RENAISSANCE SCHOLARSHIPS INC (EIN 475162356) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

JOE MCCARTY

Phone

2052592060

Tax Period

2025-01-01 to 2025-12-31

RENAISSANCE SCHOLARSHIPS INC, founded in 2015, is a small nonprofit in the Education sector that reported $498K in total revenue in fiscal year 2018. The organization ran a surplus of $427K, a strong 86% operating margin.

Mission

AT RSI, OUR MISSION IS TO PROVIDE HIGH QUALITY EDUCATION OPPORTUNITIES TO LOW INCOME STUDENTS BY PARTNERING WITH THE MOST ACADEMICALLY RIGOROUS, PRIVATE K5-12 SCHOOLS IN THE STATE OF ALABAMA THROUGH A SCHOLARSHIP GRANTING PROGRAM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,884,950

Program Service Revenue $0

Investment Income $105,557

Other Revenue $0

TOTAL REVENUE $1,990,507

Expense Breakdown

Grants Paid $1,516,796

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,585,602

Other Expenses $76,148

TOTAL EXPENSES $1,592,944

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,990,507	$1,527,349	+0.3%
Expenses	$1,592,944	$1,263,674	+0.3%
Net Income	$397,563	$263,675	+0.5%

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
JOE MCCARTY	PRESIDENT	1.00	Director	$0	$0	$0
T MICHAEL GOODRICH	DIRECTOR	1.00	Director	$0	$0	$0
GRAY PLOSSER	DIRECTOR	1.00	Director	$0	$0	$0
DONALD HESS	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN MIREE	DIRECTOR	1.00	Director	$0	$0	$0
CATHY MOZINGO	DIRECTOR	1.00	Director	$0	$0	$0
DANA TOWN	DIRECTOR	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
2025	$1,990,507	$1,592,944	$3,924,499	$397,563
2024	$1,527,349	$1,263,674	$3,526,936	$263,675
2023	$2,069,395	$796,518	$3,263,261	$1,272,877
2022	$1,583,407	$604,148	$1,990,384	$979,259
2021	$616,222	$570,217	$1,011,125	$46,005
2020	$713,725	$512,120	$965,120	$201,605
2019	$485,000	$341,008	$763,515	$143,992
2018	$497,700	$70,459	$619,523	$427,241

RENAISSANCE SCHOLARSHIPS INC