Transformation Ministries Inc
- Assets
- $118.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hermitage, TN
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 90-0895738
Organization Overview
Transformation Ministries Inc is located in Hermitage, TN. The organization was established in 2014. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transformation Ministries 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, Transformation Ministries Inc generated $151.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $127.3k during the year ending 12/2022. While expenses have increased by 13.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Hughes President | 40 | $59,400 | |
Ginger Ludlow Executive Director | 20 | $35,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,733 |
| Total Program Service Revenue | $39,423 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $151,654 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $100,851 |
| Professional fees and other payments to independent contractors | $370 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $914 |
| Other expenses | $25,209 |
| Total expenses | $127,344 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,810 |
| Other assets | $0 |
| Total assets | $118,810 |
| Total liabilities | $0 |
| Net assets or fund balances | $118,810 |