World Renewal Inc

EIN: 481013981 501(c)(3)

Greenfield, IN

Total Revenue
$1,356,105
Total Expenses
$1,401,649
Total Assets
$158,041
Net Assets
$88,553
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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
1986
Legal Domicile
IN
Principal Officer
Gary Wright
Phone
3174679899
Tax Period
2023-01-01 to 2023-12-31

World Renewal Inc, founded in 1986, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

World Renewal is committed to the spreading of the Gospel throughout the United States and the world through preaching, teaching and caring for the hurting.

Program Service Accomplishments

Program 1
Expenses: $1,284,622

Organization's sole purpose and activity are holding evangelistic services and spreading the Gospel. This includes conducting worship services, Bible school, missionary work, etc. in the United...

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Organization's sole purpose and activity are holding evangelistic services and spreading the Gospel. This includes conducting worship services, Bible school, missionary work, etc. in the United States and throughout the world.

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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 $1,356,105
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,356,105

Expense Breakdown

Grants Paid $0
Salaries & Benefits $366,482
Fundraising Expenses $0
Program Expenses $1,284,622
Other Expenses $1,035,167
TOTAL EXPENSES $1,401,649

Year-over-Year Comparison

2023 2022 Change
Revenue $1,356,105 $1,468,872 -0.1%
Expenses $1,401,649 $1,487,580 -0.1%
Net Income $-45,544 $-18,708 +1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
15
Volunteers
25

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
5
$75,000
Total Directors
12
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Wright President 50.00
Officer Director
$75,000 $0 $75,000
Hubert Nolan Director 1.00
Director
$0 $0 $0
Tele Moraes Vice-President 2.00
Officer Director
$0 $0 $0
Gary Steer Secretary 2.00
Officer Director
$0 $0 $0
Steve Steer Chairman 2.00
Officer Director
$0 $0 $0
Paul Galbraith Director 1.00
Director
$0 $0 $0
Wes Davis Director 1.00
Director
$0 $0 $0
Wayne Phelps Director 2.00
Director
$0 $0 $0
Dean Cobbs Treasurer 2.00
Officer Director
$0 $0 $0
Mary Beth Nolan Director 1.00
Director
$0 $0 $0
Greg Ruble Director 1.00
Director
$0 $0 $0
Kris Sorensen 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
2024 No data No data No data No data
2023 $1,356,105 $1,401,649 $158,041 $-45,544
2022 $1,468,872 $1,487,580 $251,357 $-18,708
2021 $1,349,655 $1,311,085 $161,585 $38,570
2020 $1,162,748 $1,153,406 $154,839 $9,342
2019 $1,171,733 $1,130,741 $131,474 $40,992
2018 $1,157,696 $1,179,592 $80,048 $-21,896
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