ARKANSAS TRANSIT ASSOCIATION INC

EIN: 710537890 501(c)(3)

NORTH LITTLE ROCK, AR

Total Revenue
$1,093,944
Total Expenses
$881,090
Total Assets
$5,072,449
Net Assets
$5,005,488
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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
AR
Principal Officer
ANN H GILBERT
Phone
5013728900
Tax Period
2024-01-01 to 2024-12-31

ARKANSAS TRANSIT ASSOCIATION INC, founded in 1980, is a small nonprofit that reported $856K in total revenue in fiscal year 2018. Expenses of $762K left a modest 11% surplus.

Mission

ARKANSAS TRANSIT ASSOCIATON, INC. (ATA) (THE ASSOCIATION) IS A NON-PROFIT TAX-EXEMPT ARKANSAS CORPORATION ESTABLISHED IN MAY 1980 TO ASSIST IN THE DEVELOPMENT OF TRANSPORTATION IN RURAL AND SMALL URBAN AREAS, USING URBANIZED AND NON-URBANIZED TRANSIT SYSTEMS IN ARKANSAS. BASIC PROGRAMS INCLUDE THE DEVELOPMENT AND DUPLICATION OF TRAINING MATERIALS AND CERTIFICATION PROGRAMS FOR TRANSIT OPERATORS. ATA RECEIVES THE MAJORITY OF FUNDING FOR ITS OPERATIONS FROM FEDERAL GRANTS UNDER CHAPTER 53, TITLE 49, IN THE UNITED STATES CODE ENACTED BY PUBLIC LAW 105-178 IN JUNE 1998. ADDITIONAL OPERATING FUNDS ARE RECEIVED FROM AN ARKANSAS DEPARTMENT OF TRANSPORTATION STATE GRANT.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $754,348
Program Service Revenue $224,708
Investment Income $114,888
Other Revenue $0
TOTAL REVENUE $1,093,944

Expense Breakdown

Grants Paid $0
Salaries & Benefits $477,636
Fundraising Expenses $0
Program Expenses $770,063
Other Expenses $403,454
TOTAL EXPENSES $881,090

Year-over-Year Comparison

2024 2023 Change
Revenue $1,093,944 $1,018,904 +0.1%
Expenses $881,090 $883,049 0.0%
Net Income $212,854 $135,855 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
4
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
4
$194,085
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG CLOUD PRESIDENT 1.00
Officer Director
$0 $0 $0
ADAM WADDELL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NEIL WILKINS SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
MARK HARRIS EX-OFFICIO 1.00
Director
$0 $0 $0
KEITH JONES MEMBER 1.00
Director
$0 $0 $0
DANA BATES MEMBER 1.00
Director
$0 $0 $0
JACK CHISM MEMBER 1.00
Director
$0 $0 $0
JUSTIN AVERY MEMBER 1.00
Director
$0 $0 $0
TONI WARD MEMBER 1.00
Director
$0 $0 $0
LATINA SISCO MEMBER 1.00
Director
$0 $0 $0
ANN H GILERT EXECUTIVE DIRECTOR 40.00
Officer
$169,314 $24,771 $194,085
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 $1,093,944 $881,090 $5,072,449 $212,854
2023 $1,018,904 $883,049 $4,716,552 $135,855
2022 $967,726 $855,903 $4,426,839 $111,823
2021 $900,866 $702,826 $4,541,208 $198,040
2020 $770,783 $712,846 $4,326,481 $57,937
2019 $975,320 $735,601 $4,183,291 $239,719
2018 $856,464 $761,571 $3,869,292 $94,893
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