RENEW MINISTRIES INC (EIN 934235038) - 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

2023

Legal Domicile

Principal Officer

DONOVAN COUGHLIN

Phone

4234905380

Tax Period

2024-01-01 to 2024-12-31

RENEW MINISTRIES INC, founded in 2023, is a small nonprofit in the Religion sector that reported $291K in total revenue in fiscal year 2024. The organization ran a surplus of $180K, a strong 62% operating margin.

Mission

RENEW IS A FAITH-BASED MINISTRY THAT IS DESIGNED TO RESTORE MEN AND WOMEN TO THE PLACE OF DIGNITY AND CONTRIBUTION IN SOCIETY THAT GOD DESIGNED THEM TO HAVE. THROUGH THE STUDY OF BIBLICAL PRINCIPLES, THEY ARE TRAINED TO THINK DIFFERENTLY, WHICH ALLOWS THEM TO APPROACH PAST WOUNDS WITH A DIFFERENT PERSPECTIVE, AND CURRENT LIFE CHOICES WITH A NEW SET OF SKILLS GROUNDED IN WISDOM AND TRUTH. THIS MINISTRY IS DESIGNED TO RESTORE THE LIFE OF EACH PARTICIPANT WHICH, IN TURN, RESTORES THE LIVES OF THEIR FAMILIES, THROUGH A PERSONAL UNDERSTANDING OF JESUS AND A PRACTICAL APPLICATION OF HIS WORD IN THEIR LIVES, AS WE WALK EACH STEP OF THE WAY WITH THEM THROUGH THE PROCESS.

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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 $290,785

Program Service Revenue $186

Investment Income $0

Other Revenue $440

TOTAL REVENUE $291,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,667

Fundraising Expenses $0

Program Expenses $98,000

Other Expenses $75,050

TOTAL EXPENSES $111,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,411	N/A	N/A
Expenses	$111,717	N/A	N/A
Net Income	$179,694	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

Governance

Voting Members

Independent Members

Employees

N/A

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

$36,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD BRIGHTMAN	DIRECTOR	0.29	Director	$0	$0	$0
MIKE OTTERMAN	DIRECTOR	0.29	Director	$0	$0	$0
DONOVAN COUGHLIN	EXECUTIVE DIRECTOR	0.29	Officer	$0	$0	$36,667
PEGGY BRUNING	SECRETARY	0.29	Officer	$0	$0	$0
BRIAN CURRIER	TREASURER	0.29	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	$291,411	$111,717	$197,694	$179,694

RENEW MINISTRIES INC