Renaissance Technical Institute Inc

EIN: 472048750 501(c)(3) Education

New York, NY

Total Revenue
$3,004,445
Total Expenses
$1,821,943
Total Assets
$2,425,631
Net Assets
$1,082,424
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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
NY
Phone
9294486105
Tax Period
2024-07-01 to 2025-06-30

Renaissance Technical Institute Inc, founded in 2014, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 39% operating margin.

Mission

To provide low income at risk youth training in license certification to become gainfully employed.

Program Service Accomplishments

Program 1
Expenses: $1,384,231

To provide low income at risk youth training in license certification to become gainfully employed.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,948,464
Program Service Revenue $55,981
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,004,445

Expense Breakdown

Grants Paid $0
Salaries & Benefits $766,206
Fundraising Expenses $76,621
Program Expenses $1,384,231
Other Expenses $1,055,737
TOTAL EXPENSES $1,821,943

Year-over-Year Comparison

2024 2023 Change
Revenue $3,004,445 $1,229,272 +1.4%
Expenses $1,821,943 $1,270,533 +0.4%
Net Income $1,182,502 $-41,261 -29.7%
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

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Governance

Voting Members
4
Independent Members
3
Employees
18
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
3
$171,877
Total Directors
2
$171,877
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Hiraldo Executive Director 40.00
Officer Director
$171,877 $0 $171,877
Alfred Mirambeux Chairman 10.00
Director
$0 $0 $0
Kenia Amparo Secretary 10.00
Officer
$0 $0 $0
Berenice Diaz Treasurer 10.00
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
2025 $3,004,445 $1,821,943 $2,425,631 $1,182,502
2024 No data No data No data No data
2024 No data No data No data No data
2023 $1,052,072 $1,176,414 $756,365 $-124,342
2022 $1,077,417 $903,554 $610,367 $173,863
2022 $1,077,417 $903,554 $610,367 $173,863
2020 $343,820 $261,716 $120,689 $82,104
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