Tompkins Consolidated Area Transit Inc

Tompkins Consolidated Area Transit consistently allocates nearly all revenue to public transportation services with no reported officer compensation.

EIN: 201549485 · Ithaca, NY · NTEE: W40 · Updated: 2026-03-28

$37.5MRevenue

$48.4MAssets

90/100Mission Score (Excellent)

W40

About Tompkins Consolidated Area Transit Inc

Tompkins Consolidated Area Transit Inc (EIN: 201549485) is a nonprofit organization based in Ithaca, NY, classified under NTEE code W40. The organization reported total revenue of $37.5M and total assets of $48.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tompkins Consolidated Area Transit Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Tompkins Consolidated Area Transit Inc (TCAT) demonstrates consistent financial operations as a public transit provider. Over the past decade, TCAT has shown steady growth in both revenue and assets, with revenue increasing from $13.85 million in 2014 to $21.07 million in 2023. The organization consistently expends nearly all its revenue on its programs, indicating a strong focus on its mission of providing transportation services. For instance, in 2023, expenses were $20.60 million against revenues of $21.07 million, showing efficient use of funds.

TCAT's financial health appears stable, with assets consistently exceeding liabilities. In 2023, assets stood at $41.26 million against liabilities of $13.73 million, indicating a healthy balance sheet. The organization's NTEE code (W40 - Mass Transit and Commuter Transportation) aligns well with its operational data, suggesting a clear programmatic focus. The absence of reported officer compensation across all filings further enhances its transparency and commitment to directing funds towards its public service mission.

While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the overall expenditure patterns suggest that the vast majority of funds are directly applied to operational costs associated with providing transit services. This operational efficiency, combined with no reported officer compensation, points to a well-managed and mission-driven organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Tompkins Consolidated Area Transit Inc with a Mission Score of 90 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: 2%
programs: 98%
fundraising: 0%

According to IRS 990 filings, Tompkins Consolidated Area Transit Inc allocates its expenses as follows: admin: 2%, programs: 98%, fundraising: 0%. With 98% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Tompkins Consolidated Area Transit Inc reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of its size with annual revenues exceeding $20 million.

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.

Red Flags

The following concerns were identified during AI analysis of Tompkins Consolidated Area Transit Inc's IRS 990 filings:

Lack of detailed breakdown for program, administrative, and fundraising expenses in summary data (though overall spending is high for programs)
Unusual 0% officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or structured.

Strengths

The following positive indicators were identified for Tompkins Consolidated Area Transit Inc:

Strong program spending ratio (expenses consistently close to revenue, indicating direct mission focus)
Consistent growth in revenue and assets over the past decade
Healthy asset-to-liability ratio, indicating financial stability
No reported officer compensation, suggesting high efficiency and dedication of funds to public service
Clear alignment with NTEE code (Mass Transit) and operational data

Frequently Asked Questions about Tompkins Consolidated Area Transit Inc

Is Tompkins Consolidated Area Transit Inc a good charity?

Based on the provided financial data, TCAT appears to be a highly efficient and mission-focused organization. It consistently spends nearly all its revenue on its programs, maintains a healthy balance sheet, and reports no officer compensation, all of which are strong indicators of a well-managed public service entity.

How does TCAT manage its executive compensation?

TCAT reports 0% officer compensation in all available IRS 990 filings, suggesting that its leadership either serves without compensation or compensation is categorized differently, which is a notable aspect of its financial structure.

What is TCAT's financial trend over the last decade?

Over the last decade, TCAT has shown consistent growth in revenue, from $13.85 million in 2014 to $21.07 million in 2023, and a steady increase in assets, from $16.98 million to $41.26 million, indicating stable financial health and expansion.

Does TCAT have sufficient assets to cover its liabilities?

Yes, TCAT consistently maintains a strong asset-to-liability ratio. For example, in 2023, assets were $41.26 million while liabilities were $13.73 million, demonstrating a healthy financial position.

Filing History

IRS 990 filing history for Tompkins Consolidated Area Transit Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Tompkins Consolidated Area Transit Inc's revenue has grown by 57.6%, moving from $13.4M to $21.1M. Total assets increased by 128% over the same period, from $18.1M to $41.3M. Total functional expenses rose by 40.5%, from $14.7M to $20.6M. In its most recent filing year (2023), Tompkins Consolidated Area Transit Inc reported a surplus of $472K, with revenue exceeding expenses. The organization holds $13.7M in liabilities against $41.3M in assets (debt-to-asset ratio: 33.3%), resulting in net assets of $27.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$21.1M	$20.6M	$41.3M	$13.7M	—	—
2022	$18.5M	$19.8M	$39.6M	$12.5M	—	View 990
2021	$21.2M	$18.3M	$39.3M	$10.9M	—	View 990
2020	$21.1M	$17.3M	$35.6M	$10.1M	—	View 990
2019	$23.5M	$18.9M	$30.2M	$8.5M	—	View 990
2018	$20.4M	$17.9M	$22.6M	$5.4M	—	View 990
2017	$15.5M	$15.7M	$16.5M	$1.9M	—	—
2016	$18.0M	$15.5M	$18.4M	$3.6M	—	View 990
2015	$15.5M	$14.5M	$14.9M	$2.7M	—	View 990
2014	$13.9M	$14.7M	$17.0M	$5.7M	—	View 990
2013	$13.3M	$14.8M	$16.8M	$4.7M	—	View 990
2012	$13.4M	$14.7M	$18.1M	$4.5M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $21.1M, expenses of $20.6M, and assets of $41.3M (revenue +14.1% year-over-year).
2022: Revenue of $18.5M, expenses of $19.8M, and assets of $39.6M (revenue -12.7% year-over-year).
2021: Revenue of $21.2M, expenses of $18.3M, and assets of $39.3M (revenue +0.5% year-over-year).
2020: Revenue of $21.1M, expenses of $17.3M, and assets of $35.6M (revenue -10.3% year-over-year).
2019: Revenue of $23.5M, expenses of $18.9M, and assets of $30.2M (revenue +15.0% year-over-year).
2018: Revenue of $20.4M, expenses of $17.9M, and assets of $22.6M (revenue +31.2% year-over-year).
2017: Revenue of $15.5M, expenses of $15.7M, and assets of $16.5M (revenue -13.7% year-over-year).
2016: Revenue of $18.0M, expenses of $15.5M, and assets of $18.4M (revenue +15.9% year-over-year).
2015: Revenue of $15.5M, expenses of $14.5M, and assets of $14.9M (revenue +12.3% year-over-year).
2014: Revenue of $13.9M, expenses of $14.7M, and assets of $17.0M (revenue +4.0% year-over-year).
2013: Revenue of $13.3M, expenses of $14.8M, and assets of $16.8M (revenue -0.4% year-over-year).
2012: Revenue of $13.4M, expenses of $14.7M, and assets of $18.1M.

Data Sources and Methodology

This transparency report for Tompkins Consolidated Area 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.