Ride Solution Inc
- Assets
- $3.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 33
- Location
- Palatka, FL
- Founding
- 10/1984
- Data as of
- 06/2022
- EIN
- 59-2443380
Organization Overview
Ride Solution Inc is located in Palatka, FL. The organization was established in 1984. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. As of 06/2022, Ride Solution Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ride Solution 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 06/2022, Ride Solution Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 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
THE ORGANIZATION WAS FORMED TO PROVIDE DEPENDABLE AND AFFORDABLE TRANSPORTATION SERVICES TO INDIVIDUALS RESIDING IN THEIR SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ADDITIONAL DATA
THE ORGANIZATION PROVIDED TRANSPORTATION SERVICES TO DISABLED, POOR, AND AGED CITIZENS IN AND AROUND PALATKA, FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boyd Thompson Executive Di | Officer | 1 | $0 |
Wanda Nye Board Member | Trustee | 1 | $0 |
Nancy Harris Board Member | Trustee | 1 | $0 |
Mary Garcia Board Member | Trustee | 1 | $0 |
Aaron Robinson Board Member | Trustee | 1 | $0 |
Wayne Mcclain Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,711,377 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,741,377 |
| Total Program Service Revenue | $420,234 |
| Investment income | $1,394 |
| 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 | $3,163,005 |
| 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 | $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 | $992,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,540 |
| Payroll taxes | $49,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $24,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,459 |
| Travel | $5,922 |
| 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 | $527,553 |
| Insurance | $450,327 |
| All other expenses | $10,859 |
| Total functional expenses | $2,792,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,865 |
| Savings and temporary cash investments | $147,951 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $880,140 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,508 |
| Prepaid expenses and deferred charges | $76,530 |
| Net Land, buildings, and equipment | $1,665,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,947,125 |
| Accounts payable and accrued expenses | $164,566 |
| 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 | $0 |
| Total liabilities | $164,566 |
| Net assets without donor restrictions | $3,782,559 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,947,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Bend Transit Inc Tallahassee, FL | $11,272,025 | $5,429,818 |
Student Transport Inc College Park, GA | $6,481,074 | $5,124,740 |
Ride Solution Inc Palatka, FL | $3,947,125 | $3,163,005 |
Common Courtesy Inc Atlanta, GA | $1,181,301 | $2,903,517 |
Transit Alliance Group Inc Chatsworth, GA | $1,516,616 | $1,526,515 |
Self-Reliance Inc Tampa, FL | $674,753 | $920,018 |
Wheels Of Success Inc Tampa, FL | $398,642 | $602,771 |
Indian River County Volunteer Ambulance Squad Inc Vero Beach, FL | $2,805,221 | $508,341 |
Itnsarasota Inc Sarasota, FL | $0 | $44,745 |
I Care Inc Decatur, GA | $55,022 | $0 |
Itnorlando Tm Inc Winter Park, FL | $1 | $0 |
Freedom To Go Inc Pensacola, FL | $20,195 | $0 |