Oscoda County Area Transit EIN 38-3598378 Form 990 (PDF) Claim this org

Oscoda County Area Transit

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Offers rides for seniors, disabled individuals, veterans, and those needing transportation assistance. For fiscal year 2024 it reported $587K in revenue, $676K in expenses, and $84K in net assets.Pt I

Type
Membership association · Human Services
Location
Mio, MI
Filings
6 on file (2019–2024)
Revenue
$587KFY2024
Expenses
$676K
Net assets
$84K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  38-3598378 Membership association Mio, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers rides for seniors, disabled individuals, veterans, and those needing transportation assistance.
Leadership
Clifford Morse · Vice Preside
Money in and out
$587K revenue, $676K expenses
Bottom line
-15% operating surplus
Membership & operating revenue · FY2024
Total revenue
$587K
Pt VIII · Ln 12
Total expenses
$676K
Pt IX · Ln 25
Net assets
$84K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$89K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Operating surplus
-15%
revenue over expenses▼ -225% vs prior filing year
Earned revenue
54%
of revenue from program services & dues▲ +28% vs prior filing year
Payroll share
70%
of spending is salaries & benefits▲ +2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$587K
FY2024▼ -5%
Expenses
$676K
FY2024▲ +25%
Total assets
$258K
FY2024▼ -22%
Total liabilities
$175K
FY2024▲ +10%
Total revenue
$587K
Pt VIII · Ln 12
Total expenses
$676K
Pt IX · Ln 25
Net assets
$84K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$89K
Total assetsPt X · Ln 16$258K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COscoda County Area Transit
EINHdr · item D38-3598378
Principal addressHdr · item CMio, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJun 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $604K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides transportation for members of oscoda county.

$604Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$319K · 54%
Contributions & grants$268K · 46%
Program service revenue54%$319K
Contributions & grants46%$268K
Investment income$118
— government grantsLn 1e$268K
Total revenueLn 12$587K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$604K
Management & general11%$72K
Total functional expensesLn 25$676K

Balance Sheet

Part X · end of year
CashLn 1$87K
Total assetsLn 16$258K
Total liabilitiesLn 26$175K
Total net assetsLn 32$84K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $87K · Operating expenses/yr $676K
1.5 months
Where the money goes
Program services
Program services $604K · Total expenses $676K
89%
Management & General
Management & general $72K · Total expenses $676K
11%
Fundraising
Fundraising $0 · Total expenses $676K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $268K · Total revenue $587K
46%
Government reliance
Government grants $268K · Total revenue $587K
46%
Earned-income share
Program service revenue $319K · Total revenue $587K
54%
Investment reliance
Investment income $118 · Total revenue $587K
+0.02%
Program self-sufficiency
Program service revenue $319K · Total expenses $676K
47%
Growth & trend
Revenue growth (YoY)
This year $587K · Prior year $617K
-5%
Revenue CAGR
FY2019 $374K · FY2024 $587K
+9%
Net-asset trend (YoY)
End of year $84K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $587K · Expenses $676K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $258K
Net-asset ratio
Net assets $84K · Total assets $258K
32%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $258K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Clifford Morse · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $676K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $470K · Total expenses $676K
70%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth -5%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$587K revenue · viewing · ⤓ 990 PDF
FY2023$617K revenue · ⤓ 990 PDF
FY2022$577K revenue · ⤓ 990 PDF
FY2021$242K revenue · ⤓ 990 PDF
FY2020$160K revenue · ⤓ 990 PDF
FY2019$374K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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