BAY AREA CLEAN AIR 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

2008

Legal Domicile

Principal Officer

PHILIP FINE

Phone

4157716000

Tax Period

2024-01-01 to 2024-12-31

BAY AREA CLEAN AIR FOUNDATION, founded in 2008, is a small nonprofit in the Environment sector that reported $409K in total revenue in fiscal year 2024. Revenue surged 225% from the prior year, signaling strong growth momentum. Expenses of $452K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE BAY AREA CLEAN AIR FOUNDATION WAS ESTABLISHED TO PROVIDE FINANCIAL, ADMINISTRATIVE, PROGRAMMATIC, AND OTHER FORMS OF SUPPORT TO THE BAY AREA AIR QUALITY MANAGEMENT DISTRICT IN ITS MISSION TO PROTECT AND IMPROVE PUBLIC HEALTH, AIR QUALITY, AND THE GLOBAL CLIMATE.

Program Service Accomplishments

Program 1

Expenses: $451,988 Revenue: $0

IN 2024, BACAF HAD ONE ACTIVE, ONGOING MITIGATION PROJECT AGREEMENT FOR THE MISSION ROCK MIXED-USE DEVELOPMENT PROJECT AS PART OF THE FOUNDATION'S CEQA OFFSITE MITIGATION PROGRAM. BACAF EXPENDED...

IN 2024, BACAF HAD ONE ACTIVE, ONGOING MITIGATION PROJECT AGREEMENT FOR THE MISSION ROCK MIXED-USE DEVELOPMENT PROJECT AS PART OF THE FOUNDATION'S CEQA OFFSITE MITIGATION PROGRAM. BACAF EXPENDED $62,500 IN PROJECT FUNDS FOR VEHICLES IN SAN FRANCISCO TO PARTICIPATE IN THE AIR DISTRICT'S VEHICLE BUY BACK PROGRAM AND RETAINED $6,200 FOR ADMINISTRATIVE COSTS. FOR THE RFG PROGRAM, AS OF DECEMBER 31, 2024, THERE ARE 8 ACTIVE PROJECTS TOTALING $1.71 MILLION.

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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 $408,734

Program Service Revenue $0

Investment Income $233

Other Revenue $0

TOTAL REVENUE $408,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $451,988

Other Expenses $451,988

TOTAL EXPENSES $451,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,967	$125,941	+2.2%
Expenses	$451,988	$126,556	+2.6%
Net Income	$-43,021	$-615	+69.0%

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

$1,440,956

Total Directors

$971,273

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARSENIO MATAKA	BOARD MEMBER	1.00	Director	$0	$30,563	$185,437
KAREN SCHKOLNICK	BOARD MEMBER	1.00	Director	$0	$42,002	$301,370
PHILIP FINE	PRESIDENT	1.00	Officer Director	$0	$69,702	$484,466
REGAN F PATTERSON	BOARD MEMBER	0.20	Director	$0	$0	$0
STEPHANIE OSAZE	CFO	1.00	Officer	$0	$56,296	$309,734
SOMERSET PERRY	GENERAL COUNSEL	1.00	Officer	$0	$36,048	$248,074
RANDI WALLACH	GENERAL COUNSEL (THRU 03/29/24)	1.00	Officer	$0	$5,236	$100,851
LISA FASANO	SECRETARY	0.40	Officer	$0	$56,296	$297,831

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
2024	$408,967	$451,988	$928,508	$-43,021
2023	$125,941	$126,556	$971,529	$-615
2022	$149,826	$45,075	$972,144	$104,751
2021	$577	$216,481	$867,393	$-215,904
2020	$531,006	$37,379	$1,083,297	$493,627
2019	$263,427	$147	$589,670	$263,280
2018	$276,890	$324,646	$326,390	$-47,756