BAY VILLAGE OF SARASOTA INC (EIN 591453706) - 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

1972

Legal Domicile

Principal Officer

ERIC T NICHOLS

Phone

9419665611

Tax Period

2024-01-01 to 2024-12-31

BAY VILLAGE OF SARASOTA INC, founded in 1972, is a mid-sized nonprofit in the Human Services sector that reported $29.3M in total revenue in fiscal year 2024.

Mission

ESTABLISHED ON CHRISTIAN PRINCIPLES, BAY VILLAGE OF SARASOTA, INC. (BVSI) OFFERS A DYNAMIC, SECURE, AND COMPREHENSIVE RESIDENCY FOR OLDER ADULTS, PROVIDING MEANINGFUL COMMUNITY LIFE WITH CONTINUING CARE. BVSI IS A CHURCH-RELATED CONTINUING CARE RETIREMENT COMMUNITY COMMITTED TO PROVIDING THE HIGHEST QUALITY OF SERVICE TO RESIDENTS OF ALL FAITHS WITH NURSING AND HEALTH CARE, RECREATIONAL AND SPIRITUAL OPPORTUNITIES. BVSI PROVIDES SERVICES THAT ENHANCE THE QUALITY OF LIFE FOR RESIDENTS THROUGH INDEPENDENT RETIREMENT LIVING, ASSISTED LIVING, MEMORY CARE, HOME HEALTH, SKILLED NURSING, AND SOCIAL SERVICES, WHILE CONTINUING TO HONOR EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. BVSI IS COMMITTED TO A PROGRAM OF STEWARDSHIP WHICH RECOGNIZES ITS RESPONSIBILITY TO USE RESOURCES WELL. BVSI'S BENEVOLENCE PROGRAM ENSURES, TO THE EXTENT FEASIBLE, THAT RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES, THROUGH NO FAULT OF THEIR OWN, CAN REMAIN AS RESIDENTS EVEN IF THEY BECOME UNABLE TO PAY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $36,000

Program Service Revenue $28,522,056

Investment Income $637,123

Other Revenue $149,821

TOTAL REVENUE $29,345,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,323,943

Fundraising Expenses $0

Program Expenses $28,374,522

Other Expenses $14,012,535

TOTAL EXPENSES $30,336,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,345,000	$28,023,626	+0.0%
Expenses	$30,336,478	$28,312,483	+0.1%
Net Income	$-991,478	$-288,857	+2.4%

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

418

Volunteers

160

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

$941,526

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN BLUM	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS COMBS	DIRECTOR	1.00	Director	$0	$0	$0
DONALD GOODRICH	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HOWE	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN JUNKINS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY OLWERT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PENN	DIRECTOR	1.00	Director	$0	$0	$0
ABIGAIL ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS TAYLOR	PAST CHAIRMAN	1.00	Director	$0	$0	$0
DONALD SNYDER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SALLY SEEGER	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT SHERWOOD	VICE CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
ERIC NICHOLS	PRESIDENT & CEO	40.00	Officer	$409,336	$21,906	$431,242
CHRISTINA R WIZBA	CFO	40.00	Officer	$289,663	$20,268	$309,931
JENNIFER GRIMES	COO	40.00	Officer	$190,667	$9,686	$200,353
LAURA PITCHER	MARKETING DIRECTOR	40.00	Highest	$146,038	$15,587	$161,625
SARANTSETSEG ROHDEMAN	L.P.N.	40.00	Highest	$131,534	$7,425	$138,959
KAREN ZIKOVICH	L.P.N.	40.00	Highest	$129,672	$11,956	$141,628
IVANA FIELDS	R.N.	40.00	Highest	$128,517	$11,193	$139,710
KIMBERLY ROTH	NURSING DIRECTOR	40.00	Highest	$124,367	$14,698	$139,065

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
2024	$29,345,000	$30,336,478	$69,840,355	$-991,478
2023	$28,023,626	$28,312,483	$67,009,582	$-288,857
2022	$29,906,888	$23,147,278	$64,329,444	$6,759,610
2021	$23,160,090	$21,216,807	$58,079,640	$1,943,283
2020	$23,880,765	$21,994,862	$54,840,308	$1,885,903
2019	$24,592,547	$21,991,969	$54,350,777	$2,600,578
2018	$25,584,581	$22,421,752	$51,437,611	$3,162,829

BAY VILLAGE OF SARASOTA INC