BROOKINGS AREA TRANSIT AUTHORITY (EIN 460420571) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

TRAVIS BORTNEM

Phone

6056925416

Tax Period

2023-10-01 to 2024-09-30

BROOKINGS AREA TRANSIT AUTHORITY, founded in 1990, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2017. Revenue decreased 7% compared to the prior year.

Mission

THE BROOKINGS AREA TRANSIT AUTHORITY WAS ESTABLISHED TO PROVIDE PUBLIC TRANSPORTATION ACTIVITIES AND OPERATIONS FOR ALL CITIZENS OF THE BROOKINGS AREA OF SOUTH DAKOTA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,716,826

Program Service Revenue $644,925

Investment Income $31,444

Other Revenue $93,432

TOTAL REVENUE $4,486,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,450,562

Fundraising Expenses $0

Program Expenses $1,944,049

Other Expenses $972,339

TOTAL EXPENSES $2,422,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,486,627	$2,064,432	+1.2%
Expenses	$2,422,901	$1,989,593	+0.2%
Net Income	$2,063,726	$74,839	+26.6%

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

Total Directors

$89,488

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAVIS BORTNEM	EXECUTIVE DI	40.00	Director	$72,564	$16,924	$89,488
SHELLY BAYER	DIRECTOR	0.25	Director	$0	$0	$0
KELSEY DOOM-BJORNESTAD	DIRECTOR	0.25	Director	$0	$0	$0
CAROLYN GALVIN	SECRETARY/TR	0.25	Officer Director	$0	$0	$0
AMANDA HEMMESTEAD	DIRECTOR	0.25	Director	$0	$0	$0
RYAN KROGMAN	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
BURDETTE POSEY	DIRECTOR	0.25	Director	$0	$0	$0
ASHLEY RENTCH	DIRECTOR	0.25	Director	$0	$0	$0
MARK STERNHAGEN	PRESIDENT	0.25	Officer Director	$0	$0	$0
JEREMY WALTNER	DIRECTOR	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	$4,486,627	$2,422,901	$5,255,859	$2,063,726
2023	$2,064,432	$1,989,593	$2,649,822	$74,839
2022	$2,230,772	$1,955,189	$2,569,645	$275,583
2021	$1,986,121	$1,807,901	$2,298,760	$178,220
2020	$2,370,447	$1,720,551	$2,158,893	$649,896
2019	$1,983,455	$1,785,492	$1,444,672	$197,963
2018	$1,551,443	$1,682,264	$1,238,780	$-130,821

BROOKINGS AREA TRANSIT AUTHORITY