BAY AGING APARTMENTS COLONIAL BEACH INC (EIN 541788168) - 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

1996

Legal Domicile

Principal Officer

KATHY VESLEY

Phone

8047582386

Tax Period

2024-10-01 to 2025-09-30

BAY AGING APARTMENTS COLONIAL BEACH INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $230K in total revenue in fiscal year 2017. Net assets of $1.0M represent 53 months of operating reserves.

Mission

TO PROVIDE HUD SUBSIDIZED HOUSING FOR LOW INCOME SENIOR CITIZENS.

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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 $0

Program Service Revenue $290,367

Investment Income $15

Other Revenue $0

TOTAL REVENUE $290,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,738

Fundraising Expenses $0

Program Expenses $216,619

Other Expenses $283,475

TOTAL EXPENSES $321,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,382	$280,508	+0.0%
Expenses	$321,213	$313,202	+0.0%
Net Income	$-30,831	$-32,694	-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

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

$267,416

Total Directors

$267,416

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES N CARTER	DIRECTOR	1.00	Director	$0	$0	$0
BILL DOYLE	DIRECTOR	1.00	Director	$0	$0	$0
LYNDA SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES DUDLEY	DIRECTOR	1.00	Director	$0	$0	$0
REV MARIA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
BELINDA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA TALCOTT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WILBANKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STANLEY CLARKE	SECRETARY	1.00	Officer Director	$0	$0	$0
VERA LEE	DIRECTOR	1.00	Director	$0	$0	$0
BARRY L GROSS MD	DIRECTOR	1.00	Director	$0	$0	$0
KATHY E VESLEY	PRESIDENT	2.00	Officer Director	$0	$19,248	$267,416
DONNA COGSWELL	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE HOCKADAY	DIRECTOR	1.00	Director	$0	$0	$0
BEN OWEN	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
2025	$290,382	$321,213	$828,956	$-30,831
2024	$280,508	$313,202	$860,154	$-32,694
2023	$268,669	$301,092	$887,070	$-32,423
2022	$257,665	$281,858	$924,028	$-24,193
2021	$251,571	$266,798	$942,696	$-15,227
2020	$242,958	$298,357	$973,806	$-55,399
2019	$238,012	$265,304	$1,017,171	$-27,292
2018	$230,217	$251,732	$1,048,837	$-21,515

BAY AGING APARTMENTS COLONIAL BEACH INC