PHILADELPHIA TRANSIT (EIN 850857928) - 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

2020

Legal Domicile

Principal Officer

LORIE MCCOOL

Phone

6014908406

Tax Period

2023-10-01 to 2024-09-30

PHILADELPHIA TRANSIT, founded in 2020, is a small nonprofit in the Human Services sector that reported $627K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO INCREASE ACCESS TO TRANSPORTATION SERVICES WITHIN OUR LOCAL COMMUNITIES FOR UNDERSERVED INDIVIDUALS IN NEED OF TRANSPORTATION SERVICES. OUR TARGET POPULATION WILL INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING: ELDERLY AND DISABLED PARTICIPANTS AS WELL AS INDIVIDUALS NOT BEING SERVED BY ANOTHER AGENCY OR PROGRAM.

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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 $450,106

Program Service Revenue $176,984

Investment Income $0

Other Revenue $0

TOTAL REVENUE $627,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,777

Fundraising Expenses $0

Program Expenses $539,337

Other Expenses $342,225

TOTAL EXPENSES $655,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$627,090	$668,717	-0.1%
Expenses	$655,002	$500,040	+0.3%
Net Income	$-27,912	$168,677	-1.2%

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
DAWN GOODWIN	SECRETARY	1.00	Director	$0	$0	$0
SHANDA HILLMAN	VICE PRESIDE	1.00	Director	$0	$0	$0
LORIE MCCOOL	PRESIDENT	10.00	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
2024	$627,090	$655,002	$230,306	$-27,912
2023	$668,717	$500,040	$270,649	$168,677
2022	$374,731	$378,320	$92,114	$-3,589

PHILADELPHIA TRANSIT