BAKER INDUSTRIES INC (EIN 232560245) - 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

1989

Legal Domicile

Principal Officer

NICHOLAS WATSON

Phone

6102969795

Tax Period

2025-01-01 to 2025-12-31

BAKER INDUSTRIES INC, founded in 1989, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2025. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.4M left a modest 10% surplus.

Mission

PROVIDE A PAID WORKFORCE DEVELOPMENT PROGRAM FOR ADULTS WITH DISABILITIES, SUBSTANCE USE DISORDERS, ON PAROLE/PROBATION, AND/OR HOMELESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,602,022

Program Service Revenue $850,681

Investment Income $294,277

Other Revenue $-25,809

TOTAL REVENUE $2,721,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,820,708

Fundraising Expenses $164,353

Program Expenses $2,027,924

Other Expenses $620,799

TOTAL EXPENSES $2,441,507

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,721,171	$4,971,386	-0.5%
Expenses	$2,441,507	$2,510,081	0.0%
Net Income	$279,664	$2,461,305	-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

172

Volunteers

157

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

$212,656

Total Directors

$212,656

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS WATSON	PRESIDENT &	45.00	Officer Director	$147,789	$8,867	$156,656
RICHARD ILL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JOHN H THACHER JR	VICE CHAIR &	35.00	Officer Director	$56,000	$0	$56,000
CHARLES P BAKER III	CO-FOUNDER	1.00	Director	$0	$0	$0
ELIZABETH P CASTLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL G PORTER	DIRECTOR	1.00	Director	$0	$0	$0
VIJAY AGGARWAL	DIRECTOR	1.00	Director	$0	$0	$0
KAREN M CRUICKSHANK	DIRECTOR	1.00	Director	$0	$0	$0
LINDA SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
MARK BARTOSH	DIRECTOR	1.00	Director	$0	$0	$0
DJOERD HOEKSTRA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BEVAN	DIRECTOR	3.00	Director	$0	$0	$0
CHANDLER HOOPES	DIRECTOR	3.00	Director	$0	$0	$0
EMANUEL TOCCO	DIRECTOR	1.00	Director	$0	$0	$0
DONALD BORN	DIRECTOR	1.00	Director	$0	$0	$0
JOEL VIVIAN	DIRECTOR	1.00	Director	$0	$0	$0
WENDY BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
REV ADAN A MAIRENA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW J CAMEROTA	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE OLINGER	DIRECTOR	2.00	Director	$0	$0	$0
MADELINE WINTER	DIRECTOR	1.00	Director	$0	$0	$0
TRUPERT ORLIEB	DIRECTOR	1.00	Director	$0	$0	$0

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	$2,721,171	$2,441,507	$12,128,990	$279,664
2024	$4,971,386	$2,510,081	$9,062,318	$2,461,305
2023	$3,257,094	$2,270,615	$6,596,387	$986,479
2022	$2,311,804	$2,012,247	$4,763,166	$299,557
2021	$2,256,663	$2,139,861	$4,227,303	$116,802
2020	$1,867,379	$1,806,064	$3,875,757	$61,315
2019	$2,216,768	$2,232,798	$3,614,650	$-16,030
2018	$2,673,766	$2,187,979	$3,598,122	$485,787

BAKER INDUSTRIES INC