BIKE SHARE KC

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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

Principal Officer

ERIC ROGERS

Phone

8162057056

Tax Period

2024-01-01 to 2024-12-31

BIKE SHARE KC, founded in 2011, is a small nonprofit in the Human Services sector that reported $671K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $628K left a modest 6% surplus.

Mission

BIKE SHARE KC PROVIDES THE GREATER KANSAS CITY AREA WITH A BIKE SHARE SYSTEM DESIGNED FOR TRANSPORTATION, RECREATION, AND EXERCISE.

Program Service Accomplishments

Program 1

Expenses: $606,058 Revenue: $306,995

RIDEKC BIKE IS A 24/7 PUBLIC BIKE SHARE SYSTEM PROVIDING A UNIQUE MIX OF TECHNOLOGIES THAT EXTEND THE FIXED ROUTE TRANSIT SYSTEM AND GIVES LOCAL RESIDENTS AND VISITORS A VARIETY OF OPTIONS FOR...

RIDEKC BIKE IS A 24/7 PUBLIC BIKE SHARE SYSTEM PROVIDING A UNIQUE MIX OF TECHNOLOGIES THAT EXTEND THE FIXED ROUTE TRANSIT SYSTEM AND GIVES LOCAL RESIDENTS AND VISITORS A VARIETY OF OPTIONS FOR GETTING AROUND THE GREATER KANSAS CITY AREA. IT FEATURES SMART ELECTRIC BIKES, CLASSIC PEDAL BIKES, AND PROGRAMMING DESIGNED TO OFFER INNOVATIVE SOLUTIONS FOR TRANSPORTATION, RECREATION, AND PHYSICAL HEALTH. IN 2023, RIDERSHIP CONTINUED TO GROW AS WE EXPAND OUR SERVICE AREA AND NUMBER OF BIKES DEPLOYED. TRIP RATES IN 2023 ON BIKES WERE UP BY 25% AND TOTAL TRIPS INCREASED BY 8% OVERALL. JUNE 2023 WAS THE BEST SINGLE MONTH EVER WITH 6,300 RIDES COMPLETED. FOR 2023 THERE WERE 51,707 TOTAL TRIPS WITH OVER 8,500 UNIQUE USERS AND 310 BIKES IN SERVICE.

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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 $364,138

Program Service Revenue $306,995

Investment Income $0

Other Revenue $0

TOTAL REVENUE $671,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $375,604

Fundraising Expenses $3,340

Program Expenses $606,058

Other Expenses $252,876

TOTAL EXPENSES $628,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$671,133	$738,846	-0.1%
Expenses	$628,480	$553,484	+0.1%
Net Income	$42,653	$185,362	-0.8%

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

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

$123,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC ROGERS	EXECUTIVE DI	1.00	Officer	$0	$7,842	$123,115
ROBIN SHOOK	CHAIR	2.00	Officer Director	$0	$0	$0
ASHLEY HAND	PAST CHAIR	2.00	Officer Director	$0	$0	$0
USHA RENGACHARY	CHAIR-ELECT	2.00	Officer Director	$0	$0	$0
MARY ESTRADA	SECRETARY	2.00	Officer Director	$0	$0	$0
EMILY LECUYER	TREASURER	2.00	Officer Director	$0	$0	$0
MATTHEW OATES	BOARD MEMBER	1.00	Director	$0	$0	$0
ALISSA STINNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA BENTON	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDI MIXDORF	BOARD MEMBER	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
2024	$671,133	$628,480	$696,063	$42,653
2023	$738,846	$553,484	$675,307	$185,362
2022	$588,468	$609,567	$382,143	$-21,099
2021	$462,480	$454,013	$296,741	$8,467
2020	$10,038	$270,987	$348,012	$-260,949
2019	$255,286	$231,174	$670,435	$24,112
2018	$356,658	$390,004	$792,626	$-33,346