Transform Mid-Atlantic INC FY2023 filing

Frederick, MD · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$717K
-5% vs prior year
Spent
$614K
To programs
67%
Net assets
$1.4M
By yearFY2021–FY2025
Revenue
$717K
FY2023▼ -5%
Revenue by fiscal year
FY2021$584K
FY2022$754K
FY2023$717K
FY2024$814K
FY2025$696K
Expenses
$614K
FY2023▲ +13%
Expenses by fiscal year
FY2021$510K
FY2022$544K
FY2023$614K
FY2024$756K
FY2025$809K
Net assets
$1.4M
FY2023▲ +9%
Net assets by fiscal year
FY2021$1.2M
FY2022$1.3M
FY2023$1.4M
FY2024$1.5M
FY2025$1.4M

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CTransform Mid-Atlantic INC
EINHdr · item D26-4076820
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2009
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CFrederick, MD
NTEE classificationIRS BMFEducation (B03)
WebsiteHdr · item Jwww.midatlantic.compact.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.32 Fundraising $0.01
Program services67%$412K
Management & general32%$198K
Fundraising1%$4K
Total functional expensesLn 25$614K

Financial health

Is it on solid ground?

Program efficiency
67%
of spending reaches programs
Operating runway
28.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.6M
FY2023▲ +7%
Total assets by fiscal year
FY2021$1.5M
FY2022$1.5M
FY2023$1.6M
FY2024$1.7M
FY2025$1.5M
Total liabilities
$255K
FY2023▼ -3%
Total liabilities by fiscal year
FY2021$293K
FY2022$263K
FY2023$255K
FY2024$255K
FY2025$90K
Revenue less expensesPt I · Ln 19$102K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$608K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$255K
Total net assetsLn 32$1.4M
Months of cash on handcomputed11.9

Statement of Revenue

Part VIII
Program service revenue$491K · 68%
Contributions & grants$176K · 25%
Investment income$50K · 7%
Program service revenue68%$491K
Contributions & grants25%$176K
Investment income7%$50K
— government grantsLn 1e$56K
Total revenueLn 12$717K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $614K
28.6 months
Where the money goes
Program services
Program services $412K · Total expenses $614K
67%
Management & General
Management & general $198K · Total expenses $614K
32%
Fundraising
Fundraising $4K · Total expenses $614K
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $113K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $176K · Total revenue $717K
25%
Government reliance
Government grants $56K · Total revenue $717K
8%
Earned-income share
Program service revenue $491K · Total revenue $717K
68%
Investment reliance
Investment income $50K · Total revenue $717K
+7%
Program self-sufficiency
Program service revenue $491K · Total expenses $614K
80%
Growth & trend
Revenue growth (YoY)
This year $717K · Prior year $754K
-5%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $717K · Expenses $614K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
—
Net-asset ratio
Net assets $1.4M · Total assets $1.6M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $855K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
53%
People & payroll
Highest Reported Total Compensation
Individual Ms Madeline Yates · Reported title Executive Director · Highest reported compensation $123K · Total expenses $614K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $458K · Total expenses $614K
75%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 32%——
Fundraising cost ratio 2%——
Revenue growth -5%——
Investment management fee ratio 0.4%——
Legal fee ratio 0.1%——
Accounting fee ratio 2%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$123,455Pt VII · Sec A
Executive Director
$123,455Pt VII · Sec A
President, Alleghany College of Maryland
$0Pt VII · Sec A
President, Goldey-Beacom College
$0Pt VII · Sec A
President, Frostburg State University
$0Pt VII · Sec A
President, Baltimore City Community College
$0Pt VII · Sec A
President, University of Maryland Eastern Shore
$0Pt VII · Sec A
President, Washington College
$0Pt VII · Sec A

Ms Madeline Yates’s $123K as Executive Director is at the 91st percentile of top reported officer pay among 1612 $100K–1M education 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Ms Madeline Yates$123,455—$123,455$117,455$112,455
Madeline Yates$123,455$123,455$123,455——

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.

See Transform Mid-Atlantic INC executive salaries →

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes student community service and strengthens local nonprofits through regional leadership and support.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $412K of program spending, described in the organization's own filed words · FY2022.
01

CONVENING the MD, DC, DE, WV, & NORTHERN VA HIGHER EDUCATION COMMUNITY to ADVANCE the PUBLIC PURPOSES of HIGHER EDUCATION: As the largest higher education association in the Mid-Atlantic region, TMA regularly convenes member institution presidents, senior leaders, faculty, students, community partners, and other representatives to deepen…

$214Kprogram expense
02

BUILDING CAMPUS COMMUNITY PARTNERSHIPS to ADDRESS POVERTY and EQUITY: TMA provides 30-35 full time AmeriCorps VISTA sub-grants (valued at over $2,200,000) to member institutions and non-profit organizations in the Mid-Atlantic region.

$176Kprogram expense
03

PROVIDING RESOURCES, RECOGNITION, VISIBILITY, and NATIONAL PARTNERSHIPS: TMA annually awards up to $50,000 in grants to individuals and partnerships within its membership including: Faculty Development Mini-Grants, MLK Day of Service Grants funded by AmeriCorps, and Eastern Region Campus Consortium Mini-Grants.

$22Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$24K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $696K$809K-15% 990 PDF
FY2024 $814K$756K+14% 990 PDF
FY2023 Viewing $717K$614K-5% 990 PDF
FY2022 $754K$544K+29% 990 PDF
FY2021 $584K$510K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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