BAY AGING (EIN 541085032) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

KATHY VESLEY

Phone

8047582386

Tax Period

2024-10-01 to 2025-09-30

BAY AGING, founded in 1978, is a mid-sized nonprofit in the Human Services sector that reported $16.3M in total revenue in fiscal year 2017.

Mission

THE ORGANIZATION DELIVERS PROGRAMS AND SERVICES TO PEOPLE OF ALL AGES TO HELP THEM LIVE INDEPENDENTLY IN THEIR COMMUNITIES FOR AS LONG AS POSSIBLE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,764,185

Program Service Revenue $70,230,567

Investment Income $204,529

Other Revenue $0

TOTAL REVENUE $83,199,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,695,355

Fundraising Expenses $140,329

Program Expenses $77,900,486

Other Expenses $64,187,774

TOTAL EXPENSES $80,883,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,199,281	$61,552,950	+0.4%
Expenses	$80,883,129	$56,979,202	+0.4%
Net Income	$2,316,152	$4,573,748	-0.5%

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

393

Volunteers

1000

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

$502,810

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN OWEN	DIRECTOR	2.00	Director	$0	$0	$0
DONNA COGSWELL	DIRECTOR	2.00	Director	$0	$0	$0
JEANNE HOCKADAY	DIRECTOR	2.00	Director	$0	$0	$0
JAMES DUDLEY	DIRECTOR	2.00	Director	$0	$0	$0
REV MARIA HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE CRAIG	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM E DOYLE	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA TALCOTT	DIRECTOR	2.00	Director	$0	$0	$0
BELINDA JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
LYNDA SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT WILBANKS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAMES N CARTER JR	DIRECTOR	2.00	Director	$0	$0	$0
BARRY L GROSS MD	CHAIR	2.00	Officer Director	$0	$0	$0
STANLEY CLARKE	SECRETARY	2.00	Officer Director	$0	$0	$0
VERA LEE	DIRECTOR	2.00	Director	$0	$0	$0
KATHY VESLEY	PRESIDENT/CEO	40.00	Officer	$248,168	$19,248	$267,416
TINSLEY GOAD	CFO	40.00	Officer	$217,670	$17,724	$235,394
ROBERT BUTLER	IT DIRECTOR	40.00	Highest	$138,003	$6,900	$144,903
KENNETH POLLOCK	TRANSIT DIRECTOR	40.00	Highest	$136,954	$13,688	$150,642
MELLISSA N BLAKE	VDC DIRECTOR	40.00	Highest	$123,324	$13,006	$136,330
JOSHUA GEMEREK	SR. VP HOUSING	40.00	Highest	$121,887	$12,934	$134,821
CATHERINE G EADES	TRANSITIONAL CARE DIRECTOR	40.00	Highest	$116,745	$5,837	$122,582

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	$83,199,281	$80,883,129	$42,402,144	$2,316,152
2024	$61,552,950	$56,979,202	$38,035,807	$4,573,748
2023	$43,584,605	$41,719,718	$31,711,719	$1,864,887
2022	$34,968,154	$33,579,995	$27,589,371	$1,388,159
2021	$28,384,644	$26,848,673	$24,671,284	$1,535,971
2020	$20,939,151	$20,861,847	$23,060,386	$77,304
2019	$17,612,370	$17,780,801	$18,530,174	$-168,431
2019	$17,612,370	$17,780,801	$18,530,174	$-168,431
2018	$16,335,475	$16,781,957	$18,363,251	$-446,482

BAY AGING