Overview
What is Transcom Inc?
Transcom Inc, located in Jersey City, New Jersey, is a nonprofit organization with a focus on improving transportation information. Funded by grants from the Federal Highway Administration, passed through the New Jersey Department of Transportation, Transcom aims to enhance the quality, timeliness, and dissemination of transportation information to both transportation agencies and traveler information systems for the public. By serving as a coalition of transportation and public safety agencies, Transcom supports its members by facilitating interagency communication of real-time traffic data, planned and unexpected events, and the enhanced utilization of existing traffic and transportation management systems. Transcom serves as a platform for coordinating the innovative and collaborative implementation of future systems, ultimately improving regional mobility and public safety during travel. With a team of 26 dedicated individuals, Transcom Inc is committed to making transportation more efficient and safer for all.
Official website here: www.xcm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
Transcom Inc holds a commendable Four-Star out of Four Star rating from Charity Navigator, showcasing its strong accountability and financial health. The overall score is derived solely from its impressive Accountability & Finance metrics, indicating a high level of transparency and responsible management of resources.
The organization excels in areas such as board independence, financial oversight, and adherence to essential policies. With 100% independent board members and a solid financial statements audit committee, Transcom Inc demonstrates its commitment to ethical governance. The absence of material asset diversion and a favorable liabilities-to-assets ratio further reinforce its stability and operational effectiveness.
Despite the positive aspects, detailed programmatic efficacy or impact measures are not highlighted within the rating summary. While financial accountability is vital, potential donors or stakeholders may seek additional information on the organization’s overall mission and the effectiveness of its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Transcom Inc legitimate?
Transcom Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transcom Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $475,807
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,466,321
For more financial information, click here
Official website here: www.xcm.org
What is the mission statement of Transcom Inc?
Transcom Inc, being a coalition of transportation and public safety agencies, aims to enhance regional mobility and ensure the safety of the traveling public. They achieve this by facilitating interagency communication, sharing real-time traffic data, and coordinating responses to planned and unplanned events. Transcom serves as a forum for the innovative and collaborative implementation of future transportation systems, aiming to maximize the utilization of existing traffic management systems among its member agencies.
Official website here: www.xcm.org
Who is the CEO of Transcom Inc?
Steven Levine is the Executive Di of Transcom Inc.
Official website here: www.xcm.org
What is the revenue of Transcom Inc?
Transcom Inc's revenue in 2022 was $11,461,830.
Official website here: www.xcm.org
Who are the executives of Transcom Inc and what are their salaries?
The average compensation at Transcom Inc during 2022 was $74,697. There are 26 employees at Transcom Inc.
Here are 22 key members and their salaries:
- Compensation: $181,061
- Related: $0
- Other: $27,286
- Compensation: $162,095
- Related: $0
- Other: $11,715
- Compensation: $132,651
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- Compensation: $131,032
- Related: $0
- Other: $0
- Compensation: $125,602
- Related: $0
- Other: $0
- Compensation: $106,197
- Related: $0
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Official website here: www.xcm.org
Where can I find the form 990 for Transcom Inc?
Transcom Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.xcm.org
Learn more at the official website: www.xcm.org
Mission Statement of Transcom Inc
Transcom Inc, a coalition of transportation and public safety agencies, aims to enhance the regional mobility and safety of the traveling public. They accomplish this by facilitating interagency communication of real-time traffic data, planned and unplanned events, and the enhanced utilization of existing traffic and transportation management systems within their member agencies. Transcom Inc serves as a platform for the collaborative implementation of future systems, fostering innovation and collaboration among its members.
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Impact
October, 2024
Transcom Inc plays a crucial role in enhancing regional mobility and safety for the traveling public in New Jersey and surrounding areas. By fostering collaboration among transportation and public safety agencies, Transcom Inc improves the flow of real-time traffic data and creates effective communication channels for both planned and unplanned events.
The organization focuses on testing and expanding technologies that streamline the dissemination of transportation information, benefiting not only the agencies involved but also the general public relying on accurate and timely travel updates. This collaborative approach helps to optimize the use of existing traffic and transportation management systems, ensuring that resources are utilized effectively for improved traffic conditions.
Through grants from the Federal Highway Administration, Transcom Inc has been able to implement innovative solutions that address the complexities of regional transportation management. By supporting its member agencies, the organization actively contributes to community improvement, making travel safer and more efficient for everyone.
This information is meant to be a general summary of Transcom Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,253
- Program Service Revenue: $6,348,372
- Gross Receipts: $11,461,830
Assets and Liabilities:
- Total Assets: $14,277,128
- Total Liabilities: $6,650,568
- Net Assets: $7,626,560
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADD'S OPS SUPPORT 3 STATE
Revenue
$2,550,361
OPS SUPPORT NON FEDERAL
Revenue
$2,373,846
OPS SUPPORT 3 STATE FEDERAL
Revenue
$1,422,266
PROGRAM INCOME CONTRACTORS
Revenue
$1,899
Organization Details
Founding Year
1998
Phone
(201) 963-4033Principal Officer
Steven Levine
Main Address
111 TOWN SQUARE PLACE RM/STE 605, JERSEY CITY, NJ, 073101755
Website
www.xcm.orgNTEE Category
Code: S02 - Community improvement
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