Smart Transportation Division Metropolitan Transportation Author is located in Irwindale, CA. The organization was established in 1973. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 09/2023, Smart Transportation Division Metropolitan Transportation Author employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smart Transportation Division Metropolitan Transportation Author is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2023, Smart Transportation Division Metropolitan Transportation Author generated $74.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $85.8m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH BENEFITS TO EMPLOYEES OF THE METROPOLITAN TRANSIT AUTHORITY (MTA).
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH BENEFITS TO EMPLOYEES OF THE METROPOLITAN TRANSIT AUTHORITY (MTA).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eddie Gonzalez Administrator | Officer | 40 | $213,303 |
John Cabanas Trustee | Trustee | 3 | $1,400 |
Edgar Menendez Trustee | Trustee | 3 | $1,400 |
Jaime Delgadillo Trustee | Trustee | 3 | $1,400 |
John Ellis Trustee | Trustee | 3 | $1,400 |
Quintin Wormley Trustee | Trustee | 3 | $1,400 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Health Services Benefit Administr Claims Processing | 9/29/23 | $232,340 |
Miller Kaplan Arase Llp Audit & Accounting | 9/29/23 | $122,878 |
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 | $71,355,145 |
Investment income | $4,219,013 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $133,800 |
Net Gain/Loss on Asset Sales | -$950,733 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $74,757,225 |
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 | $0 |
Benefits paid to or for members | $83,918,852 |
Compensation of current officers, directors, key employees. | $280,160 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $381,989 |
Pension plan accruals and contributions | $37,420 |
Other employee benefits | $0 |
Payroll taxes | $40,156 |
Fees for services: Management | $0 |
Fees for services: Legal | $71,645 |
Fees for services: Accounting | $122,878 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $228,767 |
Fees for services: Other | $322,245 |
Advertising and promotion | $0 |
Office expenses | $125,314 |
Information technology | $50,353 |
Royalties | $0 |
Occupancy | $64,042 |
Travel | $287 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $38,439 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $12,953 |
Insurance | $39,302 |
All other expenses | $0 |
Total functional expenses | $85,809,753 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $178,634 |
Savings and temporary cash investments | $33,897,896 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,371,630 |
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 | $900,730 |
Investments—publicly traded securities | $74,672,431 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $112,021,321 |
Accounts payable and accrued expenses | $395,701 |
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 | $2,470,409 |
Total liabilities | $2,866,110 |
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 | $109,155,211 |
Total liabilities and net assets/fund balances | $112,021,321 |