Prepass Safety Alliance

Nonprofit profile at a glance

EIN
860730202
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Phoenix, AZ, USA
Phone
6026015690
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Engineering and Technology

Official website

Reported finances

Revenue
$196,625,833
Expenses
$172,344,380
Assets
$492,999,005
Liabilities
$361,808,766

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • MARK DOUGHTY (PRESIDENT AND CEO)
  • CHRISTOPHER MURRAY (PRESIDENT - LLC)

Highest reported compensation

  • MARK DOUGHTY (PRESIDENT AND CEO): $1,733,858 total reported compensation
  • CHRISTOPHER MURRAY (PRESIDENT - LLC): $945,363 total reported compensation
  • JEFF CHRISTIAN (CHIEF FINANCIAL OFFICER): $690,003 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Develop and deploy advanced technology systems to create a cooperative operating and regulatory environment, which improves the efficient and safe movement of commercial vehicles and the performance of highway systems.

What it reported doing in 2024

Prepass: develop and deploy advanced technology created to improve efficient and safe movement of qualified commercial vehicles at state weigh stations, ports of entry, and toll facilities and the performance of the highway system, while ensuring regulatory compliance and user safety. System is deployed at 450 locations in 40 states, used by more than 750,000 qualified commercial motor vehicles.

Operating model

Revenue model
Earned-program. 88% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.5%; rating input score 85
  • Program expense ratio: 97%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.3%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 2.86; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.73; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 8.6% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 7.8% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 18% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 84.5% of revenue deployed · 97% of spending went to programs
  • Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $167.2M in reported program spending
  • Leadership: top reported pay $1.7M · 19 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $160K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.