Renova Inc (EIN 844199825) - 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

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

Renova, Inc's mission is to facilitate the restoration of health and wellness by providing quality therapy services that are accessible to all. The organization's vision is that each therapist in san diego receives quality training, and all those who call San Diego home will have access to quality and effective therapy services.

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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 $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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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

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

$251,253

Total Directors

$251,253

Key Employees

Highest Compensated

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

Renova Inc