Seamless Bay Area Alliance formerly Seamless Bay Area (EIN 834526281) - 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

2019

Legal Domicile

Principal Officer

Dave Sorrell

Phone

4156121664

Tax Period

2024-01-01 to 2024-12-31

Seamless Bay Area Alliance formerly Seamless Bay Area, founded in 2019, is a small nonprofit in the Public & Societal Benefit sector that reported $118K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $223K exceeded revenue, resulting in a 89% operating deficit.

Mission

Seamless Bay Area is advocating to transform the bay areas fragmented and inconvenient public transit into a world-class, unified, equitable, and widely-used system. [continued next page]

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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 $113,087

Program Service Revenue $4,820

Investment Income $89

Other Revenue $0

TOTAL REVENUE $117,996

Expense Breakdown

Grants Paid $203,548

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,679

Other Expenses $19,937

TOTAL EXPENSES $223,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,996	$202,155	-0.4%
Expenses	$223,485	$132,388	+0.7%
Net Income	$-105,489	$69,767	-2.5%

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

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
Dave Sorrell	Chairman	0.10	Officer Director	$0	$0	$0
Beaudry Kock	Treasurer/Secty	0.10	Officer Director	$0	$0	$0
Darnell Grisby	Director	0.10	Director	$0	$0	$0
Felix Pomerantz	Director	0.10	Director	$0	$0	$0
JQ Ramos	Director	0.10	Director	$0	$0	$0
Julia Verbrugge	Director	0.10	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	$117,996	$223,485	$17,124	$-105,489
2023	$202,165	$132,388	$125,626	$69,777

Seamless Bay Area Alliance formerly Seamless Bay Area