Renaissance Academy Charter School of the Arts

EIN: 464401272 501(c)(3) Education

Rochester, NY

Total Revenue
$10,265,964
Total Expenses
$9,598,714
Total Assets
$10,660,122
Net Assets
$7,599,207
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
Cait Loury
Phone
5852254200
Tax Period
2023-07-01 to 2024-06-30

Renaissance Academy Charter School of the Arts, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $10.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $9.6M left a modest 6% surplus.

Mission

Enriched and rigorous educational experience through the infusion of humanities and art.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,747,965
Program Service Revenue $8,413,567
Investment Income $82,693
Other Revenue $21,739
TOTAL REVENUE $10,265,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,408,217
Fundraising Expenses $0
Program Expenses $8,459,886
Other Expenses $3,190,497
TOTAL EXPENSES $9,598,714

Year-over-Year Comparison

2023 2022 Change
Revenue $10,265,964 $9,358,315 +0.1%
Expenses $9,598,714 $8,615,306 +0.1%
Net Income $667,250 $743,009 -0.1%
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
10
Independent Members
10
Employees
126
Volunteers
60

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
6
$287,147
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Merkel Treasurer 1.30
Officer Director
$0 $0 $0
Steve Morse Member at Large 1.30
Director
$0 $0 $0
Mike Osborn Member at Large 1.30
Director
$0 $0 $0
Cheryl Hayward Ended 22624 Vice Chair 1.30
Officer Director
$0 $0 $0
Kristian Walker Ended 121623 Secretary 1.30
Officer Director
$0 $0 $0
Ann Seigler Chair 1.30
Officer Director
$0 $0 $0
Mark McDermott Member at Large 1.30
Director
$0 $0 $0
Charlton Harley Member at Large (starting 09/2023) 1.30
Director
$0 $0 $0
Kristen Rogers Member at Large (starting 10/2023) 1.30
Director
$0 $0 $0
William Blackmon Member at Large (starting 10/2023) 1.30
Director
$0 $0 $0
Caitlin E Loury Head of Academics 40.00
Officer
$145,512 $18,978 $164,490
Craig Eichmann Chief Operating Officer 40.00
Officer
$110,912 $11,745 $122,657
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
2025 No data No data No data No data
2024 $10,265,964 $9,598,714 $10,660,122 $667,250
2023 $9,358,315 $8,615,306 $10,028,091 $743,009
2022 $9,341,684 $8,643,843 $9,477,742 $697,841
2021 $8,851,590 $7,115,991 $8,468,648 $1,735,599
2020 $7,915,611 $7,052,684 $7,712,191 $862,927
2019 $6,974,233 $6,186,299 $7,230,188 $787,934
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