VIRGINIA REGIONAL TRANSIT (EIN 621441965) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

E BRUCE SIMMS

Phone

5403387285

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA REGIONAL TRANSIT, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $7.4M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO COORDINATE, PROMOTE, AND PROVIDE AN EFFICIENT SYSTEM OF PUBLIC TRANSPORTATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,836,434

Program Service Revenue $4,701,517

Investment Income $255,829

Other Revenue $72,784

TOTAL REVENUE $10,866,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,592,652

Fundraising Expenses $67,568

Program Expenses $10,415,148

Other Expenses $4,798,291

TOTAL EXPENSES $11,390,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,866,564	$13,473,962	-0.2%
Expenses	$11,390,943	$10,178,570	+0.1%
Net Income	$-524,379	$3,295,392	-1.2%

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

263

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

$239,408

Total Directors

$239,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E BRUCE SIMMS	PRESIDENT/CE	40.00	Officer Director	$202,766	$36,642	$239,408
NOEL A BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
JANET CLARKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIN RAYNER	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES W ASKEGREN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW GREENFIELD	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MCCANN	DIRECTOR	1.00	Director	$0	$0	$0
SHAELYN MULLANEY	DIRECTOR	1.00	Director	$0	$0	$0
LISA PEACOCK	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
2025	$10,866,564	$11,390,943	$14,595,289	$-524,379
2024	$13,473,962	$10,178,570	$15,844,435	$3,295,392
2023	$9,335,133	$9,016,131	$11,672,237	$319,002
2022	$9,666,182	$8,309,336	$11,159,965	$1,356,846
2021	$8,231,477	$7,295,816	$16,382,383	$935,661
2020	$7,448,704	$7,257,313	$15,630,951	$191,391
2019	$7,413,774	$7,288,864	$15,707,923	$124,910

VIRGINIA REGIONAL TRANSIT