RENOVARE MUSIC INC (EIN 833810783) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Phone

2163073903

Tax Period

2023-01-01 to 2023-12-31

RENOVARE MUSIC INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $174K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $149K left a modest 15% surplus.

Mission

Renovare Music bridges divided communities and creates restorative experiences through music storytelling and relationships. The principal musicians teach strings classes at two prisons in northeast Ohio perform interactive concerts and lead worship events either in marginalized spaces or with the goal of reconnecting siloed communities and lead collaborative songwriting projects with underestimated people.

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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 (2023)

Revenue Breakdown

Contributions & Grants $168,088

Program Service Revenue $12,037

Investment Income $0

Other Revenue $-6,070

TOTAL REVENUE $174,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,561

Fundraising Expenses $29,763

Program Expenses $90,159

Other Expenses $26,997

TOTAL EXPENSES $148,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,055	$134,966	+0.3%
Expenses	$148,558	$89,572	+0.7%
Net Income	$25,497	$45,394	-0.4%

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

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

$36,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rebecca Shasberger	Executive Director	40.00	Officer Director	$36,000	$0	$36,000
Kathleen Derwin	President	2.00	Officer Director	$0	$0	$0
Valerie Greenlee	Secretary	2.00	Officer Director	$0	$0	$0
Eric Harmon	Director	2.00	Director	$0	$0	$0
David Jesurun	Treasurer	2.00	Officer 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	$174,055	$148,558	$127,791	$25,497
2022	$134,966	$89,572	$115,045	$45,394

RENOVARE MUSIC INC