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New York · Nonprofit

TRANSFORM FINANCE INC

TRANSFORM FINANCE INC (New York) receives grants from 9 organizations whose IRS filings report $2,047,500 to it, the largest being SURDNA FOUNDATION INC ($570,000). 3 of them have funded it in more than one year.

Revenue FY2024
$550k
Funders on record
9
Grants received
$2.0M
Net assets
$473k
3/9 repeat funderspeak grant-dependency 70%
01What it does

What Transform Finance Inc does

Mission

To align capital with social justice values, and help activists and community leaders access capital as a tool for transformative social change. We empower community leaders to shape how capital flows affect them - both in terms of holding capital accountable and having a say in its deployment - by demystifying finance and building capacity for activists and community leaders. We support members of the community who have historically been excluded from capital decisions to reclaim their seat at the table. We support investors committed to deepening their impact investment practice to adopt transformative approaches and demonstrate the viability of the approach via education, concrete tools and strategies, and overall guidance. We foster a new discourse and collaboration between these two sets of previously disconnected stakeholders - investors and social justice practitioners - by creating connections, breaking down barriers of knowledge and values, and facilitating dialogue.

As stated on its FY2024 Form 990.

Programs

  1. Led a major research initiative to understand the landscape of enterprises with ownership and governance by non-investor stakeholders. Interviewed dozens of investment practitioners to understand the barriers to fieldwide capital investment. Hosted a convening of investors, launched a major report, developed and delivered a follow-on communications plan that included additional articles, publications, webinars, conference presentations,and social media engagement.

    $235,210 spent
    43% of program spending
  2. Developed a set of recommendations for the banking sector on how to engage communities in the creation and deployment of capital products. Released a report on the subject, socializing the materials through industry networks and public presentations.

    $27,020 spent$7,632 earned by the program
    5% of program spending
  3. Supported a major foundation's evaluation of the effectiveness of inclusive finance interventions, with the aim of ensuring that investments achieve their mission outcomes of creating dignified livelihoods for women and young men in africa.

    $186,535 spent$116,858 earned by the program
    34% of program spending
  4. Continue to develop resource database on website, including a new learning hub on alternative ownership enterprises. Support a variety of field initiatives by participating in working groups, steering committees, and brain trusts. Participated in a civil assessment roundtable for wells fargo. Held introductory conversations with our audience and stakeholders. Presented at a variety of conferences and other organizational events.

    $100,621 spent
    18% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $549,386.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($529k) Expenses 100 ($486k) Net assets 100 ($316k)2022 Revenue 187 ($989k) Expenses 91 ($443k) Net assets 273 ($862k)2023 Revenue 75 ($399k) Expenses 128 ($622k) Net assets 202 ($640k)2024 Revenue 104 ($550k) Expenses 147 ($717k) Net assets 150 ($473k)
2021202220232024
Revenue (104)Expenses (147)Net assets (150)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $361k to $1.1M (+216%).

$361k
$1.1M
$669k
$525k
2021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

77% of TRANSFORM FINANCE INC’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).

This organization
Typical peer · 12,439 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 4 reported years ran a deficit.

$43k
’21
$546k
’22
−$223k
’23
−$167k
’24
8.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Curtis Lyon

Director/executive director

As listed on its FY2024 Form 990.

2021202220232024
Listed5555
Joined·+0+0+0
No longer listed·000
03Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $80k → $280k.

2 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 13% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of TRANSFORM FINANCE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

TRANSFORM FINANCE INC leans on a few funders — its largest provides 28% of grant income and the top three 68%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

28%
largest funder
68%
top three
~5
effective funders

Largest funder’s share by year: 2021 100% · 2022 64% · 2023 71% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

54% of TRANSFORM FINANCE INC's grant income comes from New York funders.

NY
PA
NJ
CT
UT

In-state vs out-of-state, by year

’22
’23
New York out of state home

Funder states come from each funder’s own filing. $260k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

TRANSFORM FINANCE INC is better cushioned than half of the 11,971 community improvement nonprofits its size.

Operating margin−30% · bottom quartile
Months of reserve8.4mo · above the median
Revenue growth (annualized)1% · below the median

this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024

Organizations like TRANSFORM FINANCE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

77% of spending goes to programs.

Program 77%Management 23%Fundraising 0%

Governance

5
board members
60%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

79%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 3 states

NY
WV
DE

Screen this organization

A dated, signed PDF of the compliance screen for TRANSFORM FINANCE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds TRANSFORM FINANCE INC?
TRANSFORM FINANCE INC (New York) receives grants from 9 organizations whose IRS filings report $2,047,500 to it, the largest being SURDNA FOUNDATION INC ($570,000). 3 of them have funded it in more than one year.
How many funders does TRANSFORM FINANCE INC have?
IRS filings report 9 organizations giving $2,047,500 in grants to TRANSFORM FINANCE INC, 3 of which have funded it in more than one year.
Who is the largest funder of TRANSFORM FINANCE INC?
SURDNA FOUNDATION INC is the largest funder on record, with $570,000 in grants. The full list of funders is on this page.
How can an organization like TRANSFORM FINANCE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Transform Finance →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing