Taxicab Service Association

Overview

Mission

To promote the interest of its members, Credit Unions in New york City who make loans in the New York City ground transportation industry( taxi medallions). To share information and concerns and present a united front to regulators in both the credit union and taxi indistry

What it reported doing in 2019

Maintain contact with City and State representatives in order to promote the interests of its memebers. Lobby before legislative and regulatory bodies on behalf of its members.Share information about developments in both the taxi and credit union industries with members at regular quarterly meetings and at special meetings as needed. Discuss common concerns that members have with regulators and develop appropriate responses.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

Nonprofit profile at a glance

EIN
133867644
IRS 990 coverage
2014–2019
Forms available
Form 990 2019, Form 990-EZ 2010
Headquarters
Haverstraw, NY, USA
Rating
41
Verdict
MIXED
Rating confidence
Limited
Sector
Business and Industry

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Accountability: 29
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 2 of 7 controls in place; rating input score 29
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: -5.5%; rating input score 51; 51st percentile among comparable filings
  • Operating reserve ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -29.4% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 17.3% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 2 of 7 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 annual filings from 2014 to 2019
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.