FAMILY RENEW COMMUNITY INC (EIN 592971766) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

LINDSAY ELLIOTT

Phone

3862390861

Tax Period

2023-01-01 to 2023-12-31

FAMILY RENEW COMMUNITY INC, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $377K, a strong 31% operating margin.

Mission

FAMILY RENEW COMMUNITY (FRC) OPERATES A RESIDENTIAL RESTORATION PROGRAM FOR HOMELESS FAMILIES WITH CHILDREN WHO ARE EMPLOYED OR EMPLOYABLE AND HELP THEM OVERCOME THE BARRIERS AND CHALLENGES THEY FACE FOR SELF-SUFFICIENCY. WE NETWORK WITH OTHER LOCAL AGENCIES AND GROUPS TO ADDRESS WHATEVER ISSUES ARE IDENTIFIED. OUR PROGRAM IS DRUG AND ALCOHOL FREE AND FAMILIES ARE REQUIRED TO WORK AND SAVE TOWARDS THEIR OWN HOUSING. FAMILIES EXITING OUR PROGRAM ARE PROVIDED ACCESS TO AFTERCARE CASE MANAGEMENT SERVICES TO HELP THEM MAINTAIN STABLE HOUSING. FRC'S PROGRAM HAS ALSO BEEN EXPANDED TO INCLUDE THE AVAILABILITY OF HOMELESS PREVENTION SERVICES ENCOMPASSING CASE MANAGEMENT SUPPORT AND LIMITED RENTAL MORTGAGE AND UTILITY FINANCIAL ASSISTANCE. THE PURPOSE OF THESE ADDITIONAL SERVICES, IS TO TRY AND ASSIST, FAMILIES WITH CHILDREN WHO ARE AT RISK OF HOMELESSNESS TO REMAIN IN THEIR EXISTING HOUSING.

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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 $1,484,297

Program Service Revenue $0

Investment Income $16,557

Other Revenue $-267,538

TOTAL REVENUE $1,233,316

Expense Breakdown

Grants Paid $25,958

Salaries & Benefits $484,614

Fundraising Expenses $97,126

Program Expenses $556,777

Other Expenses $346,129

TOTAL EXPENSES $856,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,233,316	$664,654	+0.9%
Expenses	$856,701	$834,372	+0.0%
Net Income	$376,615	$-169,718	-3.2%

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

Volunteers

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

$183,581

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MILLER	AT-LARGE MEMBER	1.00	Director	$0	$0	$0
DIANA JANZEN	PRESIDENT UNTIL 6/2023	1.00	Officer Director	$0	$0	$0
SHERRI RUMMEL-HAWK	SECRETARY	1.00	Officer Director	$0	$0	$0
KENDALL HAMLIN	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD HAAS	VP FOR MISSION LEADERSHIP	1.00	Officer Director	$0	$0	$0
NANCY STEWART	AT-LARGE MEMBER	1.00	Director	$0	$0	$0
MARCIA ALLISON	VP FOR DEVELOPMENT	1.00	Officer Director	$0	$0	$0
JARRETT KWIATEK	PRESIDENT AS OF 6/2023	1.00	Officer Director	$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
N/A	RELIGIOUS TRUSTEES	1.00		$0	$0	$0
CARLY GHIGLIOTTY	ACCOUNTANT	40.00	Officer	$45,312	$0	$45,312
ANTHONY DEOBIL	EXECUTIVE DIRECTOR UNTIL 5/2023	40.00	Officer	$27,409	$11,023	$38,432
DENISE O'TOOLE KELLY	EXECUTIVE DIRECTOR 5/2023-6/2023	40.00	Officer	$49,545	$14,146	$63,691
HEIDI GRUNBERG DANIELS	EXECUTIVE DIRECTOR AS OF 6/2023	40.00	Officer	$36,146	$0	$36,146

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	$1,233,316	$856,701	$1,876,278	$376,615
2022	$664,654	$834,372	$1,531,412	$-169,718
2021	$723,350	$702,130	$1,578,140	$21,220
2020	$1,283,232	$863,070	$1,560,154	$420,162
2019	$739,501	$864,811	$1,088,216	$-125,310
2018	$804,574	$946,226	$1,177,035	$-141,652

FAMILY RENEW COMMUNITY INC