Civic Intelligence

The Transit System Inc

990 • Fiscal year 2015 • EIN 75-1871831

Sep 01, 2014 to Aug 31, 2015 • Filed on Mar 21, 2016

PO Box 332Glen Rose, TX 76043

(254) 897-2964

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

84th percentile

34%

Faster revenue growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,283,452

Up $168,763 (+15%) from 2014

Net Assets

Up

$1,267,450

Up $169,619 (+15%) from 2014

Liabilities

Down

$16,002

Down $856 (-5.1%) from 2014

Revenue

Up

$1,247,089

Up $313,538 (+34%) from 2014

Expenses

Down

$1,077,470

Down $2,819 (-0.3%) from 2014

Net Income

Up

$169,619

Up $316,357 (+216%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,345,483Liabilities 2011: $39,563Net Assets 2011: $1,305,9202011Assets 2012: $1,281,392Liabilities 2012: $63,704Net Assets 2012: $1,217,6882012Assets 2013: $1,274,473Liabilities 2013: $29,895Net Assets 2013: $1,244,5782013Assets 2014: $1,114,689Liabilities 2014: $16,858Net Assets 2014: $1,097,8312014Assets 2015: $1,283,452Liabilities 2015: $16,002Net Assets 2015: $1,267,4502015Assets 2016: $1,358,953Liabilities 2016: $39,649Net Assets 2016: $1,319,3042016Assets 2017: $1,480,338Liabilities 2017: $52,387Net Assets 2017: $1,427,9512017Assets 2018: $1,635,539Liabilities 2018: $58,821Net Assets 2018: $1,576,7182018Assets 2019: $1,622,920Liabilities 2019: $52,480Net Assets 2019: $1,570,4402019Assets 2020: $1,836,655Liabilities 2020: $47,969Net Assets 2020: $1,788,6862020Assets 2021: $2,390,990Liabilities 2021: $67,803Net Assets 2021: $2,323,1872021Assets 2022: $2,588,482Liabilities 2022: $64,064Net Assets 2022: $2,524,4182022Assets 2023: $3,143,007Liabilities 2023: $75,163Net Assets 2023: $3,067,8442023Assets 2024: $3,833,447Liabilities 2024: $703,859Net Assets 2024: $3,129,5882024Assets 2025: $3,466,138Liabilities 2025: $72,565Net Assets 2025: $3,393,5732025

Highlighted filing

2015

Assets$1,283,452
Liabilities$16,002
Net Assets$1,267,450

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,154,181Expenses 2011: $1,175,792Net Income 2011: -$21,6112011Revenue 2012: $1,182,308Expenses 2012: $1,270,540Net Income 2012: -$88,2322012Expenses 2013: $1,190,8612013Revenue 2014: $933,551Expenses 2014: $1,080,289Net Income 2014: -$146,7382014Revenue 2015: $1,247,089Expenses 2015: $1,077,470Net Income 2015: $169,6192015Revenue 2016: $1,079,622Expenses 2016: $1,027,768Net Income 2016: $51,8542016Revenue 2017: $1,179,946Expenses 2017: $1,071,299Net Income 2017: $108,6472017Revenue 2018: $1,225,775Expenses 2018: $1,077,008Net Income 2018: $148,7672018Revenue 2019: $1,129,146Expenses 2019: $1,135,424Net Income 2019: -$6,2782019Revenue 2020: $1,311,716Expenses 2020: $1,093,470Net Income 2020: $218,2462020Revenue 2021: $1,869,763Expenses 2021: $1,335,262Net Income 2021: $534,5012021Revenue 2022: $1,527,372Expenses 2022: $1,326,141Net Income 2022: $201,2312022Revenue 2023: $2,056,492Expenses 2023: $1,513,066Net Income 2023: $543,4262023Revenue 2024: $1,684,973Expenses 2024: $1,623,229Net Income 2024: $61,7442024Revenue 2025: $2,098,726Expenses 2025: $1,830,347Net Income 2025: $268,3792025

Highlighted filing

2015

Revenue$1,247,089
Expenses$1,077,470
Net Income$169,619
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Mar 21, 2016
Return Version
2014v6.0
Gross Receipts
$1,247,089
Mission and Program Overview

Mission

Transportaion to rural areas of somervell and hood counties in texas, enhancing access of persons to health care, employment and public services

Transportation to rural areas of Somervell and Hood Counties in Texas, enhancing access of persons to health care, employment and public services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,097,831$1,267,450▲ $169,619
Land, Buildings, and Equipment, Net$929,363$1,019,872▲ $90,509
Cash and Non-Interest-Bearing Accounts$98,961$189,929▲ $90,968
Pledges and Grants Receivable$52,435$46,005▼ $6,430
Accounts Receivable$33,930$27,646▼ $6,284
Total Assets$1,114,689$1,283,452▲ $168,763
Liabilities
Accounts Payable and Accrued Expenses$16,858$16,002▼ $856
Total Liabilities$16,858$16,002▼ $856
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,097,831$1,267,450▲ $169,619
Total Liabilities and Net Assets / Fund Balance$1,114,689$1,283,452▲ $168,763

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$291,620$553,336$844,956
Buildings$411,422$420,005$831,427
Land$311,201-$311,201
Equipment$5,629$274,942$280,571
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rick VillaChairman
J C CampbellVice Chairman
Allen SummersDirector
Butch BartonDirector
E K HufstedlerDirector
Jean FordDirector
Jimmy GosdinDirector
Laurel W PirkleDirector
Maurice EnglishDirector
Pam BakerDirector
Stephen FosterDirector
Jeanelle TuukParliamentarian
Windell RozelleSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$908,183
Program Service Revenue
$335,305
Investment Income
$602
Other Revenue
$2,999
All Other Contributions
$99,932
Change in Net Assets
$169,619

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,247,089
Total Revenue per Audited Statements
$1,247,089
Total Revenue per Form 990
$1,247,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$698,278
Other Expenses$379,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$358,342$148,547-$506,888
Other Employee Benefits$116,428$26,931-$143,359
Depreciation Depletion$128,953--$128,953
Payroll Taxes$35,039$12,992-$48,031
Insurance$18,694$10,219-$28,913
Information Technology$15,112$5,234-$20,346
Occupancy$13,765$2,910-$16,675
Other Expenses$8,346$1,635-$9,981
Fees for Services Accounting$741$5,825-$6,566
Advertising$3,583$2,228-$5,811
Travel$2,211$706-$2,917
All Other Expenses$342$1,618-$1,960
Office Expenses$1,471$123-$1,594
Total Functional Expenses$827,757$249,714$0$1,077,470

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,077,470
Total Expenses per Audited Statements$1,077,470
Total Expenses per Form 990$1,077,470
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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, Line 11B

Organizations process to Review Form 990. No review of the return is conducted.

Form 990, Part VI, Line 15A

Determination of Compensation The base salaries for each position including the General Manager are set by the Board of Directors.

Form 990, Part VI, Line 19

Disclosure Explanation As part of the Texas Public Information Act, the organization will provide upon request, any documents, policies or financial information.

Filing and Contact Details

Filer

Filer Name
The Transit System Inc
EIN
75-1871831
Phone
2548972964
Address
PO Box 332, Glen Rose, TX 76043

Signing Officer

Name
Derinda Long
Title
General Manager
Signed
2016-03-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derinda Long General Manager
Formed
1983
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
26

Preparer

Firm
Hanks and Company LLC
Address
700 4th St/PO Box 177, Blanco, TX 78606
Preparer
Elaine L Hanks CPA
Phone
8308335038
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line Line 4D

To provide public transporataion to rural areas of Somervell and Hood Counties, enhancing access of residents to health care, employment and other public services.

Form 990, Part I, Line 6

Volunteers perform Clerical work and are involved in Fundraising Activities

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IRS990/OtherExpensesGrp/Desc0Fuel and Oil
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Contract Services
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0707
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128418
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21621
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31635
IRS990/OtherExpensesGrp/ProgramServicesAmt090867
IRS990/OtherExpensesGrp/ProgramServicesAmt117518
IRS990/OtherExpensesGrp/ProgramServicesAmt216345
IRS990/OtherExpensesGrp/ProgramServicesAmt38346
IRS990/OtherExpensesGrp/TotalAmt091574
IRS990/OtherExpensesGrp/TotalAmt145936
IRS990/OtherExpensesGrp/TotalAmt217966
IRS990/OtherExpensesGrp/TotalAmt39981
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Advertising on Vehicle
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02999
IRS990/OtherRevenueTotalAmt02999
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0148547
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0358342
IRS990/OtherSalariesAndWagesGrp/TotalAmt0506888
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012992
IRS990/PayrollTaxesGrp/ProgramServicesAmt035039
IRS990/PayrollTaxesGrp/TotalAmt048031
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt052435
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt046005
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Derinda Long General Manager
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Charter/ Contract Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Passenger Revenue
IRS990/ProgramServiceRevenueGrp/Desc2Miscellaneous
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0290168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt143276
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21861
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0603047
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04285
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0381775
IRS990/PYOtherRevenueAmt04135
IRS990/PYProgramServiceRevenueAmt0322084
IRS990/PYRevenuesLessExpensesAmt0-146738
IRS990/PYSalariesCompEmpBnftPaidAmt0698514
IRS990/PYTotalExpensesAmt01080289
IRS990/PYTotalRevenueAmt0933551
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0169619
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0338304
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01097831
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01267450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01243488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0925131
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01203595
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01182209
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01075348
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05629771
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0102
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt083
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt099
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0129
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0488
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02999
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt014079
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02750
IRS990ScheduleA/OtherIncome170Grp/TotalAmt019828
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99640
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99590
IRS990ScheduleA/PublicSupportTotal170Amt05629771
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01243488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0925131
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01203595
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01182209
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01075348
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05629771
IRS990ScheduleA/TotalSupportAmt05650087
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0411422
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0420005
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0831427
IRS990ScheduleD/EquipmentGrp/BookValueAmt05629
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0274942
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0280571
IRS990ScheduleD/ExpensesSubtotalAmt01077470
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0311201
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0311201
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0291620
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0553336
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0844956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01247089
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01019872
IRS990ScheduleD/TotalExpensesPerForm990Amt01077470
IRS990ScheduleD/TotalRevenuePerForm990Amt01247089
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01247089
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01077470
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To provide public transporataion to rural areas of Somervell and Hood Counties, enhancing access of residents to health care, employment and other public services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Volunteers perform Clerical work and are involved in Fundraising Activities
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organizations process to Review Form 990. No review of the return is conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Determination of Compensation The base salaries for each position including the General Manager are set by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Disclosure Explanation As part of the Texas Public Information Act, the organization will provide upon request, any documents, policies or financial information.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line Line 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part I, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01114689
IRS990/TotalAssetsEOYAmt01283452
IRS990/TotalAssetsGrp/BOYAmt01114689
IRS990/TotalAssetsGrp/EOYAmt01283452
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0908183
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.47$0.07$3.39$2.10$1.83$0.27
2024Detailed filing. Detailed filing data is available for this year.$3.83$0.70$3.13$1.68$1.62$0.06
2023Detailed filing. Detailed filing data is available for this year.$3.14$0.08$3.07$2.06$1.51$0.54
2022Detailed filing. Detailed filing data is available for this year.$2.59$0.06$2.52$1.53$1.33$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.07$2.32$1.87$1.34$0.53
2020Detailed filing. Detailed filing data is available for this year.$1.84$0.05$1.79$1.31$1.09$0.22
2019Detailed filing. Detailed filing data is available for this year.$1.62$0.05$1.57$1.13$1.14$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.64$0.06$1.58$1.23$1.08$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.48$0.05$1.43$1.18$1.07$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.36$0.04$1.32$1.08$1.03$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.02$1.27$1.25$1.08$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.11$0.02$1.10$0.93$1.08$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.03$1.24$1.19
2012Summary only. Only limited summary data is available for this year.$1.28$0.06$1.22$1.18$1.27$0.09
2011Summary only. Only limited summary data is available for this year.$1.35$0.04$1.31$1.15$1.18$0.02