Transforming Lives Community Development Corporation (EIN 320442788) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

Tyrone Adams

Phone

4109796290

Tax Period

2024-01-01 to 2024-12-31

Transforming Lives Community Development Corporation, founded in 2014, is a small nonprofit in the Human Services sector that reported $371K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $351K left a modest 5% surplus.

Mission

To help people transform their lives through edcuational empowerment, healthcare enrichment and humanitarian improvement experiences.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $370,628

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $370,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $341,243

Other Expenses $351,240

TOTAL EXPENSES $351,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,628	$342,437	+0.1%
Expenses	$351,240	$334,406	+0.1%
Net Income	$19,388	$8,031	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clifton Blagmond	Executive Director	20.00	Officer Director	$0	$0	$0
Talib Horne	President	2.00	Officer Director	$0	$0	$0
Yolanda Bethea	Vice President	2.00	Officer Director	$0	$0	$0
Tyrone Adams	Treasurer	2.00	Officer Director	$0	$0	$0
Dr Alfred Bailey	Director	2.00	Director	$0	$0	$0
Sandy Adams	Director	2.00	Director	$0	$0	$0
Rochelle Arnold Simmons	Director	2.00	Director	$0	$0	$0
Edward Kane Jr	Director	2.00	Director	$0	$0	$0
Jeryl Bethea	Director	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$370,628	$351,240	$101,639	$19,388
2023	$342,437	$334,406	$82,251	$8,031
2022	$166,317	$120,130	$96,669	$46,187
2021	$397,053	$409,659	$28,032	$-12,606

Transforming Lives Community Development Corporation