Renascence Inc (EIN 631286067) - 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

2001

Legal Domicile

Principal Officer

VINCENT HALL

Phone

3348321402

Tax Period

2023-01-01 to 2023-12-31

RENASCENCE INC, founded in 2001, is a small nonprofit in the Crime & Legal sector that reported $224K in total revenue in fiscal year 2018. Revenue decreased 16% compared to the prior year. Expenses of $269K exceeded revenue, resulting in a 20% operating deficit.

Mission

To restore men recently released on parole by assisting them to successfully reintegrate into the community

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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 (2023)

Revenue Breakdown

Contributions & Grants $181,049

Program Service Revenue $48,753

Investment Income $1,406

Other Revenue $8,241

TOTAL REVENUE $239,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,768

Fundraising Expenses $10,470

Program Expenses $251,758

Other Expenses $117,317

TOTAL EXPENSES $284,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,449	$301,311	-0.2%
Expenses	$284,085	$307,661	-0.1%
Net Income	$-44,636	$-6,350	+6.0%

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

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 CROWLEY	Board member	N/A	Director	$0	$0	$0
JA'TAUNE BOSBY	Vicepresident	N/A	Officer Director	$0	$0	$0
LLOYD STRICKLAND	Treasurer	N/A	Officer Director	$0	$0	$0
CARLTON AVERY	Board member	N/A	Director	$0	$0	$0
JAMES BOZEMAN	Board member	N/A	Director	$0	$0	$0
VINCENT HALL	President	N/A	Officer Director	$0	$0	$0
WILLIE MILES	Board member	N/A	Director	$0	$0	$0
NELSON SMITH	Board member	N/A	Director	$0	$0	$0
TWYANNA PENICK	Secretary	N/A	Officer Director	$0	$0	$0
RYAN BEESLEY	Board member	N/A	Director	$0	$0	$0
MONIQUE DEGIVENCHY	Executive Director	40.00		$10,739	$0	$10,739

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	$239,449	$284,085	$384,997	$-44,636
2022	$301,311	$307,661	$438,114	$-6,350
2021	$381,899	$351,806	$415,485	$30,093
2020	$257,479	$292,587	$498,802	$-35,108
2019	$262,833	$225,293	$496,356	$37,540
2018	$224,203	$268,652	$482,063	$-44,449

Renascence Inc