BAY PINES FOUNDATION INC (EIN 593018477) - 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

1989

Legal Domicile

Principal Officer

CAITLIN MAHANEY

Phone

7273989368

Tax Period

2024-10-01 to 2025-09-30

BAY PINES FOUNDATION INC, founded in 1989, is a community nonprofit in the Medical Research sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $324K, a strong 22% operating margin.

Mission

TO ADVANCE THE RESEARCH AND EDUCATION MISSION OF THE US DEPARTMENT OF VETERANS AFFAIRS BY FACILITATING RESEARCH AND EDUCATION ACTIVITIES AT THE BAY PINES VA HEALTHCARE SYSTEM.

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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 $245,980

Program Service Revenue $1,167,121

Investment Income $49,954

Other Revenue $765

TOTAL REVENUE $1,463,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $898,490

Fundraising Expenses $0

Program Expenses $818,777

Other Expenses $241,448

TOTAL EXPENSES $1,139,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,463,820	$1,384,452	+0.1%
Expenses	$1,139,938	$1,198,180	0.0%
Net Income	$323,882	$186,272	+0.7%

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

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

$119,762

Total Directors

$941,426

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAMIN M ELAMIN MD	BOARD MEMBER	2.00	Director	$0	$0	$395,553
KIMBERLY CAO MD	BOARD MEMBER	2.00	Director	$0	$0	$359,019
KRISTINE BROWN	BOARD MEMBER	2.00	Director	$0	$0	$186,854
CAITLIN MAHANEY	EXECUTIVE DI	40.00	Officer	$119,762	$0	$119,762
RICHARD J SPAYDE JR CRPC	TREASURER	2.00	Officer Director	$0	$0	$0
STEVEN G CARY	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER N WEBB MA	SECRETARY	2.00	Officer Director	$0	$0	$0
DEREK D SZAFRANSKI PHD MBA	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL C KUO MD MS MBA	CHAIRPERSON	2.00	Officer 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	$1,463,820	$1,139,938	$1,953,160	$323,882
2024	$1,384,452	$1,198,180	$1,621,144	$186,272
2023	$1,221,100	$1,140,633	$1,364,595	$80,467
2022	$1,296,485	$1,060,142	$1,266,331	$236,343
2021	$1,163,156	$948,266	$1,092,313	$214,890
2020	$659,386	$701,922	$1,021,218	$-42,536
2019	$870,921	$667,048	$951,484	$203,873
2019	$870,921	$667,048	$951,484	$203,873
2018	$847,711	$695,045	$681,493	$152,666

BAY PINES FOUNDATION INC