Nonprofit · EIN 74-3256267
TRANSFORMING RESOURCES
Tax-exempt · EDEN PRAIRIE, MN 55344
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $331,953 | $337,517 | -$5,564 | $70,635 | $0 | $70,635 |
| December 31, 2023 | 990 | $360,142 | $363,465 | -$3,323 | $76,199 | $0 | $76,199 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $70,530
- Program service revenue
- $260,808
- Investment income
- $615
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $123,150
- Other salaries and wages
- $1,134
- Salaries, compensation and benefits (total)
- $124,598
- Professional fundraising fees
- $0
- Accounting fees
- $845
- Occupancy
- $12,320
- Program services (functional)
- $234,619
- Management and general (functional)
- $99,851
- Fundraising (functional)
- $3,047
Balance sheet and other
- Total assets, start of year
- $76,199
- Total assets, end of year
- $70,635
- Total liabilities, end of year
- $0
- Net assets, end of year
- $70,635
- Net assets without donor restrictions
- $70,635
- Gross receipts
- $331,953
- Employees
- 2
- Volunteers
- 4
- Year formed
- 2008
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Harold G Wahlquist Jr | Chairman & CEO Trustee or director, Officer | 50 | $75,000 | $48,150 |
| Katherine Wahlquist | Treasurer Officer | 1 | $0 | $0 |
| Debra Wahlquist | Secretary Officer | 1 | $0 | $0 |
| Dirk Gasterland | Officer Officer | 1 | $0 | $0 |
| James Lynum | Officer Officer | 1 | $0 | $0 |
| Dawn Ramaker | Officer Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Harold G Wahlquist Jr | Chairman & CEO Trustee or director, Officer | 50 | $89,000 | $33,850 |
| Katherine Wahlquist | Treasurer Officer | 1 | $0 | $0 |
| Debra Wahlquist | Secretary Officer | 1 | $0 | $0 |
| Dirk Gasterland | Officer Officer | 1 | $0 | $0 |
| James Lynum | Officer Officer | 1 | $0 | $0 |
| Dawn Ramaker | Officer Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 250 PRAIRIE CENTER DR STE 350, EDEN PRAIRIE, MN 55344-7923
- In care of
- % HAROLD G WAHLQUIST
- Signed the 990
- Harold G Wahlquist Jr, President & CEO
- Phone
- (952) 345-1910
- Website
- transformingresources.org
- Return prepared by
- Bredeson & Stenback Corporation
Mission
To provide Christian counseling, life coaching and consulting services.
Program accomplishments
- Provided 1391 hours of professional Christian counseling,life coaching and consulting in ministry appointments for scores of individuals, couples, families and churches. Included with this were counseling scholarships and discounts of $20,438.Expenses $234,619
- Volunteers provided an additional total of 16 volunteer hours of care ministry in 4 ministry appointments.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-3256267
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F60)
- Assets (IRS master file)
- $70,635
- Income (IRS master file)
- $331,953
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $331,953 | $337,517 | $70,635 | IRS |
| 990 | December 2023 | $360,142 | $363,465 | $76,199 | XML |
| 990 | December 2022 | $414,350 | $377,539 | $79,522 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-3256267).
Questions about TRANSFORMING RESOURCES
- What is the EIN of TRANSFORMING RESOURCES?
- The employer identification number (EIN) of TRANSFORMING RESOURCES is 74-3256267.
- Is TRANSFORMING RESOURCES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to TRANSFORMING RESOURCES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRANSFORMING RESOURCES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRANSFORMING RESOURCES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRANSFORMING RESOURCES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of TRANSFORMING RESOURCES?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $75,000 (Harold G Wahlquist Jr, Chairman & CEO).
- How much revenue does TRANSFORMING RESOURCES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $331,953, expenses of $337,517 and total assets of $70,635 at year end.
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All nonprofits in EDEN PRAIRIE · Minnesota · Mental health and crisis intervention