Civic Intelligence

Manhattan and Bronx Surface Transit Operating Authority

990 • Fiscal year 2016 • EIN 13-1961750

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 30, 2017

Organization ProfileMTA.info
2 Broadway Room D15153New York, NY 10004

(646) 252-6610

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

1.98x

Higher debt load relative to assets than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

3.16x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Net Margin

2nd percentile

-67%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Top Officer Pay

3rd percentile

$314,581

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Asset Growth

2nd percentile

-17%

Faster asset growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Revenue Growth

64th percentile

6.2%

Faster revenue growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$1,660,755,130

Down $336,361,400 (-17%) from 2015

Net Assets

Down

-$1,624,281,456

Down $714,659,442 (-79%) from 2015

Liabilities

Up

$3,285,036,586

Up $378,298,042 (+13%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin2nd percentile

Revenue

Up

$1,039,602,932

Up $60,729,127 (+6.2%) from 2015

Expenses

Up

$1,732,772,830

Up $134,964,044 (+8.4%) from 2015

Net Income

Down

-$693,169,898

Down $74,234,917 (-12%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$5.0B$0-$5.0BAssets 2010: $616,255,124Liabilities 2010: $1,281,004,730Net Assets 2010: -$664,749,6062010Assets 2011: $654,964,282Liabilities 2011: $1,633,793,992Net Assets 2011: -$978,829,7102011Assets 2012: $1,297,872,866Liabilities 2012: $1,755,120,380Net Assets 2012: -$457,247,5142012Assets 2013: $1,560,460,143Liabilities 2013: $2,213,805,304Net Assets 2013: -$653,345,1612013Assets 2014: $1,868,677,082Liabilities 2014: $2,606,202,129Net Assets 2014: -$737,525,0472014Assets 2015: $1,997,116,530Liabilities 2015: $2,906,738,544Net Assets 2015: -$909,622,0142015Assets 2016: $1,660,755,130Liabilities 2016: $3,285,036,586Net Assets 2016: -$1,624,281,4562016Assets 2017: $1,227,407,887Liabilities 2017: $4,799,263,128Net Assets 2017: -$3,571,855,2412017Assets 2018: $1,564,443,447Liabilities 2018: $4,183,269,250Net Assets 2018: -$2,618,825,8032018Assets 2019: $1,458,815,791Liabilities 2019: $2,132,292,095Net Assets 2019: -$673,476,3042019Assets 2020: $737,379,301Liabilities 2020: $2,113,545,968Net Assets 2020: -$1,376,166,6672020Assets 2021: $878,462,453Liabilities 2021: $2,230,818,712Net Assets 2021: -$1,352,356,2592021Assets 2022: $964,166,944Liabilities 2022: $1,728,443,683Net Assets 2022: -$764,276,7392022Assets 2023: $1,402,807,193Liabilities 2023: $2,679,205,575Net Assets 2023: -$1,276,398,3822023Assets 2024: $1,399,766,819Liabilities 2024: $2,494,584,433Net Assets 2024: -$1,094,817,6142024

Highlighted filing

2016

Assets$1,660,755,130
Liabilities$3,285,036,586
Net Assets-$1,624,281,456
Open 2016 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0B$1.0B$0-$1.0B-$2.0BExpenses 2010: $1,323,503,5342010Expenses 2011: $1,451,767,0162011Expenses 2012: $1,367,951,1102012Revenue 2013: $1,151,303,231Expenses 2013: $1,530,087,341Net Income 2013: -$378,784,1102013Revenue 2014: $1,160,373,522Expenses 2014: $1,637,663,350Net Income 2014: -$477,289,8282014Revenue 2015: $978,873,805Expenses 2015: $1,597,808,786Net Income 2015: -$618,934,9812015Revenue 2016: $1,039,602,932Expenses 2016: $1,732,772,830Net Income 2016: -$693,169,8982016Revenue 2017: $972,380,639Expenses 2017: $1,680,679,308Net Income 2017: -$708,298,6692017Revenue 2018: $954,963,940Expenses 2018: $1,551,184,238Net Income 2018: -$596,220,2982018Revenue 2019: $964,112,109Expenses 2019: $1,545,378,301Net Income 2019: -$581,266,1922019Revenue 2020: $558,511,422Expenses 2020: $1,464,961,478Net Income 2020: -$906,450,0562020Revenue 2021: $479,993,180Expenses 2021: $1,583,553,493Net Income 2021: -$1,103,560,3132021Revenue 2022: $830,723,073Expenses 2022: $1,594,979,334Net Income 2022: -$764,256,2612022Revenue 2023: $736,953,371Expenses 2023: $1,819,870,926Net Income 2023: -$1,082,917,5552023Revenue 2024: $736,105,241Expenses 2024: $1,730,569,938Net Income 2024: -$994,464,6972024

Highlighted filing

2016

Revenue$1,039,602,932
Expenses$1,732,772,830
Net Income-$693,169,898
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 30, 2017
Return Version
2016v3.0
Gross Receipts
$1,039,602,932
Mission and Program Overview

Mission

Provide Public Bus Transportation in the New York City boroughs of Manhattan and the Bronx

Provide Public Bus Transportation in New York City boroughs of Manhattan and the Bronx

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,573,471,329$1,289,914,877▼ $283,556,452
Land, Buildings, and Equipment, Net$589,005,081$510,929,076▼ $78,076,005
Accounts Receivable$718,449,072$393,880,686▼ $324,568,386
Savings and Temporary Cash Investments$249,252,793$304,155,334▲ $54,902,541
Prepaid Expenses and Deferred Charges$33,781,987--
Inventories for Sale or Use$6,968,938$7,082,660▲ $113,722
Cash and Non-Interest-Bearing Accounts$34,450$30,000▼ $4,450
Rtn Earn Endowment Incm Other Fnds$-2,483,093,343$-2,914,196,333▼ $431,102,990
Total Assets$1,997,116,530$1,660,755,130▼ $336,361,400
Other Assets Total$399,624,209$444,677,374▲ $45,053,165
Liabilities
Other Liabilities$2,614,728,228$2,966,690,266▲ $351,962,038
Accounts Payable and Accrued Expenses$292,010,316$318,346,320▲ $26,336,004
Total Liabilities$2,906,738,544$3,285,036,586▲ $378,298,042
Net Assets / Fund Balance
Total Net Assets Fund Balance$-909,622,014$-1,624,281,456▼ $714,659,442
Total Liabilities and Net Assets / Fund Balance$1,997,116,530$1,660,755,130▼ $336,361,400

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$510,929,076$805,650,508$1,316,579,584
Other Assets Org$444,677,374--
Compensation and Service Providers
Top Officer Pay3rd percentile

Employees

NameTitleBaseTotal
Veronique HakimPresident$314,581$314,581
Darryl IrickVice President$261,863$261,863
Alan PutreVice President$200,781$200,781
Stephen PlochochiVice President$199,026$199,026
Samuel SchaffnerVice President$195,900$195,900

Board Members and Trustees

NameTitle
Fernando FerrerActing Chairman
Andrew AlbertBoard Member
Andrew SaulBoard Member
Carl V WortendykeBoard Member
Charles G MoerdlerBoard Member
David R JonesBoard Member
Ira GreenburgBoard Member
James E VittielloBoard Member
John J MolloyBoard Member
John SamuelsonBoard Member
Lawrence SchwartzBoard Member
Mitchell H PallyBoard Member
Neak ZuckermanBoard Member
Norman E BrownBoard Member
Peter WardBoard Member
Polly TrottenbergBoard Member
Susan G MetzgerBoard Member
Veronica VanterpoolBoard Member
Vincent Tessitore JrBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Alpert Slobin Rubenstein LLPLegal2890 Randall Ave, Bronx, NY 10465$2,751,665
Queller Fisher Washor Fuchs KoLegal233 Broadway 18th Floor, New York, NY 10279$1,900,000
Frank Seskin LLPLegal110 E 59th St, New York, NY 10022$1,607,442
Joseph M Lichtenstein PCLegal131 Mineola Blvd Suite 102, Mineola, NY 11501$1,520,000
Kramer Pollack LLPLegal25 Roslyn Road, Mineola, NY 11501$1,178,388
Revenue and Support

Revenue Composition

Contributions and Grants
$405,321,040
Program Service Revenue
$440,166,750
Investment Income
$0
Other Revenue
$194,115,142
All Other Contributions
$365,709,653
Change in Net Assets
$-693,169,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,527,488,656
Other Expenses$205,284,174
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$438,745,456$302,180,432-$740,925,888
Pension Plan Contributions$302,827,744$189,143,799-$491,971,543
Other Employee Benefits$148,496,285$90,481,082-$238,977,367
Other Expenses$61,277,605$35,960,648-$97,238,253
Payroll Taxes$34,353,460$21,260,398-$55,613,858
Office Expenses$33,489,122$20,748,894-$54,238,016
Depreciation Depletion$29,999,749$18,640,193-$48,639,942
Occupancy$2,436,337$1,504,726-$3,941,063
Fees for Services Legal$731,302--$731,302
Total Functional Expenses$1,052,663,480$680,109,350$0$1,732,772,830
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$2,032,693,621
LT Retirement Benefits$489,319,271
LT Liability from injuries to persons$444,677,374
Deferred compensation Pension escrow funds-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The return is reviewed by the Senior Director of Accounting and Controller of Manhattan and Bronx Surface Transit Operating Authority before filing.”

Form 990, Part VI, Section B, Line 12C

“Each director, trustee and officer is required to comply with the written ethics policy of Manhattan and Bronx Surface Transit Operating Authority which required them to disclose any conflict of interest. They are also required to attend ethics training on a periodic basis to ensure that they understand and comply with the policy. Compliance with the policy is monitored on a continuous basis by the Division of Special Investigations of the Manhattan and Bronx Surface Transit Operating Authority.”

Form 990, Part VI, Section C, Line 15AB

“The salaries of the directors and other management officials are based on an independent appraisal by the human resources department of the Manhattan and Bronx Surface Transit Operating Authority using the Hay Job Evaluation Sysem.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Manhattan and Bronx Surface Transit Operating Authority
EIN
13-1961750
Phone
6462526610
Address
2 Broadway Room D15153, New York, NY 10004

Signing Officer

Name
William Vazoulas Controller
Title
Controller
Signed
2017-09-30
Discuss with paid preparer
No

Organization Details

Formed
1983
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
14
Employees
9,122

Preparer

Preparer
Manhattan and Bronx Surface Transit
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IRS990/Form990PartVIISectionAGrp/PersonNm13Veronica Vanterpool
IRS990/Form990PartVIISectionAGrp/PersonNm14James E Vittiello
IRS990/Form990PartVIISectionAGrp/PersonNm15Peter Ward
IRS990/Form990PartVIISectionAGrp/PersonNm16Carl V Wortendyke
IRS990/Form990PartVIISectionAGrp/PersonNm17Neak Zuckerman
IRS990/Form990PartVIISectionAGrp/PersonNm18Andrew Albert
IRS990/Form990PartVIISectionAGrp/PersonNm19Veronique Hakim
IRS990/Form990PartVIISectionAGrp/PersonNm20Darryl Irick
IRS990/Form990PartVIISectionAGrp/PersonNm21Alan Putre
IRS990/Form990PartVIISectionAGrp/PersonNm22Stephen Plochochi
IRS990/Form990PartVIISectionAGrp/PersonNm23Samuel Schaffner
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IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19President
IRS990/Form990PartVIISectionAGrp/TitleTxt20Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt22Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt23Vice President
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,660,755,130
Liabilities
$3,285,036,586
Net assets
-$1,624,281,456
Revenue
$1,039,602,932
Expenses
$1,732,772,830
Net income
-$693,169,898
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,400$2,495$1,095$736$1,731$994
2023Detailed filing. Detailed filing data is available for this year.$1,403$2,679$1,276$737$1,820$1,083
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$964$1,728$764$831$1,595$764
2021Detailed filing. Detailed filing data is available for this year.$878$2,231$1,352$480$1,584$1,104
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$737$2,114$1,376$559$1,465$906
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,459$2,132$673$964$1,545$581
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,564$4,183$2,619$955$1,551$596
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,227$4,799$3,572$972$1,681$708
2016Detailed filing. Detailed filing data is available for this year.$1,661$3,285$1,624$1,040$1,733$693
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,997$2,907$910$979$1,598$619
2014Detailed filing. Detailed filing data is available for this year.$1,869$2,606$738$1,160$1,638$477
2013Detailed filing. Detailed filing data is available for this year.$1,560$2,214$653$1,151$1,530$379
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,298$1,755$457$1,368
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$655$1,634$979$1,452
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$616$1,281$665$1,324