GREY BEARS

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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

1975

Legal Domicile

Phone

8314791055

Tax Period

2024-07-01 to 2025-06-30

GREY BEARS, founded in 1975, is a community nonprofit in the Human Services sector that reported $9.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

GREY BEARS IMPROVES THE HEALTH AND WELLBEING OF SENIORS THROUGH VOLUNTEERISM AND COMMUNITY PARTICIPATION.

Program Service Accomplishments

Program 1

Expenses: $8,582,645

USING FINANCIAL SUPPORT OF GENERAL PUBLIC AND SEVERAL GOVERNMENT AGENCIES, REVENUES GENERATED BY ITS RECYCLING PROGRAMS, AND SALES REVENUE OF DONATED ITEMS IN ITS THRIFT SHOP, THE ORGANIZATION...

USING FINANCIAL SUPPORT OF GENERAL PUBLIC AND SEVERAL GOVERNMENT AGENCIES, REVENUES GENERATED BY ITS RECYCLING PROGRAMS, AND SALES REVENUE OF DONATED ITEMS IN ITS THRIFT SHOP, THE ORGANIZATION PROVIDED OVER 2 MILLION POUNDS OF FOOD TO SENIOR CITIZENS OF SANTA CRUZ COUNTY.

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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 $6,724,048

Program Service Revenue $855,460

Investment Income $160,598

Other Revenue $1,797,547

TOTAL REVENUE $9,537,653

Expense Breakdown

Grants Paid $5,093,851

Salaries & Benefits $2,431,809

Fundraising Expenses $119,581

Program Expenses $8,582,645

Other Expenses $1,769,444

TOTAL EXPENSES $9,295,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,537,653	$8,319,155	+0.1%
Expenses	$9,295,104	$8,568,063	+0.1%
Net Income	$242,549	$-248,908	-2.0%

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

850

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

$258,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER MERCHANT	Executive Dir.	40.00	Officer	$174,916	$0	$174,916
LISA NOBLE	ACCT. MANAGER	40.00	Officer	$83,995	$0	$83,995
MARSHALL DELK	Director	2.00	Officer Director	$0	$0	$0
JOHN PRESLEIGH	Director	2.00	Director	$0	$0	$0
JACOB GUTH	Director	2.00	Officer Director	$0	$0	$0
JUDITH LEVIN	Director	2.00	Director	$0	$0	$0
LESLIE O'MALLEY	Vice Chair	2.00	Director	$0	$0	$0
SATISH RISHI	Treasurer	2.00	Director	$0	$0	$0
RICHARD BEACH	Director	2.00	Director	$0	$0	$0
KATHY HORMEL	Secretary	2.00	Director	$0	$0	$0
ADELINE DAVIS	Director	2.00	Director	$0	$0	$0
THOMAS PARKER	Chair	2.00	Director	$0	$0	$0
BETSEY LYNBERG	Director	0.00	Officer Director	$0	$0	$0
MICHAEL WATKINS	Director	0.00	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	$9,537,653	$9,295,104	$11,658,482	$242,549
2025	$9,537,653	$9,295,104	$11,658,482	$242,549
2024	$8,319,155	$8,568,063	$11,274,881	$-248,908
2023	$8,184,695	$7,903,166	$8,694,207	$281,529
2022	$8,587,321	$7,546,662	$8,120,085	$1,040,659
2021	$8,377,018	$7,372,591	$7,420,160	$1,004,427
2020	$6,491,755	$6,166,121	$6,313,034	$325,634
2019	$6,556,718	$6,367,031	$5,535,891	$189,687
2018	$6,206,559	$6,025,463	$5,325,019	$181,096