Varick Renaissance Center Inc

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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

JULIUS WALLS

Phone

7045777341

Tax Period

2023-01-01 to 2023-12-31

Varick Renaissance Center Inc, founded in 2017, is a small nonprofit in the Religion sector that reported $214K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $256K exceeded revenue, resulting in a 19% operating deficit.

Mission

To provide and assist in religious worship and mission outreach

Program Service Accomplishments

Program 1

Expenses: $149,710 Revenue: $156,000

Providing, maintaining upkeep of facilities used for teaching preaching, bible study community outreach.

Program 2

Expenses: $76,022 Revenue: $13,163

Upkeep of land and building of other religious related 501c property

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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 $57,793

Program Service Revenue $156,369

Investment Income $0

Other Revenue $0

TOTAL REVENUE $214,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $225,732

Other Expenses $255,732

TOTAL EXPENSES $255,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,162	$293,640	-0.3%
Expenses	$255,732	$614,767	-0.6%
Net Income	$-41,570	$-321,127	-0.9%

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

N/A

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
JULIUS WALLS	Board Member	N/A	Officer	$0	$0	$0
BISHOP DARIN MOORE	Board Member	N/A	Officer	$0	$0	$0
BISHOP GEORGE CRENSHAW	Board Member	N/A	Officer	$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	$214,162	$255,732	$602,359	$-41,570
2021	$333,678	$169,401	$935,056	$164,277
2020	$333,352	$152,733	$1,038,162	$180,619
2019	$322,214	$125,371	$869,578	$196,843
2018	$309,632	$141,964	$678,042	$167,668