ROCKBRIDGE AREA TRANSPORTATION SYS… - 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

1995

Legal Domicile

Principal Officer

JAMES MANLEY

Phone

5404643346

Tax Period

2023-07-01 to 2024-06-30

ROCKBRIDGE AREA TRANSPORTATION SYSTEM INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $785K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $973K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE SAFE AND AFFORDABLE TRANSPORTATION FOR RESIDENTS OF THE ROCKBRIDGE AREA, ESPECIALLY THOSE WHO ARE ELDERLY, HAVE SPECIAL NEEDS, OR HAVE NO OTHER TRANSPORTATION.

Program Service Accomplishments

Program 1

Expenses: $841,082 Revenue: $564,799

PROVIDE ESSENTIAL TRANSPORTATION TO THE ELDERLY AND INDIVIDUALS WITH SPECIAL NEEDS OR NO OTHER SOURCE OF TRANSPORTATION IN BUENA VISTA, LEXINGTON, AND ROCKBRIDGE COUNTY.

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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 $216,207

Program Service Revenue $622,539

Investment Income $-54,413

Other Revenue $581

TOTAL REVENUE $784,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $558,924

Fundraising Expenses $0

Program Expenses $841,082

Other Expenses $413,636

TOTAL EXPENSES $972,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$784,914	$889,723	-0.1%
Expenses	$972,560	$822,375	+0.2%
Net Income	$-187,646	$67,348	-3.8%

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	Role	Reportable Comp	Other Comp	Total
JAMES MANLEY	PRESIDENT	Officer Director	$0	$0	$0
CHRIS CARTWRIGHT	VICE PRESIDENT	Officer Director	$0	$0	$0
STEPHANIE RICHARDE	SECRETARY	Officer Director	$0	$0	$0
GREG BROOKS	DIRECTOR	Director	$0	$0	$0
BRIAN DEARING	DIRECTOR	Director	$0	$0	$0
PATTE WOOD	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$784,914	$972,560	$235,728	$-187,646
2023	$889,723	$822,375	$426,989	$67,348
2022	$683,841	$655,783	$335,432	$28,058
2020	$734,967	$783,310	$321,456	$-48,343
2019	$781,721	$724,999	$289,215	$56,722

ROCKBRIDGE AREA TRANSPORTATION SYSTEM INC