Westbrook, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE TRANSFORMATION PROJECT, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $145K in total revenue in fiscal year 2024. Expenses of $167K exceeded revenue, resulting in a 15% operating deficit.
: To see Jesus Christ transform lives and change communities through reentry opportunities
In 2024, The Transformation Project experienced meaningful growth and continued transformation in the lives of the men we serve and the communities we impact. Key accomplishments include: * Reached...
In 2024, The Transformation Project experienced meaningful growth and continued transformation in the lives of the men we serve and the communities we impact. Key accomplishments include: * Reached Full Residential Capacity: Our men's residential discipleship program consistently operated at full capacity, providing a safe, structured, and Christ-centered environment for healing and growth. * Lives Transformed: We continue to witness men experience true freedom from addiction and destructive patterns as they deepen their relationship with Christ and walk in discipleship. * Expanded Program Curriculum: Significant progress was made in building out and formalizing our 12-month discipleship curriculum, including the launch of Cultivate, a 40-day intensive focused on spiritual formation and recovery. * Volunteer Leadership Growth: We saw a notable increase in committed volunteers stepping into mentorship, teaching, and support roles, further strengthening our community and discipleship culture. * Increased Community Awareness and Impact: Through outreach events, partnerships with churches and local organizations, and active social media and storytelling, awareness of our mission and impact has grown substantially. * Service and Outreach Projects: Residents and staff engaged in multiple service projects both within our facility and out in the broader community, embodying servant leadership and giving back. * Family Restoration: More and more families have been directly impacted by the transformation taking place in the lives of their loved ones, resulting in restored relationships and healthier homes. * Church and Ministry Partnerships: We expanded collaborations with local churches, nonprofits, and recovery ministries, creating more pathways for discipleship, reintegration, and long-term support. * Improved Operational Systems: We implemented better tracking tools, refined intake processes, and enhanced staff training, improving efficiency and resident outcomes. * Celebrated 10 Years of Ministry: In 2024, we commemorated a decade of God's faithfulness and the many lives changed since our founding, reinforcing our mission to proclaim liberty to the captives and raise up men of integrity and purpose.
ALL program accomplishments have been reported under number one
The ministry is assisting Just Love ministry which helps women who have been trafficked or who are in the sex industry to turn their lives around and leave the industry with Jesus's help. TTP provide...
The ministry is assisting Just Love ministry which helps women who have been trafficked or who are in the sex industry to turn their lives around and leave the industry with Jesus's help. TTP provide space in its building to the just Love ministry through a cost sharing arrangement.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $145,428 | $141,556 | +0.0% |
| Expenses | $166,596 | $114,177 | +0.5% |
| Net Income | $-21,168 | $27,379 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Joshua Umiah | executive Director | 40 |
Officer
Director
Key Emp
Highest
|
$72,942 | $0 | $72,942 |
| JD Schnackberg | chairman of the Board | 30 |
Director
|
$0 | $0 | $0 |
| Marcel Veilleux | Board Member | 25 |
Director
|
$0 | $0 | $0 |
| David Libby | Board Member | 10 |
Director
|
$0 | $0 | $0 |
| Richard Fillmore | TReasurer and Board Member | 30 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $145,428 | $166,596 | $620,742 | $-21,168 |
| 2023 | $141,556 | $114,177 | $662,664 | $27,379 |
| 2022 | $122,515 | $89,807 | $664,821 | $32,708 |
| 2021 | $133,511 | $71,957 | $657,586 | $61,554 |
| 2020 | $117,606 | $69,198 | $639,207 | $48,408 |
| 2019 | $114,486 | $67,300 | $585,192 | $47,186 |
| 2018 | $194,886 | $169,635 | $543,135 | $25,251 |
Compare THE TRANSFORMATION PROJECT with other nonprofits in Maine and across the country.