RENEW UPSCALE THRIFT INC

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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

2021

Legal Domicile

Principal Officer

RENEE LEE

Phone

6169420363

Tax Period

2024-07-01 to 2025-06-30

RENEW UPSCALE THRIFT INC, founded in 2021, is a small nonprofit that reported $398K in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $530K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO RAISE FUNDS TO REDUCE TUITION FOR ALL NORTHPOINTE CHRISTIAN SCHOOL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $506,271 Revenue: $282,072

RENEW UPSCALE THRIFT STORE OPENED ITS DOORS IN AUGUST 2021 TO RAISE FUNDS TO REDUCE TUITION FORALL NORTHPOINTE CHRISTIAN SCHOOL STUDENTS BY SALES OF DONATED MERCHANDISE.

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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 $115,376

Program Service Revenue $5,665

Investment Income $249,471

Other Revenue $27,040

TOTAL REVENUE $397,552

Expense Breakdown

Grants Paid $368,500

Salaries & Benefits $90,875

Fundraising Expenses $0

Program Expenses $506,271

Other Expenses $70,911

TOTAL EXPENSES $530,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$397,552	$203,393	+1.0%
Expenses	$530,286	$200,263	+1.6%
Net Income	$-132,734	$3,130	-43.4%

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

$48,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY KEESSEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
RENEE LEE	TREASURER	2.00	Officer Director	$0	$0	$0
WILLIAM VANDYK	DIRECTOR	1.00	Director	$0	$0	$0
JASON KOOISTRA	DIRECTOR	1.00	Officer Director	$0	$0	$0
RYAN SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN KEMMERER	DIRECTOR	1.00	Director	$0	$0	$0
LUTHER SCRUGGS	STORE DIRECTOR	40.00	Officer	$48,250	$0	$48,250

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	$397,552	$530,286	No data	$-132,734
2024	$203,393	$200,263	$995,773	$3,130
2023	$169,972	$194,655	$1,017,994	$-24,683
2022	$363,229	$192,403	$1,048,316	$170,826