Transformation Network
Legal name: Transformation Network Inc
Nonprofit profile at a glance
- EIN
- 341947227
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Ashland, OH, United States
- Phone
- 419-207-1188
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
- Affiliation
- Christianity
Reported finances
- Revenue
- $2,851,701
- Expenses
- $2,976,784
- Assets
- $2,066,543
- Liabilities
- $340,110
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- WAYNE MULLET (EXECUTIVE DI): $64,101 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To inspire individuals to fulfill their purpose as God's masterpiece. As a faith-based nonprofit, we believe in the biblical idea of Iron Squared, or “iron sharpens iron.” Continuous support and personal improvement creates a culture of success for everybody, building a stronger community where people can become the masterpieces they were created to be. This emphasis on individual development within the workplace creates an environment people want to commit to and grow within, improving retention and recruitment for your business. Our mission statement:.
What it reported doing in 2024
Securing, maintaining and retention of employment for high risk individuals. Liberty's door program-biblically based program intended to move formerly imprisoned people off welfare by preparing them for employment and the retention of employment. The work experience program is a component of the Ohio works first initiative of the Ohio department of job and family services. Helping welfare recipients become employed and self-sufficient occurs through the work experience program by linking these individual recipients with local businesses in need of labor resources. Basic literacy education for employment geared to individuals with no high school education. Too little not too late focuses on individuals with little or no work experience.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 86
- Accountability: 74
- Sustainability: 32
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.9%; rating input score 97
- Program expense ratio: 91.5%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4.4%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: -5% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 40th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site
- Where the money goes: 96.9% of revenue deployed · 91.5% of spending went to programs
- Governance: 3 of 3 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $2.7M in reported program spending
- Leadership: top reported pay $64K · 4 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.