EXPLORE BIKE SHAREINC

EIN: 811068028 501(c)(3) Human Services

MEMPHIS, TN

Total Revenue
$937,685
Total Expenses
$846,363
Total Assets
$1,301,192
Net Assets
$748,020
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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
2015
Legal Domicile
TN
Principal Officer
ANTON MACK
Phone
9015902127
Tax Period
2023-01-01 to 2023-12-31

EXPLORE BIKE SHAREINC, founded in 2015, is a small nonprofit in the Human Services sector that reported $938K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $846K left a modest 10% surplus.

Mission

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: EXPLORE BIKE SHARE IS FUNDAMENTALLY REVOLUTIONIZING PERSONAL MOBILITY IN MEMPHIS BY CREATING A HEALTHY, CLEAN, AND ACCESSIBLE TRANSPORTATION ALTERNATIVE THAT ALSO ADVANCES MEMPHIS IN CULTURE AND TOURISM AND CONNECTS OUR COMMUNITIES. EXPLORE BIKE SHARE, INC. DEVELOPED AND IMPLEMENTED A BIKE-SHARING PROGRAM FOR THE BENEFIT OF AS MANY MEMPHIANS AS POSSIBLE. THE ORGANIZATION PROMOTES BIKE CULTURE THROUGH COMMUNITY DEVELOPMENT, BIKE EDUCATION, AND SAFETY TRAINING. FINALLY, THE ORGANIZATION ENCOURAGES EXERCISE AND HEALTHY LIFESTYLES FOR ALL MEMPHIANS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $745,121
Program Service Revenue $192,564
Investment Income $0
Other Revenue $0
TOTAL REVENUE $937,685

Expense Breakdown

Grants Paid $0
Salaries & Benefits $361,827
Fundraising Expenses $60,576
Program Expenses $689,892
Other Expenses $484,536
TOTAL EXPENSES $846,363

Year-over-Year Comparison

2023 2022 Change
Revenue $937,685 $809,480 +0.2%
Expenses $846,363 $1,016,342 -0.2%
Net Income $91,322 $-206,862 -1.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
6
Volunteers
5

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN BERMUDEZ SECRETARY N/A
Director
$0 $0 $0
SUZANNE CARLSON VICE CHAIRMA N/A
Officer Director
$0 $0 $0
DOUG CARPENTER DIRECTOR N/A
Director
$0 $0 $0
MILTON HOWERY DIRECTOR N/A
Director
$0 $0 $0
DOUG MCGOWEN CHAIRMAN N/A
Officer Director
$0 $0 $0
TANJA MITCHELL DIRECTOR N/A
Director
$0 $0 $0
PENELOPE SPRINGER TREASURER N/A
Officer Director
$0 $0 $0
MARQUES YOUNG DIRECTOR N/A
Director
$0 $0 $0
ANTON MACK EXECUTIVE DI N/A
Officer
$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
2024 No data No data No data No data
2023 $937,685 $846,363 $1,301,192 $91,322
2022 $809,480 $1,016,342 $1,420,001 $-206,862
2021 $1,735,436 $1,237,063 $2,025,455 $498,373
2020 $384,371 $1,138,203 $1,237,010 $-753,832
2019 $852,296 $1,362,288 $2,181,045 $-509,992
2018 $1,152,547 $1,381,415 $2,646,998 $-228,868
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