THE TRANSIT SYSTEM INC

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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

1983

Legal Domicile

Principal Officer

DERINDA D LONG

Phone

2548972964

Tax Period

2024-09-01 to 2025-08-31

THE TRANSIT SYSTEM INC, founded in 1983, is a community nonprofit in the Unknown sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 13% surplus.

Mission

TRANSPORTAION TO RURAL AREAS OF SOMERVELL AND HOOD COUNTIES IN TEXAS, ENHANCING ACCESS OF PERSONS TO HEALTH CARE, EMPLOYMENT AND PUBLIC SERVICES

Program Service Accomplishments

Program 1

Expenses: $1,580,895 Revenue: $283,763

TRANSPORTATION TO RURAL AREAS OF SOMERVELL AND HOOD COUNTIES IN TEXAS, ENHANCING ACCESS OF PERSONS TO HEALTH CARE, EMPLOYMENT AND PUBLIC SERVICES.

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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 $1,752,898

Program Service Revenue $283,763

Investment Income $49,075

Other Revenue $12,990

TOTAL REVENUE $2,098,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $892,890

Fundraising Expenses $0

Program Expenses $1,580,895

Other Expenses $937,457

TOTAL EXPENSES $1,830,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,098,726	$1,684,973	+0.2%
Expenses	$1,830,347	$1,623,229	+0.1%
Net Income	$268,379	$61,744	+3.3%

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
STEPHEN FOSTER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CHRIS COFFMAN	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
ANDY MAPES	SECRETARY	2.00	Officer Director	$0	$0	$0
GREG CORRIGAN	PARLIMENTARI	2.00	Officer Director	$0	$0	$0
DANNY CHAMBERS	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW MILLS	DIRECTOR	2.00	Director	$0	$0	$0
RON MASSINGILL	DIRECTOR	2.00	Director	$0	$0	$0
CONNALLY MILLER	DIRECTOR	2.00	Director	$0	$0	$0
PAT BRUCE	DIRECTOR	2.00	Director	$0	$0	$0
BILL PALMER	DIRECTOR	2.00	Director	$0	$0	$0
TRISH BURWELL	DIRECTOR	2.00	Director	$0	$0	$0
TROY HILL	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE TEMPLE	DIRECTOR	2.00	Director	$0	$0	$0
JOE BOLES	DIRECTOR	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	$2,098,726	$1,830,347	$3,466,138	$268,379
2024	$1,684,973	$1,623,229	$3,833,447	$61,744
2023	$2,056,492	$1,513,066	$3,143,007	$543,426
2022	$1,527,372	$1,326,141	$2,588,482	$201,231
2021	$1,869,763	$1,335,262	$2,390,990	$534,501
2020	$1,311,716	$1,093,470	$1,836,655	$218,246
2019	$1,129,146	$1,135,424	$1,622,920	$-6,278
2018	$1,225,775	$1,077,008	$1,635,539	$148,767