RENEW QUEENS 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

Principal Officer

SETH BAZACAS

Phone

6096750970

Tax Period

2024-01-01 to 2024-12-31

RENEW QUEENS INC is a small nonprofit in the Human Services sector that reported $414K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $397K left a modest 4% surplus.

Mission

COMMUNITY DEVELOPMENT CENTER PROVIDING MEETING SPACE FOR ORGANIZATIONS AND GROUPS, SUPPORT FOR TEENAGE MOTHERS AND YOUTH, AND SPIRITUAL AND EMOTIONAL HEALTH CLASSES

Program Service Accomplishments

Program 1

Expenses: $154,766 Revenue: $144,343

COMMUNITY MEETING SPACE PROVIDING ACCESS FOR

Program 2

Expenses: $117,780 Revenue: $135,102

ART PROGRAMS FOR YOUTH IN THE COMMUNITY

Program 3

Expenses: $124,655 Revenue: $135,002

SPIRITUAL AND EMOTIONAL HEALTH CLASSES AND EVENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $95,861

Program Service Revenue $318,586

Investment Income $0

Other Revenue $0

TOTAL REVENUE $414,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,223

Fundraising Expenses $4,218

Program Expenses $397,201

Other Expenses $294,978

TOTAL EXPENSES $397,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$414,447	$308,076	+0.3%
Expenses	$397,201	$336,816	+0.2%
Net Income	$17,246	$-28,740	-1.6%

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

N/A

Employees

Volunteers

140

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
SETH BAZACAS	PRESIDENT	5	Director	$0	$0	$0
KIRSTEN LEUNG	SECRETARY	1	Director	$0	$0	$0
JEREMY GOSS	TREASURER	1	Director	$0	$0	$0
NANCY SPENCER	VICE PRESIDENT	1	Director	$0	$0	$0
JACOB ZASKE	BOARD MEMBER	1	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	$414,447	$397,201	$119,648	$17,246
2023	$308,076	$336,816	$99,991	$-28,740
2022	$265,283	$242,376	$139,472	$22,907