TRANSFORMATION MINISTRIES INC

EIN: 823641234 501(c)(3) Religion

SOUTH BEND, IN

Total Revenue
$1,568,159
Total Expenses
$1,201,243
Total Assets
$7,450,508
Net Assets
$7,450,508
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IN
Principal Officer
REDGINA HILL
Phone
5747374020
Tax Period
2023-07-01 to 2024-06-30

TRANSFORMATION MINISTRIES INC, founded in 2019, is a community nonprofit in the Religion sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $367K, a strong 23% operating margin.

Mission

WE SEEK TO TRANSFORM THE HEARTS AND MINDS OF URBAN YOUTH AND THEIR FAMILIES WHILE CONNECTING OTHERS TO THE CITY IN A POSITIVE WAY.

Program Service Accomplishments

Program 1
Expenses: $788,857 Revenue: $1,800

IRON SHARPENS IRON (ISI) - WE EXIST TO SEE THE YOUTH LEADERS OF THE SOUTH BEND COMMUNITY BECOME POSITIVE INFLUENCERS WHO CHALLENGE, ENCOURAGE, AND SHARPEN THEIR PEERS, THEIR FAMILIES, AND THEIR...

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IRON SHARPENS IRON (ISI) - WE EXIST TO SEE THE YOUTH LEADERS OF THE SOUTH BEND COMMUNITY BECOME POSITIVE INFLUENCERS WHO CHALLENGE, ENCOURAGE, AND SHARPEN THEIR PEERS, THEIR FAMILIES, AND THEIR COMMUNITY. WE BELIEVE THAT HEAVILY INVESTING IN A SMALL NUMBER OF STUDENTS AT A VERY DEEP LEVEL WILL PRODUCE GREATER LONG-TERM BENEFITS. ISI SERVED 75 STUDENTS IN THE YEAR ENDING JUNE 30, 2024.

Program 2
Expenses: $651

SUMMER SKILLS ACADEMY - THE SUMMER SKILLS ACADEMY PROVIDES YOUTH IN THE SOUTH BEND AREA WITH LOVING RELATIONSHIPS IN A SAFE ENVIRONMENT DURING SUMMER BREAK. YOUTH ARE ABLE TO PICK A LEARNING TRACK...

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SUMMER SKILLS ACADEMY - THE SUMMER SKILLS ACADEMY PROVIDES YOUTH IN THE SOUTH BEND AREA WITH LOVING RELATIONSHIPS IN A SAFE ENVIRONMENT DURING SUMMER BREAK. YOUTH ARE ABLE TO PICK A LEARNING TRACK, PARTICIPATE IN GROUP ACTIVITIES, RECEIVE TWO DAILY MEALS, PARTICIPATE IN SMALL GROUP MENTORING, AND GO ON FIELD TRIPS. ULTIMATELY, WE DESIRE FOR EVERYONE TO EXPERIENCE THE HOPE AND LOVE THAT JESUS OFFERS. SUMMER SKILLS SERVED 62 STUDENTS IN THE YEAR ENDING JUNE 30, 2024.

Program 3
Expenses: $4,250

SCHOLARSHIPS - THE ORGANIZATION PROVIDES A ONE YEAR SCHOLARSHIP FOR ANY IRON SHARPENS IRON PARTICIPANT WHO GRADUATES HIGH SCHOOL AND CHOOSES TO ATTEND COLLEGE. FIVE SCHOLARSHIPS WERE AWARDED DURING...

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SCHOLARSHIPS - THE ORGANIZATION PROVIDES A ONE YEAR SCHOLARSHIP FOR ANY IRON SHARPENS IRON PARTICIPANT WHO GRADUATES HIGH SCHOOL AND CHOOSES TO ATTEND COLLEGE. FIVE SCHOLARSHIPS WERE AWARDED DURING THE YEAR ENDING JUNE 30, 2024.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,546,262
Program Service Revenue $1,800
Investment Income $23,022
Other Revenue $-2,925
TOTAL REVENUE $1,568,159

Expense Breakdown

Grants Paid $4,250
Salaries & Benefits $637,866
Fundraising Expenses $104,158
Program Expenses $793,758
Other Expenses $559,127
TOTAL EXPENSES $1,201,243

Year-over-Year Comparison

2023 2022 Change
Revenue $1,568,159 $3,049,594 -0.5%
Expenses $1,201,243 $736,218 +0.6%
Net Income $366,916 $2,313,376 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
17
Volunteers
200

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
4
$90,775
Total Directors
8
$90,775
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KORY LANTZ EXECUTIVE DI 40.00
Officer Director
$88,775 $2,000 $90,775
TERRY BLEY VICE PRESIDE 0.38
Officer Director
$0 $0 $0
MARGIE HELMUTH TREASURER 0.38
Officer Director
$0 $0 $0
REDGINA HILL PRESIDENT 0.38
Officer Director
$0 $0 $0
MARK LANTZ BOARD MEMBER 0.38
Director
$0 $0 $0
STEPHEN LOVE BOARD MEMBER 0.38
Director
$0 $0 $0
RYAN MACK BOARD MEMBER 0.38
Director
$0 $0 $0
GIL MICHEL BOARD MEMBER 0.38
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 No data No data No data No data
2024 $1,568,159 $1,201,243 $7,450,508 $366,916
2023 $3,049,594 $736,218 $6,946,622 $2,313,376
2022 $3,611,713 $619,352 $4,293,130 $2,992,361
2021 $1,149,713 $440,930 $1,519,790 $708,783
2020 $593,116 $387,498 $574,776 $205,618
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