Bay Area Employment Development Company (EIN 953457545) - 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

1978

Legal Domicile

Principal Officer

Michael Johnson

Phone

9259261020

Tax Period

2023-10-01 to 2024-09-30

Bay Area Employment Development Company, founded in 1978, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $4.0M left a modest 13% surplus.

Mission

Assist growing small businesses obtain low cost optimally structured financing for fixed asset expansions which helps them retain and create jobs and assist their communities with neighborhood commercial revitalization efforts.

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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 $4,508,343

Investment Income $18,573

Other Revenue $8,494

TOTAL REVENUE $4,535,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,659,336

Fundraising Expenses $0

Program Expenses $3,192,985

Other Expenses $1,300,010

TOTAL EXPENSES $3,959,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,535,410	$5,131,867	-0.1%
Expenses	$3,959,346	$4,439,699	-0.1%
Net Income	$576,064	$692,168	-0.2%

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

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

$161,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Grant	CEO	40.00		$395,845	$0	$395,845
Mark Schwan	Senior VP	40.00		$261,870	$0	$261,870
Kimberly Shinjo	Loan Analyst	40.00		$171,000	$0	$171,000
Susan Dunlap	Portfolio Manager	40.00		$158,500	$0	$158,500
Robert Thompson	Senior VP	40.00		$158,290	$0	$158,290
James Baird	Director	40.00	Director	$137,500	$0	$137,500
Walter Menzel	Vice President	1.00	Director	$4,000	$0	$4,000
Torran Nixon	Director	1.00	Director	$4,000	$0	$4,000
Michael Johnson	President	1.00	Director	$4,000	$0	$4,000
Scott Hauge	Director	1.00	Director	$4,000	$0	$4,000
Bonnie Lipscomb	Treasurer	1.00	Director	$4,000	$0	$4,000
Olivia Rebanal	Director	1.00	Director	$4,000	$0	$4,000
Francine Boards	Director	1.00	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
2024	$4,535,410	$3,998,105	$3,697,089	$537,305
2024	$4,535,410	$3,959,346	$3,697,089	$576,064
2023	$5,131,867	$4,439,699	$2,359,655	$692,168
2022	$5,006,883	$4,660,301	$1,691,619	$346,582
2021	$4,389,327	$4,470,467	$2,283,354	$-81,140
2020	$3,957,115	$3,951,457	$2,078,409	$5,658
2019	$4,149,765	$4,102,581	$2,542,649	$47,184
2018	$4,075,144	$3,692,100	$2,214,523	$383,044

Bay Area Employment Development Company