Civic Intelligence

Mat-Su Community Transit

990 • Fiscal year 2024 • EIN 92-0166625

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 06, 2024

Organization ProfileWWW.VALLEYTRANSITAK.ORG

View Organization Page

225 W Riley AveWasilla, AK 99654

(907) 376-5000

Siviq Scores

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

Liabilities / Assets

29th percentile

0.03x

Higher debt load relative to assets than 29% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.06x

Higher debt load relative to revenue than 30% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

56th percentile

$143,422

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

8th percentile

-14%

Faster asset growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-66%

Faster revenue growth than 3% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$5,256,162

Down $827,765 (-14%) from 2023

Net Assets

Down

$5,113,058

Down $858,445 (-14%) from 2023

Liabilities

Up

$143,104

Up $30,680 (+27%) from 2023

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin10th percentile

Revenue

Down

$2,300,424

Down $4,449,268 (-66%) from 2023

Expenses

Up

$2,952,966

Up $724,562 (+33%) from 2023

Net Income

Down

-$652,542

Down $5,173,830 (-114%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,231,858Liabilities 2011: $39,057Net Assets 2011: $1,192,8012011Assets 2012: $1,216,396Liabilities 2012: $196,880Net Assets 2012: $1,019,5162012Assets 2013: $1,046,642Liabilities 2013: $136,400Net Assets 2013: $910,2422013Assets 2014: $796,066Liabilities 2014: $218,085Net Assets 2014: $577,9812014Assets 2015: $471,196Liabilities 2015: $141,681Net Assets 2015: $329,5152015Assets 2016: $383,892Liabilities 2016: $98,574Net Assets 2016: $285,3182016Assets 2017: $355,063Liabilities 2017: $69,327Net Assets 2017: $285,7362017Assets 2018: $828,087Liabilities 2018: $129,057Net Assets 2018: $699,0302018Assets 2019: $917,627Liabilities 2019: $89,752Net Assets 2019: $827,8752019Assets 2020: $1,043,345Liabilities 2020: $126,731Net Assets 2020: $916,6142020Assets 2021: $1,512,022Liabilities 2021: $101,695Net Assets 2021: $1,410,3272021Assets 2022: $1,983,601Liabilities 2022: $449,477Net Assets 2022: $1,534,1242022Assets 2023: $6,083,927Liabilities 2023: $112,424Net Assets 2023: $5,971,5032023Assets 2024: $5,256,162Liabilities 2024: $143,104Net Assets 2024: $5,113,0582024

Highlighted filing

2024

Assets$5,256,162
Liabilities$143,104
Net Assets$5,113,058
Open 2024 Filing

Operations Trend

Revenue Growth3rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,268,751Expenses 2011: $1,459,805Net Income 2011: -$191,0542011Revenue 2012: $1,447,107Expenses 2012: $1,620,392Net Income 2012: -$173,2852012Expenses 2013: $1,611,2792013Revenue 2014: $1,016,746Expenses 2014: $1,349,007Net Income 2014: -$332,2612014Revenue 2015: $867,647Expenses 2015: $1,116,113Net Income 2015: -$248,4662015Revenue 2016: $783,607Expenses 2016: $826,244Net Income 2016: -$42,6372016Revenue 2017: $688,029Expenses 2017: $687,611Net Income 2017: $4182017Revenue 2018: $1,707,706Expenses 2018: $1,577,185Net Income 2018: $130,5212018Revenue 2019: $1,673,927Expenses 2019: $1,545,082Net Income 2019: $128,8452019Revenue 2020: $1,798,627Expenses 2020: $1,709,888Net Income 2020: $88,7392020Revenue 2021: $1,879,229Expenses 2021: $1,760,353Net Income 2021: $118,8762021Revenue 2022: $2,143,235Expenses 2022: $1,935,529Net Income 2022: $207,7062022Revenue 2023: $6,749,692Expenses 2023: $2,228,404Net Income 2023: $4,521,2882023Revenue 2024: $2,300,424Expenses 2024: $2,952,966Net Income 2024: -$652,5422024

Highlighted filing

2024

Revenue$2,300,424
Expenses$2,952,966
Net Income-$652,542
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 6, 2024
Return Version
2023v5.0
Gross Receipts
$2,300,424
Mission and Program Overview

Mission

Provide public transportation to the matanuska-susitna community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,343,412$3,744,535▼ $598,877
Pledges and Grants Receivable$1,029,862$1,014,636▼ $15,226
Cash and Non-Interest-Bearing Accounts$231,712$178,035▼ $53,677
Intangible Assets$67,078$177,970▲ $110,892
Prepaid Expenses and Deferred Charges$406,807$139,940▼ $266,867
Savings and Temporary Cash Investments$5,056$1,032▼ $4,024
Accounts Receivable-$14-
Total Assets$6,083,927$5,256,162▼ $827,765
Liabilities
Accounts Payable and Accrued Expenses$112,424$143,104▲ $30,680
Total Liabilities$112,424$143,104▲ $30,680
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,719,776$4,945,240▼ $774,536
Net Assets With Donor Restrictions$251,727$167,818▼ $83,909
Total Net Assets Fund Balance$5,971,503$5,113,058▼ $858,445
Total Liabilities and Net Assets / Fund Balance$6,083,927$5,256,162▼ $827,765

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,501,470$1,289,999$4,791,469
Equipment$236,327$460,776$697,103
Buildings$6,738$69,404$76,142
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer BuschExecutive DiFT$118,174$25,248$143,422

Board Members and Trustees

NameTitle
Paul BeerPresident
Bryan GearyDirector
F Steven MahoneyDirector
Norman BouchardDirector
Robert WaldenDirector
Benjamin ColemanTreasurer/se
Margaret BillingerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,073,940
Program Service Revenue
$226,271
Investment Income
$213
Other Revenue
$0
All Other Contributions
$50,720
Change in Net Assets
$-652,542

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,300,424
Revenue Not Reported on Form 990
$54,121
Total Revenue per Audited Statements
$2,354,545
Total Revenue per Form 990
$2,300,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,591,033
Salaries, Compensation, and Employee Benefits$1,361,933
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$744,280$314,769-$1,059,049
Depreciation Depletion$748,236--$748,236
Other Employee Benefits$113,254$86,213-$199,467
Occupancy$161,765$17,953-$179,718
Insurance$161,940$4,804-$166,744
Information Technology$113,081--$113,081
Payroll Taxes$104,775$-1,358-$103,417
Advertising-$19,715-$19,715
Office Expenses-$18,116-$18,116
Fees for Services Accounting-$13,758-$13,758
Other Expenses$4,330$7,585-$4,330
All Other Expenses$4,239--$4,239
Total Functional Expenses$2,471,411$481,555$0$2,952,966

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,090,996
Expenses per Audited Statements$2,952,966
Total Expenses per Form 990$2,952,966
Expenses Not Reported on Form 990$138,030
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
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, Page 6, Part VI, Line 11B

“Executive director and board review.”

Form 990, Page 6, Part VI, Line 12C

“Statements are reviewed at least annually by the board of directors.”

Form 990, Page 6, Part VI, Line 15A

“Board of directors review compensation of executive director annually.”

Form 990, Page 6, Part VI, Line 15B

“Board of directors review compensation of executive director annually.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Valley Transit
EIN
92-0166625
Phone
9073765000
Address
225 W RILEY AVE, WASILLA, AK 99654

Signing Officer

Name
Jennifer Busch
Title
Executive Director
Phone
9073765000
Signed
2024-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Beer
Formed
1999
Legal Domicile
Ak
Voting Board Members
7
Independent Board Members
7
Employees
35

Preparer

Firm
Porter & Allison Inc
Address
18701 DENMARK CIR, ANCHORAGE, AK 99516
Preparer
David Porter
Phone
9077702727
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Audit was not yet completed at the time of filing for the prior year.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization applies the provisions of topic 740 of the fasb asc relating to accounting for uncertainty in income taxes. The organization believes that it has appropriate support for any tax positions taken, and as does not believe that it has any uncertain tax positions that are material to the financial statements which would require disclosure or adjustment.”

Raw XML Appendix400 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01585371
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014078487
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0213
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0791462
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IRS990ScheduleA/PublicSupportPY170Pct00.99990
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01876264
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01585371
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014078487
IRS990ScheduleA/TotalSupportAmt014079745
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt06738
IRS990ScheduleD/BuildingsGrp/DepreciationAmt069404
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt076142
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt054121
IRS990ScheduleD/DonatedServicesUseFcltsAmt0138030
IRS990ScheduleD/EquipmentGrp/BookValueAmt0236327
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0460776
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0697103
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04791469
IRS990ScheduleD/RevenueNotReportedAmt054121
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION APPLIES THE PROVISIONS OF TOPIC 740 OF THE FASB ASC RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS WHICH WOULD REQUIRE DISCLOSURE OR ADJUSTMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03744535
IRS990ScheduleD/TotalExpensesPerForm990Amt02952966
IRS990ScheduleD/TotalRevenuePerForm990Amt02300424
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR AND BOARD REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STATEMENTS ARE REVIEWED AT LEAST ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEW COMPENSATION OF EXECUTIVE DIRECTOR ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS REVIEW COMPENSATION OF EXECUTIVE DIRECTOR ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AUDIT WAS NOT YET COMPLETED AT THE TIME OF FILING FOR THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0481555
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02471411
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IRS990/TotalLiabilitiesGrp/BOYAmt0112424
IRS990/TotalLiabilitiesGrp/EOYAmt0143104
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05971503
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IRS990/TotalOtherCompensationAmt025248
IRS990/TotalProgramServiceExpensesAmt02471411
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0225 W RILEY AVE
IRS990/USAddress/CityNm0WASILLA
IRS990/USAddress/StateAbbreviationCd0AK
IRS990/USAddress/ZIPCd099654
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://WWW.VALLEYTRANSITAK.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER BUSCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09073765000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY TRANSIT
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0920166625
ReturnHeader/Filer/PhoneNum09073765000
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 W RILEY AVE
ReturnHeader/Filer/USAddress/CityNm0WASILLA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AK
ReturnHeader/Filer/USAddress/ZIPCd099654
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PORTER & ALLISON INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018701 DENMARK CIR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANCHORAGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd099516
ReturnHeader/PreparerPersonGrp/PhoneNum09077702727
ReturnHeader/PreparerPersonGrp/PreparationDt02024-12-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID PORTER
ReturnHeader/ReturnTs02024-12-13T15:17:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,256,162
Liabilities
$143,104
Net assets
$5,113,058
Revenue
$2,300,424
Expenses
$2,952,966
Net income
-$652,542
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.26$0.14$5.11$2.30$2.95$0.65
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.08$0.11$5.97$6.75$2.23$4.52
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.45$1.53$2.14$1.94$0.21
2021Detailed filing. Detailed filing data is available for this year.$1.51$0.10$1.41$1.88$1.76$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.04$0.13$0.92$1.80$1.71$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.09$0.83$1.67$1.55$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.83$0.13$0.70$1.71$1.58$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.07$0.29$0.69$0.69$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.10$0.29$0.78$0.83$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.14$0.33$0.87$1.12$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.80$0.22$0.58$1.02$1.35$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.14$0.91$1.61
2012Summary only. Only limited summary data is available for this year.$1.22$0.20$1.02$1.45$1.62$0.17
2011Summary only. Only limited summary data is available for this year.$1.23$0.04$1.19$1.27$1.46$0.19