TRANSITIONAL RESOURCES (EIN 910967836) - 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

1976

Legal Domicile

Principal Officer

DARCELL SLOVEK-WALKER

Phone

2068832051

Tax Period

2024-01-01 to 2024-12-31

TRANSITIONAL RESOURCES, founded in 1976, is a community nonprofit in the Mental Health sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $6.1M left a modest 13% surplus.

Mission

TO BUILD BETTER HEALTH, STABLE HOUSING, AND A COMMUNITY OF SUPPORT FOR PEOPLE LIVING WITH MENTAL ILLNESS.

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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 $5,831,964

Program Service Revenue $1,155,684

Investment Income $63,139

Other Revenue $-44,019

TOTAL REVENUE $7,006,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,317,189

Fundraising Expenses $126,868

Program Expenses $5,462,904

Other Expenses $1,760,888

TOTAL EXPENSES $6,078,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,006,768	$5,409,710	+0.3%
Expenses	$6,078,077	$5,048,841	+0.2%
Net Income	$928,691	$360,869	+1.6%

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

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

$190,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARCELL SLOVEK-WALKER	CEO	40.00	Officer	$180,025	$10,831	$190,856
JULIE WATKINS	CHIEF OF CLINICAL SERVICES	40.00	Highest	$141,058	$10,831	$151,889
SOMAIEH ZAER SABET	ACCOUNTING MANAGER	40.00	Highest	$132,655	$737	$133,392
SKIP WATERS	DIRECTOR OF SUPPORTIVE HOUSING	40.00	Highest	$118,732	$10,831	$129,563
STEPHANIE THOMPSON	ENHANCED ICSRP PROGRAM MANAGER	40.00	Highest	$117,463	$10,831	$128,294
ASHLEY BURCH	HOUSING MANAGER	40.00	Highest	$111,833	$10,831	$122,664
RACHEL MOKRY MA	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN BAILEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PER-OLAF SWANSON MPA	TREASURER	1.00	Officer Director	$0	$0	$0
MIRIAM CHILTON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN DAVIDSON JD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DRESANG MD	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL FENIMORE MSN ARNP	DIRECTOR	1.00	Director	$0	$0	$0
CATHLYN FRAGUELA RIOS LICSW	DIRECTOR	1.00	Director	$0	$0	$0
CAREY LEFKOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LEVERSEE MD LMHC	DIRECTOR	1.00	Director	$0	$0	$0
SARA MATHEWS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE NIELSEN	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA WEISMAN	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
2024	$7,006,768	$6,078,077	$11,480,869	$928,691
2023	$5,409,710	$5,048,841	$10,489,378	$360,869
2022	$4,500,103	$3,455,981	$10,035,815	$1,044,122
2021	$3,240,852	$3,029,288	$9,118,257	$211,564
2020	$3,418,229	$2,771,627	$9,030,136	$646,602
2019	$3,689,552	$2,783,233	$8,506,443	$906,319
2018	$2,922,344	$2,578,892	$7,805,788	$343,452

TRANSITIONAL RESOURCES