Cardinal Bay INC

Shelton, Connecticut

DHealth Score
31D

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Poor

How This Organization Compares

Compared to 3 peers in Housing & Shelter with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org-0.46×
Peer Median12.01×
💰
$42.0M
Total Revenue
📊
$45.9M
Total Expenses
🏦
-$21.3M
Net Assets
📋
$224.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+6.8%
Year-over-year change (2022 → 2023)
Net Margin
-9.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
-0.46
Net assets divided by total expenses
Liabilities-to-Assets
110.5%
Total liabilities as % of total assets

Filing History

8 filings on record
YearRevenueExpensesAssets
2023$42,013,715↑7%$45,916,569↑2%$203,503,755↓3%
2022$39,334,699↑1%$44,843,774↑9%$210,832,423↓3%
2021$38,962,126↑3%$41,273,265↓2%$218,351,213↓3%
2020$37,782,896↓5%$41,931,447↑1%$225,656,938↓2%
2019$39,930,501↑2%$41,593,096↑3%$230,845,654↓2%
2018$39,326,858↑3%$40,544,057↑2%$235,729,722↓2%
2017$38,205,117↑67%$39,782,913↑67%$240,254,986↓2%
2016$22,819,495$23,756,441$246,353,431

Frequently Asked Questions

What does Cardinal Bay INC do?▼

Cardinal Bay INC is a housing & shelter nonprofit organization based in Connecticut. It is classified under NTEE code L22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Cardinal Bay INC financially healthy?▼

Based on our 9-metric Financial Health Score model, Cardinal Bay INC has a score of 31/100 (Grade: D). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Cardinal Bay INC generate?▼

Cardinal Bay INC reports $44.2M in annual revenue and holds $199.8M in total assets, based on IRS filings.

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