INSTITUTE FOR AFFORDABLE TRANSPORTATION (EIN 352133517) - 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

2000

Legal Domicile

Phone

3172131088

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE FOR AFFORDABLE TRANSPORTATION, founded in 2000, is a small nonprofit in the Human Services sector that reported $471K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 27% operating margin.

Mission

TO DRIVE HOPE, CONNECT PEOPLE AND TRANSFORM LIVES THROUGH RURAL TRANSPORT SOLUTIONS

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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 (2024)

Revenue Breakdown

Contributions & Grants $464,000

Program Service Revenue $2,696

Investment Income $4,469

Other Revenue $0

TOTAL REVENUE $471,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,813

Fundraising Expenses $6,872

Program Expenses $300,016

Other Expenses $222,252

TOTAL EXPENSES $344,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$471,165	$319,458	+0.5%
Expenses	$344,065	$260,973	+0.3%
Net Income	$127,100	$58,485	+1.2%

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

$88,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILL AUSTIN	EXECUTIVE DIRECTOR	40.00	Officer	$88,616	$0	$88,616
DAVID OLAWALE	BOARD MEMBER	3.00	Director	$0	$0	$0
AWUJOOLA ITAU	BOARD MEMBER	3.00	Director	$0	$0	$0
DOUG MCCOLGIN	BOARD MEMBER	3.00	Director	$0	$0	$0
RALPH MEYER	TREASURER	5.00	Director	$0	$0	$0
WES GERBIG	CHAIRMAN	5.00	Director	$0	$0	$0
DAVE STANK	BOARD MEMBER	3.00	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
2024	$471,165	$344,065	$519,761	$127,100
2023	$319,458	$260,973	$391,281	$58,485
2022	$370,756	$386,866	$347,473	$-16,110
2021	$372,664	$336,505	$379,849	$36,159
2020	$304,628	$263,632	$335,860	$40,996
2019	$297,752	$249,072	$273,669	$48,680
2018	$242,664	$242,741	$222,207	$-77

INSTITUTE FOR AFFORDABLE TRANSPORTATION