Civic Intelligence

Transformation 1040

990 • Fiscal year 2022 • EIN 47-1782547

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 05, 2023

Organization ProfileWWW.TRANSFORMATION1040.ORG
PO Box 951Wheaton, IL 60187

(630) 580-5663

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

12th percentile

-42%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$67,535

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

16th percentile

-31%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-50%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$294,840

Down $134,466 (-31%) from 2021

Net Assets

Down

$293,968

Down $133,760 (-31%) from 2021

Liabilities

Down

$872

Down $706 (-45%) from 2021

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin12th percentile

Revenue

Down

$317,785

Down $320,833 (-50%) from 2021

Expenses

Up

$451,545

Up $152,799 (+51%) from 2021

Net Income

Down

-$133,760

Down $473,632 (-139%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2015: $46,878Liabilities 2015: $0Net Assets 2015: $46,8782015Assets 2016: $97,394Liabilities 2016: $72,971Net Assets 2016: $24,4232016Assets 2017: $87,357Liabilities 2017: $800Net Assets 2017: $86,5572017Assets 2018: $88,213Liabilities 2018: $821Net Assets 2018: $87,3922018Assets 2019: $84,268Liabilities 2019: $838Net Assets 2019: $83,4302019Assets 2020: $88,743Liabilities 2020: $870Net Assets 2020: $87,8732020Assets 2021: $429,306Liabilities 2021: $1,578Net Assets 2021: $427,7282021Assets 2022: $294,840Liabilities 2022: $872Net Assets 2022: $293,9682022Assets 2023: $149,861Liabilities 2023: $1,258Net Assets 2023: $148,6032023Assets 2024: $179,188Liabilities 2024: $1,671Net Assets 2024: $177,5172024

Highlighted filing

2022

Assets$294,840
Liabilities$872
Net Assets$293,968
Open 2022 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $82,027Expenses 2015: $35,149Net Income 2015: $46,8782015Revenue 2016: $180,981Expenses 2016: $203,436Net Income 2016: -$22,4552016Revenue 2017: $238,453Expenses 2017: $176,319Net Income 2017: $62,1342017Revenue 2018: $273,947Expenses 2018: $273,112Net Income 2018: $8352018Revenue 2019: $236,404Expenses 2019: $240,365Net Income 2019: -$3,9612019Revenue 2020: $197,992Expenses 2020: $193,549Net Income 2020: $4,4432020Revenue 2021: $638,618Expenses 2021: $298,746Net Income 2021: $339,8722021Revenue 2022: $317,785Expenses 2022: $451,545Net Income 2022: -$133,7602022Revenue 2023: $236,471Expenses 2023: $381,836Net Income 2023: -$145,3652023Revenue 2024: $546,599Expenses 2024: $517,685Net Income 2024: $28,9142024

Highlighted filing

2022

Revenue$317,785
Expenses$451,545
Net Income-$133,760
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 5, 2023
Return Version
2022v5.0
Gross Receipts
$317,785
Mission and Program Overview

Mission

Our desire is to transform every village in northern india with the gospel by partnering the global church with indigenous church planters engaged in holistic community development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$414,240$294,840▼ $119,400
Savings and Temporary Cash Investments$10,066$0▼ $10,066
Accounts Receivable$5,000$0▼ $5,000
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$429,306$294,840▼ $134,466
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,578$872▼ $706
Total Liabilities$1,578$872▼ $706
Net Assets / Fund Balance
Net Assets With Donor Restrictions$486,928$402,200▼ $84,728
Net Assets Without Donor Restrictions$-59,200$-108,232▼ $49,032
Total Net Assets Fund Balance$427,728$293,968▼ $133,760
Total Liabilities and Net Assets / Fund Balance$429,306$294,840▼ $134,466
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Biju ThomasPres/Exec DirectorPT$60,000$7,535$67,535

Board Members and Trustees

NameTitle
Norman JamesonChairman
Greg SwaimDirector
Jayson WestDirector
Maureen BravoDirector
Bob JonesSecretary
Chad LingerfeltVce CHR & Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$317,785
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$317,785
Change in Net Assets
$-133,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$350,049
Salaries, Compensation, and Employee Benefits$72,125
Other Expenses$29,371
Total Fundraising Expense$6,655
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$350,049--$350,049
Current Officers, Directors, Trustees, and Key Employees-$67,535-$67,535
Fees for Services Accounting-$10,320-$10,320
Fees for Services Other-$1,236$5,542$6,778
Travel-$5,795$586$6,381
Payroll Taxes-$4,590-$4,590
Information Technology-$2,267-$2,267
Other Expenses-$581$527$581
All Other Expenses-$341-$341
Office Expenses-$291-$291
Total Functional Expenses$350,049$94,841$6,655$451,545
International Activity

International Summary

Spending
$350,049

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaGrants to Recipients in Region-00$350,049
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is circulated among board members for review prior to filing.”

Form 990, Part VI, Section C, Line 19

“Governing documents made available upon request.”

Filing and Contact Details

Filer

Filer Name
Transformation 1040 Inc
EIN
47-1782547
Phone
6305805663
Address
PO BOX 951, WHEATON, IL 60187

Signing Officer

Name
Biju Thomas
Title
President
Signed
2023-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Biju Thomas
Formed
2014
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
6
Employees
1
Volunteers
9

Preparer

Firm
BURRITT CARLSON & ASSOCIATES CPAs LLC
Address
2323 N NAPERVILLE RD STE 230, NAPERVILLE, IL 60563
Preparer
Julie Carlson CPA
Phone
6303691899
Raw XML AppendixShowing 400 of 415 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$294,840
Liabilities
$872
Net assets
$293,968
Revenue
$317,785
Expenses
$451,545
Net income
-$133,760
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.02$1.78$5.47$5.18$0.29
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.01$1.49$2.36$3.82$1.45
2022Detailed filing. Detailed filing data is available for this year.$2.95$0.01$2.94$3.18$4.52$1.34
2021Detailed filing. Detailed filing data is available for this year.$4.29$0.02$4.28$6.39$2.99$3.40
2020Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.88$1.98$1.94$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.01$0.83$2.36$2.40$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$2.74$2.73$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.01$0.87$2.38$1.76$0.62
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.73$0.24$1.81$2.03$0.22
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.82$0.35$0.47