One Bay Street Center Inc (EIN 465343074) - 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

2014

Legal Domicile

Principal Officer

Grant G Simmons III

Phone

4019321513

Tax Period

2023-01-01 to 2023-12-31

One Bay Street Center Inc, founded in 2014, is a micro nonprofit that reported $451K in total revenue in fiscal year 2023. Revenue fell 253% from the prior year — a significant decline worth monitoring.

Mission

To own, renovate and manage One Bay Street in Watch Hill, RI, a National Register of Historic Places property.

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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 $66,857

Program Service Revenue $0

Investment Income $-504,157

Other Revenue $-13,364

TOTAL REVENUE $-450,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,818

Other Expenses $28,339

TOTAL EXPENSES $28,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-450,664	$294,807	-2.5%
Expenses	$28,339	$8,043	+2.5%
Net Income	$-479,003	$286,764	-2.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Grant G Simmons III	President	5.00	Officer Director	$0	$0	$0
Nicholas C Moore	Treasurer	3.00	Officer Director	$0	$0	$0
H Brian Thompson	Director	1.00	Director	$0	$0	$0
Deborah Lamm	Director	1.00	Director	$0	$0	$0
Patrick Lemp	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
2023	$-450,664	$28,339	No data	$-479,003
2022	$294,807	$8,043	$1,021,200	$286,764
2021	$-29,613	$14,549	$1,032,565	$-44,162
2020	$-1,995,712	$2,079,357	$1,056,107	$-4,075,069
2019	$8,350	$118,459	$5,940,098	$-110,109
2018	$261,132	$125,000	$6,005,744	$136,132

One Bay Street Center Inc