KOVAGO DEVELOPMENTAL FOUNDATION INC (EIN 042867671) - 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

1988

Legal Domicile

Principal Officer

CHRISTINE KOVAGO

Phone

7814444820

Tax Period

2023-07-01 to 2024-06-30

KOVAGO DEVELOPMENTAL FOUNDATION INC, founded in 1988, is a small nonprofit in the Education sector that reported $951K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE PRESCHOOL ELEMENTARY EDUCATION IN THE MONTESSORI METHOD TO APPROXIMATELY 100 STUDENTS PER YEAR

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $670,299

Investment Income $2,112

Other Revenue $278,473

TOTAL REVENUE $950,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $707,484

Fundraising Expenses $0

Program Expenses $756,258

Other Expenses $324,304

TOTAL EXPENSES $1,031,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$950,884	$1,267,055	-0.2%
Expenses	$1,031,788	$1,117,140	-0.1%
Net Income	$-80,904	$149,915	-1.5%

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

$115,602

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE KOVAGO	PRESIDENT	40.00	Officer	$115,602	$0	$115,602
ROBERT A WEISS	DIRECTOR	N/A	Director	$0	$0	$0
AGOSTON KOVAGO	CLERK	N/A	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	$749,044	$1,007,952	$297,045	$-258,908
2024	$950,884	$1,031,788	$498,885	$-80,904
2023	$1,267,055	$1,117,140	$533,253	$149,915
2022	$1,272,654	$1,131,192	$521,855	$141,462
2021	$811,321	$866,107	$429,673	$-54,786
2020	$811,350	$816,763	$380,040	$-5,413
2019	$887,048	$851,987	$270,678	$35,061
2019	$810,000	$733,009	$236,572	$76,991
2018	$812,804	$873,423	$293,647	$-60,619

KOVAGO DEVELOPMENTAL FOUNDATION INC