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Transforming Resources

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 743256267 ✦ Eden prairie, MN ✦ Designated as a 501(c)(3)

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Overview

What is Transforming Resources?

Transforming Resources is a nonprofit organization, located in Eden Prairie, Minnesota, that offers Christian counseling, life coaching, and consulting services. They have dedicated their mission to assisting individuals, couples, families, and churches by providing professional guidance. Last year alone, they offered 1730 hours of service, with some recipients receiving scholarships and discounts totaling $23,117. Their team consists of just two dedicated individuals, working diligently to make a positive impact in people's lives.


Official website here: www.transformingresources.org

What are the reviews and ratings of this charity?

Charity Navigator rates Transforming Resources with a score of 72%, which corresponds to a Two-Star out of Four Star rating. This score reflects the organization's performance in areas of accountability and finance, indicating that while there are strengths, there are also significant areas that require improvement.

The organization demonstrates strengths in having a sizable independent board and maintaining strong scores in material diversion of assets and liabilities to assets ratio. They have implemented essential policies like a conflict of interest policy and maintain transparency through accessible board meeting minutes and tax form listings. However, the absence of a whistleblower policy and deficiencies in document retention practices raise concerns regarding governance and accountability.

Despite these limitations, Transforming Resources maintains a solid program expense ratio, indicating that a substantial portion of its resources is allocated directly to its programs. Addressing the noted governance issues could enhance the organization's rating and overall effectiveness in fulfilling its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Transforming Resources legitimate?

Transforming Resources is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transforming Resources submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $126,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,562

For more financial information, click here


Official website here: www.transformingresources.org

What is the mission statement of Transforming Resources?

Transforming Resources, an organization, is dedicated to offering Christian counseling, life coaching, and consulting services. Their mission is to provide these services, aiming to support individuals, couples, families, and churches in a spiritual context. The organization has provided over 1700 hours of professional counseling, life coaching, and consulting in ministry appointments, with a notable effort to offer scholarships and discounts worth approximately $23,000.


Official website here: www.transformingresources.org

Who is the CEO of Transforming Resources?

Katherine Wahlquist is the Treasurer of Transforming Resources. The CEO's salary of Transforming Resources is $93,000 and their total compensation is $126,300.


Official website here: www.transformingresources.org

What is the revenue of Transforming Resources?

Transforming Resources's revenue in 2022 was $414,350.


Official website here: www.transformingresources.org

Who are the executives of Transforming Resources and what are their salaries?

The average compensation at Transforming Resources during 2022 was $63,931. There are 2 employees and 4 volunteers at Transforming Resources.


Here are 6 key members and their salaries (Transforming Resources's CEO's salary is $93,000 and their total compensation is $126,300):


Harold G Wahlquist Jr (Chairman & Ceo)
  • Compensation: $93,000
  • Related: $0
  • Other: $33,300
Katherine Wahlquist (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Wahlquist (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dirk Gasterland (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Lynum (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Ramaker (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.transformingresources.org

Where can I find the form 990 for Transforming Resources?

Transforming Resources's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.transformingresources.org

Learn more at the official website: www.transformingresources.org

Mission Statement of Transforming Resources

Transforming Resources, a non-profit organization, is dedicated to offering Christian counseling, life coaching, and consulting services. Their mission is centered around providing professional support to individuals, couples, families, and churches, offering a total of 1730 hours of counseling sessions. Notably, they have extended their services to those in need through scholarships and discounts, amounting to $23,117.

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Impact




June, 2024

Transforming Resources has made a significant impact by providing 1730 hours of professional Christian counseling, life coaching, and consulting services to individuals, couples, families, and churches. They have also offered counseling scholarships and discounts totaling $23,117. This has directly contributed to improving the mental health and well-being of numerous people in the community.




This information is meant to be a general summary of Transforming Resources. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$414,350 (2022)
Expenses
$377,539 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $194
  • Program Service Revenue: $319,060
  • Gross Receipts: $414,350

Assets and Liabilities:

  • Total Assets: $79,522
  • Total Liabilities: $0
  • Net Assets: $79,522

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Counseling Fees

Revenue

$319,060

Organization Details

Founding Year

2008

Principal Officer

Katherine Wahlquist

Main Address

250 Prairie Center Dr 350, Eden Prairie, MN, 55344

NTEE Category

Code: F60 - Mental health

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