Freedom Road Transportation Authority (EIN 352212929) - 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

2003

Legal Domicile

Principal Officer

Karen Boice

Phone

2482321259

Tax Period

2024-01-01 to 2024-12-31

Freedom Road Transportation Authority, founded in 2003, is a small nonprofit in the Public & Societal Benefit sector that reported $218K in total revenue in fiscal year 2024. Expenses of $280K exceeded revenue, resulting in a 28% operating deficit.

Mission

To provide transportation options to the elderly, low income and disabled individuals in order to access basic needs and medical services.

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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 $0

Program Service Revenue $216,670

Investment Income $1,512

Other Revenue $0

TOTAL REVENUE $218,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,665

Fundraising Expenses $0

Program Expenses $161,623

Other Expenses $133,141

TOTAL EXPENSES $279,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,182	$216,187	+0.0%
Expenses	$279,806	$311,744	-0.1%
Net Income	$-61,624	$-95,557	-0.4%

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

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
Dave Alt	Board Member	1.00	Director	$0	$0	$0
Shang Rule	Mobility Manager and Board Member	45.00	Director Key Emp	$0	$0	$0
Barbara Nettle	Board Member	1.00	Director	$0	$0	$0
Renee Bacci	Board Member	1.00	Director	$0	$0	$0
Karen Boice	Executive Director and Board Member	45.00	Officer	$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	$218,182	$279,806	$59,571	$-61,624
2023	$216,187	$311,744	$121,195	$-95,557
2022	$192,343	$280,938	$220,747	$-88,595
2021	$338,949	$239,100	$312,396	$99,849
2020	$159,155	$225,020	$211,196	$-65,865
2019	$169,558	$186,690	$271,362	$-17,132
2018	$318,271	$149,729	$288,494	$168,542

Freedom Road Transportation Authority