THE FOUNDATION FOR RENEWAL

EIN: 921884430 501(c)(3) Religion

Kent, WA

Total Revenue
$3,007,168
Total Expenses
$114,939
Total Assets
$2,892,229
Net Assets
$2,892,229
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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
2023
Legal Domicile
WA
Principal Officer
CASEY TREAT
Phone
2067792678
Tax Period
2024-01-01 to 2024-12-31

THE FOUNDATION FOR RENEWAL, founded in 2023, is a community nonprofit in the Religion sector that reported $3.0M in total revenue in fiscal year 2024. The organization ran a surplus of $2.9M, a strong 96% operating margin.

Mission

FURTHERANCE OF CHRISTIAN FAITH IN ALIGNMENT WITH THE MISSION OF THE ORGANIZATION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,007,000
Program Service Revenue $0
Investment Income $168
Other Revenue $0
TOTAL REVENUE $3,007,168

Expense Breakdown

Grants Paid $18,500
Salaries & Benefits $91,948
Fundraising Expenses $0
Program Expenses $18,500
Other Expenses $4,491
TOTAL EXPENSES $114,939

Year-over-Year Comparison

2024 2023 Change
Revenue $3,007,168 N/A N/A
Expenses $114,939 N/A N/A
Net Income $2,892,229 N/A N/A
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

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Governance

Voting Members
3
Independent Members
2
Employees
2
Volunteers
5

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
2
$45,000
Total Directors
1
$42,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CASEY TREAT PRESIDENT 15.00
Officer
$45,000 $0 $45,000
WENDY TREAT DIRECTOR 10.00
Director
$42,000 $0 $42,000
KIM WESOLEK SECTREASURER 5.00
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
2024 $3,007,168 $114,939 $2,892,229 $2,892,229
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