TRANSITIONS INCORPORATED (EIN 610707125) - 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

1969

Legal Domicile

Principal Officer

JIM BEITING

Phone

8594914435

Tax Period

2023-01-01 to 2023-12-31

TRANSITIONS INCORPORATED, founded in 1969, is a community nonprofit in the Crime & Legal sector that reported $6.5M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $6.1M left a modest 5% surplus.

Mission

WE PROVIDE EVIDENCE-BASED, PERSON-CENTERED SUBSTANCE USE DISORDER TREATMENT AND RECOVERY SERVICES SO INDIVIDUALS CAN LEAD THEIR MOST MEANINGFUL AND HEALTHY LIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $328,310

Program Service Revenue $5,904,499

Investment Income $242,293

Other Revenue $-10,141

TOTAL REVENUE $6,464,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,083,168

Fundraising Expenses $83,778

Program Expenses $5,094,975

Other Expenses $2,036,821

TOTAL EXPENSES $6,119,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,464,961	$7,283,844	-0.1%
Expenses	$6,119,989	$6,524,101	-0.1%
Net Income	$344,972	$759,743	-0.5%

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

108

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

$332,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH HILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER WEICKGENANNT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE KATHMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE NESBITT CPA	TREASURER	1.00	Officer Director	$0	$0	$0
BRUNO GIACOMUZZI	TRUSTEE (UNTIL 12/13/23)	1.00	Director	$0	$0	$0
PATRICK GROTE	TRUSTEE	1.00	Director	$0	$0	$0
TY BRUMBACK PHD	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE BROOKS	TRUSTEE (UNTIL 12/13/23)	1.00	Director	$0	$0	$0
NICOLE CULLUM	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA PETERS	TRUSTEE	1.00	Director	$0	$0	$0
STANLEY MCBRIDE	TRUSTEE	1.00	Director	$0	$0	$0
DR ARON LEVIN	TRUSTEE	1.00	Director	$0	$0	$0
ARIEL CAMPBELL MHSA	TRUSTEE	1.00	Director	$0	$0	$0
JIM BEITING	CEO	40.00	Officer	$194,642	$19,746	$214,388
KATIE FLOYD	CFO	40.00	Officer	$109,803	$7,831	$117,634

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	No data	No data	No data	No data
2023	$6,464,961	$6,119,989	$17,049,088	$344,972
2022	$7,283,844	$6,524,101	$16,467,473	$759,743
2021	$9,808,810	$6,800,054	$17,383,184	$3,008,756
2020	$11,315,991	$7,916,026	$15,431,200	$3,399,965
2019	$9,968,917	$7,449,689	$11,616,485	$2,519,228
2018	$7,351,565	$5,814,908	$9,047,025	$1,536,657

TRANSITIONS INCORPORATED