Advance Transit Inc

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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

1984

Legal Domicile

Principal Officer

Adams Carroll

Phone

8022951824

Tax Period

2022-07-01 to 2023-06-30

Advance Transit Inc, founded in 1984, is a community nonprofit in the Public & Societal Benefit sector that reported $8.7M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 17% operating margin.

Mission

To assure the continued livability and accessibility of Upper Valley by providing safe, effective and friendly public transportation services.

Program Service Accomplishments

Program 1

Expenses: $5,769,128 Revenue: $8,662,377

Public transportation services for several towns in the upper valley region of New Hampshire and Vermont. Provides transportation to the general public, youth, elderly and handicapped.

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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 $8,606,495

Program Service Revenue $0

Investment Income $6,706

Other Revenue $47,173

TOTAL REVENUE $8,660,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,375,876

Fundraising Expenses $52,751

Program Expenses $5,769,128

Other Expenses $2,797,926

TOTAL EXPENSES $7,173,802

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,660,374	$7,862,543	+0.1%
Expenses	$7,173,802	$6,079,965	+0.2%
Net Income	$1,486,572	$1,782,578	-0.2%

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

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

$146,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Osborn	President	5.00	Officer Director	$0	$0	$0
Nathan Miller	Vice President	5.00	Officer Director	$0	$0	$0
Georgios Katsaros	Treasurer	5.00	Officer Director	$0	$0	$0
Rebecca Owens	Secretary	2.50	Officer Director	$0	$0	$0
Robert Houseman	Board Member	2.50	Director	$0	$0	$0
Van Chesnut	Executive Director	0.00		$143,479	$7,240	$150,719
Bethany Fleishman	Board Member	2.50	Director	$0	$0	$0
Patrick O'Neill	Board Member	2.50	Director	$0	$0	$0
James Taylor	Board Member	2.50	Director	$0	$0	$0
Mark Beliveau	Board Member	2.50	Director	$0	$0	$0
Joe Major	Board Member	2.50	Director	$0	$0	$0
Kathie Nolet	Board Member	2.50	Director	$0	$0	$0
Devin Wilkie	Board Member	2.50	Director	$0	$0	$0
David Stewart	Board Member	2.50	Director	$0	$0	$0
Adams Carroll	Executive Director	40.00	Officer	$139,939	$6,676	$146,615
Rob Starkey	Treasurer	0.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$8,660,374	$7,173,802	$18,671,790	$1,486,572
2022	$7,862,543	$6,079,965	$17,081,099	$1,782,578
2021	$7,196,962	$6,356,146	$16,089,126	$840,816