TRANSITION SERVICES 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

1998

Legal Domicile

Principal Officer

ARMENA MKHITARYAN

Phone

7023831106

Tax Period

2024-07-01 to 2025-06-30

TRANSITION SERVICES INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $5.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $4.7M left a modest 13% surplus.

Mission

THE MISSION OF TRANSITION SERVICES, INC. IS TO PROVIDE MEANINGFUL WORK AND EXPERIENCES TO SUPPORT PEOPLE WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $4,004,986 Revenue: $5,170,661

THE MISSION OF TRANSITION SERVICES, INC. IS TO PROVIDE MEANINGFUL WORK EXPERIENCES TO SUPPORT PEOPLE WITH DISABILITIES. THIS INCLUDES THEIR PUBLICATION OF CIRCLES MAGAZINE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,616

Program Service Revenue $5,311,547

Investment Income $20,402

Other Revenue $0

TOTAL REVENUE $5,350,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,699,635

Fundraising Expenses $738

Program Expenses $4,004,986

Other Expenses $980,797

TOTAL EXPENSES $4,680,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,350,565	$5,693,905	-0.1%
Expenses	$4,680,432	$4,714,956	0.0%
Net Income	$670,133	$978,949	-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

153

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNA JEZIERSKA	PRESIDENT	1.00	Officer Director	$0	$0	$0
GINA GARNER-BALL	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE MARTIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL WASINGER	DIRECTOR	1.00	Director	$0	$0	$0
CHASE BUSH	DIRECTOR	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
2025	$5,350,565	$4,680,432	$5,686,584	$670,133
2024	$5,693,905	$4,714,956	$5,071,598	$978,949
2023	$4,072,348	$4,340,770	$4,598,630	$-268,422
2022	$5,369,624	$3,639,376	$4,196,720	$1,730,248
2021	$3,823,030	$3,248,796	$3,045,080	$574,234
2020	$3,918,261	$4,201,813	$2,547,604	$-283,552