SLC BIKE SHARE

EIN: 453547978 501(c)(3) Public & Societal Benefit

SALT LAKE CITY, UT

Total Revenue
$1,429,670
Total Expenses
$1,726,003
Total Assets
$921,939
Net Assets
$759,453
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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
2011
Legal Domicile
UT
Principal Officer
STAN PENFOLD
Phone
8013331110
Tax Period
2023-01-01 to 2023-12-31

SLC BIKE SHARE, founded in 2011, is a community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 218% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE ALTERNATIVE ENVIRONMENTALLY RESPONSIBLE TRANSPORTATION TO DOWNTOWN TRAVELERS THROUGH A BIKE SHARE PROGRAM.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,330,418
Program Service Revenue $95,904
Investment Income $3,348
Other Revenue $0
TOTAL REVENUE $1,429,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $825,665
Fundraising Expenses $39,619
Program Expenses $1,473,457
Other Expenses $900,338
TOTAL EXPENSES $1,726,003

Year-over-Year Comparison

2023 2022 Change
Revenue $1,429,670 $449,491 +2.2%
Expenses $1,726,003 $1,438,768 +0.2%
Net Income $-296,333 $-989,277 -0.7%
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

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Governance

Voting Members
16
Independent Members
16
Employees
19
Volunteers
30

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
3
$120,831
Total Directors
16
$120,831
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STAN PENFOLD EXECUTIVE DI 40.00
Officer Director
$110,552 $10,279 $120,831
JON LARSEN CHAIR 0.25
Officer Director
$0 $0 $0
JORY JOHNER VICE CHAIR 0.25
Officer Director
$0 $0 $0
CHASE MURDOCK TREASURER 0.25
Director
$0 $0 $0
DEREK ALLEN BOARD MEMBER 0.25
Director
$0 $0 $0
DJ BAXTER BOARD MEMBER 0.25
Director
$0 $0 $0
WILLIAM BECKER BOARD MEMBER 0.25
Director
$0 $0 $0
ALEX BIEM BOARD MEMBER 0.25
Director
$0 $0 $0
HEIDI GOEDHART BOARD MEMBER 0.25
Director
$0 $0 $0
ERIN MENDENHALL BOARD MEMBER 0.25
Director
$0 $0 $0
SHAINA MIRON QUINN BOARD MEMBER 0.25
Director
$0 $0 $0
ANDREA OLSEN BOARD MEMBER 0.25
Director
$0 $0 $0
RACHEL OTTO BOARD MEMBER 0.25
Director
$0 $0 $0
GREG REID BOARD MEMBER 0.25
Director
$0 $0 $0
MATT SIBUL BOARD MEMBER 0.25
Director
$0 $0 $0
JUSTIN SMART BOARD MEMBER 0.25
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 No data No data No data No data
2023 $1,429,670 $1,726,003 $921,939 $-296,333
2022 $449,491 $1,438,768 $1,449,696 $-989,277
2021 $1,515,627 $1,292,411 $2,432,275 $223,216
2020 $918,991 $1,315,607 $2,447,685 $-396,616
2019 $2,292,288 $1,171,103 $3,650,640 $1,121,185
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