Transition II INC EIN 22-3026443

Transition II INC

EIN  22-3026443 Public charity (501(c)(3)) Burlington, VT
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Size
$100K–1M
What they do
Helps Vermonters with disabilities and seniors find jobs, community activities, and home care options.
Leadership
Kara Artus · Executive Director · $78K
Money in and out
$950K revenue, $989K expenses
Bottom line
85% program efficiency

Helps Vermonters with disabilities and seniors find jobs, community activities, and home care options. For fiscal year 2025 it reported $950K in revenue, $989K in expenses, and $818K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$950K
Pt VIII · Ln 12
Total expenses
$989K
Pt IX · Ln 25
Net assets
$818K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$39K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
24.2mo
months of highly liquid reserves at operating expense rate▲ +18% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▲ +17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$950K
FY2025▼ -2%
Expenses
$989K
FY2025▼ -3%
Total assets
$2.1M
FY2025▲ +13%
Total liabilities
$1.3M
FY2025▲ +28%
Total revenue
$950K
Pt VIII · Ln 12
Total expenses
$989K
Pt IX · Ln 25
Net assets
$818K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$39K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $836K of program spending, described in the organization's own filed words · FY2024.
01

To provide aging vermonters and those with disabilities guidance and support through employment, community involvement, and home-care choices.

$836Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTransition II INC
EINHdr · item D22-3026443
Principal addressHdr · item CBurlington, VT
WebsiteHdr · item Jwww.transitionii.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFDec 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$77,963Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Kara Artus’s $78K as Executive Director is at the 54th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kara Artus$77,963$75,618$79,282$73,534$73,483$75,135

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$876K · 92%
Program service revenue$74K · 8%
Contributions & grants92%$876K
Program service revenue8%$74K
— government grantsLn 1e$876K
Total revenueLn 12$950K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$836K
Management & general15%$152K
Total functional expensesLn 25$989K

Balance Sheet

Part X · end of year
CashLn 1$2.0M
Total assetsLn 16$2.1M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$818K
Months of cash on handcomputed24.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $989K
24.2 months
Where the money goes
Program services
Program services $836K · Total expenses $989K
85%
Management & General
Management & general $152K · Total expenses $989K
15%
Fundraising
Fundraising $0 · Total expenses $989K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $876K · Total revenue $950K
92%
Government reliance
Government grants $876K · Total revenue $950K
92%
Earned-income share
Program service revenue $74K · Total revenue $950K
8%
Investment reliance
Investment income $0 · Total revenue $950K
0%
Program self-sufficiency
Program service revenue $74K · Total expenses $989K
7%
Growth & trend
Revenue growth (YoY)
This year $950K · Prior year $971K
-2%
Revenue CAGR
FY2019 $848K · FY2024 $950K
+2%
Net-asset trend (YoY)
End of year $818K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $950K · Expenses $989K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
Net-asset ratio
Net assets $818K · Total assets $2.1M
39%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kara Artus · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $78K · Total expenses $989K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $837K · Total expenses $989K
85%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth -2%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$950K revenue · viewing · ⤓ 990 PDF
FY2024$971K revenue · ⤓ 990 PDF
FY2023$907K revenue · ⤓ 990 PDF
FY2022$847K revenue · ⤓ 990 PDF
FY2021$837K revenue · ⤓ 990 PDF
FY2020$848K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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