RENEW BIRMINGHAM (EIN 873838491) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

RICHARD E SIMMONS III

Phone

2057893471

Tax Period

2024-01-01 to 2024-12-31

RENEW BIRMINGHAM, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2022. The organization ran a surplus of $615K, a strong 58% operating margin.

Mission

AT RENEW BIRMINGHAM, WE ARE FOCUSED ON COMMUNITY COHESION BY EMPOWERING RESIDENTS IN FIVE KEY AREAS OF NEED (HOUSING, ADULT EDUCATION AND WORKFORCE DEVELOPMENT, JOB OPPORTUNITIES AND TRANSPORTATION, YOUTH EDUCATION SERVICES, AND COMMUNITY HEALTH AND WELLNESS). WE DEVELOP RELATIONSHIPS WITH OTHER NON-PROFITS WHO PROVIDE SERVICES TO ALIGN WITH THESE NEEDS. WORKING TOGETHER, WE ARE DETERMINED TO MAKE MEANINGFUL CHANGE FOR THE RESIDENTS OF BIRMINGHAM'S MOST CHALLENGED NEIGHBORHOODS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $829,270

Program Service Revenue $8,830

Investment Income $3,588

Other Revenue $10,469

TOTAL REVENUE $852,157

Expense Breakdown

Grants Paid $20,875

Salaries & Benefits $496,546

Fundraising Expenses $0

Program Expenses $733,471

Other Expenses $448,802

TOTAL EXPENSES $966,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$852,157	$779,905	+0.1%
Expenses	$966,223	$851,528	+0.1%
Net Income	$-114,066	$-71,623	+0.6%

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

125

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

$111,076

Total Directors

$111,076

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD E SIMMONS III	PRESIDENT	12.00	Officer Director	$0	$0	$0
FERNANDA GERREL JONES	EXECUTIVE DIRECTOR	40.00	Officer Director	$111,076	$0	$111,076
MARK MARTIN	BOARD MEMBER	8.00	Director	$0	$0	$0
JANICE HAMILTON	BOARD MEMBER	4.00	Director	$0	$0	$0
EULA JACKSON	BOARD MEMBER	4.00	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
2025	No data	No data	No data	No data
2024	$852,157	$966,223	$427,511	$-114,066
2023	$779,905	$851,528	$543,454	$-71,623
2022	$1,067,014	$451,937	$615,077	$615,077

RENEW BIRMINGHAM