Bahia Foundation (EIN 611473460) - 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

2004

Legal Domicile

Principal Officer

Keli Lovejoy

Phone

7606094141

Tax Period

2023-01-01 to 2023-12-31

Bahia Foundation, founded in 2004, is a micro nonprofit in the Human Services sector that reported $511 in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $162K exceeded revenue, resulting in a 31659% operating deficit.

Mission

The Bahia Foundation is a non-profit public benefit corporation whose purpose is artistic, cultural, physical, educational and financial community wellness.

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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 $511

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,032

Fundraising Expenses $169

Program Expenses $162,122

Other Expenses $151,259

TOTAL EXPENSES $162,291

Year-over-Year Comparison

	2023	2022	Change
Revenue	$511	$1,535	-0.7%
Expenses	$162,291	$2,921,950	-0.9%
Net Income	$-161,780	$-2,920,415	-0.9%

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

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

$11,032

Total Directors

$11,032

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aqiylah Collins	Secretary	000.50	Officer Director	$11,032	$0	$11,032
Keli Lovejoy	President	000.50	Officer Director	$0	$0	$0
Zhaleh Boyd Phillips	Treasurer	000.50	Officer Director	$0	$0	$0
Marco Roldan	Board Member	000.50	Director	$0	$0	$0
Sumita Gosh	Board Member	000.50	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	$511	$162,291	$229,734	$-161,780
2022	$1,535	$2,921,950	$385,753	$-2,920,415
2021	$3,338,125	$32,557	$3,306,168	$3,305,568

Bahia Foundation