MI Transportation Inc (EIN 042921889) - 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

1986

Legal Domicile

Principal Officer

Gerard Foley

Phone

9786856321

Tax Period

2022-01-01 to 2022-12-31

MI Transportation Inc, founded in 1986, is a micro nonprofit that reported $16K in total revenue in fiscal year 2022. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 365% operating deficit.

Mission

Mary Immaculate Transportation is a non-profit paratransit company that exists to provide competent and compassionate door-through-door assistance and transportation to medical appointments, shopping trips, and social outings for mostly frail and low income elders and persons with disabilities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,950

Investment Income $124

Other Revenue $0

TOTAL REVENUE $16,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,800

Fundraising Expenses $0

Program Expenses $57,167

Other Expenses $27,893

TOTAL EXPENSES $74,693

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,074	$1,035,878	-1.0%
Expenses	$74,693	$226,959	-0.7%
Net Income	$-58,619	$808,919	-1.1%

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

N/A

Volunteers

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

$457,471

Total Directors

$457,471

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerard Foley JD MPH	President & CEO (start 8/2022)	1.00	Officer Director	$0	$31,606	$318,444
Jeanne Leydon	President & CEO (end 8/2022)	1.00	Officer Director	$0	$9,639	$139,027
Raisa T Carrasco-Velez	Director	1.00	Director	$0	$0	$0
Rev John Delaney	Director	1.00	Director	$0	$0	$0
Roger Desjardins	Director	1.00	Director	$0	$0	$0
Samer Obeid Esq	Director	1.00	Director	$0	$0	$0
Deacon Eric Peabody	Director	1.00	Director	$0	$0	$0
Sr Marcia Wiley	Director	1.00	Director	$0	$0	$0
Deborah L Turiano MD	Chair	1.00	Officer Director	$0	$0	$0
William Shaheen CPA	Treasurer	1.00	Officer Director	$0	$0	$0
Karen Gallagher Giangrande	Clerk	1.00	Officer 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
2022	$16,074	$74,693	No data	$-58,619
2021	$1,035,878	$226,959	$5,681,960	$808,919
2020	$364,221	$366,697	$5,300,822	$-2,476
2019	$959,479	$553,933	$5,321,897	$405,546
2018	$768,364	$557,768	$4,631,477	$210,596

MI Transportation Inc