World Renew

EIN: 381708140 501(c)(3)

Byron Center, MI

Total Revenue
$18,275,253
Total Expenses
$23,014,459
Total Assets
$29,169,563
Net Assets
$24,899,335
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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
1963
Legal Domicile
MI
Principal Officer
Carol Bremer-Bennet
Phone
8005527972
Tax Period
2024-07-01 to 2025-06-30

World Renew, founded in 1963, is a mid-sized nonprofit that reported $18.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $23.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

Compelled by a deep passion for justice and mercy, World Renew joins communities around the world to renew hope, reconcile lives, and restore creation with programs focused on disaster response, community health, economic opportunity, food security, and peace & justice.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,755,488
Program Service Revenue $0
Investment Income $358,172
Other Revenue $161,593
TOTAL REVENUE $18,275,253

Expense Breakdown

Grants Paid $3,195,259
Salaries & Benefits $9,740,912
Fundraising Expenses $2,801,578
Program Expenses $17,614,603
Other Expenses $10,078,288
TOTAL EXPENSES $23,014,459

Year-over-Year Comparison

2024 2023 Change
Revenue $18,275,253 $14,467,393 +0.3%
Expenses $23,014,459 $21,248,556 +0.1%
Net Income $-4,739,206 $-6,781,163 -0.3%
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

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Governance

Voting Members
10
Independent Members
10
Employees
66
Volunteers
1487

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
6
$260,643
Total Directors
10
$0
Key Employees
1
$260,643
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carol Bremer-Bennett Executive Director 50.00
Officer Key Emp Highest
$199,245 $61,398 $260,643
Jeffrey Banaszak Board President 5.00
Officer Director
$0 $0 $0
Graham Seel Board Vice President 2.00
Officer Director
$0 $0 $0
Kenneth MacBain Board Treasurer 2.00
Officer Director
$0 $0 $0
Beverly Abma Board Secretary 2.00
Officer Director
$0 $0 $0
Bonny Mulder-Behnia Pastoral Advisor 2.00
Officer Director
$0 $0 $0
Charles Udeh Board Member At Large 2.00
Director
$0 $0 $0
Donn Hansum Board Member At Large 2.00
Director
$0 $0 $0
Kimberly Starkenburg Board Member At Large 2.00
Director
$0 $0 $0
Emily Boldenow-Fortna Board Member At Large 2.00
Director
$0 $0 $0
Ben VanderWindt Board Member At Large 2.00
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 $18,275,253 $23,014,459 $29,169,563 $-4,739,206
2024 $14,467,393 $21,248,556 $32,691,194 $-6,781,163
2023 $21,598,073 $20,644,252 $38,850,869 $953,821
2022 $19,259,033 $17,628,396 $34,672,388 $1,630,637
2021 $17,426,489 $15,947,081 $34,203,831 $1,479,408
2020 $12,498,891 $16,162,673 $32,668,985 $-3,663,782
2019 $16,460,765 $12,083,461 $33,857,406 $4,377,304
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