Transformative Development Corporation EIN 81-2525475

Transformative Development Corporation FY2022 filing

EIN  81-2525475 Public charity (501(c)(3)) Holly Springs, MS
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides meals and healthcare for adults recovering from illness or injury.
Leadership
Claudette Marion · Executive Director · $36K
Money in and out
$369K revenue, $313K expenses
Bottom line
89% program efficiency

Provides meals and healthcare for adults recovering from illness or injury. For fiscal year 2022 it reported $369K in revenue, $313K in expenses, and $354K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$369K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$354K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $56K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11 Fundraising $0.00
Program efficiency
89%
of spending reaches programs
Operating runway
4.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$369K
FY2022▲ +10%
Expenses
$313K
FY2022▲ +12%
Total assets
$358K
FY2022▲ +12%
Total liabilities
$4K
FY2022▲ +2%
Total revenue
$369K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$354K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$56K
Total assetsPt X · Ln 16$358K
Program-expense ratioPt IX · col B89%
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 $277K of program spending, described in the organization's own filed words · FY2022.
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.

$277Kprogram 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
Executive Director
$36,165Pt VII · Sec A
Finance Director
$26,650Pt 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
Program service revenue$211K · 57%
Contributions & grants$142K · 39%
Other revenue$16K · 4%
Program service revenue57%$211K
Contributions & grants39%$142K
Other revenue4%$16K
— government grantsLn 1e$94K
Total revenueLn 12$369K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11 Fundraising $0.00
Program services89%$277K
Management & general11%$35K
Fundraising$1K
Total functional expensesLn 25$313K

Balance Sheet

Part X · end of year
CashLn 1$107K
Total assetsLn 16$358K
Total liabilitiesLn 26$4K
Total net assetsLn 32$354K
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $107K · Operating expenses/yr $313K
4.1 months
Where the money goes
Program services
Program services $277K · Total expenses $313K
89%
Management & General
Management & general $35K · Total expenses $313K
11%
Fundraising
Fundraising $1K · Total expenses $313K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $97K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $142K · Total revenue $369K
39%
Government reliance
Government grants $94K · Total revenue $369K
26%
Earned-income share
Program service revenue $211K · Total revenue $369K
57%
Investment reliance
Investment income $0 · Total revenue $369K
0%
Program self-sufficiency
Program service revenue $211K · Total expenses $313K
67%
Growth & trend
Revenue growth (YoY)
This year $369K · Prior year $336K
+10%
Net-asset trend (YoY)
End of year $354K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $369K · Expenses $313K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $358K
Net-asset ratio
Net assets $354K · Total assets $358K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $358K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Claudette Marion · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $36K · Total expenses $313K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $153K · Total expenses $313K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 1%
Revenue growth 10%
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 · viewing · ⤓ 990 PDF
FY2021$336K revenue · ⤓ 990 PDF
FY2020$322K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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