Renaissance Charitable Supporting … - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

Cassie K Backman

Phone

6052255611

Tax Period

2024-01-01 to 2024-12-31

Renaissance Charitable Supporting Organization Trust, founded in 2017, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $83K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $406K exceeded revenue, resulting in a 390% operating deficit.

Mission

THE ORGANIZATION ACCEPTS, HOLDS, AND MANAGES NON-CASH CONTRIBUTIONS FOR THE PURPOSE OF SELLING THE ASSETS AND DISTRIBUTING THE PROCEEDS TO RENAISSANCE CHARITABLE FOUNDATION INC.

Program Service Accomplishments

Program 1

Expenses: $358,970

The Trust does not have program services. It accepts donations of property and distributes cash to its supported organization, Renaissance Charitable Foundation Inc.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $11,559

Other Revenue $71,228

TOTAL REVENUE $82,787

Expense Breakdown

Grants Paid $358,970

Salaries & Benefits $526

Fundraising Expenses $0

Program Expenses $358,970

Other Expenses $46,512

TOTAL EXPENSES $406,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,787	$49,433	+0.7%
Expenses	$406,008	$42,581	+8.5%
Net Income	$-323,221	$6,852	-48.2%

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

N/A

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
Dacotah Bank	Trustee	1.0		$0	$526	$526

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
2024	$82,787	$406,008	$1,225,721	$-323,221
2023	$49,433	$42,581	$1,552,356	$6,852
2022	$17,073	$1,620,294	$1,533,827	$-1,603,221
2021	$5,874,519	$2,109,612	$3,227,241	$3,764,907
2021	$5,031,638	$2,122,769	$4,225,095	$2,908,869
2020	$1,896	$3,166	$1,122,426	$-1,270
2019	$60,820	$9,318	$1,053,108	$51,502

Renaissance Charitable Supporting Organization Trust