BAY AGING FOUNDATION

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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

2002

Legal Domicile

Principal Officer

KATHY VESLEY

Phone

8047582386

Tax Period

2024-10-01 to 2025-09-30

BAY AGING FOUNDATION, founded in 2002, is a small nonprofit in the Diseases & Disorders sector that reported $200K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $180K left a modest 10% surplus.

Mission

THE INTENT OF THE FOUNDATION IS TO GENERATE INVESTMENT INCOME TO SUPPLEMENT BAY AGING REVENUES AND TO UTILIZE ITS FUNDING TO ASSIST IN THE FUNDING OF DIRECT SERVICES FOR CLIENTS AND FURTHER SUPPORT BAY AGING'S MISSION.

Program Service Accomplishments

Program 1

Expenses: $164,892

FUNDING TO BAY AGING TO SUPPORT THEIR MISSION OF PROVIDING PROGRAMS AND SERVICES PEOPLE OF ALL AGES NEED TO LIVE INDEPENDENTLY IN THEIR COMMUNITIES.

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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 $91,698

Program Service Revenue $0

Investment Income $108,478

Other Revenue $0

TOTAL REVENUE $200,176

Expense Breakdown

Grants Paid $164,892

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,892

Other Expenses $14,630

TOTAL EXPENSES $179,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,176	$374,906	-0.5%
Expenses	$179,522	$144,845	+0.2%
Net Income	$20,654	$230,061	-0.9%

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

$502,810

Total Directors

$267,416

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DOYLE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES DUDLEY	CHAIR	2.00	Officer Director	$0	$0	$0
BARBARA FENTRESS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JACKSON NEAL	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES N CARTER JR	DIRECTOR	2.00	Director	$0	$0	$0
BARRY L GROSS	DIRECTOR	2.00	Director	$0	$0	$0
STANLEY CLARKE	TREASURER	2.00	Officer Director	$0	$0	$0
KATHY VESLEY	PRESIDENT/CEO	2.00	Officer Director	$0	$19,248	$267,416
TINSLEY GOAD	CFO	2.00	Officer	$0	$17,724	$235,394

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	$200,176	$179,522	$1,380,068	$20,654
2024	$374,906	$144,845	$1,314,105	$230,061
2023	$217,684	$66,819	$1,061,969	$150,865
2022	$-104,040	$72,246	$894,888	$-176,286
2021	$13,240	$10,961	$1,073,274	$2,279
2020	$45,248	$162,623	$882,619	$-117,375
2019	$116,049	$129,033	$1,004,338	$-12,984
2018	$40,345	$23,414	$991,575	$16,931