Transforming Resources FY2020 filing

Tax-deductible

Eden Prairie, MN501(c)(3)Mental HealthEIN 74-3256267

To provide Christian counseling, life coaching and consulting services.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$239K 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

FY2020 · Form 990Independent: 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
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 $3K a year · under 1% 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
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$239K
to officers and key staff · 68% of spending
Concern: pay to officers and key staff is 68% of spending; over 30%.
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 · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$380K
Spent
$353K
To programs
68%
Net assets
$80K
By yearFY2020–FY2024
Revenue
$380K
FY2020
Revenue by fiscal year
FY2020$380K
FY2021$350K
FY2022$414K
FY2023$360K
FY2024$332K
Expenses
$353K
FY2020
Expenses by fiscal year
FY2020$353K
FY2021$387K
FY2022$378K
FY2023$363K
FY2024$338K
Net assets
$80K
FY2020
Net assets by fiscal year
FY2020$80K
FY2021$43K
FY2022$80K
FY2023$76K
FY2024$71K

From the FY2020 Form 990 · see the original

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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 FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CTransforming Resources
EINHdr · item D74-3256267
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2009
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CEden Prairie, MN
NTEE classificationIRS BMFMental Health (F60)
WebsiteHdr · item Jtransformingresources.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 $0.68 Management & general $0.31 Fundraising $0.01
Program services68%$241K
Management & general31%$109K
Fundraising1%$3K
Total functional expensesLn 25$353K

Financial health

Is it on solid ground?

Program efficiency
68%
of spending reaches programs
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$80K
FY2020
Total assets by fiscal year
FY2020$80K
FY2021$43K
FY2022$80K
FY2023$76K
FY2024$71K
Total liabilities
$0
FY2020
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$80K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$78K
Total assetsLn 16$80K
Total liabilitiesLn 26$0
Total net assetsLn 32$80K
Months of cash on handcomputed2.7

Statement of Revenue

Part VIII
Program service revenue$301K · 79%
Contributions & grants$79K · 21%
Program service revenue79%$301K
Contributions & grants21%$79K
Investment income$10
— government grantsLn 1e$25K
Total revenueLn 12$380K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $78K · Operating expenses/yr $353K
2.7 months
Where the money goes
Program services
Program services $241K · Total expenses $353K
68%
Management & General
Management & general $109K · Total expenses $353K
31%
Fundraising
Fundraising $3K · Total expenses $353K
0.9%
Cost to raise $1
Fundraising expense $3K · Solicited contributions $54K
$0.06 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $79K · Total revenue $380K
21%
Government reliance
Government grants $25K · Total revenue $380K
7%
Earned-income share
Program service revenue $301K · Total revenue $380K
79%
Investment reliance
Investment income $10 · Total revenue $380K
<0.01%
Program self-sufficiency
Program service revenue $301K · Total expenses $353K
85%
Growth & trend
Revenue growth (YoY)
This year $380K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $80K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $380K · Expenses $353K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $80K
—
Net-asset ratio
Net assets $80K · Total assets $80K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $80K
0%
People & payroll
Highest Reported Total Compensation
Individual Ruth Benjamin · Reported title Counselor · Highest reported compensation $145K · Total expenses $353K
41%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $306K · Total expenses $353K
86%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 31%——
Fundraising cost ratio 4%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.2%——
Fundraising fee ratio 0%——

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
Counselor
$145,052Pt VII · Sec A
Chairman & CEO
$94,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Harold G Wahlquist JR’s $75K as Chairman & CEO is at the 63rd percentile of top reported officer pay among 2094 $100K–1M mental health 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

NameFY2024FY2023FY2022FY2021FY2020
Ruth Benjamin————$145,052
Harold G Wahlquist JR$75,000$89,000$93,000$107,000$94,000

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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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers Christian counseling, life coaching, and consulting services.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $241K of program spending, described in the organization's own filed words · FY2020.
01

Provided 1640 hours of professional Christian counseling,life coaching and consulting in ministry appointments for scores of individuals, couples, families and churches. Included with this were counseling scholarships and discounts of $24,468.

$241Kprogram expense
02

Volunteers provided a total of 58 volunteer hours of care ministry in 25 ministry appointments.

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $332K$338K-8% 990 PDF
FY2023 $360K$363K-13% 990 PDF
FY2022 $414K$378K+18% 990 PDF
FY2021 $350K$387K-8% 990 PDF
FY2020 Viewing $380K$353K 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

Full filing: Form 990 for FY2020

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $353,474 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $63,050 · Management $60,050 · Fundraising $3,000$126,100
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $177,452 · Management $1,915$179,367
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $99$99
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $795$795
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $1,033$1,033
IX-13 Office expensesManagement $1,443$1,443
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $26,472$26,472
IX-17 TravelPrograms $376$376
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $22$22
IX-23 InsuranceManagement $1,321$1,321
IX-24 Other expenses (24a–d)Management $16,123 · Fundraising $91$16,214
IX-24e All other expensesPrograms $35 · Management $197$232
IX-25 Total functional expensesPrograms $240,935 · Management $109,448 · Fundraising $3,091$353,474

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) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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