BAKERSFIELD FOUNDATION

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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

1997

Legal Domicile

Principal Officer

Randy McKeegan

Phone

6613263030

Tax Period

2025-01-01 to 2025-12-31

BAKERSFIELD FOUNDATION, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $95K in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $87K left a modest 9% surplus.

Mission

TO FUND BEAUTIFICATION PUBLIC SAFETY CULTURAL AND RECREATIONAL PROJECTS THAT BENEFIT THE CITIZENS OF THE CITY OF BAKERSFIELD

Program Service Accomplishments

Program 1

Expenses: $68,855 Revenue: $0

CITYWIDE LITTER CLEANUP EVENT HELD IN APRIL 2023 GREAT AMERICAN CLEANUP

Program 2

Expenses: $5,000 Revenue: $0

REIMBURSEMENT OF POLICE WELLNESS PROGRAM

Program 3

Expenses: $13,000 Revenue: $0

DOWNTOWN OLD TOWN REHABILITATION PROGRAM INITIATED BY THE CITYS KEEP BAKERSFIELD BEAUTIFUL COMMITTEE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $95,272

Program Service Revenue $0

Investment Income $30

Other Revenue $0

TOTAL REVENUE $95,302

Expense Breakdown

Grants Paid $86,855

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,855

Other Expenses $0

TOTAL EXPENSES $86,855

Year-over-Year Comparison

	2025	2024	Change
Revenue	$95,302	$78,569	+0.2%
Expenses	$86,855	$63,745	+0.4%
Net Income	$8,447	$14,824	-0.4%

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	Role	Reportable Comp	Other Comp	Total
KAREN GOH	PRESIDENT	Officer	$0	$0	$0
CHRISTIAN CLEGG	VICE-PRESIDENT	Officer	$0	$0	$0
JULIE DRIMAKIS	SECREATARY	Officer	$0	$0	$0
RANDY MCKEEGAN	TREASURER	Officer	$0	$0	$0
EDWARD PAINE	BOARD MEMBER	Director	$0	$0	$0
DENISE ORNALES	BOARD MEMBER	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	$95,302	$86,855	$348,902	$8,447
2024	$78,569	$63,745	$340,455	$14,824
2023	$87,541	$163,740	$325,631	$-76,199
2022	$352,132	$87,276	$401,830	$264,856
2020	$252,490	$159,167	$287,972	$93,323