FRIENDS OF THE BUS ORIGIN CENTER (EIN 411693466) - 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

1991

Legal Domicile

Principal Officer

PAT GARRITY

Phone

2189693470

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE BUS ORIGIN CENTER, founded in 1991, is a micro nonprofit that reported $17K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $19K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE AN EDUCATIONAL, HISTORICAL AND CULTURAL EXPERIENCE FOR OUR MEMBERS, PATRONS AND THE GENERAL PUBLIC REGARDING THE ORIGIN OF THE BUS INDUSTRY IN HIBBING, MN THROUGH VARIOUS INTERPRETIVE DEVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,556

Program Service Revenue $8,817

Investment Income $16

Other Revenue $4,124

TOTAL REVENUE $16,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,237

Other Expenses $19,237

TOTAL EXPENSES $19,237

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,513	$15,251	+0.1%
Expenses	$19,237	$16,026	+0.2%
Net Income	$-2,724	$-775	+2.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
PATTY SHAFER	DIRECTOR	10.00	Director	$0	$0	$0
LISA CRUM	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK GARRITY	TREASURER	10.00	Officer Director	$0	$0	$0
RON DICKLICH	MUSEUM DIRECTOR & VICE PRESIDENT	10.00	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
2025	$16,513	$19,237	$636,301	$-2,724
2024	$15,251	$16,026	$639,025	$-775
2023	$22,729	$9,091	$639,800	$13,638
2022	$16,565	$10,363	$626,162	$6,202
2021	$17,516	$9,954	$619,960	$7,562
2020	$1,114	$4,919	$612,398	$-3,805
2019	$15,464	$14,558	$616,203	$906
2018	$14,736	$16,671	$615,297	$-1,935

FRIENDS OF THE BUS ORIGIN CENTER