BAYCREST FOUNDATION INC (EIN 592183386) - 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

1981

Legal Domicile

Principal Officer

Laurence Goldstein

Phone

4167852500

Tax Period

2022-12-01 to 2023-11-30

BAYCREST FOUNDATION INC, founded in 1981, is a micro nonprofit that reported $17K in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 24595% operating deficit.

Mission

To support care for the elderly both inpatient, outpatient and those in residential living settings. Support research on brain functionality and mental health related to aging.

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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 (2022)

Revenue Breakdown

Contributions & Grants $16,867

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $16,867

Expense Breakdown

Grants Paid $4,160,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,160,000

Other Expenses $5,357

TOTAL EXPENSES $4,165,357

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,867	$6,520,741	-1.0%
Expenses	$4,165,357	$4,447	+935.7%
Net Income	$-4,148,490	$6,516,294	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laurence Goldstein	Director and President	0.25	Director	$0	$0	$0
Robert Harlang	Director and Treasurer	0.5	Director	$0	$0	$0
Mark Manson	Director	0.25	Director	$0	$0	$0
Jonathan Graff	Director	0.25	Director	$0	$0	$0
Irwin Worstman	Director	0.25	Director	$0	$0	$0
Warren Kimel	Director	0.25	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
2023	$16,867	$4,165,357	$2,644,526	$-4,148,490
2022	$6,520,741	$4,447	$6,793,016	$6,516,294

BAYCREST FOUNDATION INC