RENEWABLE ENERGY FOR BETTER LIFE FO

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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

2014

Legal Domicile

Principal Officer

MICHAEL WANG

Phone

9723336492

Tax Period

2023-01-01 to 2023-12-31

RENEWABLE ENERGY FOR BETTER LIFE FO, founded in 2014, is a small nonprofit in the Environment sector that reported $167K in total revenue in fiscal year 2023. The organization ran a surplus of $161K, a strong 96% operating margin.

Mission

HELP UNIVERSITIES/COLLEGES TO IMPORVE ENERGY EFFICIENCY AND RENEWABLE ENERGY DEVELOPMENT. HELP TO CLOSE THE HUNGER GAP IN THE U.S. TRHOUGTH DONATIONS. SUPPLORT UNIVERSITIES/COLLEGES AND OTHER SCHOOLS TO PROVIDE HIGH QUALITY EDUCATION EXPERIENCE.

Program Service Accomplishments

Program 1

Expenses: $6,080

HELP UNIVERSITIES/COLLEGES AND OTHER SCHOOLS ORGANZIATION TO IMPROVE ENERGY EFFICIENCY, RENEWABLE ENERGY DEVELOPMENT AND PROVIDE HIGH QUALITY EDUCATION EXPERIENCE.

Program 2

HELP TO CLOSE THE HUNGER GAP IN THE U.S. THROUGH DONATIONS

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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 $108,000

Program Service Revenue $0

Investment Income $59,446

Other Revenue $0

TOTAL REVENUE $167,446

Expense Breakdown

Grants Paid $6,080

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,080

Other Expenses $15

TOTAL EXPENSES $6,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,446	$-49,996	-4.3%
Expenses	$6,095	$38,223	-0.8%
Net Income	$161,351	$-88,219	-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

Governance

Voting Members

Independent Members

N/A

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
CHRISTOPHER WANG	VICE PRESIDE	N/A	Officer	$0	$0	$0
MICHAEL WANG	PRESIDENT	N/A	Officer	$0	$0	$0
YANAN WANG	TREASURER	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	No data	No data	No data	No data
2023	$167,446	$6,095	$1,002,020	$161,351
2022	$-49,996	$38,223	$738,507	$-88,219
2021	$205,859	No data	$782,199	No data
2020	$219,548	$30,200	$608,606	$189,348
2019	$200,000	$23,000	$386,992	$177,000
2018	$200,000	No data	$209,992	No data