RENAISSANCE CHARTER SCHOOL INC

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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

1998

Legal Domicile

Principal Officer

KENNETH HAIKO

Phone

9542023500

Tax Period

2022-07-01 to 2023-06-30

RENAISSANCE CHARTER SCHOOL INC, founded in 1998, is a major nonprofit in the Education sector that reported $389.7M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION PROVIDES HIGH QUALITY SCHOOLS WITH AN UNWAVERING DEDICATION TO STUDENT ACHIEVEMENT UNYIELDING COMMITMENT TO ETHICAL AND SOUND BUSINESS PRACTICES PROVIDING A CHOICE FOR COMMUNITIES, PARENTS, STUDENTS AND PROFESSIONALS THAT FOSTERS EDUCATIONAL EXCELLENCE IN AMERICA.

Program Service Accomplishments

Program 1

Expenses: $45,619,171 Revenue: $56,858,110

OPERATING UNDER THE 2015 BOND PROGRAM, SIX SCHOOLS, RENAISSANCE CHARTER SCHOOL AT COOPER CITY, DUVAL CHARTER SCHOOL AT FLAGLER CENTER, RENAISSANCE CHARTER SCHOOL AT TAPESTRY, RENAISSANCE CHARTER...

OPERATING UNDER THE 2015 BOND PROGRAM, SIX SCHOOLS, RENAISSANCE CHARTER SCHOOL AT COOPER CITY, DUVAL CHARTER SCHOOL AT FLAGLER CENTER, RENAISSANCE CHARTER SCHOOL AT TAPESTRY, RENAISSANCE CHARTER SCHOOL AT PINES, RENAISSANCE CHARTER MIDDLE SCHOOL AT PINES, AND FOUR CORNERS UPPER SCHOOL, PROVIDE EDUCATION SERVICES TO KINDERGARTEN THROUGH TWELFTH GRADE IN BROWARD, DUVAL, AND OSCEOLA COUNTIES, FLORIDA.

Program 2

Expenses: $46,349,419 Revenue: $54,181,124

OPERATING UNDER THE 2020 A & B BOND PROGRAM, SIX SCHOOLS, KEYS GATE CHARTER HIGH SCHOOL, RENAISSANCE CHARTER SCHOOL AT CORAL SPRINGS, DUVAL CHARTER SCHOOL AND CHARTER HIGH SCHOOL AT BAYMEADOWS...

OPERATING UNDER THE 2020 A & B BOND PROGRAM, SIX SCHOOLS, KEYS GATE CHARTER HIGH SCHOOL, RENAISSANCE CHARTER SCHOOL AT CORAL SPRINGS, DUVAL CHARTER SCHOOL AND CHARTER HIGH SCHOOL AT BAYMEADOWS, HOLLYWOOD ACADEMY OF ARTS AND SCIENCE AND HOLLYWOOD ACADEMY OF ARTS AND SCIENCE MIDDLE SCHOOL, PROVIDE EDUCATION SERVICES TO KINDERGARTEN THROUGH TWELFTH GRADE IN BROWARD, DUVAL, AND MIAMI-DADE COUNTIES, FLORIDA.

Program 3

Expenses: $42,076,458 Revenue: $52,451,681

OPERATING UNDER THE 2021 BOND PROGRAM, FIVE SCHOOLS, RENAISSANCE CHARTER SCHOOL AT TRADITION, RENAISSANCE CHARTER SCHOOL AT SUMMIT, RENAISSANCE CHARTER SCHOOL AT HUNTER'S CREEK, DUVAL CHARTER SCHOOL AT WESTSIDE, AND TRADITION PREPARATORY ACADEMY, PROVIDE EDUCATION SERVICES TO KINDERGARTEN THROUGH TWELFTH GRADE IN ORANGE, PALM BEACH, ST. LUCIE, AND DUVAL COUNTIES, FLORIDA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $36,727,462

Program Service Revenue $350,705,696

Investment Income $1,885,920

Other Revenue $351,006

TOTAL REVENUE $389,670,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,352,863

Fundraising Expenses $0

Program Expenses $285,743,715

Other Expenses $196,747,063

TOTAL EXPENSES $388,099,926

Year-over-Year Comparison

	2022	2021	Change
Revenue	$389,670,084	$349,845,705	+0.1%
Expenses	$388,099,926	$369,377,270	+0.1%
Net Income	$1,570,158	$-19,531,565	-1.1%

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

2705

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
KENNETH HAIKO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DENNIS P CLARK	VICE-CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS P WHEELER	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
BILLIE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
PAT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SALLARULO	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$389,670,084	$388,099,926	$668,407,329	$1,570,158
2022	$349,845,705	$369,377,270	$680,018,201	$-19,531,565
2021	$322,771,755	$314,921,324	$543,300,790	$7,850,431
2020	$305,393,557	$316,714,453	$532,417,190	$-11,320,896
2019	$301,936,150	$301,569,913	$538,429,489	$366,237
2018	$276,073,750	$288,265,719	$477,105,933	$-12,191,969