RENAISSANCE DEVELOPMENT FUND (EIN 383367429) - 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

1997

Legal Domicile

Principal Officer

MARLA SCHNEIDER

Phone

2699256100

Tax Period

2025-01-01 to 2025-12-31

RENAISSANCE DEVELOPMENT FUND, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2025. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 107% operating deficit.

Mission

THE RENAISSANCE DEVELOPMENT FUND IS ENGAGED IN THE DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC GROWTH FOR THE CITIES OF BENTON HARBOR AND ST. JOSEPH AND THE TOWNSHIPS OF BENTON, LINCOLN, AND ROYALTON.

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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 (2025)

Revenue Breakdown

Contributions & Grants $682,064

Program Service Revenue $50,122

Investment Income $-2,717,127

Other Revenue $4,028,503

TOTAL REVENUE $2,043,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,414,218

Other Expenses $4,235,545

TOTAL EXPENSES $4,235,545

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,043,562	$4,163,048	-0.5%
Expenses	$4,235,545	$3,861,069	+0.1%
Net Income	$-2,191,983	$301,979	-8.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$494,504

Total Directors

$494,504

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLA SCHNEIDER	PRESIDENT	1.00	Officer Director	$0	$10,881	$220,790
CHRIS COOK	TREASURER	1.00	Officer Director	$0	$26,000	$273,714
AMBER HAACK	DIRECTOR	1.00	Director	$0	$0	$0
AMY ZAPAL	DIRECTOR	1.00	Director	$0	$0	$0
ALAN BERRY	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	$2,043,562	$4,235,545	$17,295,436	$-2,191,983
2024	No data	No data	No data	No data
2023	$5,877,883	$3,204,065	$20,236,384	$2,673,818
2022	$2,743,175	$2,820,695	$22,142,034	$-77,520
2021	$2,827,375	$3,516,294	$26,943,889	$-688,919
2020	$6,916,378	$3,255,561	$29,918,588	$3,660,817
2019	$14,531,595	$4,388,034	$28,671,588	$10,143,561
2018	$2,098,010	$4,316,009	$63,466,471	$-2,217,999

RENAISSANCE DEVELOPMENT FUND