OSCODA COUNTY AREA TRANSIT (EIN 383598378) - 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

2000

Legal Domicile

Principal Officer

DENNIS MORSE

Phone

9898265078

Tax Period

2024-01-01 to 2024-12-31

OSCODA COUNTY AREA TRANSIT, founded in 2000, is a small nonprofit in the Human Services sector that reported $587K in total revenue in fiscal year 2024. Expenses of $676K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE TRANSPORTATION FOR SENIOR CITIZENS, PERSONS WITH DISABILITIES, VETERANS, AND PERSONS IN NEED OF TRANSPORTATION.

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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 $267,834

Program Service Revenue $318,881

Investment Income $118

Other Revenue $0

TOTAL REVENUE $586,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $470,493

Fundraising Expenses $0

Program Expenses $603,798

Other Expenses $205,567

TOTAL EXPENSES $676,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$586,833	$617,333	0.0%
Expenses	$676,060	$542,533	+0.2%
Net Income	$-89,227	$74,800	-2.2%

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
CLIFFORD MORSE	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DENNIS MORSE	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL SMITH	SECRETARY/TR	5.00	Officer 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
2024	$586,833	$676,060	$258,427	$-89,227
2023	$617,333	$542,533	$332,260	$74,800
2022	$577,353	$402,950	$251,367	$174,403
2021	$241,895	$285,199	$73,777	$-43,304
2020	$160,029	$327,508	$117,081	$-167,479
2019	$373,941	$346,121	$236,561	$27,820
2018	$333,924	$307,574	$210,674	$26,350

OSCODA COUNTY AREA TRANSIT