CHATHAM TRANSIT NETWORK

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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

1994

Legal Domicile

Principal Officer

ANNA TESTERMAN

Phone

9195425136

Tax Period

2024-07-01 to 2025-06-30

CHATHAM TRANSIT NETWORK, founded in 1994, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $754K, a strong 25% operating margin.

Mission

TO PROVIDE TRANSPORTATION SERVICES TO HUMAN SERVICE AGENCIES AND THE RURAL GENERAL PUBLIC IN CHATHAM COUNTY.

Program Service Accomplishments

Program 1

Expenses: $1,876,018 Revenue: $921,506

PROVIDED SAFE, DEPENDABLE, EFFECTIVE TRANSIT NETWORK FOR HUMAN SERVICES AGENCIES AND RURAL GENERAL PUBLIC IN CHATHAM COUNTY, NORTH CAROLINA.

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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 $1,991,276

Program Service Revenue $897,956

Investment Income $76,401

Other Revenue $23,550

TOTAL REVENUE $2,989,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,070,816

Fundraising Expenses $0

Program Expenses $1,876,018

Other Expenses $1,164,655

TOTAL EXPENSES $2,235,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,989,183	$2,133,887	+0.4%
Expenses	$2,235,471	$2,179,155	+0.0%
Net Income	$753,712	$-45,268	-17.6%

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

$80,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE STALEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
CAROLYN MILLER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VICKI MCCONNELL	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL ZELEK	SECRETARY	2.00	Officer Director	$0	$0	$0
KARYL FULLER	MEMBER	2.00	Director	$0	$0	$0
GENEVIEVE MEGGINSON	MEMBER	2.00	Director	$0	$0	$0
MICHAEL DILLON	MEMBER	2.00	Director	$0	$0	$0
ASHLYN MARTIN	MEMBER	2.00	Director	$0	$0	$0
ANNA TESTERMAN	EXECUTIVE DIRECTOR	40.00	Officer	$80,115	$0	$80,115

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	$2,989,183	$2,235,471	$2,263,015	$753,712
2024	$2,133,887	$2,179,155	$1,531,273	$-45,268
2023	$1,617,846	$2,196,317	$1,535,641	$-578,471
2022	$1,595,852	$2,092,454	$1,518,765	$-496,602
2021	$2,039,829	$1,678,638	$1,939,847	$361,191
2020	$1,842,408	$1,913,783	$1,753,101	$-71,375
2019	$2,266,210	$2,052,093	$1,683,861	$214,117
2018	$2,026,486	$1,924,769	$1,397,307	$101,717