REGIONAL TRANSIT AUTHORITY ART (EIN 421133312) - 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

1979

Legal Domicile

Principal Officer

HUGH LIVELY

Phone

7122627920

Tax Period

2024-07-01 to 2025-06-30

REGIONAL TRANSIT AUTHORITY ART, founded in 1979, is a community nonprofit in the Public & Societal Benefit sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 38% operating deficit.

Mission

PROVIDES TRANSPORTATION SERVICES TO THE PUBLIC IN NINE IOWA COUNTIES THROUGH ASSISTANCE OF FEDERAL, STATE, AND LOCAL FUNDS.

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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 $1,618,302

Program Service Revenue $897,027

Investment Income $81,832

Other Revenue $2,598

TOTAL REVENUE $2,599,759

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,108,149

Fundraising Expenses $0

Program Expenses $2,987,774

Other Expenses $1,475,314

TOTAL EXPENSES $3,583,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,599,759	$2,889,813	-0.1%
Expenses	$3,583,463	$3,690,157	0.0%
Net Income	$-983,704	$-800,344	+0.2%

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

$135,982

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGH LIVELY	EXECUTIVE DI	40.00	Officer	$135,982	$0	$135,982
DAN ALTENA	BOARD MEMBER	0.25	Director	$0	$0	$0
BARRY ANDERSON	BOARD MEMBER	0.25	Director	$0	$0	$0
DOUG VANDEN BOSCH	BOARD MEMBER	0.25	Director	$0	$0	$0
ROGER FAULSTICK	VICE CHAIRPE	0.25	Officer Director	$0	$0	$0
DAN FRIEDRICHSEN	SECRETARY/TR	0.25	Officer Director	$0	$0	$0
BILL LEUPOLD	BOARD MEMBER	0.25	Director	$0	$0	$0
MIKE SCHULTE	BOARD MEMBER	0.25	Director	$0	$0	$0
TIM SCHUMACHER	BOARD MEMBER	0.25	Director	$0	$0	$0
KELLY SNYDER	CHAIRPERSON	0.25	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	$2,599,759	$3,583,463	$5,050,771	$-983,704
2024	$2,889,813	$3,690,157	$6,019,517	$-800,344
2023	$3,287,720	$3,930,645	$6,822,307	$-642,925
2022	$4,155,942	$3,803,455	$7,517,600	$352,487
2021	$3,432,433	$3,036,077	$7,245,759	$396,356
2020	$4,248,161	$3,198,324	$6,760,213	$1,049,837
2019	$4,009,808	$3,750,074	$5,696,952	$259,734
2018	$5,074,452	$3,666,723	$6,374,520	$1,407,729

REGIONAL TRANSIT AUTHORITY ART