Advance Transit Inc
Advance Transit Inc: Steady Growth and Strong Program Focus in Public Transportation
EIN: 222558708 · Wilder, VT · NTEE: W40Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $9.0M |
| Total Expenses | $7.2M |
| Program Spending | 80% |
| Net Assets | $18.3M |
| Transparency Score | 85/100 |
Is Advance Transit Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Advance Transit Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Advance Transit Inc
Advance Transit Inc (EIN: 222558708) is a nonprofit organization based in Wilder, VT, classified under NTEE code W40Z. The organization reported total revenue of $9.0M and total assets of $19.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Advance Transit Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Advance Transit Inc is a mid-size nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $7.2M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $18.7M |
| Total Liabilities | $358K |
| Net Assets | $18.3M |
| Operating Margin | 17.2% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 31.2 months |
Financial Health Grade: A
In 2023, Advance Transit Inc reported a surplus of $1.5M with revenue exceeding expenses, holds 31.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Advance Transit Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | +18.0% | +9.3% |
| 2022 | +9.2% | -4.3% | +6.2% |
| 2021 | +11.8% | +3.8% | +5.7% |
| 2020 | -23.4% | +12.4% | +7.8% |
| 2019 | +25.3% | +12.0% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Advance Transit Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Advance Transit Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries or benefits.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Advance Transit Inc:
- Consistent revenue growth from $4.6 million in 2016 to $9 million in 2023 demonstrates increasing support and operational capacity.
- Strong asset growth over the years, indicating robust financial health and investment in infrastructure or services.
- Low liabilities relative to assets, suggesting a healthy balance sheet and responsible financial management.
Frequently Asked Questions about Advance Transit Inc
Is Advance Transit Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Advance Transit Inc (EIN: 222558708) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Advance Transit Inc spend its money?
Advance Transit Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Advance Transit Inc tax-deductible?
Advance Transit Inc is registered as a tax-exempt nonprofit (EIN: 222558708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Advance Transit Inc's spending goes to programs?
Advance Transit Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Advance Transit Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Advance Transit Inc is above average for NTEE category W40Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Advance Transit Inc located?
Advance Transit Inc is headquartered in Wilder, Vermont and files with the IRS under EIN 222558708. It is classified under NTEE code W40Z.
How many years of IRS 990 filings does Advance Transit Inc have?
Advance Transit Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.0M in total revenue.
What does Advance Transit Inc do?
Advance Transit Inc is a nonprofit organization in the Public & Society Benefit sector, located in Wilder, Vermont. It is classified under NTEE code W40Z.
How much revenue does Advance Transit Inc have?
Advance Transit Inc reported total revenue of $9,004,490. Based on 12 IRS 990 filings on record.
What are Advance Transit Inc's total assets?
Advance Transit Inc holds total assets of $19,421,563 as reported in IRS 990 filings.
Where is Advance Transit Inc located?
Advance Transit Inc is based in Wilder, Vermont.
What is Advance Transit Inc's EIN?
Advance Transit Inc's Employer Identification Number (EIN) is 222558708. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Advance Transit Inc?
Advance Transit Inc is classified under NTEE code W40Z (Public & Society Benefit).
Is Advance Transit Inc a registered 501(c)(3)?
Yes, Advance Transit Inc is recognized as a tax-exempt organization by the IRS. EIN: 222558708.
Does Advance Transit Inc file IRS Form 990?
Yes, Advance Transit Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Advance Transit Inc's revenue in 2023?
In the 202306 filing period, Advance Transit Inc reported total revenue of $8,660,374, total expenses of $7,173,802, and net assets of $18,671,790.
Is Advance Transit Inc's revenue growing or declining?
Advance Transit Inc's revenue is growing. Revenue went from $7,862,543 (202206) to $8,660,374 (202306), a +10.1% change. Based on 12 filings on record.
What is Advance Transit Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Advance Transit Inc covers tax period 202306. It shows revenue of $8,660,374, expenses of $7,173,802, total assets of $18,671,790, and liabilities of $358,128.
How much does Advance Transit Inc spend on programs vs administration?
Based on IRS 990 analysis, Advance Transit Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Advance Transit Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Advance Transit Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Advance Transit Inc's strengths?
Positive indicators for Advance Transit Inc include: Consistent revenue growth from $4.6 million in 2016 to $9 million in 2023 demonstrates increasing support and operational capacity.. Strong asset growth over the years, indicating robust financial health and investment in infrastructure or services.. Low liabilities relative to assets, suggesting a healthy balance sheet and responsible financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Advance Transit Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries or benefits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Advance Transit Inc manage to maintain 0% lobbying costs despite operating in a sector often reliant on government funding and policy?
The consistent reporting of 0% lobbying costs suggests that Advance Transit Inc may primarily secure funding through direct grants, contracts, or local government allocations that do not require extensive lobbying efforts, or they may rely on industry associations for advocacy.
Given the consistent growth in assets and revenue, what specific strategic initiatives or community needs have driven this expansion for Advance Transit Inc?
While the data shows financial growth, the specific drivers are not detailed. However, consistent growth in assets and revenue for a public transit organization often indicates successful expansion of routes, increased ridership, or significant capital investments in new vehicles or facilities to meet growing community demand.
Filing History
IRS 990 filing history for Advance Transit Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Advance Transit Inc's revenue has grown by 104.9%, moving from $4.2M to $8.7M. Total assets increased by 95.9% over the same period, from $9.5M to $18.7M. Total functional expenses rose by 57.7%, from $4.5M to $7.2M. In its most recent filing year (2023), Advance Transit Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $358K in liabilities against $18.7M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $18.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $7.2M | $18.7M | $358K | — | View 990 |
| 2022 | $7.9M | $6.1M | $17.1M | $255K | — | View 990 |
| 2021 | $7.2M | $6.4M | $16.1M | $1.0M | — | — |
| 2020 | $6.4M | $6.1M | $15.2M | $1.0M | — | View 990 |
| 2019 | $8.4M | $5.4M | $14.1M | $228K | — | View 990 |
| 2018 | $6.7M | $4.9M | $11.2M | $263K | — | — |
| 2017 | $5.5M | $4.8M | $9.4M | $262K | — | View 990 |
| 2016 | $4.7M | $4.8M | $8.7M | $281K | — | View 990 |
| 2015 | $4.4M | $5.0M | $8.8M | $214K | — | View 990 |
| 2014 | $4.3M | $4.7M | $9.2M | $284K | — | View 990 |
| 2013 | $4.8M | $4.6M | $9.6M | $264K | — | View 990 |
| 2012 | $4.2M | $4.5M | $9.5M | $353K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $7.2M, and assets of $18.7M (revenue +10.1% year-over-year).
- 2022: Revenue of $7.9M, expenses of $6.1M, and assets of $17.1M (revenue +9.2% year-over-year).
- 2021: Revenue of $7.2M, expenses of $6.4M, and assets of $16.1M (revenue +11.8% year-over-year).
- 2020: Revenue of $6.4M, expenses of $6.1M, and assets of $15.2M (revenue -23.4% year-over-year).
- 2019: Revenue of $8.4M, expenses of $5.4M, and assets of $14.1M (revenue +25.3% year-over-year).
- 2018: Revenue of $6.7M, expenses of $4.9M, and assets of $11.2M (revenue +22.1% year-over-year).
- 2017: Revenue of $5.5M, expenses of $4.8M, and assets of $9.4M (revenue +16.9% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.8M, and assets of $8.7M (revenue +6.9% year-over-year).
- 2015: Revenue of $4.4M, expenses of $5.0M, and assets of $8.8M (revenue +1.6% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.7M, and assets of $9.2M (revenue -10.3% year-over-year).
- 2013: Revenue of $4.8M, expenses of $4.6M, and assets of $9.6M (revenue +13.8% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.5M, and assets of $9.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Advance Transit Inc:
Data Sources and Methodology
This transparency report for Advance Transit Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.