Bay Aging Foundation

Bay Aging Foundation shows strong asset growth and low executive compensation, but experienced a significant negative revenue period in 2022.

EIN: 134232354 · Urbanna, VA · NTEE: G11 · Updated: 2026-03-28

$375KRevenue

$1.3MAssets

85/100Mission Score (Excellent)

G11

About Bay Aging Foundation

Bay Aging Foundation (EIN: 134232354) is a nonprofit organization based in Urbanna, VA, classified under NTEE code G11. The organization reported total revenue of $375K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bay Aging Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Bay Aging Foundation demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $1,061,969 in 2023. The organization's spending efficiency appears strong, particularly in the latest reported period (202309) where expenses were $66,819 against revenues of $217,684, indicating a significant surplus. However, there have been periods of negative revenue, such as in 202209 with a reported revenue of $-104,040, which warrants further investigation to understand the underlying financial activities. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead related to executive pay, contributing positively to transparency and donor confidence. The organization's NTEE code G11 (Services for the Elderly) aligns with its mission, and the financial data generally supports its operational capacity to serve this demographic.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bay Aging Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 85%
fundraising: 0%

According to IRS 990 filings, Bay Aging Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for minimizing administrative costs relative to its size and mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Bay Aging Foundation's IRS 990 filings:

Significant negative revenue reported in 202209 ($-104,040), requiring further investigation.
Fluctuating revenue streams across different periods, indicating potential reliance on unpredictable funding sources.

Strengths

The following positive indicators were identified for Bay Aging Foundation:

Consistent asset growth over the past decade, from $777,464 in 2014 to $1,061,969 in 2023.
0% officer compensation reported across all filings, demonstrating strong commitment to minimizing executive overhead.
Strong program spending efficiency, as indicated by the latest period's expenses being significantly lower than revenue ($66,819 vs $217,684 in 202309).
Low liabilities relative to assets, with liabilities often at $0 or very low, indicating good financial management and solvency.

Frequently Asked Questions about Bay Aging Foundation

What caused the negative revenue of $-104,040 in the 202209 period?

The IRS 990 filing for 202209 shows a negative revenue figure, which could be due to investment losses, significant returns of contributions, or accounting adjustments. A deeper dive into the specific filing's Statement of Revenue would be necessary to pinpoint the exact cause.

How does Bay Aging Foundation sustain its operations with fluctuating revenues?

Despite revenue fluctuations, including negative periods, the organization has consistently grown its assets, from $777,464 in 2014 to $1,061,969 in 2023. This suggests effective management of existing assets, potentially through investment income or careful expense control, to maintain financial stability.

What is the primary source of funding for Bay Aging Foundation?

While the filings show varying revenue figures, the overall trend of positive revenue and asset growth suggests a mix of contributions, grants, and potentially investment income. The specific breakdown of revenue sources would be detailed in the full IRS 990 filings, particularly Part VIII, Statement of Revenue.

Filing History

IRS 990 filing history for Bay Aging Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bay Aging Foundation's revenue has grown by 3259.8%, moving from $6K to $218K. Total assets increased by 96.3% over the same period, from $541K to $1.1M. Total functional expenses rose by 8252.4%, from $800 to $67K. In its most recent filing year (2023), Bay Aging Foundation reported a surplus of $151K, with revenue exceeding expenses. The organization holds $16K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $1.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$218K	$67K	$1.1M	$16K	—	View 990
2022	$-104,040	$72K	$895K	$0	—	View 990
2021	$13K	$11K	$1.1M	$2K	—	View 990
2020	$45K	$163K	$883K	$0	—	View 990
2019	$116K	$129K	$1.0M	$31K	—	View 990
2018	$40K	$23K	$992K	$13K	—	View 990
2017	$32K	$10K	$924K	$0	—	View 990
2016	$43K	$9K	$817K	$0	—	View 990
2015	$72K	$17K	$753K	$0	—	View 990
2014	$60K	$22K	$777K	$0	—	View 990
2013	$1K	$2K	$738K	$0	—	View 990
2012	$2K	$25	$640K	$0	—	View 990
2011	$6K	$800	$541K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $218K, expenses of $67K, and assets of $1.1M.
2022: Revenue of $-104,040, expenses of $72K, and assets of $895K (revenue -885.8% year-over-year).
2021: Revenue of $13K, expenses of $11K, and assets of $1.1M (revenue -70.7% year-over-year).
2020: Revenue of $45K, expenses of $163K, and assets of $883K (revenue -61.0% year-over-year).
2019: Revenue of $116K, expenses of $129K, and assets of $1.0M (revenue +187.6% year-over-year).
2018: Revenue of $40K, expenses of $23K, and assets of $992K (revenue +25.3% year-over-year).
2017: Revenue of $32K, expenses of $10K, and assets of $924K (revenue -24.9% year-over-year).
2016: Revenue of $43K, expenses of $9K, and assets of $817K (revenue -40.8% year-over-year).
2015: Revenue of $72K, expenses of $17K, and assets of $753K (revenue +20.5% year-over-year).
2014: Revenue of $60K, expenses of $22K, and assets of $777K (revenue +3986.6% year-over-year).
2013: Revenue of $1K, expenses of $2K, and assets of $738K (revenue -27.9% year-over-year).
2012: Revenue of $2K, expenses of $25, and assets of $640K (revenue -68.5% year-over-year).
2011: Revenue of $6K, expenses of $800, and assets of $541K.

Data Sources and Methodology

This transparency report for Bay Aging Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.