Transitions At Home Inc
Transitions At Home Inc shows rapid growth but consistently operates at a deficit with increasing liabilities.
EIN: 205835453 · Lakewood, CO · NTEE: E91 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $5.2M |
| Program Spending | 80% |
| Net Assets | $-714,320 |
| Transparency Score | 65/100 |
Is Transitions At Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Transitions At Home Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Transitions At Home Inc
Transitions At Home Inc (EIN: 205835453) is a nonprofit organization based in Lakewood, CO, classified under NTEE code E91. The organization reported total revenue of $6.2M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Transitions At Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Transitions At Home Inc is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $5.2M |
| Surplus / Deficit | $-2,900 |
| Total Assets | $1.7M |
| Total Liabilities | $2.5M |
| Net Assets | $-714,320 |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 140.8% |
| Months of Reserves | 4.0 months |
Financial Health Grade: C
In 2023, Transitions At Home Inc reported a deficit of $3K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 140.8% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Transitions At Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.8% | +10.9% | +30.5% |
| 2022 | +38.0% | +36.4% | +39.2% |
| 2021 | +46.6% | +48.8% | +33.4% |
| 2020 | +32.1% | +32.3% | +122.0% |
| 2019 | +16.6% | +10.0% | +23.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Transitions At Home Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Transitions At Home Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is a positive indicator for resource allocation towards the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Transitions At Home Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., 2023 expenses $5,197,428 vs. revenue $5,194,528.
- Liabilities frequently exceed assets, indicating potential solvency risks (e.g., 2023 assets $1,748,889 vs. liabilities $2,463,209).
- Rapid growth in liabilities without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Transitions At Home Inc:
- Significant revenue growth over the past decade, from $138,940 in 2016 to $5,194,528 in 2023.
- Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing executive overhead.
- Demonstrated ability to scale operations and expand services based on revenue and expense growth.
Frequently Asked Questions about Transitions At Home Inc
Is Transitions At Home Inc a legitimate charity?
Transitions At Home Inc (EIN: 205835453) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.2M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Transitions At Home Inc spend its money?
Transitions At Home Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Transitions At Home Inc tax-deductible?
Transitions At Home Inc is registered as a tax-exempt nonprofit (EIN: 205835453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Transitions At Home Inc's spending goes to programs?
Transitions At Home Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Transitions At Home Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Transitions At Home Inc is above average for NTEE category E91 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Transitions At Home Inc located?
Transitions At Home Inc is headquartered in Lakewood, Colorado and files with the IRS under EIN 205835453. It is classified under NTEE code E91.
How many years of IRS 990 filings does Transitions At Home Inc have?
Transitions At Home Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.2M in total revenue.
Is Transitions At Home Inc financially stable given its consistent deficit spending?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $5,197,428 expenses vs. $5,194,528 revenue in 2023), indicating a pattern of deficit spending. While assets have grown, liabilities have also increased significantly, often surpassing assets, which raises concerns about long-term financial stability.
What is the reason for the substantial increase in liabilities?
Liabilities have grown from $268,586 in 2016 to $2,463,209 in 2023. Without a detailed balance sheet, it's difficult to pinpoint the exact reasons, but it could be due to increased operational debt, program expansion costs, or other financial obligations.
How does the organization fund its operations despite consistent deficits?
Despite reporting expenses slightly higher than revenue, the organization has continued to grow. This could be sustained by drawing down on reserves (though assets are often less than liabilities), securing new loans, or receiving unrestricted grants that are not fully captured in the annual revenue figures provided.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for assessing spending efficiency and understanding how resources are allocated to the mission versus overhead.
Filing History
IRS 990 filing history for Transitions At Home Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Transitions At Home Inc's revenue has grown by 26.3%, moving from $4.1M to $5.2M. Total assets increased by 56.5% over the same period, from $1.1M to $1.7M. Total functional expenses rose by 26.6%, from $4.1M to $5.2M. In its most recent filing year (2023), Transitions At Home Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $1.7M in assets (debt-to-asset ratio: 140.8%), resulting in net assets of $-714,320.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $5.2M | $1.7M | $2.5M | — | — |
| 2022 | $4.6M | $4.7M | $1.3M | $2.1M | — | View 990 |
| 2021 | $3.3M | $3.4M | $963K | $1.6M | — | — |
| 2020 | $2.3M | $2.3M | $722K | $1.2M | — | — |
| 2019 | $1.7M | $1.7M | $325K | $730K | — | View 990 |
| 2018 | $1.5M | $1.6M | $264K | $632K | — | View 990 |
| 2017 | $774K | $893K | $185K | $431K | — | View 990 |
| 2016 | $139K | $266K | $142K | $269K | — | View 990 |
| 2012 | $5.2M | $5.9M | $0 | $0 | — | View 990 |
| 2011 | $4.1M | $4.1M | $1.1M | $373K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $5.2M, and assets of $1.7M (revenue +13.8% year-over-year).
- 2022: Revenue of $4.6M, expenses of $4.7M, and assets of $1.3M (revenue +38.0% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.4M, and assets of $963K (revenue +46.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.3M, and assets of $722K (revenue +32.1% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $325K (revenue +16.6% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.6M, and assets of $264K (revenue +89.2% year-over-year).
- 2017: Revenue of $774K, expenses of $893K, and assets of $185K (revenue +457.3% year-over-year).
- 2016: Revenue of $139K, expenses of $266K, and assets of $142K (revenue -97.3% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.9M, and assets of $0 (revenue +26.4% year-over-year).
- 2011: Revenue of $4.1M, expenses of $4.1M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Transitions At Home Inc:
Data Sources and Methodology
This transparency report for Transitions At Home Inc 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.