PORT RENOVATION INC (EIN 464215822) - 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

2013

Legal Domicile

Principal Officer

ANDREW PALOMARES

Phone

8054883677

Tax Period

2020-07-01 to 2021-06-30

PORT RENOVATION INC, founded in 2013, is a small nonprofit that reported $529K in total revenue in fiscal year 2020. Revenue surged 341% from the prior year, signaling strong growth momentum. Expenses of $800K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO SUPPORT AND IMPLEMENT IMPROVEMENTS TO THE PORT OF HUENEME, AND, IN CONJUNCTION WITH OTHER PUBLIC AGENCIES AND NON PROFIT ORGANIZATIONS, AS APPROPRIATE, TO PROMOTE THE HEALTH AND WELL-BEING OF RESIDENTS IN VENTURA COUNTY THROUGH THE OPERATION OF A MOBILE PANTRY PROGRAM.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $528,917

Investment Income $0

Other Revenue $0

TOTAL REVENUE $528,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $707,785

Other Expenses $799,896

TOTAL EXPENSES $799,896

Year-over-Year Comparison

	2020	2019	Change
Revenue	$528,917	$120,000	+3.4%
Expenses	$799,896	$740,141	+0.1%
Net Income	$-270,979	$-620,141	-0.6%

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

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
JOHN DEMERS	CHAIRPERSON	1.00	Director	$0	$0	$0
LEAH C LACAYO	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
ANDREW PALOMARES	TREASURER	1.00	Director	$0	$0	$0
MICHAEL L BARBER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY C VOLANTE	BOARD MEMBER	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
2021	$528,917	$799,896	$16,577,951	$-270,979
2020	$120,000	$740,141	$16,799,173	$-620,141
2019	$534,762	$739,671	$17,413,781	$-204,909
2018	$123,075	$793,021	$18,028,023	$-669,946

PORT RENOVATION INC