ADVANCE TRANSIT INC

WILDER, VT, 05088 (802) 295-1824 Est. 1984 EIN 22-2558708

W40Z - Public & Societal Benefit 990 - Public charity return 501(c)(3)

www.advancetransit.com

Mission

TO ASSURE CONTINUED LIVABILITY AND ACCESSIBILITY OF UPPER VALLEY COMMUNITIES BY PROVIDING SAFE, EFFECTIVE AND FRIENDLY PUBLIC TRANSPORTATION SERVICES.

Financials

Total Revenue

$15,968,898

Total Expenses

$9,257,676

Net Assets

$25,774,199

72 employees 13 volunteers

From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve

2.8 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 77.3%

Expenses ↑ 12.1%

Revenue Sources

Contributions 99.3% Investment 0.2%

Expense Breakdown

Program 80.9% Management 18.5% Fundraising 0.6%

Officers & Key Employees (22)

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Grants Received (41)

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Filing History (3 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025	$15,968,898 ↑	$9,257,676	$25,774,199
2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023	$8,660,374 ↑	$7,173,802	$18,313,662
2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021	$7,196,962	$6,356,146	$15,043,858