RENEW POLK INC

EIN: 811897790 501(c)(3) Religion

Lakeland, FL

Total Revenue
$225,000
Total Expenses
$252,403
Total Assets
$195,208
Net Assets
$195,208
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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
2016
Legal Domicile
FL
Principal Officer
Frank McCaulley
Phone
8636037777
Tax Period
2023-01-01 to 2023-12-31

RENEW POLK INC, founded in 2016, is a small nonprofit in the Religion sector that reported $225K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $252K exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide a ministry for church planting.

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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 $225,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $225,000

Expense Breakdown

Grants Paid $105,000
Salaries & Benefits $90,000
Fundraising Expenses $0
Program Expenses $252,403
Other Expenses $57,403
TOTAL EXPENSES $252,403

Year-over-Year Comparison

2023 2022 Change
Revenue $225,000 $283,577 -0.2%
Expenses $252,403 $249,707 +0.0%
Net Income $-27,403 $33,870 -1.8%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
15

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
$20,400
Total Directors
0
$0
Key Employees
2
$20,400
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lyle Caswell Director 15
Officer Key Emp
$15,000 $0 $15,000
Frank McCaulley Secretary/Treasurer 7
Officer Key Emp
$5,400 $0 $5,400
Drew Bennett Director 5
Officer
$0 $0 $0
Tim Rice Director 5
Officer
$0 $0 $0
Ben Turner Director 5
Officer
$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 $225,000 $252,403 $195,208 $-27,403
2022 $283,577 $249,707 $224,854 $33,870
2021 $227,689 $165,299 $178,424 $62,390
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