VIRGINIA RIDES (EIN 208542445) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

E BRUCE SIMMS

Phone

5403381610

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA RIDES, founded in 2006, is a small nonprofit in the Human Services sector that reported $863K in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $967K exceeded revenue, resulting in a 12% operating deficit.

Mission

VIRGINIA RIDES IS ORGANIZED TO BENEFIT & SUPPORT VIRGINIA REGIONAL TRANSIT, A 501C3 PUBLIC CHARITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,684,632

Investment Income $3,228

Other Revenue $762

TOTAL REVENUE $2,688,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,274,964

Other Expenses $2,522,833

TOTAL EXPENSES $2,522,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,688,622	$1,277,907	+1.1%
Expenses	$2,522,833	$1,113,312	+1.3%
Net Income	$165,789	$164,595	+0.0%

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

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

$239,408

Total Directors

$239,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E BRUCE SIMMS	PRESIDENT/CE	15.00	Officer Director	$0	$36,642	$239,408
NOEL A BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
JANET CLARKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIN RAYNER	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES ASKEGREN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW GREENFIELD	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MCCANN	DIRECTOR	1.00	Director	$0	$0	$0
SHAELYN MULLANEY	DIRECTOR	1.00	Director	$0	$0	$0
LISA PEACOCK	DIRECTOR	1.00	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	$2,688,622	$2,522,833	$1,215,975	$165,789
2024	$1,277,907	$1,113,312	$791,673	$164,595
2023	$2,282,355	$2,010,713	$643,236	$271,642
2022	$1,747,808	$1,522,990	$380,714	$224,818
2021	$831,292	$808,382	$112,852	$22,910
2020	$442,146	$514,177	$156,580	$-72,031
2019	$930,551	$1,043,872	$239,954	$-113,321
2018	$863,323	$967,043	$468,204	$-103,720

VIRGINIA RIDES