The Bike Connector Inc

Nonprofit profile at a glance

EIN
850694465
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Lowell, MA, USA
Phone
9785023919
Rating
94
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$171,557
Expenses
$169,852
Assets
$78,356
Liabilities
$0

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

Leadership & pay

5 people listed

Executive titles in this filing

  • WADE RUBINSTEIN (PRESIDENT)

People named in this filing

  • WADE RUBINSTEIN (PRESIDENT)
  • RICHARD FAHLANDER (TREASURER)
  • PATRICK GRASSO (CLERK)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To provide the lowell community with safe, affordable bicycles and offer a community diy bicycle shop to help people stay on their bikes.

What it reported doing in 2024

Provided an after school and summer school earn-a-bike program for lowell high school students; refurbished and distributed bikes to community members; delivered mobile repair services to keep riders on their bikes; collected bikes from individuals and municipalities.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 64% for direct work, and 36% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.3%; rating input score 94
  • Program expense ratio: 95.2%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 1%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 0.46; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 48% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 36.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 33.6% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 94.3% of revenue deployed · 95.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $162K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

Key Signals

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

  • Moderate — Sustainability: Operating margin scored 37/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.