PORT RENOVATION INC

EIN: 464215822 501(c)(3)

PORT HUENEME, CA

Total Revenue
$528,917
Total Expenses
$799,896
Total Assets
$16,577,951
Net Assets
$2,017,206
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
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.

Program Service Accomplishments

Program 1
Expenses: $575,162 Revenue: $247,750

SHORE-SIDE POWER PROJECTTHE ORGANIZATION ACQUIRED CERTAIN POWER EQUIPMENT LOCATED IN PORT HUENEME, CALIFORNIA (THE "SHORE-SIDE EQUIPMENT") FOR THE PURPOSE OF COMPLETING THE INSTALLATION OF A...

Read more

SHORE-SIDE POWER PROJECTTHE ORGANIZATION ACQUIRED CERTAIN POWER EQUIPMENT LOCATED IN PORT HUENEME, CALIFORNIA (THE "SHORE-SIDE EQUIPMENT") FOR THE PURPOSE OF COMPLETING THE INSTALLATION OF A STATE-OF-THE-ART WHARF ELECTRIFICATION SYSTEM THAT WILL PROVIDE SHORE-SIDE POWER TO CARGO VESSELS AT THE PORT OF HUENEME. AS OF JUNE 30, 2019, CONSTRUCTION HAD BEEN COMPLETED AND THE SHORE-SIDE EQUIPMENT WAS BEING LEASED TO THE OXNARD HARBOR DISTRICT.

Program 2
Expenses: $124,481 Revenue: $281,167

ARCTURUS PROJECTTHE ORGANIZATION ACQUIRED CERTAIN REAL PROPERTY LOCATED IN OXNARD, CALIFORNIA (THE "ARCTURUS PROPERTY") FOR THE PURPOSE OF IMPROVING AND RENOVATING THE PROPERTY WHICH IS AN ESSENTIAL...

Read more

ARCTURUS PROJECTTHE ORGANIZATION ACQUIRED CERTAIN REAL PROPERTY LOCATED IN OXNARD, CALIFORNIA (THE "ARCTURUS PROPERTY") FOR THE PURPOSE OF IMPROVING AND RENOVATING THE PROPERTY WHICH IS AN ESSENTIAL COMPONENT OF THE PORT OF HUENEME'S LAND OPERATIONS. AS OF JUNE 30, 2019, CONSTRUCTION OF THE IMPROVEMENTS HAD BEEN COMPLETED AND THE ARCTURUS PROPERTY WAS BEING LEASED TO THE OXNARD HARBOR DISTRICT.

Program 3
Expenses: $8,142

MOBILE FOOD PANTRY PROGRAMTHE ORGANIZATION ACQUIRED, IMPROVED, AND LEASED A MOBILE FOOD PANTRY, WHICH IS BEING OPERATED BY FOOD SHARE INC TO PROVIDE FRESH PRODUCE TO LOCAL FOOD DESERTS AND LOW-INCOME...

Read more

MOBILE FOOD PANTRY PROGRAMTHE ORGANIZATION ACQUIRED, IMPROVED, AND LEASED A MOBILE FOOD PANTRY, WHICH IS BEING OPERATED BY FOOD SHARE INC TO PROVIDE FRESH PRODUCE TO LOCAL FOOD DESERTS AND LOW-INCOME COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PORT RENOVATION INC with other nonprofits in California and across the country.