RENEW BIRMINGHAM

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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

RICHARD E SIMMONS III

Phone

2057893471

Tax Period

2024-01-01 to 2024-12-31

RENEW BIRMINGHAM, founded in 2021, is a small nonprofit in the Human Services sector that reported $852K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $966K exceeded revenue, resulting in a 13% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $42,457

ENSLEY RENAISSANCE FESTIVAL: HELD ON SATURDAY, AUGUST 3, 2024 AS A NEIGHBORHOOD GATHERING AND FOR AN INTRODUCTION OF RENEW BIRMINGHAM TO THE COMMUNITY. MUSICIANS AND OTHER ARTISTS PERFORMED FOR THOSE IN ATTENDANCE. ANTIQUE CARS WERE ALSO ON DISPLAY. OVER 250 ENSLEY AREA RESIDENTS ATTENDED, GOT TO KNOW EACH OTHER AND TALKED ABOUT HOW TO CHANGE THE CULTURE IN THE ENSLEY NEIGHBORHOODS.

Program 2

Expenses: $243,206

PUTTING THE NEIGHBOR BACK IN THE NEIGHBORHOOD: ENSLEY RESIDENTS WERE RECRUITED TO HOST 20 YARD PARTIES AND 23 OTHER COMMUNITY EVENTS. NEIGHBORS WERE INVITED AND HEARD ABOUT THE PURPOSE OF RENEW...

PUTTING THE NEIGHBOR BACK IN THE NEIGHBORHOOD: ENSLEY RESIDENTS WERE RECRUITED TO HOST 20 YARD PARTIES AND 23 OTHER COMMUNITY EVENTS. NEIGHBORS WERE INVITED AND HEARD ABOUT THE PURPOSE OF RENEW BIRMINGHAM. OVER 700 RESIDENTS ATTENDED THE VARIOUS YARD EVENTS AND DISCUSSED HOW TO CHANGE THE CULTURE IN THE ENSLEY NEIGHBORHOODS. RENEW BIRMINGHAM GATHERED DEMOGRAPHIC INFORMATION TO USE IN ITS CHARITY TRACKER SOFTWARE.

Program 3

Expenses: $282,188 Revenue: $8,830

ASSISTING THE ENSLEY AREA RESIDENTS WITH OBTAINING AFFORDABLE AND SAFE HOUSING IS ONE OF RENEW BIRMINGHAM'S MAIN FOCUS AREAS. IN 2024, OVER 160 ENSLEY RESIDENTS RECEIEVED FINANCIAL ASSISSTANCE...

ASSISTING THE ENSLEY AREA RESIDENTS WITH OBTAINING AFFORDABLE AND SAFE HOUSING IS ONE OF RENEW BIRMINGHAM'S MAIN FOCUS AREAS. IN 2024, OVER 160 ENSLEY RESIDENTS RECEIEVED FINANCIAL ASSISSTANCE TOTALING $282,188 WITH PAST DUE OR DELINQUENT RENTS, UTILITY PAYMENTS, AND OTHER CRITICAL REPAIRS TO THEIR HOMES IN THE SERVICE AREA. IN ADDITION, 31 ELDERLY RESIDENTS RECEIVED HELP WITH LAWN MAINTENANCE. CANTERBURY UNITED METHODIST FOUNDATION AND NAVIGATE AFFORDABLE HOUSING PROVIDED FINANCIAL GRANTS TOTALING $100,000 TO ASSIST IN THE AREA OF NEED.

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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 $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