RENEWING HOPE INC (EIN 271836457) - 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

2011

Legal Domicile

Principal Officer

GINO J BENEDETTI ESQ

Phone

6109333295

Tax Period

2023-01-01 to 2023-12-31

RENEWING HOPE INC, founded in 2011, is a micro nonprofit in the Crime & Legal sector that reported $44K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum.

Mission

RENEWING HOPE, INC. PROVIDES COMPREHENSIVE AND COMPASSIONATE PRISONER PRE-ENTRY TO RE-ENTRY SUPPORT FOR INMATES AND THEIR FAMILIES.

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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 $44,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $44,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,603

Other Expenses $46,603

TOTAL EXPENSES $46,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,500	$28,000	+0.6%
Expenses	$46,603	$25,730	+0.8%
Net Income	$-2,103	$2,270	-1.9%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINO J BENEDETTI ESQ	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
DENNIS MEHIGAN	VP/SEC/TREAS/DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBERT BUTERA	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
2023	$44,500	$46,603	$366	$-2,103
2022	$28,000	$25,730	$2,469	$2,270
2021	$25,700	$26,733	$199	$-1,033
2020	$32,350	$31,514	$1,232	$836
2019	$59,600	$66,072	$396	$-6,472
2018	$75,000	$68,486	$6,868	$6,514

RENEWING HOPE INC