Ctav EIN 54-1701008

Ctav FY2024 filing

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Improves specialized and rural transportation services across Virginia. For fiscal year 2024 it reported $231K in revenue, $179K in expenses, and $165K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Radford, VA
Filings
5 on file (2021–2024)
Revenue
$231KFY2024
Expenses
$179K
Net assets
$165K
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-1701008 Business league / trade association Radford, VA
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Improves specialized and rural transportation services across Virginia.
Leadership
Susan Newbrough · Director
Money in and out
$231K revenue, $179K expenses
Bottom line
+22% operating surplus
Membership & operating revenue · FY2024
Total revenue
$231K
Pt VIII · Ln 12
Total expenses
$179K
Pt IX · Ln 25
Net assets
$165K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.41 Fundraising $0.01
Operating surplus
+22%
revenue over expenses
Earned revenue
84%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$231K
FY2024▲ +34%
Expenses
$179K
FY2024▲ +2%
Total assets
$165K
FY2024▲ +46%
Total liabilities
$0
FY2024
Total revenue
$231K
Pt VIII · Ln 12
Total expenses
$179K
Pt IX · Ln 25
Net assets
$165K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$165K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

1 program service account for $104K of program spending, described in the organization's own filed words · FY2023.
01

This entity is organized exclusively for charitable, religious, educational and scientific purposes, including for such purposes, the making or receiving of distributions to or from organizations that qualify as exempt- from taxation organations under Section 501 c 6 of the Internal revenue code.

$104Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCtav
EINHdr · item D54-1701008
Principal addressHdr · item CRadford, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFFeb 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$195K · 84%
Contributions & grants$31K · 14%
Other revenue$4K · 2%
Program service revenue84%$195K
Contributions & grants14%$31K
Other revenue2%$4K
Investment income$420
Total revenueLn 12$231K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.41 Fundraising $0.01
Program services58%$104K
Management & general41%$74K
Fundraising1%$1K
Total functional expensesLn 25$179K

Balance Sheet

Part X · end of year
CashLn 1$165K
Total assetsLn 16$165K
Total liabilitiesLn 26$0
Total net assetsLn 32$165K
Months of cash on handcomputed11.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $165K · Operating expenses/yr $179K
11.1 months
Where the money goes
Program services
Program services $104K · Total expenses $179K
58%
Management & General
Management & general $74K · Total expenses $179K
41%
Fundraising
Fundraising $1K · Total expenses $179K
0.6%
Cost to raise $1
Fundraising expense $1K · Solicited contributions $31K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $31K · Total revenue $231K
14%
Government reliance
Government grants — · Total revenue $231K
Earned-income share
Program service revenue $195K · Total revenue $231K
84%
Investment reliance
Investment income $420 · Total revenue $231K
+0.2%
Program self-sufficiency
Program service revenue $195K · Total expenses $179K
109%
Growth & trend
Revenue growth (YoY)
This year $231K · Prior year $172K
+34%
Net-asset trend (YoY)
End of year $165K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $231K · Expenses $179K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $165K
Net-asset ratio
Net assets $165K · Total assets $165K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $165K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Newbrough · Reported title Director · Highest reported compensation $0 · Total expenses $179K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $179K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 41%
Fundraising cost ratio 3%
Revenue growth 34%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%

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
FY2025 (Latest)$186K revenue · ⤓ 990 PDF
FY2024$231K revenue · viewing · ⤓ 990 PDF
FY2023$172K revenue · ⤓ 990 PDF
FY2022$94K revenue · ⤓ 990 PDF
FY2021$60K 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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