Transform Capital

Nonprofit profile at a glance

EIN
853613051
IRS 990 coverage
2021–2025
Forms available
Form 990 2025, Form 990-N 2020
Location
Libertyville, IL, USA
Phone
3123078774
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$512,362
Expenses
$45,835
Assets
$5,076,178
Liabilities
$2,057,823

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Highest reported compensation

  • ANDREA MCCRORY (CONTRACTED COMMUNITY LIAISON): $4,800 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Transform capital is a lending platform which raises tax-deductable funding and places that funding into market-rate or below market-rate mortgage and business loans for deserving families in dis-invested local communities.

What it reported doing in 2025

Catalyst / in addition to capital, we provide catalyst for the entire journey of asset ownership-seeking to ignite generational advantage for deserving families. Lending is simply a reason to be in relationship, and we journey with clients for decades - well beyond any loan "transaction". We activate the talents of our growing movement to encourage the dreams of our client families. This encouragement can take many forms, including helping to open (or expand) a small business, or referring clients to other organizations or individuals for resource, counseling, or coaching. We do not build new programs, but rather leverage a vast network of individuals and other organizations to walk alongside our clients. We also frequently engage with other partners in evaluating broader economic development and other projects which can enhance the quality of life in our local communities.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 60% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 94
  • Accountability: 65
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 6.4%; rating input score 6
  • Program expense ratio: 72.3%; rating input score 72
  • Fundraising efficiency: $605.46 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 14th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 91.1%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 110.75; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 10.5%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 46.5% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 22.5% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 50.6% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 6.4% of revenue deployed · 72.3% of spending went to programs
  • Governance: 3 of 6 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $33K in reported program spending
  • Leadership: top reported pay $5K · 6 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 6/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.