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Nonprofiteer
← TRANSFORMING AGE

Form 990 for tax year 2024

Filed by TRANSFORMING AGE.

Totals

Total revenue
$27,043,185
Total expenses
$21,848,855
Contributions and grants received
$12,403,616
Grants paid
$3,600,000
Program service revenue
$13,357,959
Investment income
$431,628
Other revenue
$849,982
Total assets, end of year
$34,775,711
Total liabilities, end of year
$7,581,893
Net assets or fund balances, end of year
$27,193,818
Program services expenses (Part IX)
$21,848,855
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$21,848,855

Program services were 100.0% 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.

  • 1d · Related organizations

    $12,403,116

  • 1f · All other contributions, gifts and grants

    $500

  • 2a · Program service revenue: MANAGEMENT FEES

    total $10,657,747 · related or exempt $10,657,747

  • 2b · Program service revenue: DEVELOPMENT FEES

    total $2,067,108 · related or exempt $2,067,108

  • 2c · Program service revenue: CONSULTING FEES

    total $633,104 · related or exempt $633,104

  • 3 · Investment income

    total $504,888 · excluded $504,888

  • 6a · Gross rents

    real property $427,508

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $427,508

  • 6d · Net rental income or loss

    total $427,508 · excluded $427,508

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

    securities $73,260

  • 7c · Gain or loss

    securities -$73,260

  • 7d · Net gain or loss

    total -$73,260 · excluded -$73,260

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $422,474 · excluded $422,474

  • 11e · Other revenue, total

    $422,474

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,600,000 · program services $3,600,000

  • 5 · Compensation of officers, directors and key employees

    total $2,001,249 · program services $2,001,249

  • 7 · Other salaries and wages

    total $8,619,932 · program services $8,619,932

  • 8 · Pension plan contributions

    total $253,400 · program services $253,400

  • 9 · Other employee benefits

    total $586,837 · program services $586,837

  • 10 · Payroll taxes

    total $671,372 · program services $671,372

  • 11b · Fees: legal

    total $275,540 · program services $275,540

  • 11c · Fees: accounting

    total $107,386 · program services $107,386

  • 11f · Fees: investment management

    total -$15,073 · program services -$15,073

  • 11g · Fees: other

    total $1,564,900 · program services $1,564,900

  • 12 · Advertising and promotion

    total $20,292 · program services $20,292

  • 13 · Office expenses

    total $93,040 · program services $93,040

  • 14 · Information technology

    total $851,287 · program services $851,287

  • 16 · Occupancy

    total $417,017 · program services $417,017

  • 17 · Travel

    total $8,342 · program services $8,342

  • 19 · Conferences, conventions and meetings

    total $22,926 · program services $22,926

  • 20 · Interest

    total $665,921 · program services $665,921

  • 22 · Depreciation, depletion and amortization

    total $232,324 · program services $232,324

  • 23 · Insurance

    total $41,971 · program services $41,971

  • 24a · Other expenses: EMPLOYEE EXPENSES

    total $1,193,313 · program services $1,193,313

  • 24b · Other expenses: SALES TAXES

    total $339,272 · program services $339,272

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $153,553 · program services $153,553

  • 24d · Other expenses: LICENSES & FEES

    total $65,332 · program services $65,332

  • 24e · All other expenses

    total $78,722 · program services $78,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,823,467 · end of year $3,500,381

  • 2 · Savings and temporary cash investments

    beginning of year $12,262 · end of year $6,206,546

  • 4 · Accounts receivable

    beginning of year $1,709,706 · end of year $5,083,033

  • 7 · Other notes and loans receivable

    beginning of year $210,000 · end of year $351,631

  • 9 · Prepaid expenses and deferred charges

    beginning of year $987,912 · end of year $1,454,387

  • 10a · Land, buildings and equipment: cost or other basis

    $9,512,428

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,404,408

  • 10c · Land, buildings and equipment, net

    beginning of year $5,918,438 · end of year $7,108,020

  • 13 · Investments: program-related

    beginning of year $2,635,997 · end of year $2,635,997

  • 15 · Other assets

    beginning of year $14,416,893 · end of year $8,435,716

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,055,242 · end of year $3,995,648

  • 19 · Deferred revenue

    end of year $234,556

  • 23 · Secured mortgages and notes payable

    beginning of year $3,371,403 · end of year $3,313,266

  • 25 · Other liabilities

    beginning of year $341,900 · end of year $38,423

  • 27 · Net assets without donor restrictions

    beginning of year $21,946,130 · end of year $27,193,818

Mission and programs · 2024

Mission

TO DEVELOP AND PROVIDE STRATEGIC DIRECTION TO, MANAGE THE EMPLOYEES OF, AND OTHERWISE ENGAGE IN ACTIVITIES TO SUPPORT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST ("PRCN") AND THOSE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) THAT ARE RELATED TO PRCN THROUGH COMMON CONTROL.

Activities or mission (Part I)

PROVIDE SUPPORT TO SUBSIDIARY ORGANIZATIONS.

  • DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025, TRANSFORMING AGE PROVIDED SUPPORT SERVICES TO 501(C)(3) SUBSIDIARY ORGANIZATIONS, INCLUDING PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST (DBA: PARKSHORE), GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON (DBA: PARKSHORE JUANITA BAY), CHRISTIAN RETIREMENT HOMES (DBA: EASTMONT), FRED LIND MANOR, FULL LIFE CARE, DOWNTOWN ACTION TO SAVE HOUSING (DBA: DASH), SENIOR HOUSING ASSISTANCE GROUP (DBA: SHAG), NORSE HOME, ELDER CARE ALLIANCE, AND SIX SUBSIDIARY ORGANIZATIONS OF ELDER CARE ALLIANCE.

    Expenses $21,848,855 · Grants $3,600,000 · Revenue $13,357,959

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
    $1,174,707
    From related orgs
    $0
    Other
    $39,553
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

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

  • MICHAEL CONNELL

    TREASURER & CFO

    Total calculated
    $661,389
    From this org
    $637,622
    From related orgs
    $0
    Other
    $23,767
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $487,183
    Bonus
    $58,504
    Other
    $91,935
    Deferred
    $13,800
    Nontaxable benefits
    $9,967
    Filer's total
    $661,389

  • KENNETH NOREEN

    VP OF CCRC'S

    Total calculated
    $497,267
    From this org
    $478,728
    From related orgs
    $0
    Other
    $18,539
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $399,947
    Bonus
    $78,781
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $4,739
    Filer's total
    $497,267

  • ASHLEE GRAY

    GENERAL COUNSEL

    Total calculated
    $381,833
    From this org
    $356,566
    From related orgs
    $0
    Other
    $25,267
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $289,348
    Bonus
    $67,218
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $11,467
    Filer's total
    $381,833

  • HAROLD KNIGHT

    SVP OF STRATEGY & PARTNERSHIPS

    Total calculated
    $357,688
    From this org
    $357,688
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $293,295
    Bonus
    $64,095
    Other
    $298
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $357,688

  • TED MACBETH

    VP OF REAL ESTATE DEVELOPMENT

    Total calculated
    $337,199
    From this org
    $303,915
    From related orgs
    $0
    Other
    $33,284
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $272,772
    Bonus
    $31,143
    Other
    $0
    Deferred
    $12,893
    Nontaxable benefits
    $20,391
    Filer's total
    $337,199

  • KIMBERLY HENDERSON

    VP OF FINANCE & ACCOUNTING

    Total calculated
    $305,192
    From this org
    $291,061
    From related orgs
    $0
    Other
    $14,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,851
    Bonus
    $47,210
    Other
    $0
    Deferred
    $10,260
    Nontaxable benefits
    $3,871
    Filer's total
    $305,192

  • MICHELE LUKE

    SECRETARY

    Total calculated
    $125,600
    From this org
    $118,517
    From related orgs
    $0
    Other
    $7,083
    Hours/week
    24 + 16 related

  • JESSE BOND

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • GREG RUSSELL

    VICE CHAIR & CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • BARB BENNETT

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • CATHY DANIGELIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • KATHI LENTZSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • SCOTT LUMSDEN

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • JIM MELHORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • JOY MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • LISA NELSON

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • MARY WAGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 6
THE PRESIDENT & CEO MAY RECEIVE AN ANNUAL INCENTIVE BONUS, SUBJECT TO THE SOLE AND COMPLETE DISCRETION OF THE 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202622309349302212

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