TRANSITIONS INCORPORATED

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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.

Program Service Accomplishments

Program 1

Expenses: $5,094,975 Revenue: $5,904,499

TRANSITIONS IS A MULTI-LOCATION SOCIAL SERVICE AGENCY THAT PROVIDES THE FULL CONTINUUM OF TREATMENT SERVICES FOR ADULTS WITH SUBSTANCE USE DISORDERS. THE ORGANIZATION IS ACCREDITED BY THE COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES (CARF). UNDER THE CARE OF THE MEDICAL DIRECTOR AND NURSING TEAM, TRIAGE IS THE FIRST STEP IN THE CONTINUUM OF CARE. IN TRIAGE, INDIVIDUALS ARE MEDICALLY AND CLINICALLY ASSESSED AND PROVIDED WITH CLINICAL RECOMMENDATIONS FOR FURTHER CARE WHICH CAN INCLUDE, BUT NOT BE LIMITED TO, RESIDENTIAL SERVICES, INTENSIVE OUTPATIENT SERVICES OR OUTPATIENT SERVICES. CLIENTS PARTICIPATING IN INTENSIVE RESIDENTIAL TREATMENT RECEIVE INDIVIDUAL, GROUP AND FAMILY EDUCATION AND THERAPY AS WELL AS PARTICIPATE IN OTHER RECOVERY BASED ACTIVITIES TO ENCOURAGE A LIFE OF RECOVERY, HEALTH AND WELLNESS. CLIENTS PARTICIPATING IN INTENSIVE OUTPATIENT (IOP) AND OUTPATIENT SERVICES ENGAGE IN WEEKLY INTENSIVE GROUP THERAPY AND INDIVIDUAL THERAPY WHILE ALSO PARTICIPATING IN COMMUNITY RECOVERY SUPPORT.OTHER SERVICES PROVIDED BY TRANSITIONS INCLUDE MAT, ON-SITE HEALTH CLINIC, MENTAL HEALTH THERAPY, TARGETED CASE MANAGEMENT, CERTIFIED PEER SUPPORT AND RECOVERY HOUSING. THE OVERARCHING OBJECTIVES FOR EVERY LEVEL OF CARE WE PROVIDE IS TO JUMPSTART AN INDIVIDUAL'S LIFE IN RECOVERY. WE DO THIS THROUGH INDIVIDUALIZED TREATMENT PLANNING, PATIENT-CENTERED CARE, EVIDENCED-BASED INTERVENTION STRATEGIES AND A COMPASSIONATE COMMITMENT TO TOP QUALITY CARE.

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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