Renova Inc

EIN: 844199825 501(c)(3) Human Services

San Diego, CA

Total Revenue
$1,670,817
Total Expenses
$1,624,918
Total Assets
$118,451
Net Assets
$109,014
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
Lisa J Palmer-Olsen
Phone
6198950509
Tax Period
2024-01-01 to 2024-12-31

Renova Inc, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

See Form 990, Part I, Line 1

Program Service Accomplishments

Program 1
Expenses: $1,151,409 Revenue: $1,254,318

Renova, Inc. expands access to mental health care through direct clinical services for California residents. By providing in-person counseling at its clinics in San Diego County, Renova delivers...

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Renova, Inc. expands access to mental health care through direct clinical services for California residents. By providing in-person counseling at its clinics in San Diego County, Renova delivers vital support to local patients and families managing mental health conditions. To further increase accessibility, Renova offers need-based sliding scale discounts for therapy sessions conducted by its trainee clinicians, ensuring that financial constraints don't prevent individuals from receiving necessary care. Additionally, its virtual therapy offerings give people throughout California the ability to conveniently access Renova's team of licensed professionals. This combination of affordable in-person and virtual services allows Renova to reach a diverse range of clients with varying needs and financial situations. During the reporting period, Renova served over 300 cases, demonstrating its commitment to improving mental health care access across different communities in California.

Program 2
Expenses: $277,583 Revenue: $339,620

Renova, Inc.'s training program for therapists and doctors improves access to quality mental health care in San Diego County. By providing affordable education in specialized therapies like...

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Renova, Inc.'s training program for therapists and doctors improves access to quality mental health care in San Diego County. By providing affordable education in specialized therapies like emotionally focused and play therapy, Renova equips clinicians to offer targeted treatment to community members in need. To enhance accessibility, Renova offers scholarships and discounted rates for 6 of its training courses, ensuring a diverse range of practitioners can benefit from this professional development opportunity. This investment enables practitioners to enhance their skills so they can better serve patients and families managing mental health challenges. During the reporting period, Renova facilitated over 30 training courses overall to mental health clinicians around the world, each spanning 3-6 months. Through these efforts, Renova expands the reach of specialized mental health care and supports the growth of a more skilled and diverse clinical workforce.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,000
Program Service Revenue $1,593,938
Investment Income $2
Other Revenue $56,877
TOTAL REVENUE $1,670,817

Expense Breakdown

Grants Paid $104,333
Salaries & Benefits $1,079,299
Fundraising Expenses $0
Program Expenses $1,428,992
Other Expenses $441,286
TOTAL EXPENSES $1,624,918

Year-over-Year Comparison

2024 2023 Change
Revenue $1,670,817 $1,884,043 -0.1%
Expenses $1,624,918 $1,924,388 -0.2%
Net Income $45,899 $-40,345 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
2
Employees
16
Volunteers
N/A

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
3
$251,253
Total Directors
4
$251,253
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathryn De Bruin Former Director/Officer 40.00
$185,184 $0 $185,184
Lisa J Palmer-Olsen President 40.00
Officer Director
$144,328 $0 $144,328
Marisa Reynoso Secretary 40.00
Officer Director
$106,925 $0 $106,925
Wanda Gardner Treasurer 0.10
Officer Director
$0 $0 $0
Julie Rogelstad Director 0.10
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 $1,670,817 $1,624,918 $118,451 $45,899
2023 $1,884,043 $1,924,388 $81,376 $-40,345
2022 $1,160,416 $1,041,904 $129,604 $118,512
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