BAY LIFE SERVICES INC (EIN 521496539) - 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

1985

Legal Domicile

Principal Officer

ART SIVASLIAN

Phone

4107726721

Tax Period

2023-07-01 to 2024-06-30

BAY LIFE SERVICES INC, founded in 1985, is a micro nonprofit in the Mental Health sector that reported $7K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 274% operating margin.

Mission

BAY LIFE SERVICES PROVIDES OUTPATIENT COMMUNITY-BASED MENTAL HEALTH SERVICES.

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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 $6,579

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $-16,874

Other Expenses $-11,421

TOTAL EXPENSES $-11,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,579	$19,694	-0.7%
Expenses	$-11,421	$6,359	-2.8%
Net Income	$18,000	$13,335	+0.3%

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

N/A

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

$1,954,613

Total Directors

$891,354

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART SIVASLIAN	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$33,789	$891,354
MARK MEGINNIS	VP/TREASURER	1.00	Officer	$0	$26,087	$534,425
RODERICK CHEN	SECRETARY	1.00	Officer	$0	$32,556	$528,834
ERIC R WAGNER	FORMER PRESIDENT/DIRECTOR	1.00		$0	$26,463	$2,055,549

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	No data	No data	No data	No data
2024	$6,579	$-11,421	$-5,641,049	$18,000
2023	$19,694	$6,359	$-4,970,102	$13,335
2022	$260	$11,501	$-4,861,343	$-11,241
2021	$653,380	$1,632,534	$-4,672,901	$-979,154
2020	$1,025,550	$1,221,361	$-4,205,318	$-195,811
2019	$1,123,471	$1,296,362	$-3,971,935	$-172,891

BAY LIFE SERVICES INC