Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990; $190K paid to officers and key staff.
Curtis Lyon’s $142K as Director/Executive Director is at the 89th percentile of top reported officer pay among 1709 $100K–1M community development 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Andrea Armeni | $48,000 | $154,875 | $173,294 | $255,000 |
| Curtis Lyon | $141,843 | $97,482 | $80,214 | $80,719 |
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
Connects activists and leaders with capital for social justice and transformative change.
Questions for Transform Finance INC
Your first name shows with your question. Transform Finance INC answers here, for everyone.
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Led a major research initiative to understand the landscape of enterprises with ownership and governance by non-investor stakeholders. Interviewed dozens of investment practitioners to understand the barriers to fieldwide capital investment.
Supported a major foundation's evaluation of the effectiveness of inclusive finance interventions, with the aim of ensuring that investments achieve their mission outcomes of creating dignified livelihoods for women and young men in africa.
Developed a set of recommendations for the banking sector on how to engage communities in the creation and deployment of capital products. Released a report on the subject, socializing the materials through industry networks and public presentations.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $287K | $499K |
| Total assetsLn 16 | $669K | $525K |
| LiabilitiesLn 26 | $29K | $52K |
| Net assetsLn 32 | $640K | $473K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $188K | $166K | $22K | |
| Other salaries and wagesLn 7 | $216K | $152K | $64K | |
| Other employee benefitsLn 9 | $88K | $55K | $33K | |
| Payroll taxesLn 10 | $27K | $21K | $7K | |
| Legal feesLn 11b | $11K | $11K | ||
| Accounting feesLn 11c | $13K | $13K | ||
| Office expensesLn 13 | $13K | $158 | $13K | |
| TravelLn 17 | $15K | $15K | ||
| InsuranceLn 23 | $742 | $742 | ||
| Other expenses (24a–d)Ln 24 | $145K | $142K | $3K | |
| Total functional expensesLn 25 | $717K | $549K | $167K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $550K | $717K | −$167K | $473K | 990 PDF |
| FY2023 | $399K | $622K | −$223K | $640K | 990 PDF |
| FY2022 | $989K | $443K | $546K | $862K | 990 PDF |
| FY2021 | $529K | $486K | $43K | $316K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $550,034 revenue, 12 lines filed
Part VI · Governance 3 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $550,034 across 4 lines filed
Part IX · Statement of functional expenses $716,585 across 10 lines filed
Part X · Balance sheet $525,099 assets, 12 lines filed
Part XI · Reconciliation of net assets $472,975 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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