TRANSFORMATIONAL SPACES INC

EIN: 473214671 501(c)(3) Religion

SOUTH BEND, IN

Total Revenue
$54,260
Total Expenses
$65,215
Total Assets
$697,045
Net Assets
$697,045
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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
2015
Legal Domicile
IN
Principal Officer
KEVIN MITSCHELEN
Phone
5745200225
Tax Period
2021-01-01 to 2021-12-31

TRANSFORMATIONAL SPACES INC, founded in 2015, is a micro nonprofit in the Religion sector that reported $54K in total revenue in fiscal year 2021. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 20% operating deficit.

Mission

WE PROVIDE SPACES OF TRANSFORMATION WHILE PROMOTING UNITY AMONGST THOSE ORGANIZATIONS

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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 (2021)

Revenue Breakdown

Contributions & Grants $33,434
Program Service Revenue $0
Investment Income $0
Other Revenue $20,826
TOTAL REVENUE $54,260

Expense Breakdown

Grants Paid $4,825
Salaries & Benefits $17,368
Fundraising Expenses $0
Program Expenses $65,215
Other Expenses $43,022
TOTAL EXPENSES $65,215

Year-over-Year Comparison

2021 2020 Change
Revenue $54,260 $71,860 -0.2%
Expenses $65,215 $14,787 +3.4%
Net Income $-10,955 $57,073 -1.2%
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
4
Independent Members
N/A
Employees
1
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
3
$0
Total Directors
4
$16,000
Key Employees
1
$16,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN MITSCHELEN DIRECTOR 030.00
Director Key Emp
$16,000 $0 $16,000
DONALD FOSTER BOARD MEMBER 001.00
Officer Director
$0 $0 $0
KARLA CAPINTEYRO BOARD MEMBER 001.00
Officer Director
$0 $0 $0
LOGAN FOSTER BOARD MEMBER 001.00
Officer 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
2021 $54,260 $65,215 $697,045 $-10,955
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