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Nonprofiteer
← TRANSFORMING AGE FOUNDATION

Form 990 for tax year 2024

Filed by TRANSFORMING AGE FOUNDATION.

Totals

Total revenue
$1,020,823
Total expenses
$946,051
Contributions and grants received
$754,203
Grants paid
$468,774
Program service revenue
$160,000
Investment income
$106,620
Other revenue
$0
Total assets, end of year
$5,866,861
Total liabilities, end of year
$1,635,329
Net assets or fund balances, end of year
$4,231,532
Program services expenses (Part IX)
$468,774
Management and general expenses
$477,277
Fundraising expenses
$0
Program service expenses (Part III)
$468,774

Program services were 49.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $754,203

  • 2a · Program service revenue: FUNDRAISING FEES

    total $160,000 · related or exempt $160,000

  • 3 · Investment income

    total $84,109 · excluded $84,109

  • 7a · Gross sales of assets other than inventory

    securities $465,391

  • 7b · Less cost or other basis and sales expenses

    securities $442,380 · other assets $500

  • 7c · Gain or loss

    securities $23,011 · other assets -$500

  • 7d · Net gain or loss

    total $22,511 · excluded $22,511

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $346,540 · program services $346,540

  • 2 · Grants to domestic individuals

    total $122,234 · program services $122,234

  • 7 · Other salaries and wages

    total $248,976 · management and general $248,976

  • 8 · Pension plan contributions

    total $7,785 · management and general $7,785

  • 9 · Other employee benefits

    total $32,488 · management and general $32,488

  • 10 · Payroll taxes

    total $19,390 · management and general $19,390

  • 11c · Fees: accounting

    total $37,480 · management and general $37,480

  • 11f · Fees: investment management

    total $7,986 · management and general $7,986

  • 11g · Fees: other

    total $101,943 · management and general $101,943

  • 12 · Advertising and promotion

    total $230 · management and general $230

  • 13 · Office expenses

    total $2,457 · management and general $2,457

  • 14 · Information technology

    total $6,563 · management and general $6,563

  • 17 · Travel

    total $5,395 · management and general $5,395

  • 19 · Conferences, conventions and meetings

    total $3,556 · management and general $3,556

  • 23 · Insurance

    total $764 · management and general $764

  • 24a · Other expenses: ALL OTHER EXPENSES

    total $1,807 · management and general $1,807

  • 24b · Other expenses: LICENSES & FEES

    total $445 · management and general $445

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $12 · management and general $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395,324 · end of year $838,579

  • 4 · Accounts receivable

    beginning of year $6,000 · end of year $5,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,712 · end of year $4,837

  • 11 · Investments: publicly traded securities

    beginning of year $3,723,744 · end of year $3,535,476

  • 15 · Other assets

    beginning of year $1,315,714 · end of year $1,482,469

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,162 · end of year $49,460

  • 25 · Other liabilities

    beginning of year $1,477,170 · end of year $1,585,869

  • 27 · Net assets without donor restrictions

    beginning of year -$22,838 · end of year $19,558

  • 28 · Net assets with donor restrictions

    beginning of year $3,917,000 · end of year $4,211,974

Mission and programs · 2024

Mission

TO SUPPORT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST'S MISSION BY ENHANCING THE QUALITY OF LIFE, VITALITY AND WELLNESS OF THE AGING, THEIR FAMILIES AND TEAM MEMBERS. THE FOUNDATION ALSO SUPPORTS MANY RESIDENT ACTIVITIES AND COMMUNITY OUTREACH EFFORTS IN THE GREATER SEATTLE AREA.

Activities or mission (Part I)

TO SUPPORT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST'S MISSION.

  • THE FOUNDATION SUPPORTS MANY RESIDENT ACTIVITIES AND COMMUNITY OUTREACH EFFORTS IN THE GREATER SEATTLE AREA. ALL FUNDS DONATED TO THE FOUNDATION GO TO SUPPORT A VARIETY OF PROGRAMS AND CAUSES AT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST. MOST NOTABLY, THE FOUNDATION HELPS SUPPORT SENIOR LIVING, THE TRANSFORMING AGE EMPLOYEE EDUCATION ASSISTANCE PROGRAMS, AND RESIDENT SUPPORT FOR THOSE RESIDENTS WHO RUN INTO FINANCIAL TROUBLE.

    Expenses $468,774 · Grants $468,774 · Revenue $160,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Torsten Hirche

    PRESIDENT & CEO

    Total calculated
    $1,214,260
    From this org
    $0
    From related orgs
    $1,174,707
    Other
    $39,553
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $794,632 related
    Bonus
    $0 + $371,277 related
    Other
    $0 + $8,798 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $25,753 related
    Filer's total
    $0 + $1,214,260 related

  • Michael Connell

    TREASURER & CFO

    Total calculated
    $661,388
    From this org
    $0
    From related orgs
    $637,621
    Other
    $23,767
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,182 related
    Bonus
    $0 + $58,504 related
    Other
    $0 + $91,935 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $9,967 related
    Filer's total
    $0 + $661,388 related

  • Scott Larson

    EXECUTIVE DIRECTOR

    Total calculated
    $129,125
    From this org
    $120,653
    From related orgs
    $0
    Other
    $8,472
    Hours/week
    40

  • Michele Luke

    SECRETARY

    Total calculated
    $125,600
    From this org
    $0
    From related orgs
    $118,517
    Other
    $7,083
    Hours/week
    1 + 39 related

  • Jesse Bond

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Greg Russell

    VICE CHAIR & CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Barb Bennett

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Cathy Danigelis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Kathi Lentzsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Scott Lumsden

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Jim Melhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Joy Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Lisa Nelson

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Mary Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOLLOWING WERE USED BY TRANSFORMING AGE, THE SOLE MEMBER, IN DETERMINING THE PRESIDENT & CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 6
THE PRESIDENT & CEO MAY RECEIVE AN ANNUAL INCENTIVE BONUS FROM TRANSFORMING AGE, A RELATED ORGANIZATION, SUBJECT TO THE SOLE AND COMPLETE DISCRETION OF TRANSFORMING AGE'S BOARD OF DIRECTORS. FINANCIAL PERFORMANCE IS ONE OF THE FACTORS IN DETERMINING THE BONUS. OTHER FACTORS INCLUDE OVERALL MISSION DELIVERY, MISSION GROWTH, AND THE OVERALL ACHIEVEMENTS AND PERFORMANCE OF TRANSFORMING AGE AND ITS SUBSIDIARY ORGANIZATIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TRANSFORMING AGE VENTURES INC

    C · FOR-PROFIT VENTURES AND ACTIVITIES · WA

  • SENIOR HOUSING ASSISTANCE CORPORATION

    C · LOW-INCOME HOUSING · WA

  • ALEGRECARE INC

    C · HOME HEALTH · CA

  • HEALTH CARE PARTNERS INC

    C · HOME HEALTH · CA

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.5
Source object
202602259349301835

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