Transformative Development Corporation EIN 81-2525475

Transformative Development Corporation FY2020 filing

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Provides meals and healthcare for adults recovering from illness or injury. For fiscal year 2020 it reported $322K in revenue, $297K in expenses, and $259K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Holly Springs, MS
Filings
5 on file (2020–2020)
Revenue
$322KFY2020
Expenses
$297K
Net assets
$259K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-2525475 Public charity (501(c)(3)) Holly Springs, MS
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides meals and healthcare for adults recovering from illness or injury.
Leadership
Kimetria Parks · Finance Director
Money in and out
$322K revenue, $297K expenses
Bottom line
81% program efficiency
Where the money goes · FY2020
Total revenue
$322K
Pt VIII · Ln 12
Total expenses
$297K
Pt IX · Ln 25
Net assets
$259K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program efficiency
81%
of spending reaches programs
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$322K
FY2020
Expenses
$297K
FY2020
Total assets
$295K
FY2020
Total liabilities
$37K
FY2020
Total revenue
$322K
Pt VIII · Ln 12
Total expenses
$297K
Pt IX · Ln 25
Net assets
$259K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$25K
Total assetsPt X · Ln 16$295K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $240K of program spending, described in the organization's own filed words · FY2020.
01

Provided assessment, supervision and adminstration of medications, treatments, health education and training in self care and daily living to 50 adults who require services of an appropriately licensed nurse or other health care professional.

$240Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTransformative Development Corporation
EINHdr · item D81-2525475
Principal addressHdr · item CHolly Springs, MS
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P70)
Ruling yearIRS BMFMay 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Finance Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A

Claudette Marion’s $35K as Executive Director is at the 22nd percentile of top reported officer pay among 2165 $100K–1M human services 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

NameFY2023FY2022FY2021
Claudette Marion$34,952$36,165$34,816
Kimetria Parks$26,000$26,650$26,000

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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Statement of Revenue

Part VIII
Contributions & grants$164K · 51%
Program service revenue$157K · 49%
Contributions & grants51%$164K
Program service revenue49%$157K
Other revenue$300
— government grantsLn 1e$14K
Total revenueLn 12$322K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program services81%$240K
Management & general18%$53K
Fundraising1%$3K
Total functional expensesLn 25$297K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$295K
Total liabilitiesLn 26$37K
Total net assetsLn 32$259K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20K · Operating expenses/yr $297K
0.8 months
Where the money goes
Program services
Program services $240K · Total expenses $297K
81%
Management & General
Management & general $53K · Total expenses $297K
18%
Fundraising
Fundraising $3K · Total expenses $297K
1%
Cost to raise $1
Fundraising expense $3K · Solicited contributions $150K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $164K · Total revenue $322K
51%
Government reliance
Government grants $14K · Total revenue $322K
4%
Earned-income share
Program service revenue $157K · Total revenue $322K
49%
Investment reliance
Investment income $0 · Total revenue $322K
0%
Program self-sufficiency
Program service revenue $157K · Total expenses $297K
53%
Growth & trend
Revenue growth (YoY)
This year $322K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $259K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $322K · Expenses $297K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $295K
Net-asset ratio
Net assets $259K · Total assets $295K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $295K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kimetria Parks · Reported title FINANCE DIRECTOR · Highest reported compensation $0 · Total expenses $297K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $151K · Total expenses $297K
51%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 18%
Fundraising cost ratio 2%
Accounting fee ratio 3%

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
FY2024 (Latest)$328K revenue · ⤓ 990 PDF
FY2023$275K revenue · ⤓ 990 PDF
FY2022$369K revenue · ⤓ 990 PDF
FY2021$336K revenue · ⤓ 990 PDF
FY2020$322K revenue · viewing · ⤓ 990 PDF

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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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