North Fork Area Transit Inc (EIN 237207097) - 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

1987

Legal Domicile

Principal Officer

Lacy Kimes

Phone

4023794595

Tax Period

2022-07-01 to 2023-06-30

North Fork Area Transit Inc, founded in 1987, is a community nonprofit in the Human Services sector that reported $4.1M in total revenue in fiscal year 2022. Revenue surged 65% from the prior year, signaling strong growth momentum.

Mission

Providing safe, efficient, affordable public transportation to area residents and visitors in accordance local, state, and federal guidelines.

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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 $3,850,533

Program Service Revenue $179,843

Investment Income $1,603

Other Revenue $56,566

TOTAL REVENUE $4,088,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,828,680

Fundraising Expenses $0

Program Expenses $4,125,283

Other Expenses $2,321,501

TOTAL EXPENSES $4,150,181

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,088,545	$2,477,909	+0.6%
Expenses	$4,150,181	$2,440,802	+0.7%
Net Income	$-61,636	$37,107	-2.7%

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

131

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
Steven Rames	Director	1.00	Director	$0	$0	$0
Traci Jeffrey	Vice President	1.00	Officer Director	$0	$0	$0
Randy Hagedorn	Director	1.00	Director	$0	$0	$0
Juan Sandoval	Director	1.00	Director	$0	$0	$0
Lacy Kimes	President	1.00	Officer Director	$0	$0	$0
Brian Blecher	Director	1.00	Director	$0	$0	$0
Patty Skokan	Director	1.00	Director	$0	$0	$0
Amanda Nipp	Secretary	1.00	Officer Director	$0	$0	$0
Cheryl Gesell	Director	1.00	Director	$0	$0	$0
Jan Einspahr	Director	1.00	Director	$0	$0	$0
Chuck Waite	Director	1.00	Director	$0	$0	$0
Gordon Adams	Director	1.00	Director	$0	$0	$0
Justin Webb	Director	1.00	Director	$0	$0	$0
Beth Plisek	Director	1.00	Director	$0	$0	$0
Jared Faltys	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,088,545	$4,150,181	$654,607	$-61,636
2022	$2,477,909	$2,440,802	$384,264	$37,107
2020	$702,752	$528,688	$238,308	$174,064
2019	$496,118	$511,207	$64,244	$-15,089
2018	$455,041	$467,009	$79,333	$-11,968

North Fork Area Transit Inc