Las Vegas Monorail Company

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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

1993

Legal Domicile

Principal Officer

CURTIS L MYLES III

Phone

7026998200

Tax Period

2019-01-01 to 2019-12-31

Las Vegas Monorail Company, founded in 1993, is a mid-sized nonprofit that reported $22.7M in total revenue in fiscal year 2019. Expenses of $38.3M exceeded revenue, resulting in a 69% operating deficit.

Mission

TO PROMOTE PUBLIC TRANSPORTATION CONSISTENT WITH THE OVERALL TRANSPORTATION OBJECTIVES OF CLARK COUNTY, NEVADA.

Program Service Accomplishments

Program 1

Expenses: $31,321,300 Revenue: $21,267,317

Ticket Sales - TICKET SALES ARE THE MAIN SOURCE OF REVENUE FOR THE LAS VEGAS MONORAIL COMPANY. THE ORGANIZATION SELLS TICKETS TO RIDERS OF THE MONORAIL TRANSPORTATION SYSTEM, WHICH CARRIED 4,635,663...

Program 2

Expenses: $145,910 Revenue: $1,250,125

Advertising - ADVERTISING IS A SECONDARY SOURCE OF REVENUE FOR THE LAS VEGAS MONORAIL COMPANY. THE ORGANIZATION SELLS SPACE TO ADVERTISERS ON THE TRAINS AND STATIONS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,517,442

Investment Income $145,961

Other Revenue $0

TOTAL REVENUE $22,663,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,417,235

Fundraising Expenses $0

Program Expenses $31,467,210

Other Expenses $27,900,784

TOTAL EXPENSES $38,318,019

Year-over-Year Comparison

	2019	2018	Change
Revenue	$22,663,403	$21,357,422	+0.1%
Expenses	$38,318,019	$39,585,309	0.0%
Net Income	$-15,654,616	$-18,227,887	-0.1%

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

161

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

$1,571,613

Total Directors

$287,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS L MYLES III	PRESIDENT & CEO	50.0	Officer	$417,382	$37,247	$454,629
PETER MCCANN	SR VP & COO	50.0	Officer	$279,359	$43,537	$322,896
INGRID REISMAN	SR VP OF CORP. COMMUNICATIONS	50.0	Officer	$274,579	$32,319	$306,898
BARRICK NEILL	VP OF OPERATIONS	50.0	Officer	$244,015	$30,752	$274,767
SIMEON SALZMAN	CFO	50.0	Officer	$174,346	$38,077	$212,423
ANTHONY CHARLES	IT Director	40.0	Highest	$130,268	$0	$130,268
HENRY DUFRESNE	Director of Maintenance	40.0	Highest	$114,383	$0	$114,383
ERIC STONE	Senior Maintenance Engineer	40.0	Highest	$108,008	$0	$108,008
Kenneth Freano	DIRECTOR OF ENGINEERING	40.0	Highest	$105,000	$0	$105,000
Heather Abel	SALES MANAGER	40.0	Highest	$104,884	$0	$104,884
DONALD SHALMY	CHAIRMAN	1.0	Director	$42,000	$0	$42,000
BRUCE WOODBURY	DIRECTOR	1.0	Director	$42,000	$0	$42,000
VIRGINIA VALETINE	DIRECTOR	1.0	Director	$42,000	$0	$42,000
MARK RUSSELL	DIRECTOR	1.0	Director	$42,000	$0	$42,000
MICHAEL SOLOW	DIRECTOR	1.0	Director	$38,500	$0	$38,500
RYAN HAMMER	Director (1/1/19-11/30/19)	1.0	Director	$38,500	$0	$38,500
ROBERT MANZO	DIRECTOR (1/1/19 - 7/31/19)	1.0	Director	$24,500	$0	$24,500
Frank Chin	Director	1.0	Director	$14,000	$0	$14,000
Dan Walsh	Director	1.0	Director	$3,500	$0	$3,500

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
2019	$22,663,403	$38,318,019	$204,425,627	$-15,654,616
2018	$21,357,422	$39,585,309	$214,362,323	$-18,227,887