BAY AGING

EIN: 541085032 501(c)(3) Human Services

URBANNA, VA

Total Revenue
$83,199,281
Total Expenses
$80,883,129
Total Assets
$42,402,144
Net Assets
$27,875,822
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
VA
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 $83.2M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE THE PROGRAMS AND SERVICES NECESSARY FOR PEOPLE OF ALL AGES TO LIVE INDEPENDENTLY IN THEIR COMMUNITIES FOR AS LONG AS POSSIBLE.

Program Service Accomplishments

Program 1
Expenses: $67,910,285 Revenue: $68,436,317

THE COMMUNITY LIVING PROGRAM OFFERS A RANGE OF PROGRAMS AND SERVICES THAT BENEFIT PEOPLE OF ALL AGES. SERVING MORE THAN 35,000 INDIVIDUALS IN FISCAL 2025, THESE PROGRAMS INCLUDE CONGREGATE AND HOME...

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THE COMMUNITY LIVING PROGRAM OFFERS A RANGE OF PROGRAMS AND SERVICES THAT BENEFIT PEOPLE OF ALL AGES. SERVING MORE THAN 35,000 INDIVIDUALS IN FISCAL 2025, THESE PROGRAMS INCLUDE CONGREGATE AND HOME DELIVERED DELIVERED MEALS; 8 ACTIVE LIFESTYLE CENTERS (SENIOR CENTERS); 1 ADULT DAY CARE CENTER PROVIDING RESPITE CARE; IN-HOME PERSONAL CARE, COMPANION CARE AND COORDINATED CARE SERVICES; VETERAN-DIRECTED CARE FINANCIAL MANAGEMENT SERVICES AND COUNSELING; CARE TRANSITIONS INTERVENTION DESIGNED TO REDUCE HOSPITAL READMISSIONS; SENIOR EMPLOYMENT TRAINING AND INSURANCE COUNSELING, INFORMATION AND REFERRAL SERVICES, AND OTHER ACTIVITIES. 1,000 VOLUNTEERS DELIVERED 176,000 MEALS, NON-EMERGENCY MEDICAL RIDES, INSURANCE COUNSELING, FRIENDLY CALLS AND VISITS, AND OTHER ACTIVITIES.

Program 2
Expenses: $6,584,475 Revenue: $526,929

BAY TRANSIT PROVIDES PUBLIC TRANSPORTATION FOR PEOPLE OF ALL AGES. WE PROVIDED MORE THAN 132,000 RIDES ACROSS OUR 12-COUNTY SERVICE AREA IN FY 2025. BAY AGING MICROTRANSIT AND OUR NEW FREEDOM PROGRAM...

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BAY TRANSIT PROVIDES PUBLIC TRANSPORTATION FOR PEOPLE OF ALL AGES. WE PROVIDED MORE THAN 132,000 RIDES ACROSS OUR 12-COUNTY SERVICE AREA IN FY 2025. BAY AGING MICROTRANSIT AND OUR NEW FREEDOM PROGRAM ALSO SAW SIGNIFICANT INCREASES IN RIDERSHIP. RIDERS UTILIZED BAY TRANSIT TO ACCESS EMPLOYMENT, HEALTHCARE, SHOPPING, AND NUMEROUS OTHER CONSUMER SERVICES.

Program 3
Expenses: $3,405,726 Revenue: $1,267,321

BAY AGING SENIOR APARTMENTS ARE HUD AND LIHTC SUBSIDIZED, RENT CONTROLLED PROPERTIES FOR RESIDENTS OVER THE AGE OF 62. THESE 11 APARTMENT COMMUNITIES PROVIDE SAFE, AFFORDABLE HOUSING AND ENRICHED...

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BAY AGING SENIOR APARTMENTS ARE HUD AND LIHTC SUBSIDIZED, RENT CONTROLLED PROPERTIES FOR RESIDENTS OVER THE AGE OF 62. THESE 11 APARTMENT COMMUNITIES PROVIDE SAFE, AFFORDABLE HOUSING AND ENRICHED SUPPORTS TO 405 OCCUPANTS ACROSS THE SERVICE AREA. THE HOUSING CHOICE VOUCHER PROGRAM ALLOWED PEOPLE OF ALL AGES ACCESS TO SAFE, STABLE HOMES. SINGLE FAMILY HOUSING ENCOMPASSES 4 MAJOR INITIATIVE WEATHERIZATION, INDOOR PLUMBING REHABILITATION, EMERGENCY HOME REPAIR, AND COMMUNITY DEVELOPMENT BLOCK GRANTS.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
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
6
$502,810
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
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
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