TRANSITIONS HALFWAY MINISTRIES

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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

2006

Legal Domicile

Principal Officer

RON WADE

Phone

9017626714

Tax Period

2022-01-01 to 2022-09-30

TRANSITIONS HALFWAY MINISTRIES, founded in 2006, is a micro nonprofit that reported $67K in total revenue in fiscal year 2022. Revenue fell 41% from the prior year — a significant decline worth monitoring.

Mission

The organization's primary exempt purpose is to assist men in transitioning from life in prison to life in society as productive, law abiding citizens. This is accomplished by providing temporary housing, job placement services, emotional, spiritual & financial support & counseling. Having this level of support has the proven result of fewer men returning to prison after their release.

Program Service Accomplishments

Program 1

Expenses: $19,946 Revenue: $19,946

A major change occurred in 2022. We entered into negotiations with HopeWorks, a 501(c)(3) organization, to assume responsibility for the operation of this ministry. We reached an agreement with them. They officially assumed operations at the end of business on April 30, 2022. At that time the process began for all of the assets to be transferred to HopeWorks and to file documents with the Tennessee Secretary of State and other state offices to terminate Transitions Halfway Ministries. All documents were filed and accepted by 9/30/22.

Program 2

Expenses: $19,945 Revenue: $19,945

We re-established the recruiting mechanisms necessary for prison visits post COVID to offer invitations to prison inmates to begin their post prison transition period with Forgiveness House.

Program 3

Expenses: $19,946 Revenue: $19,946

Established new operating procedures with the Tennessee Prison Outreach Ministry for daily operations to be supervised by HopeWorks.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $62,041

Program Service Revenue $5,328

Investment Income $0

Other Revenue $0

TOTAL REVENUE $67,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,893

Fundraising Expenses $0

Program Expenses $59,837

Other Expenses $38,010

TOTAL EXPENSES $65,903

Year-over-Year Comparison

	2022	2021	Change
Revenue	$67,369	$113,907	-0.4%
Expenses	$65,903	$114,450	-0.4%
Net Income	$1,466	$-543	-3.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON WADE	President	2.00	Officer Director	$0	$0	$0
THOMAS SNOW	Director	2.00	Director	$0	$0	$0
MICHAEL MAXWELL	TREASURER	2.00	Officer Director	$0	$0	$0
SUZIE SMITH	SECRETARY	2.00	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
2022	$67,369	$65,903	No data	$1,466
2021	$113,907	$114,450	$194,056	$-543
2020	$142,298	$118,444	$203,971	$23,854
2019	$117,399	$107,682	$206,910	$9,717
2018	$117,729	$93,790	$219,606	$23,939