HOUSTON BIKE SHARE (EIN 453612683) - 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

2012

Legal Domicile

Phone

7138653662

Tax Period

2024-01-01 to 2024-12-31

HOUSTON BIKE SHARE, founded in 2012, is a small nonprofit that reported $776K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 158% operating deficit.

Mission

TO DEVELOP AND OPERATE A NETWORK OF BIKE SHARE STATIONS THOUGHOUT THE CITY OF HOUSTON TO ALLOW CITY RESIDENTS AND VISITORS ANOTHER TRANSPORTATION OPTION TO MOVE AROUND THE CITY AND ENCOURAGE A HEALTHY LIFESTYLE.

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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 $259,252

Program Service Revenue $361,392

Investment Income $-16,055

Other Revenue $171,679

TOTAL REVENUE $776,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,244

Fundraising Expenses $0

Program Expenses $567,490

Other Expenses $1,751,842

TOTAL EXPENSES $2,002,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$776,268	$1,338,720	-0.4%
Expenses	$2,002,086	$1,513,440	+0.3%
Net Income	$-1,225,818	$-174,720	+6.0%

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

N/A

Employees

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
PAUL SORELLE	Secretary	2.00	Director	$0	$0	$0
JAMES LLAMAS	Vice President	2.00	Director	$0	$0	$0
NEERAJ TANDON	President	2.00	Director	$0	$0	$0
RACHEL DVORETZKY	Director	2.00	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
2024	$776,268	$2,002,086	No data	$-1,225,818
2023	$1,338,720	$1,513,440	$1,562,965	$-174,720
2022	$1,777,045	$1,885,956	$1,752,553	$-108,911
2021	$1,956,861	$2,285,112	$1,895,982	$-328,251
2020	$2,690,138	$2,138,384	$2,399,502	$551,754
2019	$1,721,676	$1,426,307	$1,637,593	$295,369
2018	$1,426,507	$1,124,157	$1,395,018	$302,350

HOUSTON BIKE SHARE