TRANSFORM FINANCE INC

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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

2019

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $263,755 Revenue: $0

LED A MAJOR RESEARCH INITIATIVE TO UNDERSTAND THE LANDSCAPE OF ENTERPRISES WITH OWNERSHIP AND GOVERNANCE BY NON-INVESTOR STAKEHOLDERS. INTERVIEWED DOZENS OF INVESTMENT PRACTITIONERS TO UNDERSTAND THE BARRIERS TO FIELDWIDE CAPITAL INVESTMENT. HOSTED A CONVENING OF INVESTORS, LAUNCHED A MAJOR REPORT, DEVELOPED AND DELIVERED A FOLLOW-ON COMMUNICATIONS PLAN THAT INCLUDED ADDITIONAL ARTICLES, PUBLICATIONS, WEBINARS, CONFERENCE PRESENTATIONS,AND SOCIAL MEDIA ENGAGEMENT.

Program 2

Expenses: $24,056 Revenue: $18,603

DEVELOPED A SET OF RECOMMENDATIONS FOR THE BANKING SECTOR ON HOW TO ENGAGE COMMUNITIES IN THE CREATION AND DEPLOYMENT OF CAPITAL PRODUCTS. RELEASED A REPORT ON THE SUBJECT, SOCIALIZING THE MATERIALS...

Program 3

Expenses: $108,567 Revenue: $130,789

SUPPORTED A MAJOR FOUNDATION'S EVALUATION OF THE EFFECTIVENESS OF INCLUSIVE FINANCE INTERVENTIONS, WITH THE AIM OF ENSURING THAT INVESTMENTS ACHIEVE THEIR MISSION OUTCOMES OF CREATING DIGNIFIED...

SUPPORTED A MAJOR FOUNDATION'S EVALUATION OF THE EFFECTIVENESS OF INCLUSIVE FINANCE INTERVENTIONS, WITH THE AIM OF ENSURING THAT INVESTMENTS ACHIEVE THEIR MISSION OUTCOMES OF CREATING DIGNIFIED LIVELIHOODS FOR WOMEN AND YOUNG MEN IN AFRICA.

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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 $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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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

$109,352

Total Directors

$264,227

Key Employees

Highest Compensated

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