WESTERN-WASHTENAW AREA VALUE EXPRESS (EIN 382122970) - 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

1976

Legal Domicile

Principal Officer

MARIE GRESS

Phone

7344759494

Tax Period

2023-10-01 to 2024-09-30

WESTERN-WASHTENAW AREA VALUE EXPRESS, founded in 1976, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 9% surplus.

Mission

PROVIDE PUBLIC TRANSIT TO TRANSIT DEPENDENT INDIVIDUALS IN THE WESTERN WASHTENAW COUNTY AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,257,142

Program Service Revenue $1,172,423

Investment Income $-31,071

Other Revenue $3,141

TOTAL REVENUE $2,401,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,281,696

Fundraising Expenses $0

Program Expenses $1,471,313

Other Expenses $901,604

TOTAL EXPENSES $2,183,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,401,635	$1,630,983	+0.5%
Expenses	$2,183,300	$2,071,186	+0.1%
Net Income	$218,335	$-440,203	-1.5%

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

$59,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY MUNCE	DIRECTOR	1.00	Director	$0	$0	$0
GREG MCKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
REILEY CURRAN	DIRECTOR	1.00	Director	$0	$0	$0
DONNA WHITNEY	DIRECTOR	1.00	Director	$0	$0	$0
BETH MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ALEX GOSSAGE	DIRECTOR	1.00	Director	$0	$0	$0
KATHY KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
PETER FEENEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNA ELSWICK	SECRETARY	1.00	Officer Director	$0	$0	$0
REGINA HAMLETT	TREASURER	1.00	Officer Director	$0	$0	$0
ALAN DEVAUGHN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM MOORE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIE GRESS	EXECUTIVE DIRECTOR	40.00	Officer	$58,978	$471	$59,449

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	$2,401,635	$2,183,300	$1,632,118	$218,335
2023	$1,630,983	$2,071,186	$1,470,621	$-440,203
2022	$2,302,588	$1,993,614	$1,983,896	$308,974
2021	$1,663,122	$1,497,003	$2,035,859	$166,119
2020	$1,445,547	$1,242,526	$1,638,087	$203,021
2019	$1,280,621	$1,206,879	$1,076,116	$73,742
2018	$1,069,565	$1,145,862	$1,046,885	$-76,297

WESTERN-WASHTENAW AREA VALUE EXPRESS