BAY AGING APARTMENTS WESTMORELAND INC (EIN 571206469) - 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

2007

Legal Domicile

Principal Officer

KATHY E VESLEY

Phone

8047582386

Tax Period

2024-04-01 to 2025-03-31

BAY AGING APARTMENTS WESTMORELAND INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2017. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $207K exceeded revenue, resulting in a 41% operating deficit.

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 $201,593

Investment Income $580

Other Revenue $0

TOTAL REVENUE $202,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,100

Fundraising Expenses $0

Program Expenses $161,882

Other Expenses $216,692

TOTAL EXPENSES $241,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,173	$191,589	+0.1%
Expenses	$241,792	$226,262	+0.1%
Net Income	$-39,619	$-34,673	+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

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

$268,673

Total Directors

$268,673

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY E VESLEY	PRESIDENT	1.00	Officer Director	$249,168	$19,505	$268,673
ROBERT WILBANKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LYNDA SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
STANLEY CLARKE	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES N CARTER	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
RON SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES ADKINS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DUDLEY	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
REV MARIA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
BELINDA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BILL DOYLE	DIRECTOR	1.00	Director	$0	$0	$0
BARRY GROSS	DIRECTOR	1.00	Director	$0	$0	$0
VERA LEE	DIRECTOR	1.00	Director	$0	$0	$0
DONNA COGSWELL	DIRECTOR - STARTED 10/24	1.00	Director	$0	$0	$0
BEN OWEN	DIRECTOR - STARTED 10/24	1.00	Director	$0	$0	$0
JEANNE HOCKADAY	DIRECTOR - STARTED 10/24	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	$202,173	$241,792	$1,287,916	$-39,619
2024	$191,589	$226,262	$1,323,963	$-34,673
2023	$184,132	$210,375	$1,357,933	$-26,243
2022	$184,099	$211,310	$1,394,026	$-27,211
2021	$181,969	$196,370	$1,412,734	$-14,401
2020	$168,703	$192,987	$1,424,159	$-24,284
2019	$161,422	$186,917	$1,448,440	$-25,495
2018	$146,554	$206,663	$1,490,441	$-60,109

BAY AGING APARTMENTS WESTMORELAND INC