ONSLOW UNITED TRANSIT SYSTEM INC (EIN 562048777) - 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

1979

Legal Domicile

Principal Officer

DON HERRING

Phone

9103462998

Tax Period

2024-07-01 to 2025-06-30

ONSLOW UNITED TRANSIT SYSTEM INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $2.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE SAFE, RELIABLE, AND EFFICIENT TRANSPORTATION SERVICES TO ALL THE RESIDENTS OF ONSLOW COUNTY, NC.

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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 $925,561

Program Service Revenue $1,035,371

Investment Income $61,479

Other Revenue $8,485

TOTAL REVENUE $2,030,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,227,195

Fundraising Expenses $0

Program Expenses $2,153,864

Other Expenses $1,022,397

TOTAL EXPENSES $2,249,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,030,896	$2,172,819	-0.1%
Expenses	$2,249,592	$2,207,940	+0.0%
Net Income	$-218,696	$-35,121	+5.2%

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
DIANA BARNES	BOARD MEMBER	2.00	Director	$0	$0	$0
CLAY CALHOUN	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
STEPHANIE CANNON	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
AMANDA CRAWLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE DUANE	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY ELLIS	BOARD MEMBER	2.00	Director	$0	$0	$0
CYNTHIA FIGUEROS	BOARD MEMBER	2.00	Director	$0	$0	$0
FRED FONTANA	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
DON HERRING	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LAURETTE LEAGON	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
RONALD MASSEY	BOARD MEMBER	2.00	Director	$0	$0	$0
ERICKA MITCHELL	BOARD MEMBER	2.00	Director	$0	$0	$0
ANTHONY PRINZ	BOARD MEMBER	2.00	Director	$0	$0	$0
ALARIC ROBINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN THIGPEN	BOARD MEMBER	2.00	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	$2,030,896	$2,249,592	$3,202,145	$-218,696
2024	$2,172,819	$2,207,940	$3,473,842	$-35,121
2023	$2,233,274	$2,024,355	$3,545,938	$208,919
2022	$2,349,973	$1,728,925	$3,171,387	$621,048
2021	$2,078,045	$1,478,302	$2,510,875	$599,743
2020	$1,862,662	$1,654,438	$1,815,096	$208,224
2019	$1,676,497	$1,709,413	$1,573,054	$-32,916

ONSLOW UNITED TRANSIT SYSTEM INC