URBAN RENEWAL INITIATIVE FOUNDATION DBA SCHAAP CENTER (EIN 454842669) - 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

2012

Legal Domicile

Principal Officer

A PAUL SCHAAP

Phone

2488371397

Tax Period

2023-01-01 to 2023-12-31

URBAN RENEWAL INITIATIVE FOUNDATION DBA SCHAAP CENTER, founded in 2012, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.5M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.0M, a strong 95% operating margin.

Mission

CULTURAL ENHANCEMENTS - PERFORMING ART CENTER DEVELOPMENT

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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 $4,986,124

Program Service Revenue $0

Investment Income $5,545,390

Other Revenue $0

TOTAL REVENUE $10,531,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,449

Other Expenses $542,353

TOTAL EXPENSES $542,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,531,514	$6,405,060	+0.6%
Expenses	$542,353	$362,599	+0.5%
Net Income	$9,989,161	$6,042,461	+0.7%

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

$210,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A PAUL SCHAAP	PRESIDENT-TREASURER-DIRECTOR	4.00	Officer Director	$0	$0	$0
PAUL LAVINS	SECRETARY-DIRECTOR	1.00	Officer Director	$0	$0	$0
BARBARA DETWILER	DIRECTOR	1.00	Director	$0	$0	$0
MARK MCCOURT	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE GARGARO JR	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS V CLIFF	DIRECTOR	1.00	Director	$0	$0	$0
CAROL SCHAAP	DIRECTOR-PART YEAR	1.00	Director	$0	$0	$0
JAIME RAE TURNBULL	EXECUTIVE DIRECTOR	40.00	Officer	$210,000	$0	$210,000

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	$10,531,514	$542,353	$28,058,103	$9,989,161
2022	$6,405,060	$362,599	$16,495,275	$6,042,461
2021	$5,963,796	$384,148	$10,509,741	$5,579,648
2020	$3,278,804	$193,511	$4,431,321	$3,085,293
2019	$306,448	$22,705	$1,337,297	$283,743

URBAN RENEWAL INITIATIVE FOUNDATION DBA SCHAAP CENTER