PROJECT RENEWAL INC (EIN 132602882) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

ERIC ROSENBAUM

Phone

2126200340

Tax Period

2023-07-01 to 2024-06-30

PROJECT RENEWAL INC, founded in 1967, is a major nonprofit in the Mental Health sector that reported $121.7M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION OPERATES FACILITES IN NEW YORK CITY THAT OFFER MEDICAL, EMPLOYMENT, HOUSING, AND COMMUNITY SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $104,643,781

Program Service Revenue $16,125,715

Investment Income $238,034

Other Revenue $733,891

TOTAL REVENUE $121,741,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,459,484

Fundraising Expenses $1,388,279

Program Expenses $105,362,452

Other Expenses $60,423,909

TOTAL EXPENSES $122,883,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,741,421	$116,504,432	+0.0%
Expenses	$122,883,393	$117,461,136	+0.0%
Net Income	$-1,141,972	$-956,704	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1334

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$940,929

Total Directors

Key Employees

$1,349,271

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN BELZER OUTGOING	TRUSTEE	0.80	Director	$0	$0	$0
CARL ROSOFF	TRUSTEE	0.80	Director	$0	$0	$0
CLAUDIA ROSEN OUTGOING	TRUSTEE	0.80	Director	$0	$0	$0
COLLEEN CAVANAUGH	SECRETARY	0.80	Officer Director	$0	$0	$0
ERIC FRY	CO-TREASURER	0.80	Officer Director	$0	$0	$0
GAIL WEISS	TRUSTEE	0.80	Director	$0	$0	$0
GEOFFREY PROUIX	TRUSTEE	0.80	Director	$0	$0	$0
GRACE CHOINUMA	TRUSTEE	0.80	Director	$0	$0	$0
INGLEFIELD REID	TRUSTEE	0.80	Director	$0	$0	$0
JAMES DAVIDSON	TRUSTEE	0.80	Director	$0	$0	$0
JEANNE FELDHUSEN	TRUSTEE	0.80	Director	$0	$0	$0
JENNY SHARFSTEIN KANE	TRUSTEE	0.80	Director	$0	$0	$0
LULA URQUHART	CO-TREASURER	0.80	Officer Director	$0	$0	$0
MARDOCHE SIDOR MD	TRUSTEE	0.80	Director	$0	$0	$0
MARLENE ZURACK	CHAIR	0.80	Officer Director	$0	$0	$0
MELISSA D KATZ MD	TRUSTEE	0.80	Director	$0	$0	$0
MICHAEL DOHERTY	VICE CHAIR	0.80	Officer Director	$0	$0	$0
RICHARD KRONICK	TRUSTEE	0.80	Director	$0	$0	$0
RUSSELL S BERMAN	TRUSTEE	0.80	Director	$0	$0	$0
SHAMAS DABARON	TRUSTEE	0.80	Director	$0	$0	$0
SUSAN AKSELRAD	TRUSTEE	0.80	Director	$0	$0	$0
THOMAS BRODSKY	TRUSTEE	0.80	Director	$0	$0	$0
TIMOTHY VALZ	TRUSTEE	0.80	Director	$0	$0	$0
SUDEEP DOSHI	TRUSTEE	0.80	Director	$0	$0	$0
ERIC ROSENBAUM	PRESIDENT & CEO	40.00	Officer	$372,632	$41,749	$414,381
PAUL WOODY	CHIEF REAL ESTATE OFFICER	37.00	Officer	$210,994	$12,673	$223,667
STEVEN JONES	CFO	42.00	Officer	$276,167	$26,714	$302,881
CONRAD PINNOCK	CHIEF PEOPLE OFFICER	37.00	Key Emp	$223,521	$20,985	$244,506
DOREEN THOMANN-HOWE	CHIEF OPERATIONS OFFICER	37.00	Key Emp	$253,114	$38,626	$291,740
FELIP DE LOS SANTOS	CHIEF COMPLIANCE OFFICER	37.00	Key Emp	$188,286	$17,983	$206,269
KATIE BOWER	CHIEF HOUSING AND SHELTER OFFICER	37.00	Key Emp	$194,749	$21,452	$216,201
MIRANDA VON DORNUM	CHIEF MEDICAL DIRECTOR	37.00	Key Emp	$360,164	$30,391	$390,555
CATHERINE DE SILVA	CHIEF DEVELOPMENT OFFICER	35.00	Highest	$268,245	$54,882	$323,127
MELISSA O'BRIEN	PSYCHIATRIST	35.00	Highest	$224,522	$18,057	$242,579
ROBERT GADOMSKI	PSYCHIATRIST	35.00	Highest	$220,554	$13,247	$233,801
TERRY KAPLAN	MEDICAL DOCTOR	35.00	Highest	$210,178	$21,660	$231,838
YESSWANT CHITALKAR	PSYCHIATRIST	35.00	Highest	$207,837	$20,044	$227,881

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$121,741,421	$122,883,393	$96,897,841	$-1,141,972
2023	$116,504,432	$117,461,136	$94,434,991	$-956,704
2022	$114,099,875	$108,332,086	$69,297,765	$5,767,789
2021	$104,099,662	$103,909,169	$69,968,060	$190,493
2020	$98,863,613	$98,269,615	$58,546,846	$593,998
2019	$91,357,551	$88,353,945	$43,420,900	$3,003,606
2018	$82,691,539	$83,700,421	$44,083,631	$-1,008,882

PROJECT RENEWAL INC