BAY FUTURE INC

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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

2004

Legal Domicile

Principal Officer

JIM REAUME

Phone

9898921400

Tax Period

2023-01-01 to 2023-12-31

BAY FUTURE INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $297K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $407K exceeded revenue, resulting in a 37% operating deficit.

Mission

DEDICATED TO FACILITATING ECONOMIC DEVELOPMENT STRATEGIES THAT PROMOTE AND SECURE OPPORTUNITIES FOR BUSINESS RETENTION, GROWTH, AND THE ATTRACTION OF NEW INDUSTRIES THAT CREATE QUALITY JOBS FOR COMMUNITY RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $342,707 Revenue: $289,179

TO FACILITATE ECONOMIC DELOPMENT STRATEGIES THAT PROMOTE & SECURE OPPORTUNITIES FOR BUSINESS RETENTION, GROWTH, AND THE ATTRACTION OF NEW INDUSTRIES THAT CREATE QUALITY JOBS FOR COMMUNITY RESIDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $290,441

Investment Income $6,609

Other Revenue $0

TOTAL REVENUE $297,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,498

Fundraising Expenses $0

Program Expenses $342,707

Other Expenses $131,700

TOTAL EXPENSES $407,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$297,050	$1,923,474	-0.8%
Expenses	$407,198	$1,951,198	-0.8%
Net Income	$-110,148	$-27,724	+3.0%

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

Volunteers

N/A

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

$113,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BARCIA	EX-OFFICIO BOARD MEMBER	1.00	Director	$0	$0	$0
KERICE BASMADJIAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LAURIE BUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
RON CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE DEBO	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
KEVIN COTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS GIRARD	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE BARBER	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE KILBOURN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA MUSCOTT	EX-OFFICIO BOARD MEMBER	1.00	Director	$0	$0	$0
ROB CLARK	CHAIRPERSON ELECT	2.00	Officer Director	$0	$0	$0
DON SCHERZER	IMMEDIATE PAST CHAIRPERSON	2.00	Officer Director	$0	$0	$0
RYAN TARRANT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KRISTEN WENZEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS SHERIDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGEN SAMYN	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MARCHELLE GONZALES	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD C GREGORY	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS BRADY	BOARD MEMBER	1.00	Director	$0	$0	$0
NIKKI S BURGESON	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT BEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN HEBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH ROSZATYCKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MADISON JARMON	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT NEMODE	BOARD MEMBER	1.00	Director	$0	$0	$0
KAYSEY RADTKE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MIKE STODOLAK	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC TANKERSLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT HECHLIK	BOARD MEMBER	1.00	Director	$0	$0	$0
SETH PERIGO	BOARD MEMBER	1.00	Director	$0	$0	$0
TREVOR KEYES	PRESIDENT/CEO	40.00	Officer	$113,479	$0	$113,479

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	No data	No data	No data	No data
2023	$297,050	$407,198	$1,123,098	$-110,148
2022	$1,923,474	$1,951,198	$1,152,121	$-27,724
2021	$438,613	$455,736	$1,183,128	$-17,123
2020	$1,226,452	$652,213	$1,187,717	$574,239
2019	$1,509,356	$449,113	$1,298,163	$1,060,243
2018	$416,312	$328,992	$235,393	$87,320