COVINGTON ROTARY FOUNDATION (EIN 203357413) - 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

Principal Officer

JON HENDERSON

Tax Period

2024-01-01 to 2024-12-31

COVINGTON ROTARY FOUNDATION is a micro nonprofit in the Human Services sector that reported $77K in total revenue in fiscal year 2024. Expenses of $114K exceeded revenue, resulting in a 48% operating deficit.

Mission

THE MISSION OF THE ROTARY FOUNDATION IS TO ENABLE ROTARIANS TO ADVANCE WORLD UNDERSTANDING, GOODWILL, THE IMPROVEMENT OF HEALTH, THE SUPPORT OF EDUCATION AND THE ALLEVIATION OF POVERTY.

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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 $0

Investment Income $0

Other Revenue $77,190

TOTAL REVENUE $77,190

Expense Breakdown

Grants Paid $21,700

Salaries & Benefits $0

Fundraising Expenses $74,761

Program Expenses $39,116

Other Expenses $92,177

TOTAL EXPENSES $113,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,190	$74,802	+0.0%
Expenses	$113,877	$33,947	+2.4%
Net Income	$-36,687	$40,855	-1.9%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON HENDERSON	PRESIDENT	N/A	Officer	$0	$0	$0
KIRK MICHEL	TREASURER	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	$77,190	$113,877	$148,613	$-36,687
2023	$74,802	$33,947	$158,130	$40,855
2022	$93,503	$101,454	$105,275	$-7,951
2021	$56,258	$63,728	$107,670	$-7,470
2020	$59,761	$49,894	$116,962	$9,867

COVINGTON ROTARY FOUNDATION