COVINGTON PARTNERS INC (EIN 201515753) - 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

Phone

5133739035

Tax Period

2024-07-01 to 2025-06-30

COVINGTON PARTNERS INC, founded in 1999, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $660K, a strong 30% operating margin.

Mission

TO REDUCE BARRIERS TO STUDENT LEARNING IN ORDER TO ADVANCE EDUCATION AMONG STUDENTS

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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 $2,212,732

Program Service Revenue $0

Investment Income $28,409

Other Revenue $-16,337

TOTAL REVENUE $2,224,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,254

Fundraising Expenses $51,033

Program Expenses $1,371,011

Other Expenses $1,338,798

TOTAL EXPENSES $1,565,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,224,804	$1,167,140	+0.9%
Expenses	$1,565,052	$1,083,035	+0.4%
Net Income	$659,752	$84,105	+6.8%

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

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

$14,746

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Neena Volk	Chief Operating Officer	40.00	Officer	$14,746	$0	$14,746
Phyllis Yeager	Chair	1.00	Officer Director	$0	$0	$0
Sonya Walton	Director	1.00	Director	$0	$0	$0
Dr Angie Taylor	Vice Chair	1.00	Officer Director	$0	$0	$0
Vicki Seligman	Director	1.00	Director	$0	$0	$0
Lesley Holgate	Director	1.00	Director	$0	$0	$0
Megan Jackson	Director	1.00	Director	$0	$0	$0
Elle Houston	Director	1.00	Director	$0	$0	$0
Lauren Huizenga	Director	1.00	Director	$0	$0	$0
Trent Ledbetter	Director	1.00	Director	$0	$0	$0
Niki Lunsford	Director	1.00	Director	$0	$0	$0
Rosanne Nields	Director	1.00	Director	$0	$0	$0
Sara Sgantas	Director	1.00	Director	$0	$0	$0
Julie Giesen Scheper	Director	1.00	Director	$0	$0	$0
Charlie Schicht	Director	1.00	Director	$0	$0	$0
Charlie Schlimm	Director	1.00	Director	$0	$0	$0
Dave Schroeder	Director	1.00	Director	$0	$0	$0
Dr Carissa Schutzman	Director	1.00	Director	$0	$0	$0
Kareem Simpson	Director	1.00	Director	$0	$0	$0
Charlie Vance	Director	1.00	Director	$0	$0	$0
Lisa Desmarais	Director	1.00	Director	$0	$0	$0
Dr Janice Wilkerson	Director	1.00	Director	$0	$0	$0
Rachel Cruse	Director	1.00	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	$2,224,804	$1,565,052	$1,887,985	$659,752
2024	$1,167,140	$1,083,035	$1,146,796	$84,105
2023	$763,301	$480,225	$900,693	$283,076
2022	$277,214	$266,292	$535,443	$10,922
2021	$225,257	$248,518	$515,509	$-23,261
2020	$429,489	$254,413	$484,667	$175,076
2019	$307,250	$264,558	$327,507	$42,692
2018	$331,371	$317,476	$329,464	$13,895

COVINGTON PARTNERS INC