BAY ARTS ALLIANCE INC (EIN 591850105) - 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

1978

Legal Domicile

Principal Officer

JAYSON KRETZER

Phone

8506403670

Tax Period

2023-10-01 to 2024-09-30

BAY ARTS ALLIANCE INC, founded in 1978, is a small nonprofit that reported $536K in total revenue in fiscal year 2023. Expenses of $593K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO SUPPORT, PROMOTE, AND DEVELOP THE ARTS AS ESSENTIAL TO THE GROWTH OF BAY COUNTY'S COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $110,312

Program Service Revenue $395,810

Investment Income $1,973

Other Revenue $28,362

TOTAL REVENUE $536,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,162

Fundraising Expenses $0

Program Expenses $460,740

Other Expenses $292,606

TOTAL EXPENSES $592,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$536,457	$531,724	+0.0%
Expenses	$592,768	$522,148	+0.1%
Net Income	$-56,311	$9,576	-6.9%

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

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

$84,319

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATRINA RAEVENS	MEMBER AT LARGE	2.00	Director	$0	$0	$0
ARTHUR HOOKS	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE LANCE	SECRETARY	2.00	Officer Director	$0	$0	$0
KIRSTEN SUMMERS	TREASURER	2.00	Officer Director	$0	$0	$0
KARA RIGBY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CAROLINE SMITH	MEMBER AT LARGE	2.00	Director	$0	$0	$0
NANCY LUTHER	MEMBER AT LARGE	2.00	Director	$0	$0	$0
SONYA CALDWELL	MEMBER AT LARGE	2.00	Director	$0	$0	$0
JUAN ANDRADA	MEMBER AT LARGE	2.00	Director	$0	$0	$0
SABARA QUINN	MEMBER AT LARGE	2.00	Director	$0	$0	$0
JENNIFER MCCABE	MEMBER AT LARGE	2.00	Director	$0	$0	$0
ALLARA MILLS-GUTHCHER	MEMBER AT LARGE	2.00	Director	$0	$0	$0
JAYSON KRETZER	EXECUTIVE DIRECTOR	40.00	Officer	$78,019	$6,300	$84,319

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	$536,457	$592,768	$560,279	$-56,311
2023	$531,724	$522,148	$612,209	$9,576
2022	$460,075	$420,626	$612,889	$39,449
2021	$417,164	$434,511	$576,306	$-17,347
2020	$458,767	$358,467	$581,701	$100,300
2018	$816,435	$827,650	$1,084,693	$-11,215

BAY ARTS ALLIANCE INC