JDC CORPORATION % THE COVE CENTER (EIN 200587788) - 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

2003

Legal Domicile

Principal Officer

GRACE TOE

Phone

4012746310

Tax Period

2024-07-01 to 2025-06-30

JDC CORPORATION % THE COVE CENTER, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $74K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $84K exceeded revenue, resulting in a 13% operating deficit.

Mission

HOUSING FOR LOW AND MODERATE INCOME PERSONS WITH DISABILITIES UNDER SECTION 811 OF THE NATIONAL HOUSING ACT

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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 $0

Program Service Revenue $74,382

Investment Income $3

Other Revenue $100

TOTAL REVENUE $74,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,854

Other Expenses $83,854

TOTAL EXPENSES $83,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,485	$64,626	+0.2%
Expenses	$83,854	$83,696	+0.0%
Net Income	$-9,369	$-19,070	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PEARIS	Vice President	1.00	Officer Director	$0	$0	$0
PATRICIA FISKE	President	1.00	Officer Director	$0	$0	$0
GRACE TOE	Treasurer	1.00	Officer Director	$0	$0	$0
ROLAND NICKERSON	Director	1.00	Director	$0	$0	$0
HELEN MORCOS	Director	0.00	Director	$0	$0	$0
DR JUNE GRODEN	Director	0.00	Director	$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	$74,485	$83,854	$348,347	$-9,369
2024	$64,626	$83,696	$356,734	$-19,070
2023	$65,089	$87,051	$374,182	$-21,962
2022	$57,333	$86,674	$415,667	$-29,341
2021	$52,214	$81,773	$413,180	$-29,559
2020	$52,201	$66,844	$410,656	$-14,643
2019	$50,942	$65,759	$436,215	$-14,817

JDC CORPORATION % THE COVE CENTER