CARDINAL BAY INC (EIN 352440075) - 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

2012

Legal Domicile

Principal Officer

LAURENCE P DAHL

Phone

9729804805

Tax Period

2024-01-01 to 2024-12-31

CARDINAL BAY INC, founded in 2012, is a mid-sized nonprofit in the Housing & Shelter sector that reported $44.2M in total revenue in fiscal year 2024.

Mission

TO ASSERT EFFORTS TOWARDS DEVELOPING, FINANCING AND OPERATING FOR THE LONG-TERM, QUALITY, STABLE AND HEALTHY, PROGRAM-ENRICHED, AFFORDABLE HOUSING FOR INDEPENDENT LIVING, ASSISTED LIVING, AND MEMORY CARE.

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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 $0

Program Service Revenue $43,968,863

Investment Income $215,921

Other Revenue $0

TOTAL REVENUE $44,184,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,686,316

Fundraising Expenses $0

Program Expenses $43,223,115

Other Expenses $31,855,532

TOTAL EXPENSES $47,541,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,184,784	$42,013,715	+0.1%
Expenses	$47,541,848	$45,916,569	+0.0%
Net Income	$-3,357,064	$-3,902,854	-0.1%

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

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

$324,367

Total Directors

$324,367

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD KITCHEN III	PRESIDENT, CHAIRMAN, TREAS	5.00	Officer Director	$0	$10,200	$144,367
LAURENCE P DAHL	PRESIDENT, CHAIRMAN	5.00	Officer Director	$60,000	$0	$60,000
MATTHEW H PEHRSON	SECRETARY	5.00	Officer Director	$60,000	$0	$60,000
ROBERT E OGLE	TREASURER	5.00	Officer Director	$60,000	$0	$60,000

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	$44,184,784	$47,541,848	$199,815,153	$-3,357,064
2023	$42,013,715	$45,916,569	$203,503,755	$-3,902,854
2022	$39,334,699	$44,843,774	$210,832,423	$-5,509,075
2021	$38,962,126	$41,273,265	$218,351,213	$-2,311,139
2020	$37,782,896	$41,931,447	$225,656,938	$-4,148,551
2019	$39,930,501	$41,593,096	$230,845,654	$-1,662,595
2018	$39,326,858	$40,544,057	$235,729,722	$-1,217,199

CARDINAL BAY INC