RENEWAL MINISTRIES INC (EIN 382385975) - 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

1992

Legal Domicile

Principal Officer

RALPH MARTIN

Phone

7346621730

Tax Period

2023-01-01 to 2023-12-31

RENEWAL MINISTRIES INC, founded in 1992, is a community nonprofit in the Religion sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

PROMOTE RELIGIOUS EDUCATION AND SPREAD THE TEACHINGS OF THE BIBLE.

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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 $1,971,510

Program Service Revenue $557,084

Investment Income $97,955

Other Revenue $407

TOTAL REVENUE $2,626,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,409,505

Fundraising Expenses $239,201

Program Expenses $2,269,297

Other Expenses $1,370,504

TOTAL EXPENSES $2,780,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,626,956	$3,173,962	-0.2%
Expenses	$2,780,009	$2,785,205	0.0%
Net Income	$-153,053	$388,757	-1.4%

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

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

$365,560

Total Directors

$137,888

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH MARTIN	PRESIDENT	40.00	Officer Director	$137,888	$0	$137,888
PETER HERBECK	VICE PRES	40.00	Officer	$126,392	$0	$126,392
GERARD SEROMIK	SEC/TREAS	40.00	Officer	$101,280	$0	$101,280
DANIELLE BROWN	DIRECTOR	2.00	Director	$0	$0	$0
DEACON DANIEL R FOLEY	DIRECTOR/CHA	2.00	Director	$0	$0	$0
TIM HOLIAN	DIRECTOR	2.00	Director	$0	$0	$0
MOST REV ROBERT MCCLORY	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT VAN NORDEN	DIRECTOR	2.00	Director	$0	$0	$0
TOM O'BRIEN	DIRECTOR	2.00	Director	$0	$0	$0
DEACON LARRY ONEY	DIRECTOR	2.00	Director	$0	$0	$0
SHANN PATTON	DIRECTOR	2.00	Director	$0	$0	$0
FR DAVE PIVONKA	DIRECTOR	2.00	Director	$0	$0	$0
SISTER MARY GABRIEL DEVLIN SV	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL TIMMIS	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$2,626,956	$2,780,009	$3,277,380	$-153,053
2022	$3,173,962	$2,785,205	$3,597,973	$388,757
2021	$2,600,758	$2,202,221	$2,934,840	$398,537
2020	$2,152,464	$1,973,286	$2,758,674	$179,178
2019	$2,083,791	$2,225,098	$2,253,627	$-141,307
2018	$3,123,822	$1,958,556	$2,356,964	$1,165,266

RENEWAL MINISTRIES INC