WATERTOWN AREA TRANSIT INC (EIN 411908759) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Tax Period

2018-10-01 to 2019-09-30

WATERTOWN AREA TRANSIT INC, founded in 1998, is a small nonprofit that reported $590K in total revenue in fiscal year 2017. Expenses of $770K exceeded revenue, resulting in a 31% operating deficit.

Mission

PROVIDE LOCAL TRANSPORTATION FOR THE ELDERLY AND THOSE WITH DISABILITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $390,293

Program Service Revenue $358,622

Investment Income $1,274

Other Revenue $31,201

TOTAL REVENUE $781,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $487,885

Fundraising Expenses $0

Program Expenses $514,463

Other Expenses $217,056

TOTAL EXPENSES $704,941

Year-over-Year Comparison

	2018	2017	Change
Revenue	$781,390	$589,673	+0.3%
Expenses	$704,941	$769,787	-0.1%
Net Income	$76,449	$-180,114	-1.4%

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

$53,838

Total Directors

$53,838

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY HOFFMAN	TRANSIT DIRECTOR	40.00	Officer Director	$53,838	$0	$53,838
RANDY TUPPER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY ANTRIM	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
HUGH BARTELS	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA HANTEN	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA PALSMA-TESKE	DIRECTOR	1.00	Director	$0	$0	$0
LEE MCPEEK	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY HERRBOLDT	DIRECTOR	1.00	Director	$0	$0	$0
DAN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAWN VAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
TRACI RABINE	DIRECTOR	1.00	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	$781,390	$704,941	$67,449	$76,449
2018	$589,673	$769,787	$71,501	$-180,114

WATERTOWN AREA TRANSIT INC