Transition 123 Inc

EIN: 371474082 501(c)(3) Human Services

Detroit, MI

Total Revenue
$298,973
Total Expenses
$302,597
Total Assets
$18,516
Net Assets
$-78,603
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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
2003
Legal Domicile
MI
Principal Officer
Chacrice Miles
Phone
2488092379
Tax Period
2023-01-01 to 2023-12-31

Transition 123 Inc, founded in 2003, is a small nonprofit in the Human Services sector that reported $299K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum.

Mission

Transition 123 mission is to be a catalyst in the lives of disenfranchised women to move them to a plateau of success in every aspect of their lives spiritually, physically, emotionally, and financially.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $290,288
Program Service Revenue $8,685
Investment Income $0
Other Revenue $0
TOTAL REVENUE $298,973

Expense Breakdown

Grants Paid $679
Salaries & Benefits $217,748
Fundraising Expenses $3,655
Program Expenses $273,315
Other Expenses $84,170
TOTAL EXPENSES $302,597

Year-over-Year Comparison

2023 2022 Change
Revenue $298,973 $188,327 +0.6%
Expenses $302,597 $184,778 +0.6%
Net Income $-3,624 $3,549 -2.0%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
4
Volunteers
N/A

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chacrice Miles Executive Dir. 40.00
Officer
$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
2023 $298,973 $302,597 $18,516 $-3,624
2023 $298,973 $273,569 $18,516 $25,404
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