Western Maine Transportation Servi… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

Michael Burke

Phone

2072376853

Tax Period

2023-10-01 to 2024-09-30

Western Maine Transportation Services Inc, founded in 1976, is a community nonprofit in the Human Services sector that reported $6.8M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $7.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

WMTS provides transit services that are affordable, dependable, and safe WMTS buses are accessible for persons using mobility devices. Most transit services are limited to weekdays at the present time. Fare assistance may be available through various service agreements.

Program Service Accomplishments

Program 1

Expenses: $7,476,516

Providing low or no-cost transit srevices to individulas in the WMTS service area, with a particular regard to the elderly and persons with disabilities. WMTS receives funding from the Federal...

Providing low or no-cost transit srevices to individulas in the WMTS service area, with a particular regard to the elderly and persons with disabilities. WMTS receives funding from the Federal Transit Administration and MaineDOT. Local match is funded by Androscoggin, Franklin, and Oxford counties, the Town of Brunswick, Lisbon, Carrabassett Valley, Bethel, Newry, other municipalities and partnership with local businesses. Additional funding is received from United Way, MaineDHHS, CDS and through other contractual agreements.

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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 $3,604,718

Program Service Revenue $3,199,796

Investment Income $1,519

Other Revenue $14,168

TOTAL REVENUE $6,820,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,214,936

Fundraising Expenses $0

Program Expenses $7,476,516

Other Expenses $2,713,159

TOTAL EXPENSES $7,928,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,820,201	$8,486,225	-0.2%
Expenses	$7,928,095	$6,872,397	+0.2%
Net Income	$-1,107,894	$1,613,828	-1.7%

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

106

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

$120,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandra Buchanan	Executive Director	040.00	Officer	$120,875	$0	$120,875
Kurt Schaub	Vice President	000.50	Officer Director	$0	$0	$0
Michael Burke	President	000.50	Officer Director	$0	$0	$0
Rhonda Irish	Secretary	000.50	Officer Director	$0	$0	$0
Dave Cota	Director	000.50	Director	$0	$0	$0
Tom Skolfield	Director	000.50	Director	$0	$0	$0
Karen Topp	Director	000.50	Director	$0	$0	$0
David Brooks	Director	000.50	Director	$0	$0	$0
Ed Barrett	Director	000.50	Director	$0	$0	$0
Tom Winsor	Director	000.50	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	$6,820,201	$7,928,095	$8,498,819	$-1,107,894
2023	$8,486,225	$6,872,397	$8,989,378	$1,613,828
2022	$7,928,788	$5,798,243	$7,363,134	$2,130,545
2021	$7,097,683	$5,470,413	$4,894,025	$1,627,270
2020	$5,495,890	$4,697,569	$3,837,636	$798,321
2019	$4,257,761	$4,354,029	$2,947,380	$-96,268
2018	$3,989,395	$3,963,870	$3,155,717	$25,525

Western Maine Transportation Services Inc