Bay Aging

Nonprofit profile at a glance

EIN
541085032
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2021
Location
Urbanna, VA, US
Phone
804-758-2386
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$83,199,281
Expenses
$80,883,129
Assets
$42,402,144
Liabilities
$14,526,322

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • KATHY VESLEY (PRESIDENT/CEO)

Highest reported compensation

  • KATHY VESLEY (PRESIDENT/CEO): $267,416 total reported compensation
  • TINSLEY GOAD (CFO): $235,394 total reported compensation
  • KENNETH POLLOCK (TRANSIT DIRECTOR): $150,642 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide the programs and services people of all ages need to live independently in their communities.

What it reported doing in 2024

The community living program offers a range of programs and services that benefit people of all ages. Serving more than 35,000 individuals in fiscal 2025, these programs include congregate and home delivered delivered meals; 8 active lifestyle centers (senior centers); 1 adult day care center providing respite care; in-home personal care, companion care and coordinated care services; veteran-directed care financial management services and counseling; care transitions intervention designed to reduce hospital readmissions; senior employment training and insurance counseling, information and referral services, and other activities. 1,000 volunteers delivered 176,000 meals, non-emergency medical rides, insurance counseling, friendly calls and visits, and other activities.

Operating model

Revenue model
Earned-program. 84% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 84
  • Accountability: 100
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.6%; rating input score 94
  • Program expense ratio: 96.3%; rating input score 96
  • Fundraising efficiency: $90.96 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.8%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 1.5%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 18.7% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 13.6% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 8.8% per year; rating input score 100; 64th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 12 operating locations identified
  • Where the money goes: 93.6% of revenue deployed · 96.3% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $77.9M in reported program spending
  • Leadership: top reported pay $267K · 22 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.5M reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 47/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.