Transformation Network INC FY2022 filing

Tax-deductible

Ashland, OH501(c)(3)HousingEIN 34-1947227

We provide hope and practical assistance with compassionate accountability to help people overcome life controlling issues through the power of jesus christ. Preparing men and women on government assistance programs and those re-entering society from the jails and prisons to be trained for meaningful employment.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$81K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-T
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $181K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$224K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
-24% vs prior year
Spent
$4.4M
To programs
87%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$4.0M
FY2022▼ -24%
Revenue by fiscal year
FY2020$5.7M
FY2021$5.2M
FY2022$4.0M
FY2023$3.6M
FY2024$2.9M
Expenses
$4.4M
FY2022▼ -7%
Expenses by fiscal year
FY2020$4.6M
FY2021$4.7M
FY2022$4.4M
FY2023$3.8M
FY2024$3.0M
Net assets
$2.3M
FY2022▼ -13%
Net assets by fiscal year
FY2020$2.2M
FY2021$2.6M
FY2022$2.3M
FY2023$1.8M
FY2024$1.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $3.9M Management & general 13% · $552K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990-T; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$81,369Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Wayne Mullet’s $64K as Executive Di is at the 10th percentile of top reported officer pay among 2036 $1–10M housing 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dan Phillip————$97,951
Kelly Smith——$81,369$72,804—
Wayne Mullet$64,101$76,568———

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering people overcoming life challenges with practical help and job training through faith.

Provided by the organization

This section is blank until Transformation Network INC claims this page.

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3 program services account for $3.9M of program spending, described in the organization's own filed words · FY2022.
01

Securing, maintaining and retention of employment for high risk individuals. Liberty's door program-biblically based program intended to move formerly imprisoned people off welfare by preparing them for employment and the retention of employment.

$3.8Mprogram expense
02

Low Cost Housing

1 month stays

$42Kprogram expense
03

Family life skills training in addition to technical and developmental training, the transformation network also focuses on improving the soft skill set of our job seekers through developmental training. We understand the need for entry-level employees to possess real life skills, which many of them lack before entering our program.

Pt IX · col B

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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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 4 grants · $133K · 2022–2023
Ashland Faith Fund INCOH · FY2023$58,000
Stand for Truth INCOH · FY2023$8,000
Ashland Faith Fund INCOH · FY2022$33,333
Stand for Truth INCOH · FY2022$33,333

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$4.0M
Fees for services$3.8M
Other income$187K
Gifts and grants$3K
Money out
$4.4M
Programs$3.9M
Management$552K
Owns and owes
$2.3M
net assets
Cash and savings$1.0M
Total assets$2.5M
Liabilities$224K
People
4
listed
Paid1
Voting board3
Independent3
2In more detail
Revenue in detail
Gifts and grants$3K
Fees for services$3.8M
Investment income$587
Other income$187K
Total revenue$4.0M
Assets in detailEnd of year
Cash and savings together$1.0M
Total assets$2.5M
Liabilities$224K
Net assets$2.3M
Operations
Employees830
Volunteers7
Fiscal year endsDecember
Conflict-of-interest policyYes
Whistleblower policyNo
Records policyNo

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.9M$3.0M−$125K$1.7M 990 PDF
FY2023 $3.6M$3.8M−$225K$1.8M 990 PDF
FY2022 Viewing $4.0M$4.4M−$402K$2.3M 990 PDF
FY2021 $5.2M$4.7M$511K$2.6M 990 PDF
FY2020 $5.7M$4.6M$1.1M$2.2M 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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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