Merrimack Valley Transportation Ma… - 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

1997

Legal Domicile

Principal Officer

Kevin Lemire

Phone

7816396262

Tax Period

2023-07-01 to 2024-06-30

Merrimack Valley Transportation Management Association Inc, founded in 1997, is a small nonprofit in the Public & Societal Benefit sector that reported $122K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 62% operating margin.

Mission

Providing local bus service and car pooling assistance.

Program Service Accomplishments

Program 1

Expenses: $46,702 Revenue: $121,875

Administers the guaranteed ride home programs and organizes promotional events to encourage car pooling in order to reduce traffic in the Greater Merrimack Valley.

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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 $0

Program Service Revenue $121,875

Investment Income $0

Other Revenue $0

TOTAL REVENUE $121,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,702

Other Expenses $46,702

TOTAL EXPENSES $46,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,875	$92,625	+0.3%
Expenses	$46,702	$77,731	-0.4%
Net Income	$75,173	$14,894	+4.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Babcock	Director	2.00	Director	$0	$0	$0
Rebecca Landquist	Director	2.00	Director	$0	$0	$0
Robert Bailey	Director	2.00	Director	$0	$0	$0
Kevin Lemire	President	2.00	Officer	$0	$0	$0
Heather Lauten	Treasurer	2.00	Officer	$0	$0	$0
Marlene Hoyt	Clerk	2.00	Officer	$0	$0	$0
Andrea Leary	Assistant Clerk	2.00	Officer	$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
2025	No data	No data	No data	No data
2024	$121,875	$46,702	$299,551	$75,173
2023	$92,625	$77,731	$224,378	$14,894
2022	$83,250	$100,631	$114,028	$-17,381
2021	$83,000	$95,371	$131,409	$-12,371
2020	$103,750	$103,854	$143,780	$-104
2019	$147,250	$91,452	$143,884	$55,798

Merrimack Valley Transportation Management Association Inc