EXPLORE BIKE SHAREINC

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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

Principal Officer

ANTON MACK

Phone

9015902127

Tax Period

2025-01-01 to 2025-12-31

EXPLORE BIKE SHAREINC, founded in 2015, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2025. Expenses of $1.0M left a modest 5% 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. HAS DEVELOPED, IMPLEMENTED, AND CONTINUES TO OPERATE AND EXPAND 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.

Program Service Accomplishments

Program 1

Expenses: $788,297 Revenue: $199,542

DEVELOPING, IMPLEMENTING, AND OPERATING A BIKE SHARE PROGRAM FOR THE BENEFIT OF THE GENERAL PUBLIC WITH ACCESS TO AS MANY MEMPHIANS AS POSSIBLE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $862,297

Program Service Revenue $199,542

Investment Income $-13,218

Other Revenue $0

TOTAL REVENUE $1,048,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $537,310

Fundraising Expenses $88,286

Program Expenses $788,297

Other Expenses $463,646

TOTAL EXPENSES $1,000,956

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,048,621	$1,088,146	0.0%
Expenses	$1,000,956	$951,402	+0.1%
Net Income	$47,665	$136,744	-0.7%

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

$106,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTON MACK	EXECUTIVE DI	40.00	Officer	$100,000	$6,000	$106,000
LAUREN BERMUDEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
SUZANNE CARLSON	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
DOUG CARPENTER	DIRECTOR	1.00	Director	$0	$0	$0
MILTON HOWERY	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MCGOWEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TANJA MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID OPPONG	DIRECTOR	1.00	Director	$0	$0	$0
PENELOPE SPRINGER	TREASURER	1.00	Officer Director	$0	$0	$0
MARQUES YOUNG	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	$1,048,621	$1,000,956	$1,171,440	$47,665
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