TRANSFORM FINANCE INC

EIN: 842283500 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$399,392
Total Expenses
$622,361
Total Assets
$668,914
Net Assets
$639,526
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DE
Principal Officer
CURT LYON
Phone
6177337773
Tax Period
2023-01-01 to 2023-12-31

TRANSFORM FINANCE INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $399K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $622K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO ALIGN CAPITAL WITH SOCIAL JUSTICE VALUES, AND HELP ACTIVISTS AND COMMUNITY LEADERS ACCESS CAPITAL AS A TOOL FOR TRANSFORMATIVE SOCIAL CHANGE. WE EMPOWER COMMUNITY LEADERS TO SHAPE HOW CAPITAL FLOWS AFFECT THEM - BOTH IN TERMS OF HOLDING CAPITAL ACCOUNTABLE AND HAVING A SAY IN ITS DEPLOYMENT - BY DEMYSTIFYING FINANCE AND BUILDING CAPACITY FOR ACTIVISTS AND COMMUNITY LEADERS. WE SUPPORT MEMBERS OF THE COMMUNITY WHO HAVE HISTORICALLY BEEN EXCLUDED FROM CAPITAL DECISIONS TO RECLAIM THEIR SEAT AT THE TABLE. WE SUPPORT INVESTORS COMMITTED TO DEEPENING THEIR IMPACT INVESTMENT PRACTICE TO ADOPT TRANSFORMATIVE APPROACHES AND DEMONSTRATE THE VIABILITY OF THE APPROACH VIA EDUCATION, CONCRETE TOOLS AND STRATEGIES, AND OVERALL GUIDANCE. WE FOSTER A NEW DISCOURSE AND COLLABORATION BETWEEN THESE TWO SETS OF PREVIOUSLY DISCONNECTED STAKEHOLDERS - INVESTORS AND SOCIAL JUSTICE PRACTITIONERS - BY CREATING CONNECTIONS, BREAKING DOWN BARRIERS OF KNOWLEDGE AND VALUES, AND FACILITATING DIALOGUE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $250,000
Program Service Revenue $149,392
Investment Income $0
Other Revenue $0
TOTAL REVENUE $399,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $428,932
Fundraising Expenses $0
Program Expenses $468,644
Other Expenses $193,429
TOTAL EXPENSES $622,361

Year-over-Year Comparison

2023 2022 Change
Revenue $399,392 $989,329 -0.6%
Expenses $622,361 $443,020 +0.4%
Net Income $-222,969 $546,309 -1.4%
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
4
Independent Members
3
Employees
4
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
1
$109,352
Total Directors
5
$264,227
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA ARMENI BOARD MEMBER 40.00
Director
$154,875 $0 $154,875
CURTIS LYON DIRECTOR 40.00
Officer Director
$97,482 $11,870 $109,352
CATHY ALBISA BOARD MEMBER 2.50
Director
$0 $0 $0
ANER BEN-AMI BOARD MEMBER 2.50
Director
$0 $0 $0
CHID LIBERTY BOARD MEMBER 1.00
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
2024 No data No data No data No data
2023 $399,392 $622,361 $668,914 $-222,969
2022 $989,329 $443,020 $1,139,613 $546,309
2021 $529,498 $486,032 $360,507 $43,466
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