HUMBOLDT BAY DEVELOPMENT ASSOCIATION INC (EIN 811236536) - 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

2016

Legal Domicile

Principal Officer

LEROY ZERLANG

Phone

7074420801

Tax Period

2023-07-01 to 2024-06-30

HUMBOLDT BAY DEVELOPMENT ASSOCIATION INC, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $8.4M in total revenue in fiscal year 2023. Revenue surged 1898% from the prior year, signaling strong growth momentum. Expenses of $9.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROMOTE SOCIAL WELFARE BY COMBATING COMMUNITY DETERIORATION.

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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 $0

Program Service Revenue $43,733

Investment Income $0

Other Revenue $8,372,073

TOTAL REVENUE $8,415,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,746,034

Other Expenses $9,801,380

TOTAL EXPENSES $9,801,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,415,806	$421,139	+19.0%
Expenses	$9,801,380	$450,824	+20.7%
Net Income	$-1,385,574	$-29,685	+45.7%

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

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
LEROY ZERLANG	PRESIDENT	2.00	Officer Director	$0	$0	$0
DALE UNEA	SECRETARY	2.00	Officer Director	$0	$0	$0
AARON NEWMAN	VICE-PRESIDENT	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
2024	$8,415,806	$9,801,380	$13,031	$-1,385,574
2024	$8,415,806	$9,801,380	$13,031	$-1,385,574
2023	$421,139	$450,824	$9,771,006	$-29,685
2022	$536,649	$443,167	$9,788,131	$93,482
2021	$538,686	$442,874	$9,635,885	$95,812
2020	$535,349	$441,586	$9,553,955	$93,763
2019	$538,172	$412,869	$9,402,703	$125,303
2018	$537,343	$411,520	$9,278,470	$125,823

HUMBOLDT BAY DEVELOPMENT ASSOCIATION INC