TRANSITION INC (EIN 591440609) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

BENJAMIN B WAXMAN

Phone

3055712001

Tax Period

2024-07-01 to 2025-06-30

TRANSITION INC, founded in 1972, is a small nonprofit that reported $898K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

Provides vocational and job placement program that assists individuals in obtaining employment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $898,280

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $898,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $757,147

Fundraising Expenses $0

Program Expenses $1,090,157

Other Expenses $367,658

TOTAL EXPENSES $1,124,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$898,280	$998,301	-0.1%
Expenses	$1,124,805	$917,885	+0.2%
Net Income	$-226,525	$80,416	-3.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aahley Litwin	President	005.00	Officer Director	$0	$0	$0
Benjamin S Waxman	Treasurer	002.00	Officer Director	$0	$0	$0
Abbie Waxman	Vice President	002.00	Officer Director	$0	$0	$0
Adam Schachter	Secretary	002.00	Officer Director	$0	$0	$0
Alan H Rauzin	Director	001.00	Director	$0	$0	$0
Jed Dwyer	Director	001.00	Director	$0	$0	$0
Jane Fincher	Director	001.00	Director	$0	$0	$0
Juan Gomez	Director	001.00	Director	$0	$0	$0
David Tucker	Director	001.00	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
2025	$898,280	$1,124,805	$275,533	$-226,525
2024	$998,301	$917,885	$428,709	$80,416
2023	$532,003	$557,927	$301,201	$-25,924
2022	$374,060	$355,400	$306,576	$18,660
2021	$341,156	$409,970	$276,160	$-68,814
2020	$423,441	$336,004	$152,268	$87,437
2018	$1,286,374	$1,297,640	$251,999	$-11,266

TRANSITION INC