Transitions Incorporated
Nonprofit profile at a glance
- EIN
- 610707125
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Covington, KY, USA
- Phone
- 8594914435
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Rehabilitation Services for Offenders
Reported finances
- Revenue
- $7,582,350
- Expenses
- $6,929,328
- Assets
- $19,892,855
- Liabilities
- $2,866,729
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- PETER WEICKGENANNT (PRESIDENT)
- JOE KATHMAN (VICE PRESIDENT)
- JIM BEITING (CEO)
Highest reported compensation
- JIM BEITING (CEO): $204,136 total reported compensation
- DR JOSH HARRISON (CHIEF CLINICAL OFFICER): $150,504 total reported compensation
- KATIE FLOYD (CFO): $119,439 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We provide evidence-based, person-centered substance use disorder treatment and recovery services so individuals can lead their most meaningful and healthy lives.
What it reported doing in 2024
Transitions is a multi-location social service agency that provides the full continuum of treatment services for adults with substance use disorders. The organization is accredited by the commission on accreditation of rehabilitation facilities (carf). Under the care of the medical director and nursing team, triage is the first step in the continuum of care. In triage, individuals are medically and clinically assessed and provided with clinical recommendations for further care which can include, but not be limited to, residential services, intensive outpatient services or outpaitent services. Clients participating in intensive residential treatment receive individual, group and family education and therapy as well as participate in other recovery based activities to encourage a life of recovery, health, and wellness. Clients participating in intensive outpatient (iop) and outpatient services engage in weekly intensive group therapy and individual therapy while also participating in community recovery support. Other services provided by transitions include mat, onsite health clinic, mental health therapy targeted case management, certified peer support, and recovery housing. The overarching objectives for every level of care we provide is to jumpstart and individual's life in recovery. We do this through individualized treatment planning, patient-centered care, evidenced-based intervention strageties, and a compassionate commitment to top quality care.
Operating model
- Revenue model
- Earned-program. 93% 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. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 74
- Accountability: 95
- Sustainability: 60
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.2%; rating input score 72
- Program expense ratio: 82.6%; rating input score 83
- Fundraising efficiency: $1.8 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.6%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 2.87; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 8.3%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: -1% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 14.6% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 72.2% of revenue deployed · 82.6% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $5.7M in reported program spending
- Leadership: top reported pay $204K · 15 people listed · 2 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.