The Cove Center for Grieving Children Inc (EIN 061546563) - 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

1999

Legal Domicile

Principal Officer

Allison Gamber

Phone

2036340500

Tax Period

2024-07-01 to 2025-06-30

The Cove Center for Grieving Children Inc, founded in 1999, is a small nonprofit in the Human Services sector that reported $574K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $504K left a modest 12% surplus.

Mission

Education/training/loss counseling Providing hope and healing for grieving children and teens, and training the professionals who work with them

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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 $425,444

Program Service Revenue $0

Investment Income $6,161

Other Revenue $142,100

TOTAL REVENUE $573,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,854

Fundraising Expenses $41,297

Program Expenses $388,819

Other Expenses $244,600

TOTAL EXPENSES $504,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$573,705	$514,783	+0.1%
Expenses	$504,454	$492,508	+0.0%
Net Income	$69,251	$22,275	+2.1%

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

124

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

$103,771

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allison Gamber	Executive Director	40.00	Officer Highest	$103,771	$0	$103,771
Katie Spinello	President	2.00	Director	$0	$0	$0
Michelle P Ciotola	Vice President	2.00	Director	$0	$0	$0
Carrier Bishop	Treasurer	2.00	Director	$0	$0	$0
Tracy Lotko	Secretary	2.00	Officer	$0	$0	$0
Amara Barbiero	Trustee	2.00	Officer	$0	$0	$0
Stephen Mongelli	Trustee	2.00	Officer	$0	$0	$0
Linda Romanchok	Trustee	2.00	Officer	$0	$0	$0
Jamie Shedd	Trustee	2.00	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
2025	$573,705	$504,454	$654,083	$69,251
2024	$514,783	$492,508	$533,490	$22,275
2023	$508,020	$422,543	$543,384	$85,477
2022	$439,185	$359,082	$480,579	$80,103
2021	$408,111	$341,497	$433,914	$66,614
2020	$486,453	$335,427	$356,813	$151,026
2019	$427,042	$423,304	$205,096	$3,738
2018	$351,492	$366,568	$203,821	$-15,076

The Cove Center for Grieving Children Inc