RENOWN COLLECTIVE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

JAMES PATRICK MITCHELL

Phone

7045640763

Tax Period

2023-01-01 to 2023-12-31

RENOWN COLLECTIVE INC, founded in 2016, is a small nonprofit in the Religion sector that reported $240K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

RENOWN COLLECTIVE IS A NETWORK OF SOCIAL ENTREPRENEUR COMPANIES UNIFIED AROUND A COMMON OBJECTIVE: TO BRING HOPE TO COMMUNITIES IN AFRICA AND AROUND THE GLOBE. RENOWN COLLECTIVE IS A HOLISTIC STRATEGY EMPLOYED THROUGH DIVERSE SOCIAL INITIATIVES. IT IS FOCUSED ON CREATIVELY ADDRESSING AND FUNDING SOLUTIONS TO THE GLOBAL NEEDS OF CLEAN WATER, EDUCATION, HEALTHCARE, HOLISTIC SPIRITUAL CARE, ORPHANS, MICRO-FINANCE, AND OTHER ISSUES WHICH EXIST AS OBSTACLES FOR HOPE IN THE LIVES OF PEOPLE ALL AROUND THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $249,608

DIRTY WATER IS A BULLY THE AFRICAN PEOPLE HAVE BEEN FIGHTING FOR CENTURIES. THE HOLISTIC EFFECTS ARE DEVASTATING. AT RENOWN COLLECTIVE, WEVE JOINED THIS FIGHT BY TEAMING UP WITH THE BEST AFRICAN-LED ORGANIZATIONS WHO ARE COMMITTED TO HOLISTIC AND SUSTAINABLE SOLUTIONS. TOGETHER, WE WANT TO DEAL THE FINAL BLOW TO THIS BULLY SO THE AFRICAN PEOPLE CAN EXPERIENCE THE FLOURISHING THEY WERE MADE FOR

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $239,085

Program Service Revenue $0

Investment Income $0

Other Revenue $702

TOTAL REVENUE $239,787

Expense Breakdown

Grants Paid $72,269

Salaries & Benefits $141,921

Fundraising Expenses $8,728

Program Expenses $249,608

Other Expenses $48,216

TOTAL EXPENSES $262,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,787	$213,776	+0.1%
Expenses	$262,406	$202,953	+0.3%
Net Income	$-22,619	$10,823	-3.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$97,912

Total Directors

$125,182

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PATRICK MITCHELL	CHAIRMAN	45.00	Officer Director	$97,912	$0	$97,912
CHAZ RIPLEY	SECRETARY	20.00	Director	$27,270	$0	$27,270
DON BUMBULUCZ	TREASURER	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
2024	No data	No data	No data	No data
2023	$239,787	$262,406	$85,279	$-22,619
2022	$213,776	$202,953	$106,238	$10,823