RENOVATUS

EIN: 454242163 501(c)(3) Housing & Shelter

JEFFERSON CITY, TN

Total Revenue
$204,387
Total Expenses
$209,432
Total Assets
$130,498
Net Assets
$128,918
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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
2011
Legal Domicile
TN
Principal Officer
JEFFERY HIGGS
Phone
8655482200
Tax Period
2024-01-01 to 2024-12-31

RENOVATUS, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $204K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

ADDICTION RECOVERY PROGRAM & RESIDENCY

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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 $202,111
Program Service Revenue $0
Investment Income $0
Other Revenue $2,276
TOTAL REVENUE $204,387

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,550
Fundraising Expenses $0
Program Expenses $209,432
Other Expenses $141,882
TOTAL EXPENSES $209,432

Year-over-Year Comparison

2024 2023 Change
Revenue $204,387 $156,531 +0.3%
Expenses $209,432 $153,739 +0.4%
Net Income $-5,045 $2,792 -2.8%
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
9
Independent Members
8
Employees
1
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR LEANN BYRD DIRECTOR N/A
Director
$0 $0 $0
BRITT FARRAR DIRECTOR N/A
Director
$0 $0 $0
JEFFERY HIGGS EXECUTIVE DI N/A
Director
$0 $0 $0
HARLEY TIMMONS DIRECTOR N/A
Director
$0 $0 $0
GLENN WARREN DIRECTOR N/A
Director
$0 $0 $0
KIM WORLEY DIRECTOR N/A
Director
$0 $0 $0
SARAH HIGGS SECRETARY N/A
Officer
$0 $0 $0
BILL NOLAN TREASURER N/A
Officer
$0 $0 $0
TERESA NOLAN PRESIDENT 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
2024 $204,387 $209,432 $130,498 $-5,045
2021 $203,649 $135,738 $172,115 $67,911
2020 $137,853 $128,999 No data $8,854
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