WEIRTON TRANSIT CORPORATION

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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

1989

Legal Domicile

Phone

3047978597

Tax Period

2023-07-01 to 2024-06-30

WEIRTON TRANSIT CORPORATION, founded in 1989, is a small nonprofit that reported $545K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $639K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE QUALITY, AFFORDABLE PUBLIC TRANSPORTATION TO THE RESIDENTS OF THE GREATER WEIRTON AREA.

Program Service Accomplishments

Program 1

Expenses: $633,756 Revenue: $62,250

TO PROVIDE QUALITY, AFFORDABLE PUBLIC TRANSPORTATION TO THE RESIDENTS OF THE GREATER WEIRTON AREA.

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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 $477,086

Program Service Revenue $62,250

Investment Income $75

Other Revenue $5,768

TOTAL REVENUE $545,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $344,133

Fundraising Expenses $0

Program Expenses $633,756

Other Expenses $294,615

TOTAL EXPENSES $638,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$545,179	$919,320	-0.4%
Expenses	$638,748	$858,663	-0.3%
Net Income	$-93,569	$60,657	-2.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLORA PERRONE	President	1.00	Officer Director	$0	$0	$0
FRANK BOHACH	Vice President	1.00	Officer Director	$0	$0	$0
MARK CUMMINGS	Secretary	1.00	Officer Director	$0	$0	$0
BRIAN MALEY	Director	1.00	Director	$0	$0	$0
DEBBIE LARCH	Director	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	$545,179	$638,748	$414,420	$-93,569
2023	$919,320	$858,663	$647,004	$60,657
2022	$793,315	$733,122	$644,347	$60,193
2021	$841,967	$706,987	$607,515	$134,980
2020	$482,393	$670,892	$445,634	$-188,499
2019	$606,690	$550,635	$601,002	$56,055
2018	$629,771	$512,034	$549,218	$117,737