Tri-County Busing INC EIN 38-6096460 Form 990 (PDF) Claim this org

Tri-County Busing INC FY2023 filing

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Provides safe transportation for children with special needs to and from special education classes. For fiscal year 2023 it reported $1.0M in revenue, $1.1M in expenses, and $885K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Cadillac, MI
Filings
5 on file (2021–2023)
Revenue
$1.0MFY2023
Expenses
$1.1M
Net assets
$885K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  38-6096460 Public charity (501(c)(3)) Cadillac, MI
Form 990 (PDF)
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Size
$1–10M
What they do
Provides safe transportation for children with special needs to and from special education classes.
Leadership
Peggy Smith · Trustee
Money in and out
$1.0M revenue, $1.1M expenses
Where the money goes · FY2023
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$885K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$68K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07

Summary of the Filing

Part I · fiscal year 2023 · Form 990-T
Revenue
$1.0M
FY2023▲ +4%
Expenses
$1.1M
FY2023▲ +8%
Total assets
$886K
FY2023▼ -7%
Total liabilities
$2K
FY2023▲ +16%
Revenue less expensesPt I · Ln 19−$68K
Total assetsPt X · Ln 16$886K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTri-County Busing INC
EINHdr · item D38-6096460
Principal addressHdr · item CCadillac, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W40Z)
Ruling yearIRS BMFJul 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Peggy Smith’s $6K as Trustee is at the 2nd percentile of top reported officer pay among 732 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2022FY2021
Peggy Smith$6,163$6,125
Emily Hamilton-Hutchings$2,843$2,990
Marilyn Zmudzinski$1,013$1,200
Michael J Smith$1,088$1,163
Gregory D Beaudoin$1,013$1,163

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $994K of program spending, described in the organization's own filed words · FY2022.
01

Operating and maintaining school buses for transporting children with special needs to and from special education classes. Classes are held at facilities provided by wexford-missaukee intermediate school district. Approximately 100 students are transported daily using ten school buses.

$994Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$999K
Other revenue$3K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$994K
Management & general7%$76K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$495K
Total assetsLn 16$886K
Total liabilitiesLn 26$2K
Total net assetsLn 32$885K
Months of cash on handcomputed5.6

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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
FY2025 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$1.0M revenue · viewing · ⤓ 990 PDF
FY2022$960K revenue · ⤓ 990 PDF
FY2021$902K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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