Lake Orion, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
To provide transportation options to the elderly, low income and disabled individuals in order to access basic needs and medical services.
Partner Program is where we partner with health and human service agencies to assist the agencies clients in accessing services. Using our volunteer drivers we provide transporation services to these...
Partner Program is where we partner with health and human service agencies to assist the agencies clients in accessing services. Using our volunteer drivers we provide transporation services to these clients. Our volunteer driver reimbursed mileage at the federal standard mileage rate.
CORE program consists of mobility management and operations. This program has a monthly ridership where the riders are alloted 100 miles per month. Payment is made to the rider at 55 cents per mile...
CORE program consists of mobility management and operations. This program has a monthly ridership where the riders are alloted 100 miles per month. Payment is made to the rider at 55 cents per mile in order to pay their own volunteer drivers for access basic needs and medical services. Riders must apply to the program so we may determine eligibilty. Low income, senior and disabled individuals are the only ones eligible to appy to our program. These individuals are referred to as Rider.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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