GALESBURG TRANSIT I CORPORATION

EIN: 371405315 501(c)(3)

GALESBURG, IL

Total Revenue
$958,966
Total Expenses
$958,966
Total Assets
$176,336
Net Assets
$3,350
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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
2002
Legal Domicile
IL
Phone
3093424242
Tax Period
2019-01-01 to 2019-12-31

GALESBURG TRANSIT I CORPORATION, founded in 2002, is a small nonprofit that reported $959K in total revenue in fiscal year 2019.

Mission

TO PROVIDE LOW COST PUBLIC TRANSPORTATION TO THE CITIZENS OF GALESBURG, ILLINOIS.

Program Service Accomplishments

Program 1
Expenses: $843,849

THE COMPANY RUNS PUBLIC TRANSPORTATION BUS ROUTES PROVIDING TRANSPORTATION TO THE CITIZENS OF GALESBURG IL WITH A POPULATION OF APPROXIMATELY 32,000. THE COMPANY RECEIVES OVER 92% OF ITS REVENUE FROM...

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THE COMPANY RUNS PUBLIC TRANSPORTATION BUS ROUTES PROVIDING TRANSPORTATION TO THE CITIZENS OF GALESBURG IL WITH A POPULATION OF APPROXIMATELY 32,000. THE COMPANY RECEIVES OVER 92% OF ITS REVENUE FROM CITY SUBSIDIES.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $906,888
Program Service Revenue $52,068
Investment Income $10
Other Revenue $0
TOTAL REVENUE $958,966

Expense Breakdown

Grants Paid $0
Salaries & Benefits $672,709
Fundraising Expenses $0
Program Expenses $843,849
Other Expenses $286,257
TOTAL EXPENSES $958,966

Year-over-Year Comparison

2019 2018 Change
Revenue $958,966 $951,337 +0.0%
Expenses $958,966 $951,337 +0.0%
Net Income $0 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
25
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
2
$115,150
Total Directors
4
$115,150
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRAIG S MCCLUSKIE President 40.00
Officer Director
$63,552 $9,165 $72,717
AMBER CONNOUR Treasurer 40.00
Officer Director
$37,066 $5,367 $42,433
TODD THOMPSON Director 0.30
Director
$0 $0 $0
JOHN PRITCHARD Director 0.30
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
2019 $958,966 $958,966 $176,336 No data
2018 $951,337 $951,337 $75,205 No data
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