Civic Intelligence

Manhattan and Bronx Surface Transit Operating Authority

990 • Fiscal year 2023 • EIN 13-1961750

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 06, 2024

Organization ProfileMTA.info
2 Broadway Ste A1556New York, NY 10004

(646) 252-6653

Siviq Scores

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

Liabilities / Assets

100th percentile

1.91x

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

2023 filings • 501(c)3 • $1B+ nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

3.64x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1B+ nonprofits • Source year 2023

Net Margin

1st percentile

-147%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $1B+ nonprofits • Source year 2023

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

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

2023 filings • 501(c)3 • $1B+ nonprofits • Source year 2023

Asset Growth

98th percentile

45%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-11%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$1,402,807,193

Up $438,640,249 (+45%) from 2022

Net Assets

Down

-$1,276,398,382

Down $512,121,643 (-67%) from 2022

Liabilities

Up

$2,679,205,575

Up $950,761,892 (+55%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin1st percentile

Revenue

Down

$736,953,371

Down $93,769,702 (-11%) from 2022

Expenses

Up

$1,819,870,926

Up $224,891,592 (+14%) from 2022

Net Income

Down

-$1,082,917,555

Down $318,661,294 (-42%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2023

Assets$1,402,807,193
Liabilities$2,679,205,575
Net Assets-$1,276,398,382
Open 2023 Filing

Operations Trend

Revenue Growth19th 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

2023

Revenue$736,953,371
Expenses$1,819,870,926
Net Income-$1,082,917,555
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 6, 2024
Return Version
2023v5.1
Gross Receipts
$736,953,371
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
Land, Buildings, and Equipment, Net$745,768,222$661,958,078▼ $83,810,144
Accounts Receivable$211,979,683$316,365,933▲ $104,386,250
Prepaid Expenses and Deferred Charges-$158,396,642-
Pd in Cap Srpls Land Bldg Eqp Fund$104,379,586$110,838,355▲ $6,458,769
Inventories for Sale or Use$6,419,039$6,113,042▼ $305,997
Rtn Earn Endowment Incm Other Fnds$-868,656,325$-1,387,236,737▼ $518,580,412
Total Assets$964,166,944$1,402,807,193▲ $438,640,249
Other Assets Total-$259,973,498-
Liabilities
Other Liabilities$1,728,007,519$2,248,409,460▲ $520,401,941
Accounts Payable and Accrued Expenses$436,164$430,796,115▲ $430,359,951
Total Liabilities$1,728,443,683$2,679,205,575▲ $950,761,892
Net Assets / Fund Balance
Total Net Assets Fund Balance$-764,276,739$-1,276,398,382▼ $512,121,643
Total Liabilities and Net Assets / Fund Balance$964,166,944$1,402,807,193▲ $438,640,249

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$661,958,078$647,441,891$1,309,399,969
Other Assets Org$259,973,498--
Compensation and Service Providers
Top Officer Pay3rd percentile

Board Members and Trustees

NameTitle
Janno LieberChairman CEO
Frank AnnicaroSr Vice President
John PillartzVice President
Sunil NairVice President
Andrew AlbertDirector
Blanca P LopezDirector
Daniel GarodnickDirector
David R JonesDirector
David S MackDirector
Gerard BringmanDirector
Haeda B MihaltsesDirector
Jamey BarbasDirector
John Ross RizzoDirector
John SamuelsonDirector
Lisa SorinDirector
Marc HerbstDirector
Meera JoshiDirector
Michael FleischerDirector
Midori ValdiviaDirector
Neal ZuckermanDirector
Norman E BrowanDirector
Randolph GlucksmanDirector
Samuel ChuDirector
Vincent Tessitore JrDirector
Samuel SchaffnerChief Officer
Adam SzegdaDeputy Chief

Highest Paid Contractors

ContractorServicesLocationCompensation
Block O'Toole Murphy LLPLegal ServicesOne Penn Plaza, New York, NY 10119$8,000,000
Blumenshay-2916 Shell Rd, Brooklyn, NY 11224$3,025,000
Gair Gair Conason Rubinowitz Bloom-150 Broadway, New York, NY 10005$1,300,000
Leav Steinberg LLP-75 Broad St, New York, NY 10004$936,755
Pena Kahn LLC-1250 Water Place, Bronx, NY 10461$893,755
Revenue and Support

Revenue Composition

Contributions and Grants
$459,583,409
Program Service Revenue
$262,883,227
Investment Income
$0
Other Revenue
$14,486,735
Change in Net Assets
$-1,082,917,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,575,449,821
Other Expenses$244,421,105
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$460,256,774$306,837,850-$767,094,624
Other Employee Benefits$235,974,598$157,316,399-$393,290,997
Pension Plan Contributions$155,689,998$103,793,332-$259,483,330
Depreciation Depletion$105,963,672--$105,963,672
Current Officers, Directors, Trustees, and Key Employees$54,812,787$36,541,858-$91,354,645
Fees for Services Legal$66,249,419--$66,249,419
Payroll Taxes$38,535,735$25,690,490-$64,226,225
Other Expenses$27,919,749$6,975,410-$27,919,749
Office Expenses$2,619,877$1,747,218-$4,367,095
Fees for Services Management$520,752$2,083,130-$2,603,882
Occupancy$1,140,693$760,462-$1,901,155
All Other Expenses$539,085--$539,085
Total Functional Expenses$1,178,124,777$641,746,149$0$1,819,870,926
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$2,248,409,460
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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 11B

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

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

“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 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
Address
2 BROADWAY STE A1556, New York, NY 10004

Signing Officer

Name
William Vazoulas
Title
Controller
Signed
2024-08-06
Discuss with paid preparer
No

Organization Details

Principal Officer
William Vazoulas
Formed
1983
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
19
Employees
8,698
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IRS990/Form990PartVIISectionAGrp/PersonNm5Randolph Glucksman
IRS990/Form990PartVIISectionAGrp/PersonNm6David R Jones
IRS990/Form990PartVIISectionAGrp/PersonNm7David S Mack
IRS990/Form990PartVIISectionAGrp/PersonNm8Haeda B Mihaltses
IRS990/Form990PartVIISectionAGrp/PersonNm9Daniel Garodnick
IRS990/Form990PartVIISectionAGrp/PersonNm10Meera Joshi
IRS990/Form990PartVIISectionAGrp/PersonNm11Blanca P Lopez
IRS990/Form990PartVIISectionAGrp/PersonNm12Neal Zuckerman
IRS990/Form990PartVIISectionAGrp/PersonNm13Janno Lieber
IRS990/Form990PartVIISectionAGrp/PersonNm14Samuel Chu
IRS990/Form990PartVIISectionAGrp/PersonNm15Vincent Tessitore Jr
IRS990/Form990PartVIISectionAGrp/PersonNm16Lisa Sorin
IRS990/Form990PartVIISectionAGrp/PersonNm17Midori Valdivia
IRS990/Form990PartVIISectionAGrp/PersonNm18John Ross Rizzo
IRS990/Form990PartVIISectionAGrp/PersonNm19John Samuelson
IRS990/Form990PartVIISectionAGrp/PersonNm20Marc Herbst
IRS990/Form990PartVIISectionAGrp/PersonNm21Frank Annicaro
IRS990/Form990PartVIISectionAGrp/PersonNm22Adam Szegda
IRS990/Form990PartVIISectionAGrp/PersonNm23Samuel Schaffner
IRS990/Form990PartVIISectionAGrp/PersonNm24John Pillartz
IRS990/Form990PartVIISectionAGrp/PersonNm25Sunil Nair
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Chairman CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Sr Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt22Deputy Chief
IRS990/Form990PartVIISectionAGrp/TitleTxt23Chief Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt24Vice President
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,402,807,193
Liabilities
$2,679,205,575
Net assets
-$1,276,398,382
Revenue
$736,953,371
Expenses
$1,819,870,926
Net income
-$1,082,917,555
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