THE TRANSFORMATION PROJECT

EIN: 473760738 501(c)(3) Housing & Shelter

Westbrook, ME

Total Revenue
$145,428
Total Expenses
$166,596
Total Assets
$620,742
Net Assets
$254,432
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
ME
Principal Officer
Rich Fillmore
Phone
2078542226
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

To see Jesus Christ transform lives and change communities through reentry opportunities.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $108,411
Program Service Revenue $33,175
Investment Income $5
Other Revenue $3,837
TOTAL REVENUE $145,428

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,224
Fundraising Expenses $18,170
Program Expenses $124,469
Other Expenses $69,372
TOTAL EXPENSES $166,596

Year-over-Year Comparison

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%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
3
Volunteers
40

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
$72,942
Total Directors
5
$72,942
Key Employees
1
$72,942
Highest Compensated
1
reported
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
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
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
Explore More Nonprofits
→Top 100 Nonprofits in Maine →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE TRANSFORMATION PROJECT with other nonprofits in Maine and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.