Transitions Inc (EIN 870669128) - 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

2001

Legal Domicile

Principal Officer

Wayne Asbury

Tax Period

2023-01-01 to 2023-12-31

Transitions Inc, founded in 2001, is a small nonprofit in the Education sector that reported $803K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $755K left a modest 6% surplus.

Mission

Provide opportunities for disabled individuals to learn pre-vocational and independent living skills.

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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 $692,864

Program Service Revenue $78,866

Investment Income $3,500

Other Revenue $27,985

TOTAL REVENUE $803,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,702

Fundraising Expenses $0

Program Expenses $689,388

Other Expenses $253,098

TOTAL EXPENSES $754,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$803,215	$724,680	+0.1%
Expenses	$754,800	$659,591	+0.1%
Net Income	$48,415	$65,089	-0.3%

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

$85,973

Total Directors

$126,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wayne Asbury	Director	40.00	Officer Director	$43,321	$0	$43,321
Janis Dyer	Secretary	40.00	Officer Director	$42,652	$0	$42,652
Karen Griffin	Board Member	20.00	Director	$34,351	$0	$34,351
Susan Doran	Board Member	9.00	Director	$6,536	$0	$6,536
Betty Pehrson	Board Member	0.00	Director	$0	$0	$0
Kathleen Packish	Board Member	0.00	Director	$0	$0	$0
Mitchell Asbury	Board Member	0.00	Director	$0	$0	$0
Joyce Pehrson	Board Member	0.00	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	$803,215	$754,800	$1,124,741	$48,415
2022	$724,680	$659,591	$1,085,433	$65,089
2021	$865,170	$739,545	$1,066,076	$125,625
2020	$1,179,080	$1,158,406	$1,111,292	$20,674
2019	$965,698	$1,011,750	$1,036,110	$-46,052
2018	$821,290	$836,021	$1,109,133	$-14,731

Transitions Inc