Texoma Area Paratransit System Inc
- Assets
- $3.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman, TX
- Founding
- 12/1986
- Data as of
- 09/2022
- EIN
- 75-2127267
Organization Overview
Texoma Area Paratransit System Inc is located in Sherman, TX. The organization was established in 1986. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texoma Area Paratransit System 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 09/2022, Texoma Area Paratransit System Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $3.2m during the year ending 09/2022. 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 PROVIDE SAFE, DEPENDABLE AND AFFORDABLE TRANSPORTATION FOR PERSONS WHO DEPEND ON PUBLIC TRANSPORTATION IN THEIR SERVICE AREA, PRIMARILY TO MEET THE HEALTH AND SOCIAL WELL BEING OF THE ELDERLY, HANDICAPPED AND DISADVANTAGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAPS PROVIDES SAFE AND DEPENDABLE PUBLIC TRANSPORTATION SERVICE TO ALL RESIDENTS IN THEIR SERVICE AREA, PRIMARILY TO MEET THE HEALTH AND WELL BEING OF THE ELDERLY, HANDICAPPED AND DISADVANTAGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Magers Chairman | Trustee | 0 | $0 |
Dean Lackey Director | Trustee | 0 | $0 |
JD Clark Director | Trustee | 0 | $0 |
Mike Campbell Director | Trustee | 0 | $0 |
Leon Klement Vice-Chairman | Trustee | 0 | $0 |
James Thorne Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,983,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,525 |
| Noncash contributions included in lines 1a–1f | $16,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,217,745 |
| Total Program Service Revenue | $41,931 |
| 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 | $3,262,902 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,496,235 |
| Fees for services: Legal | $356 |
| 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 | $200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,350 |
| 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 | $473,918 |
| Insurance | $19,010 |
| All other expenses | $25,218 |
| Total functional expenses | $3,240,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,492 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $514,211 |
| Accounts receivable, net | $1,908 |
| 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 | $19,424 |
| Net Land, buildings, and equipment | $2,703,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,547,459 |
| Accounts payable and accrued expenses | $964,867 |
| 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 | $964,867 |
| 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 | $2,582,592 |
| Total liabilities and net assets/fund balances | $3,547,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texoma Area Paratransit System Inc Sherman, TX | $3,547,459 | $3,262,902 |
Metroplan Little Rock, AR | $5,480,726 | $2,579,556 |
Mckinney Avenue Transit Authority Inc Dallas, TX | $1,666,425 | $2,237,823 |
Has Development Corporation Houston, TX | $20,118,032 | $1,642,583 |
Arkansas Transit Association Inc North Little Rock, AR | $4,326,481 | $770,783 |
Link Houston Houston, TX | $2,246,425 | $1,674,343 |
Southwest Transit Association Baton Rouge, LA | $282,006 | $321,475 |
Transportation Advocacy Group-Houston Region Houston, TX | $264,231 | $375,141 |
Oklahoma Transit Association Oklahoma City, OK | $994,088 | $278,489 |
La 1 Coalition Inc Thibodaux, LA | $3,446,102 | $354,650 |
Tta-Texas Transit Association Inc Austin, TX | $410,146 | $222,026 |
Tulsa Foundation For Architecture Tulsa, OK | $174,026 | $159,930 |