Transition 123 Inc

Nonprofit profile at a glance

EIN
371474082
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022, Form 990-N 2019
Location
Detroit, MI, USA
Phone
2488092379
Rating
50
Verdict
MIXED
Rating confidence
Moderate
Sector
Personal Social Services

Reported finances

Revenue
$204,055
Expenses
$148,528
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • CHACRICE MILES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CHACRICE MILES (EXECUTIVE DIRECTOR): $68,520 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Transition nbsp;123 nbsp; mission nbsp; is nbsp; to nbsp; be nbsp; a nbsp; catalyst nbsp; in nbsp; the nbsp; lives nbsp; of nbsp; dis-enfranchised nbsp; women nbsp; to nbsp; move nbsp; them nbsp; to nbsp; a nbsp; plateau nbsp; of nbsp; success nbsp; in nbsp; every nbsp; aspect nbsp; of nbsp; their nbsp; lives nbsp; spiritually nbsp; physically nbsp; emotionally nbsp; and nbsp; financially

What it reported doing in 2024

Advertising and marketing bank charges and fees travel expenses and repairs gas parking employee benefits mileage reimbersement event space vendors

Operating model

Revenue model
Grant-funded. 87% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. 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: 33
  • Transparency & Controls: 81
  • Accountability: 37
  • Sustainability: 39
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25%; rating input score 25
  • Program expense ratio: 34.4%; rating input score 34
  • Fundraising efficiency: $43.72 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: Fail

Sustainability

  • Operating margin: 27.2%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 46.1%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -59.6% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 45.5% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 25% of revenue deployed · 34.4% of spending went to programs
  • Governance: 0 of 5 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $22K in reported program spending
  • Leadership: top reported pay $69K · 1 people listed
  • Consistency: 16 of 19 current checks pass · 3 findings to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 25/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 34/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX CompCurrentOfficersDirectors column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 5/100.