Transitions Halfway Ministries

Nonprofit profile at a glance

EIN
522397651
IRS 990 coverage
2016–2022
Forms available
Form 990 2022
Location
Memphis, TN, USA
Phone
9017626714
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Half-Way House for Offenders, Ex-Offenders

Reported finances

Revenue
$67,369
Expenses
$65,903
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • RON WADE (President)

People named in this filing

  • RON WADE (President)
  • THOMAS SNOW (Director)
  • MICHAEL MAXWELL (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's primary exempt purpose is to assist men in transitioning from life in prison to life in society as productive, law abiding citizens. This is accomplished by providing temporary housing, job placement services, emotional, spiritual & financial support & counseling. Having this level of support has the proven result of fewer men returning to prison after their release.

What it reported doing in 2022

A major change occurred in 2022. We entered into negotiations with HopeWorks, a 501(c)(3) organization, to assume responsibility for the operation of this ministry. We reached an agreement with them. They officially assumed operations at the end of business on April 30, 2022. At that time the process began for all of the assets to be transferred to HopeWorks and to file documents with the Tennessee Secretary of State and other state offices to terminate Transitions Halfway Ministries. All documents were filed and accepted by 9/30/22.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.

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: 80
  • Transparency & Controls: 86
  • Accountability: 64
  • Sustainability: 37
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.8%; rating input score 89
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 21st 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; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.2%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -13% per year; rating input score 0; 26th percentile among comparable filings
  • Revenue growth: -8.4% per year; rating input score 0; 38th percentile among comparable filings
  • Asset growth: -17% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 88.8% of revenue deployed · 90.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $60K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2016 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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 — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.