities and changes in net assets, cash flows, and functional expenses. Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, including the design, implementation, and maintenance of internal controls. The auditors’ responsibility is to express an opinion based on their audit, ensuring accuracy and reliability of reported information.

Financial Statements (Bethesda Cares, Inc.)

The financial statements of Bethesda Cares, Inc. include the statement of financial position, statements of activities and changes in net assets, statements of cash flows, and statements of functional expenses.

Statement of Financial Position

The statement of financial position for Bethesda Cares, Inc. presents a snapshot of the organization’s assets, liabilities, and net assets at a specific point in time, typically December 31st for each audited year. This statement provides insights into the organization’s financial health and its ability to meet its obligations. Key components include cash, accounts receivable, property and equipment, accounts payable, and deferred revenue. The statement adheres to accounting principles generally accepted in the United States of America, ensuring transparency and comparability. It is audited by independent auditors who provide an opinion on its fairness.

Statements of Activities and Changes in Net Assets

The Statements of Activities and Changes in Net Assets for Bethesda Cares, Inc. present a comprehensive view of the organization’s revenue, expenses, gains, and losses over a period of time, detailing how net assets change from one year to the next. These statements categorize net assets into various classifications, such as unrestricted, temporarily restricted, and permanently restricted, reflecting donor-imposed limitations. They provide insight into how the organization utilizes its resources to fulfill its mission, showcasing program service activities, fundraising efforts, and administrative functions. Independent auditors also audit these statements, further validating their accuracy.

Statements of Cash Flows

The Statements of Cash Flows for Bethesda Cares, Inc. provide a detailed summary of all cash inflows and outflows during a specific period, categorized into operating, investing, and financing activities. This statement helps assess the organization’s ability to generate cash, meet its obligations, and fund its operations. Operating activities reflect the cash effects of transactions related to the organization’s primary mission. Investing activities include the purchase and sale of long-term assets, while financing activities involve debt, equity, and other financing sources. Auditors examine these statements to ensure that they accurately reflect the organization’s financial performance and position.

Statements of Functional Expenses

The Statements of Functional Expenses for Bethesda Cares, Inc. detail how the organization’s expenses are allocated among its various programs and supporting activities. This statement is critical for understanding how resources are utilized to achieve the organization’s mission. Expenses are typically categorized into program services, management and general, and fundraising. Program services expenses directly support the organization’s charitable activities, while management and general expenses cover administrative and operational costs. Fundraising expenses are related to soliciting contributions and grants. These statements are audited to ensure accurate allocation and transparency in financial reporting, providing stakeholders with insights into the organization’s efficiency.

BrokerCheck Information

BrokerCheck offers reports on brokers and firms, detailing employment history, qualifications, and disclosures. These reports include disciplinary actions, convictions, judgments, and firm history for informed decision-making.

Broker and Firm Disclosure Events

BrokerCheck reports provide crucial information regarding disclosure events for both individual brokers and brokerage firms. For brokers, this includes details about disciplinary actions taken against them, any criminal convictions they may have, civil judgments, and arbitration awards related to their professional conduct. These events offer insights into a broker’s past behavior and adherence to industry regulations.

Similarly, BrokerCheck reports for brokerage firms contain information on the firm’s profile, historical background, and operational practices. They also encompass many of the same disclosure events that are reported for individual brokers, ensuring transparency and allowing investors to assess the firm’s overall compliance record and potential risks associated with engaging their services.

Financial Assistance Programs

Guidance for providing financial assistance to patients includes communicating program availability, proper recording, and reporting of granted aid. This ensures transparency and fair access to those in need of financial support.

Guidance for Providing Financial Assistance to Patients

The guidance aims to establish clear procedures for offering financial assistance to patients, ensuring equitable access and consistent application. It emphasizes the importance of transparently communicating the availability of financial aid programs to all eligible individuals, fostering awareness and reducing potential barriers to access. The guidelines also detail the methods for accurately recording and reporting financial assistance granted, maintaining data integrity and facilitating compliance with regulatory requirements. Proper documentation is crucial for tracking the impact of these programs and demonstrating accountability to stakeholders. Furthermore, these guidelines promote ethical and responsible financial practices within healthcare organizations.