MY CITY RIDES

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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

2017

Legal Domicile

Principal Officer

MEG GOORLEY

Phone

9014435160

Tax Period

2023-01-01 to 2023-12-31

MY CITY RIDES, founded in 2017, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 5% surplus.

Mission

MY CITY RIDES MAKES RELIABLE TRANSPORTATION AFFORDABLE AND OWNERSHIP POSSIBLE FOR THOSE IN THE WORKFORCE WITH LIMITED MEANS BUT UNLIMITED POTENTIAL, INCREASING OPPORTUNIY FOR EVERYONE.

Program Service Accomplishments

Program 1

Expenses: $1,481,284

DURING 2023, MY CITY RIDES LEASED NEW 128 MOTOR SCOOTERS TO INDIVIDUALS IN THE WORKFORCE IN MEMPHIS, TN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,622,148

Program Service Revenue $0

Investment Income $724

Other Revenue $178,014

TOTAL REVENUE $1,800,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $770,310

Fundraising Expenses $0

Program Expenses $1,481,284

Other Expenses $932,049

TOTAL EXPENSES $1,702,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,800,886	$2,595,735	-0.3%
Expenses	$1,702,359	$1,550,921	+0.1%
Net Income	$98,527	$1,044,814	-0.9%

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

$161,730

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN CONAWAY	BOARD MEMBER	2.00	Director	$0	$0	$0
PAULO TEIXEIRA	PRESIDENT	2.00	Director	$0	$0	$0
JAY MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW NIX	EXECUTIVE DIRECTOR/CEO	40.00	Officer	$155,510	$6,220	$161,730
PATRICIA STRINGER	SECRETARY	5.00	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	$1,800,886	$1,702,359	$4,845,671	$98,527
2022	$2,778,417	$1,534,373	$4,958,748	$1,244,044
2022	$2,595,735	$1,550,921	$4,822,379	$1,044,814
2021	$1,767,387	$1,171,069	$3,890,052	$596,318
2020	$3,067,020	$1,129,465	$3,153,618	$1,937,555
2019	$1,604,895	$1,081,663	$1,121,646	$523,232
2018	$912,553	$600,346	$588,799	$312,207