Overview
What is The Transit System Inc?
The Transit System Inc, located in Glen Rose, Texas, is a nonprofit organization with a mission to enhance accessibility for individuals in Somervell and Hood Counties. Their primary focus is on providing transportation services, enabling residents to reach essential resources such as healthcare, employment opportunities, and public services in rural areas. With a dedicated workforce of 25 employees, this organization plays a crucial role in bridging the gap between remote communities and essential services, thereby improving overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Transit System Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 90% in its accountability and finance metrics, demonstrating effective management of its resources. The rating is derived entirely from their performance in this single category, indicating a robust focus on transparent financial practices.
One of the notable strengths of The Transit System Inc is its independent governance structure, with a fully independent board comprising 13 members. This independence ensures that decisions are made without conflicts of interest. Furthermore, the organization has strong policies in place, including a whistleblower policy and a conflict of interest policy, both of which contribute to a transparent operational framework.
Financial performance indicators are also impressive, with a low liabilities to assets ratio of 2.39% and a program expense ratio of 81.91%, suggesting that a significant portion of their funds is directed toward their programs and services. Overall, The Transit System Inc demonstrates a high level of accountability and transparency, securing its reputation as a responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Transit System Inc legitimate?
The Transit System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Transit System 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: $68,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $529,212
For more financial information, click here
What is the mission statement of The Transit System Inc?
The Transit System Inc's mission is centrally focused on providing transportation services to rural areas in Somervell and Hood Counties, Texas. This mission aims to enhance the accessibility of individuals to essential services such as healthcare, employment, and public facilities. By doing so, it empowers these individuals to lead more integrated lives, thereby improving their overall quality of life. The organization's activities are primarily geared towards breaking down geographical barriers and ensuring equitable access to essential services.
Who is the CEO of The Transit System Inc?
Derinda D Long is the Chairman of The Transit System Inc.
What is the revenue of The Transit System Inc?
The Transit System Inc's revenue in 2023 was $2,056,492.
Who are the executives of The Transit System Inc and what are their salaries?
The average compensation at The Transit System Inc during 2023 was $23,915. There are 25 employees at The Transit System Inc.
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Where can I find the form 990 for The Transit System Inc?
The Transit System Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Transit System Inc
The Transit System Inc, a nonprofit organization, is dedicated to serving the rural areas of Somervell and Hood Counties in Texas. Their mission revolves around enhancing the accessibility of individuals to essential services, specifically healthcare, employment opportunities, and public services. By providing transportation, this organization plays a crucial role in bridging the gap between rural communities and the resources they need to thrive. By doing so, The Transit System Inc contributes significantly to improving the overall quality of life in these areas.
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Impact
July, 2024
The Transit System Inc's impact lies in providing crucial transportation services to rural areas of Somervell and Hood counties in Texas. By enhancing access to healthcare, employment opportunities, and public services, this organization plays a vital role in improving the quality of life for individuals in these underserved regions. Through their mission of transportation services, The Transit System Inc directly contributes to bridging the gap in access to essential resources for residents of rural communities, ultimately leading to greater economic and social empowerment for those they serve.
This information is meant to be a general summary of The Transit System 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 2023.
- Investment Income: $2,657
- Program Service Revenue: $269,904
- Gross Receipts: $2,056,492
Assets and Liabilities:
- Total Assets: $3,143,007
- Total Liabilities: $75,163
- Net Assets: $3,067,844
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARTER CONTRACT REVENUE
Revenue
$191,770
PASSENGER REVENUE
Revenue
$78,134
Organization Details
Founding Year
1983
Phone
(254) 897-2964Principal Officer
Derinda D Long
Main Address
401 COMMERCE ST, GLEN ROSE, TX, 760434333
NTEE Category
Code: Z99Z - Unknown
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