BAY COVE HAMILTON GROUP HOME INC C/O BAY COVE HUMAN SERVICES (EIN 043211683) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

KEVIN MARTONE

Phone

6173713000

Tax Period

2024-07-01 to 2025-06-30

BAY COVE HAMILTON GROUP HOME INC C/O BAY COVE HUMAN SERVICES, founded in 1993, is a small nonprofit that reported $154K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $141K left a modest 9% surplus.

Mission

PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $115,913

Program Service Revenue $35,204

Investment Income $3,219

Other Revenue $0

TOTAL REVENUE $154,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,473

Other Expenses $140,649

TOTAL EXPENSES $140,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,336	$172,071	-0.1%
Expenses	$140,649	$142,640	0.0%
Net Income	$13,687	$29,431	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,960,352

Total Directors

$213,857

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AJAY CHADHA	VICE CHAIRPERSON	0.10	Officer Director	$0	$0	$0
ANNE LEVINE	DIRECTOR	0.10	Director	$0	$0	$0
BRUCE G GOODMAN ESQ	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTOPHER LENTO	DIRECTOR	0.10	Director	$0	$0	$0
EDDY DESIR	DIRECTOR	0.10	Director	$0	$0	$0
GREGORY BUSCONE	TREASURER	0.10	Officer Director	$0	$0	$0
JEAN MCGUIRE	DIRECTOR	0.10	Director	$0	$0	$0
KEVIN MARTONE	PRESIDENT & CEO (AS OF 3/18/25)	0.10	Officer Director	$0	$0	$0
LISA BLAKE	DIRECTOR	0.10	Director	$0	$0	$0
PETER A PEASE	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT J THOMAS	DIRECTOR	0.10	Director	$0	$0	$0
RUTH FISHBEIN	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
SALLY THOMPSON	DIRECTOR	0.10	Director	$0	$0	$0
SETH DALY STENNIS	DIRECTOR	0.10	Director	$0	$0	$0
THOMAS J AITES	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM H SPRAGUE	PRESIDENT/CEO (THRU 3/18/25)	0.10	Officer Director	$0	$0	$213,857
WILLIAM M MAFFIE III	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM OAKLEY	DIRECTOR (AS OF 2/21/25)	0.10	Director	$0	$0	$0
ANNE RUSH	SVP & CHRO (AS OF 12/12/24)	0.10	Officer	$0	$0	$0
CARLEY LUBARSKY	SVP & CHIEF OPERATING OFFICER	0.10	Officer	$0	$25,213	$255,427
HEMA MAHASE	ASSISTANT CLERK	0.10	Officer	$0	$18,205	$100,680
JOELLE NIMS	CLERK	0.10	Officer	$0	$41,786	$133,666
JULIE CELANO	SVP & CHRO (THRU 10/2/24)	0.10	Officer	$0	$9,621	$200,626
KELLY LACAVA	SVP & CIO/CAO	0.10	Officer	$0	$47,452	$248,582
KERRY J OLLEN	INTERIM ASST TREASURER/SVP/CFO (AS OF 11/5/24)	0.10	Officer	$0	$3,449	$480,620
MARCEL VERNON	CFO, ASST. TREASURER (THRU 11/12/24)	0.10	Officer	$0	$29,906	$326,894
LOUIS JOSEPHSON	FORMER PRESIDENT & CEO	0.00		$0	$12,490	$484,587

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$154,336	$140,649	$539,021	$13,687
2024	$172,071	$142,640	$520,036	$29,431
2023	$144,698	$157,510	$479,208	$-12,812
2022	$127,488	$152,474	$476,925	$-24,986
2021	$126,737	$122,036	$472,629	$4,701
2020	$126,947	$131,611	$462,515	$-4,664
2019	$125,400	$123,816	$464,735	$1,584
2018	$123,938	$121,874	$484,932	$2,064

BAY COVE HAMILTON GROUP HOME INC C/O BAY COVE HUMAN SERVICES