KOVAGO DEVELOPMENTAL FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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 $749K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 35% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $744,790

PROVIDED PRESCHOOL ELEMENTARY EDUCATION IN THE MONTESSORI METHOD TO APPROXIMATELY 100 STUDENTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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 $76,633

TOTAL REVENUE $749,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $701,330

Fundraising Expenses $0

Program Expenses $749,627

Other Expenses $306,622

TOTAL EXPENSES $1,007,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$749,044	$1,267,055	-0.4%
Expenses	$1,007,952	$1,117,140	-0.1%
Net Income	$-258,908	$149,915	-2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	$950,884	$1,031,788	$498,885	$-80,904
2024	$749,044	$1,007,952	$297,045	$-258,908
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