Transformation 1040

EIN: 471782547 · Wheaton, IL · NTEE: Q33

$547KRevenue

$179KAssets

0/100Mission Score (Very Poor)

Q33

About Transformation 1040

Transformation 1040 (EIN: 471782547) is a nonprofit organization based in Wheaton, IL, classified under NTEE code Q33. The organization reported total revenue of $547K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Transformation 1040's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Analysis Pending

AI enrichment for Transformation 1040 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Transformation 1040 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Filing History

IRS 990 filing history for Transformation 1040 showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2015–2023), Transformation 1040's revenue has grown by 188.3%, moving from $82K to $236K. Total assets increased by 219.7% over the same period, from $47K to $150K. Total functional expenses rose by 986.3%, from $35K to $382K. In its most recent filing year (2023), Transformation 1040 reported a deficit of $145K, with expenses exceeding revenue. The organization holds $1K in liabilities against $150K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $149K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$236K	$382K	$150K	$1K	—	—
2022	$318K	$452K	$295K	$872	—	View 990
2021	$639K	$299K	$429K	$2K	—	View 990
2020	$198K	$194K	$89K	$870	—	View 990
2019	$236K	$240K	$84K	$838	—	View 990
2018	$274K	$273K	$88K	$821	—	View 990
2017	$238K	$176K	$87K	$800	—	View 990
2016	$181K	$203K	$97K	$73K	—	View 990
2015	$82K	$35K	$47K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $236K, expenses of $382K, and assets of $150K (revenue -25.6% year-over-year).
2022: Revenue of $318K, expenses of $452K, and assets of $295K (revenue -50.2% year-over-year).
2021: Revenue of $639K, expenses of $299K, and assets of $429K (revenue +222.5% year-over-year).
2020: Revenue of $198K, expenses of $194K, and assets of $89K (revenue -16.2% year-over-year).
2019: Revenue of $236K, expenses of $240K, and assets of $84K (revenue -13.7% year-over-year).
2018: Revenue of $274K, expenses of $273K, and assets of $88K (revenue +14.9% year-over-year).
2017: Revenue of $238K, expenses of $176K, and assets of $87K (revenue +31.8% year-over-year).
2016: Revenue of $181K, expenses of $203K, and assets of $97K (revenue +120.6% year-over-year).
2015: Revenue of $82K, expenses of $35K, and assets of $47K.

Data Sources and Methodology

This transparency report for Transformation 1040 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.