DDP BIKE SHARE CORPORATION (EIN 811577310) - Form 990 Financial Analysis & Trantor Score

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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

ERIC B LARSON

Phone

8886646123

Tax Period

2024-01-01 to 2024-12-31

DDP BIKE SHARE CORPORATION, founded in 2015, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE THE NATION'S BEST IN CLASS BIKE SHARE PROGRAM AND BE A CATALYST IN MAKING DETROIT A LEADER IN MOBILITY.

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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 $658,571

Program Service Revenue $246,148

Investment Income $0

Other Revenue $324,041

TOTAL REVENUE $1,228,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $383,581

Fundraising Expenses $0

Program Expenses $1,140,424

Other Expenses $1,014,641

TOTAL EXPENSES $1,398,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,228,760	$1,081,386	+0.1%
Expenses	$1,398,222	$1,787,769	-0.2%
Net Income	$-169,462	$-706,383	-0.8%

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

N/A

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

$780,053

Total Directors

$688,466

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC B LARSON	DIRECTOR	1.00	Officer Director	$0	$21,243	$518,863
CARI EASTERDAY-KAR	VICE PRESIDENT/CFO/ASST TREASURER	10.00	Officer Director	$0	$6,400	$169,603
NED STABLER	CHAIR	1.00	Officer Director	$0	$0	$0
BISHOP EDGAR VAN II	DIRECTOR	1.00	Director	$0	$0	$0
DEREK EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
HELAINE ZACK	DIRECTOR	1.00	Director	$0	$0	$0
JANET ATTARIAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY HOOD	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WEINGARTNER	DIRECTOR	1.00	Director	$0	$0	$0
LISA NUSKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE JOHNSOHN-TIDJANI	DIRECTOR	1.00	Director	$0	$0	$0
ADRIEL THORNTON	EXECUTIVE DIRECTOR	40.00	Officer	$85,351	$6,236	$91,587

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	$1,228,760	$1,398,222	$431,395	$-169,462
2023	$1,081,386	$1,787,769	$779,859	$-706,383
2022	$1,777,452	$1,782,032	$1,251,895	$-4,580
2021	$1,762,983	$1,589,053	$1,106,348	$173,930
2020	$1,904,657	$1,925,099	$1,018,187	$-20,442
2019	$1,644,771	$1,391,293	$872,879	$253,478
2018	$1,198,250	$1,548,818	$643,191	$-350,568

DDP BIKE SHARE CORPORATION