Transhealth Inc
- Assets
- $2.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 30
- Location
- Florence, MA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3541509
Organization Overview
Transhealth Inc is located in Florence, MA. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2022, Transhealth Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transhealth Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Transhealth Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 62.3% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HEALTHCARE THAT SUPPORTS AND EMPOWERS TRANS AND GENDER-DIVERSE INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Cohen Board Chair | OfficerTrustee | 1 | $0 |
Lauri Meade MD Board Member | Trustee | 1 | $5,000 |
Durane Walker MD Board Member | Trustee | 1 | $0 |
Adrian Daul MD Board Member | Trustee | 1 | $0 |
Peter Straley Board Member | Trustee | 1 | $0 |
Dallas Ducar CEO | Officer | 40 | $195,941 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,353,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,353,851 |
| Total Program Service Revenue | $850,775 |
| Investment income | $3,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,209,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,941 |
| Compensation of current officers, directors, key employees. | $78,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,555,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $467,932 |
| Payroll taxes | $156,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,448 |
| Office expenses | $211,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,715 |
| Travel | $20,825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,772 |
| Insurance | $30,361 |
| All other expenses | $0 |
| Total functional expenses | $3,406,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,313,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $357,519 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $67,158 |
| Net Land, buildings, and equipment | $336,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $496,637 |
| Total assets | $2,571,059 |
| Accounts payable and accrued expenses | $132,697 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $496,637 |
| Total liabilities | $629,334 |
| Net assets without donor restrictions | $1,781,995 |
| Net assets with donor restrictions | $159,730 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,571,059 |