BAY FOUNDATION OF MORRO BAY (EIN 770215847) - 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

MELODIE GRUBBS

Phone

8057723834

Tax Period

2023-10-01 to 2024-09-30

BAY FOUNDATION OF MORRO BAY, founded in 1989, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $3.7M exceeded revenue, resulting in a 33% operating deficit.

Mission

TO PROVIDE LEADERSHIP IN RESTORING, ENHANCING, AND PROTECTING THE MARINE RESOURCES AND WATERSHEDS OF MORRO BAY, ESTERO BAY, AND THE CENTRAL COAST OF CALIFORNIA.

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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 $1,863,787

Program Service Revenue $0

Investment Income $945,926

Other Revenue $15,432

TOTAL REVENUE $2,825,145

Expense Breakdown

Grants Paid $1,237,851

Salaries & Benefits $942,925

Fundraising Expenses $76,840

Program Expenses $3,390,999

Other Expenses $1,568,102

TOTAL EXPENSES $3,748,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,825,145	$2,345,304	+0.2%
Expenses	$3,748,878	$1,781,939	+1.1%
Net Income	$-923,733	$563,365	-2.6%

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

Volunteers

387

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

$119,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HENRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON CURTIS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
LEONARD MOOTHART	TREASURER	1.00	Officer Director	$0	$0	$0
GARY RUGGERONE	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM EDELL	DIRECTOR	1.00	Director	$0	$0	$0
SALLY KRENN	DIRECTOR	1.00	Director	$0	$0	$0
RON MUNDS	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
SHAUNNA SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
MELODIE GRUBBS	EXECUTIVE DIRECTOR	40.00	Officer	$108,163	$11,130	$119,293

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	$2,825,145	$3,748,878	$24,962,697	$-923,733
2023	$2,345,304	$1,781,939	$23,067,560	$563,365
2022	$2,833,360	$2,283,896	$21,069,078	$549,464
2021	$7,958,016	$1,659,171	$24,225,454	$6,298,845
2020	$1,420,953	$1,809,912	$16,197,027	$-388,959
2019	$2,561,609	$2,677,556	$16,542,388	$-115,947
2018	$1,424,094	$1,366,409	$16,594,495	$57,685

BAY FOUNDATION OF MORRO BAY