BEARINGS BIKE SHOP INC (EIN 454335893) - 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

2013

Legal Domicile

Principal Officer

TIMOTHY O'MARA

Phone

4044844180

Tax Period

2024-04-01 to 2025-03-31

BEARINGS BIKE SHOP INC, founded in 2013, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 44% operating margin.

Mission

BEARINGS BIKE WORKS PUTS THE RIGHT TOOLS IN THE HANDS OF YOUTH, ENABLING THEM TO ADVANCE THEIR SKILLS TO BUILD PRODUCTIVE LIVES.

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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 $2,135,509

Program Service Revenue $62,825

Investment Income $38,298

Other Revenue $97,836

TOTAL REVENUE $2,334,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $908,133

Fundraising Expenses $78,786

Program Expenses $1,034,611

Other Expenses $401,184

TOTAL EXPENSES $1,309,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,334,468	$1,337,589	+0.7%
Expenses	$1,309,317	$1,186,772	+0.1%
Net Income	$1,025,151	$150,817	+5.8%

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

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

$139,542

Total Directors

$139,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY O'MARA	EXECUTIVE DI	40.00	Officer Director	$98,386	$41,156	$139,542
KIRK BOWERS	BOARD MEMBER	1.00	Director	$0	$0	$0
STACYE BRIM	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
ALEX DOMINGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX GRADY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN HELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRYL LESURE	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM LOKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT MAWDESLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LONI METTER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHUCK OGLETREE	TREASURER	1.00	Officer Director	$0	$0	$0
RONDA ZENTS	SECRETARY	1.00	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	$2,334,468	$1,309,317	$4,181,093	$1,025,151
2025	$2,334,468	$1,309,317	$4,181,093	$1,025,151
2024	$1,337,589	$1,186,772	$3,016,771	$150,817
2023	$1,351,451	$1,022,248	$2,876,733	$329,203
2022	$973,029	$839,216	$2,495,891	$133,813
2022	$975,140	$839,214	$2,498,004	$135,926
2021	$790,516	$883,315	$2,359,699	$-92,799
2020	$839,427	$873,940	$2,797,414	$-34,513
2019	$2,356,831	$706,879	$2,835,101	$1,649,952
2018	$904,377	$474,552	$1,217,980	$429,825

BEARINGS BIKE SHOP INC