RENAISSANCE KNIGHTS FOUNDATION (EIN 202728157) - 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

2005

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

RENAISSANCE KNIGHTS FOUNDATION, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $477K in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum.

Mission

TO FOSTER THE INTELLECTUAL AND SOCIAL DEVELOPMENT OF DISADVANTAGED YOUTH IN DIVERSE COMMUNITIES THROUGHOUT THE CITY OF CHICAGO THROUGH VIBRANT CHESS EDUCATION PROGRAMS, TOURNAMENTS AND EVENTS.

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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 $31,363

Program Service Revenue $445,772

Investment Income $0

Other Revenue $0

TOTAL REVENUE $477,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,256

Fundraising Expenses $0

Program Expenses $480,380

Other Expenses $375,920

TOTAL EXPENSES $506,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$477,135	$262,109	+0.8%
Expenses	$506,176	$253,870	+1.0%
Net Income	$-29,041	$8,239	-4.5%

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

N/A

Employees

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

$115,000

Total Directors

$115,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A HEISER	PRESIDENT	35.00	Officer Director	$72,500	$0	$72,500
SHEILA HEISER	VICE PRESIDENT	15.00	Officer Director	$42,500	$0	$42,500
DAVID E HEISER	DIRECTOR	1.00	Director	$0	$0	$0

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	$477,135	$506,176	$140,015	$-29,041
2023	$262,109	$253,870	$260,084	$8,239
2022	$309,641	$273,880	$159,836	$35,761
2020	$241,762	$205,222	$145,996	$36,540
2019	$297,707	$294,733	$49,066	$2,974

RENAISSANCE KNIGHTS FOUNDATION