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

Program Service Accomplishments

Program 1
Expenses: $124,469 Revenue: $141,586

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...

Read more

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.

Program 2
Expenses: $0 Revenue: $0

ALL program accomplishments have been reported under number one

Program 3
Expenses: $0 Revenue: $0

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...

Read more

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.

🔒

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.