JOB RIDES INC

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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

2021

Legal Domicile

Principal Officer

Bill Raine

Phone

5157788199

Tax Period

2024-01-01 to 2024-12-31

JOB RIDES INC, founded in 2021, is a small nonprofit that reported $344K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $60K, a strong 18% operating margin.

Mission

Job Rides Inc. is a not-for-profit organization that provides members of underserved communities throughout the Des Moines, Iowa area with safe, reliable, and affordable transportation to work. Job Rides ceased operations in late 2024 due to lack of funding.

Program Service Accomplishments

Program 1

Expenses: $270,352 Revenue: $344,307

Job Rides transported riders from more than 25 pick-up locations to employers in Des Moines, Ankeny and Norwalk, Iowa. They had eight vans and drivers who covered these routes for three shifts every...

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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 $248,498

Program Service Revenue $86,809

Investment Income $0

Other Revenue $9,000

TOTAL REVENUE $344,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,103

Fundraising Expenses $6,592

Program Expenses $270,352

Other Expenses $119,851

TOTAL EXPENSES $283,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,307	$391,067	-0.1%
Expenses	$283,954	$434,182	-0.3%
Net Income	$60,353	$-43,115	-2.4%

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

Governance

Voting Members

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Raine	Director, President	30	Director	$0	$0	$0
Catharine Raine	Director, Secretary	1	Director	$0	$0	$0
Jeff Stange	Director, Vice President	1	Director	$0	$0	$0
Edgar Ramirez	Director	1	Director	$0	$0	$0
Kathleen Till Stange	Director, Treasurer	5	Director	$0	$0	$0
Jeff Williams	Director, Community Outreach Director	1	Director	$0	$0	$0
Logan Murray	Director	1	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	$344,307	$283,954	No data	$60,353
2023	$391,067	$434,182	$100,998	$-43,115
2022	$313,440	$330,510	$122,247	$-17,070