RENAISSANCE COVINGTON INC (EIN 900126762) - 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

2003

Legal Domicile

Principal Officer

NICK WADE

Phone

8594912220

Tax Period

2022-07-01 to 2023-06-30

RENAISSANCE COVINGTON INC, founded in 2003, is a small nonprofit that reported $178K in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE ORGANIZATION PROMOTES ECONOMIC DEVELOPMENT IN THE CITY OF COVINGTON, KENTUCKY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $169,345

Program Service Revenue $6,537

Investment Income $0

Other Revenue $1,658

TOTAL REVENUE $177,540

Expense Breakdown

Grants Paid $72,154

Salaries & Benefits $57,685

Fundraising Expenses $10,315

Program Expenses $174,342

Other Expenses $86,899

TOTAL EXPENSES $216,738

Year-over-Year Comparison

	2022	2021	Change
Revenue	$177,540	$348,373	-0.5%
Expenses	$216,738	$416,362	-0.5%
Net Income	$-39,198	$-67,989	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN GRAHAM	BOARD MEMBER	2.00	Director	$0	$0	$0
MORGAN DAVENPORT	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLA FRYE	BOARD MEMBER	2.00	Director	$0	$0	$0
KARA FOXX	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY MILBURN	BOARD MEMBER	2.00	Director	$0	$0	$0
CATE DOUGLAS	BOARD MEMBER	2.00	Director	$0	$0	$0
TORI LUCKENBACK	PRESIDENT	4.00	Officer	$0	$0	$0
CHELSEY O'CONNELL	VICE PRESIDENT	4.00	Officer	$0	$0	$0
ADRIJANA KOWATSCH	SECRETARY	4.00	Officer	$0	$0	$0
MARY KATE VANDERGLASS	TREASURER	4.00	Officer	$0	$0	$0
NICK WADE	EXECUTIVE DIRECTOR	40.00	Officer	$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
2023	$177,540	$216,738	No data	$-39,198
2022	$348,373	$416,362	$39,198	$-67,989
2021	$310,226	$264,535	$123,887	$45,691
2020	$262,328	$223,018	$70,196	$39,310
2019	$234,400	$267,819	$22,186	$-33,419
2018	$357,942	$347,175	$55,605	$10,767

RENAISSANCE COVINGTON INC