Bike Durham (EIN 465356944) - 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

2014

Legal Domicile

Phone

9196723862

Tax Period

2024-04-01 to 2025-03-31

Bike Durham, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $392K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $482K exceeded revenue, resulting in a 23% operating deficit.

Mission

Through events, advocacy and education, Bike Durham empowers all people to walk, bike and ride transit more often.

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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 $239,666

Program Service Revenue $134,626

Investment Income $16,600

Other Revenue $1,133

TOTAL REVENUE $392,025

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $377,124

Fundraising Expenses $30,790

Program Expenses $413,371

Other Expenses $44,770

TOTAL EXPENSES $481,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$392,025	$298,794	+0.3%
Expenses	$481,894	$345,772	+0.4%
Net Income	$-89,869	$-46,978	+0.9%

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

$66,110

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Tallmadge	Executive Director	40.00	Key Emp	$66,110	$0	$66,110
Marc Maximov	Secretary	5.00	Officer Director	$0	$0	$0
Shaun King	Chair	5.00	Officer Director	$0	$0	$0
Josh Poor	Vice-Chair	5.00	Officer Director	$0	$0	$0
Eric Rubinstein	Member	5.00	Director	$0	$0	$0
Katie Seiz	Member	5.00	Director	$0	$0	$0
Angela Hollowell	Treasurer	5.00	Officer Director	$0	$0	$0
Mary R Fontana	Member	5.00	Director	$0	$0	$0
Erik Willis	Mmber	5.00	Director	$0	$0	$0
Brian Van Cleave	Member	5.00	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
2025	$392,025	$481,894	$409,592	$-89,869
2024	$298,794	$345,772	$505,163	$-46,978
2023	$703,747	$256,819	$556,867	$446,928

Bike Durham