HURON TRANSIT CORPORATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

KENNETH JIMKOSKI

Phone

8003221125

Tax Period

2024-10-01 to 2025-09-30

HURON TRANSIT CORPORATION, founded in 1986, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

PROVIDE AFFORDABLE PUBLIC TRANSPORTATION THROUGHOUT HURON COUNTY.

Program Service Accomplishments

Program 1

Expenses: $5,751,349 Revenue: $2,297,825

DURING THE FISCAL YEAR 2024-2025 HURON TRANSIT CORPORATION PROVIDED TRANSPORTATION TO OVER 434,222 PASSENGERS, INCLUDING OVER 69,396 ELDERLY AND DISABLED INDIVIDUALS. THAT TRANSPORTATION COVERED OVER...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,546,111

Program Service Revenue $1,518,066

Investment Income $140,205

Other Revenue $639,554

TOTAL REVENUE $7,843,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,444,452

Fundraising Expenses $0

Program Expenses $5,751,349

Other Expenses $2,897,642

TOTAL EXPENSES $6,342,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,843,936	$9,944,517	-0.2%
Expenses	$6,342,094	$6,584,723	0.0%
Net Income	$1,501,842	$3,359,794	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$2,531

Total Directors

$2,153

Key Employees

$192,488

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DALLAS	BOARD MEMBER	2.00	Director	$658	$0	$658
JAMES LEONARD	BOARD MEMBER	2.00	Director	$715	$0	$715
MICHAEL MEISSNER	BOARD MEMBER	2.00	Director	$780	$0	$780
JOSEPH MURPHY	TREASURER	2.00	Officer	$1,010	$0	$1,010
JOHN BODIS	PRESIDENT	2.00	Officer	$676	$0	$676
JULIENNE FERRIS	SECRETARY	2.00	Officer	$845	$0	$845
KENNETH JIMKOSKI	EXECUTIVE DIRECTOR	50.00	Key Emp	$112,729	$0	$112,729
MARY ESSENMACHER	ASSISTANT DIRECTOR	50.00	Key Emp	$79,759	$0	$79,759

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
2025	$7,843,936	$6,342,094	$14,372,641	$1,501,842
2024	$9,944,517	$6,584,723	$11,849,261	$3,359,794
2023	$7,832,147	$5,855,228	$9,666,382	$1,976,919
2022	$5,899,721	$5,433,806	$6,684,852	$465,915
2021	$5,346,037	$5,085,852	$6,017,153	$260,185
2020	$6,452,309	$4,811,575	$5,796,351	$1,640,734
2019	$4,846,374	$4,717,913	$3,956,822	$128,461
2018	$4,519,145	$4,405,427	$3,762,843	$113,718