Civic Intelligence

Manhattan and Bronx Surface Transit Operating Authority

990 • Fiscal year 2018 • EIN 13-1961750

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 12, 2019

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

2.67x

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

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

4.38x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Net Margin

2nd percentile

-62%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Top Officer Pay

5th percentile

$370,222

Higher top officer pay than 5% of similar nonprofits.

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

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Asset Growth

95th percentile

27%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Revenue Growth

14th percentile

-1.8%

Faster revenue growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$1,564,443,447

Up $337,035,560 (+27%) from 2017

Net Assets

Up

-$2,618,825,803

Up $953,029,438 (+27%) from 2017

Liabilities

Down

$4,183,269,250

Down $615,993,878 (-13%) from 2017

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin2nd percentile

Revenue

Down

$954,963,940

Down $17,416,699 (-1.8%) from 2017

Expenses

Down

$1,551,184,238

Down $129,495,070 (-7.7%) from 2017

Net Income

Up

-$596,220,298

Up $112,078,371 (+16%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2018

Assets$1,564,443,447
Liabilities$4,183,269,250
Net Assets-$2,618,825,803
Open 2018 Filing

Operations Trend

Revenue Growth14th 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

2018

Revenue$954,963,940
Expenses$1,551,184,238
Net Income-$596,220,298
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 12, 2019
Return Version
2018v3.1
Gross Receipts
$954,963,940
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$50,739,761$1,599,989,497▲ $1,549,249,736
Accounts Receivable$547,099,668$526,985,303▼ $20,114,365
Land, Buildings, and Equipment, Net$370,723,016$483,572,242▲ $112,849,226
Inventories for Sale or Use$6,824,928$7,059,678▲ $234,750
Rtn Earn Endowment Incm Other Fnds$-3,622,595,002$-4,218,815,300▼ $596,220,298
Total Assets$1,227,407,887$1,564,443,447▲ $337,035,560
Other Assets Total$302,760,275$546,826,224▲ $244,065,949
Liabilities
Other Liabilities$4,376,669,481$3,811,486,412▼ $565,183,069
Accounts Payable and Accrued Expenses$417,215,289$366,424,431▼ $50,790,858
Deferred Revenue$5,378,358$5,358,407▼ $19,951
Total Liabilities$4,799,263,128$4,183,269,250▼ $615,993,878
Net Assets / Fund Balance
Total Net Assets Fund Balance$-3,571,855,241$-2,618,825,803▲ $953,029,438
Total Liabilities and Net Assets / Fund Balance$1,227,407,887$1,564,443,447▲ $337,035,560

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$483,572,242$721,803,105$1,205,375,347
Other Assets Org$546,826,224--
Compensation and Service Providers
Top Officer Pay5th percentile

Employees

NameTitleBaseTotal
Veronique HakimManaging Director$370,222$370,222
Michael BroeAgm$293,153$293,153
Darryl IrickSenior Vice President$288,144$288,144
Alan PutreNew Fare Program Director$241,444$241,444
Steven PlochochiSenior Vice President$232,158$232,158

Board Members and Trustees

NameTitle
Patrick FoyeChairman
Andrew AlbertBoard Member
David JonesBoard Member
David MackBoard Member
Haeda MihaltesBoard Member
Kevin LawBoard Member
Lawrance SchwartzBoard Member
Linda LacewellBoard Member
Neal ZuckermanBoard Member
Norman BrownBoard Member
Randolph GlucksmanBoard Member
Rhonda HermanBoard Member
Robert LinnBoard Member
Robert MujicaBoard Member
Samuel JohnsonBoard Member
Sarah FeinbergBoard Member
Susan MetzgerBoard Member
Veronica VanterpoolBoard Member
Vincent TessitoreBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
William Schwitzer Associates PCLegal225 Broadway, New York, NY 10007$3,573,532
Sacco Fillas LLPLegal120 Broadway, New York, NY 10271$2,759,445
Lipsig Shapey Manus Moverman PCLegal500 Fifth Ave, New York, NY 10110$1,918,298
Block O'toole Murphy LLPLegal185 Madison Ave, New York, NY 10016$1,560,000
Hecht Kleeger Damashek PCLegal80 Pine St, New York, NY 10005$1,270,000
Revenue and Support

Revenue Composition

Contributions and Grants
$523,681,913
Program Service Revenue
$415,628,229
Investment Income
$0
Other Revenue
$15,653,798
All Other Contributions
$523,681,913
Change in Net Assets
$-596,220,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,296,457,625
Other Expenses$254,726,613
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$500,918,854$248,733,329-$749,652,183
Pension Plan Contributions$202,374,144$76,936,709-$279,310,853
Other Employee Benefits$119,635,681$86,745,476-$206,381,157
Depreciation Depletion$39,293,844$23,573,801-$62,867,645
Payroll Taxes$40,608,146$20,505,286-$61,113,432
Other Expenses$17,722,974$38,186,983-$55,909,957
Fees for Services Legal$10,621,361$12,342,696-$22,964,057
Office Expenses$14,042$27,070-$41,112
Total Functional Expenses$982,630,013$568,554,225$0$1,551,184,238
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$2,291,938,100
LT Liability from injuries to persons$1,346,448,914
LT Retirement Benefits$171,435,042
Deferred compensation Pension escrow funds$1,664,356
Overdraft-
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 polcy 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 15A B

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

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
Title
Controller
Signed
2019-04-12
Discuss with paid preparer
No

Organization Details

Formed
1983
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
9,323
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IRS990/Form990PartVIISectionAGrp/PersonNm10Robert Mujica
IRS990/Form990PartVIISectionAGrp/PersonNm11Robert Linn
IRS990/Form990PartVIISectionAGrp/PersonNm12David Mack
IRS990/Form990PartVIISectionAGrp/PersonNm13Susan Metzger
IRS990/Form990PartVIISectionAGrp/PersonNm14Samuel Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm15Lawrance Schwartz
IRS990/Form990PartVIISectionAGrp/PersonNm16Vincent Tessitore
IRS990/Form990PartVIISectionAGrp/PersonNm17Veronica Vanterpool
IRS990/Form990PartVIISectionAGrp/PersonNm18Neal Zuckerman
IRS990/Form990PartVIISectionAGrp/PersonNm19Veronique Hakim
IRS990/Form990PartVIISectionAGrp/PersonNm20Michael Broe
IRS990/Form990PartVIISectionAGrp/PersonNm21Darryl Irick
IRS990/Form990PartVIISectionAGrp/PersonNm22Alan Putre
IRS990/Form990PartVIISectionAGrp/PersonNm23Steven Plochochi
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IRS990/Form990PartVIISectionAGrp/TitleTxt20AGM
IRS990/Form990PartVIISectionAGrp/TitleTxt21Senior Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt22New Fare Program Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Senior Vice President
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,564,443,447
Liabilities
$4,183,269,250
Net assets
-$2,618,825,803
Revenue
$954,963,940
Expenses
$1,551,184,238
Net income
-$596,220,298
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
2018Detailed filing. Detailed filing data is available for this year.$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