Cincy Bike Share Inc

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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

Phone

5136212453

Tax Period

2023-01-01 to 2023-12-31

Cincy Bike Share Inc, founded in 2013, is a small nonprofit in the Public & Societal Benefit sector that reported $948K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO OPERATE RED BIKE, THE CINCINNATI REGION'S BIKE SHARE SYSTEM, PROVIDING A TRANSPORTATION OPTION, THAT INCREASES MOBILITY AND ADDS TO THE VITALITY OF THE REGION.

Program Service Accomplishments

Program 1

Expenses: $893,555 Revenue: $323,396

OPERATED RED BIKE BIKE SHARE SYSTEM. THERE WERE 145,516 RIDES TAKEN ON RED BIKE IN 2023. THERE WERE 1,600 ANNUAL OR MONTHLY MEMBERS IN 2023, AND 8,709 CASUAL OR WALK-UP USERS. LOW INCOME MEMBER...

OPERATED RED BIKE BIKE SHARE SYSTEM. THERE WERE 145,516 RIDES TAKEN ON RED BIKE IN 2023. THERE WERE 1,600 ANNUAL OR MONTHLY MEMBERS IN 2023, AND 8,709 CASUAL OR WALK-UP USERS. LOW INCOME MEMBER PROGRAM - RED BIKE GO HAD 431 MEMBERS, AND THEY TOOK 51,894 RIDES ON RED BIKE OR 35.6% OF ALL RIDES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $623,485

Program Service Revenue $323,396

Investment Income $0

Other Revenue $1,592

TOTAL REVENUE $948,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $480,080

Fundraising Expenses $0

Program Expenses $893,555

Other Expenses $636,865

TOTAL EXPENSES $1,116,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$948,473	$1,002,638	-0.1%
Expenses	$1,116,945	$705,548	+0.6%
Net Income	$-168,472	$297,090	-1.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	PRESIDENT	1.0	Officer Director	$0	$0	$0
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	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	$948,473	$1,116,945	$1,007,149	$-168,472
2022	$1,002,638	$705,548	$1,351,742	$297,090
2021	$919,465	$1,025,857	$1,061,952	$-106,392
2020	$566,825	$998,602	$1,218,035	$-431,777
2019	$1,008,622	$985,782	$1,584,665	$22,840
2018	$734,825	$973,456	$1,631,763	$-238,631