Transit Alliance Group Inc
- Assets
- $2.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chatsworth, GA
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 46-2005705
Organization Overview
Transit Alliance Group Inc is located in Chatsworth, GA. The organization was established in 2015. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transit Alliance Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Transit Alliance Group Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP & IMPLEMENT MODELS OF TRANSIT SERVICES THAT ARE INNOVATIVE, COST-EFFECTIVE, & REPLICABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAG'S CONTRACT WITH THE GA DEPT OF HUMAN SERVICES IS FOR ONE-YEAR WITH ANNUAL APPLICATION (TO DHS) FOR RENEWAL AND CONTINUATION OF HUMAN SERVICES TRANSPORTATION. THE RENEWAL APPLICATION REQUIRES THAT TAG SUBMIT A COST PROPOSAL (FOR DETERMINATION OF PER-TRIP RATES FOR THE UPCOMING FISCAL YEAR) PRIOR TO THE BEGINNING OF THAT YEAR. THE COST PROPOSAL IS SUBMITTED TO JUSTIFY THE FULLY ALLOCATED COST OF SERVICE PROVISION BASED ON DHS' REQUESTS FOR SERVICE AND THE ACTUAL COSTS OF SERVICE PROVISION FROM THE PREVIOUS YEAR
TAG'S REGION ONE RATES HISTORICALY HAD BEEN VERY LOW; CONSEQUENTLY RATES DID NOT COVER THE FULLY ALLOCATED COST FOR PROVISION OF THE HUMAN SERVICES TRIPS. TAG SUBMITTED A COST PROPOSAL FOR FY 23 WITH A MINIMAL INCREASE; HOWEVER, DHS RESPONDED WITH A SIGNIFICANT INCREASE IN THE REGION ONE TRIP RATE AND WHEN QUESTIONED (BY TAG), DHS ADVISED THAT THE INCREASED TRIP RATE WAS TO GET REGION ONE IN LINE WITH THE OTHER DHS REGIONS IN THE STATE.
BEGINNING JULY 1 ,2022 (FY23), TAG'S REGION ONE PER-TRIP RATE INCREASED EXPODENTENTIALLY FROM $9.50 AND $12.35 TO $22.00 PER TRIP ACROSS THE BOARD REGARDLESS OF SERVICE OR TRIP TYPE. THE LAST HALF OF 2022 (JULY-DECEMBER 2022) THE PER-TRIP RATE INCREASE YIELDED A 67.59% INCREASE IN REVENUE OF THE FIRST HALF OF THE CALENDER YEAR (JANUARY 2022-JUNE 2022). THIS WAS A SUBSTANTIAL REVENUE INCREASE FOR TAG AND THE REGION ONE SUBCONTRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Hurst Vice Chair | Officer | 40 | $0 |
Ornetta Slaughter Secretary | Officer | 2 | $0 |
Allen Feather Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,612,513 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,612,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $196,568 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,671 |
| Fees for services: Management | $2,341 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,881 |
| Information technology | $525 |
| Royalties | $0 |
| Occupancy | $18,248 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,889 |
| Insurance | $23,423 |
| All other expenses | $0 |
| Total functional expenses | $3,393,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,707,480 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $412,592 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,281 |
| Total assets | $2,125,116 |
| Accounts payable and accrued expenses | $354,687 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,139 |
| Total liabilities | $458,826 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,666,290 |
| Total liabilities and net assets/fund balances | $2,125,116 |