COVER HOME REPAIR 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

2005

Legal Domicile

Principal Officer

HELEN HONG

Phone

8022967241

Tax Period

2024-07-01 to 2025-06-30

COVER HOME REPAIR INC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 7% surplus.

Mission

COVER'S MISSION IS TO FOSTER HOPE AND BUILD COMMUNITY BY MOBILIZING VOLUNTEERS AND HOMEOWNERS TO IMPROVE HOMES AND BY PROMOTING THE SUSTAINABLE REUSE OF DONATED GOODS.

Program Service Accomplishments

Program 1

Expenses: $500,908 Revenue: $14,229

COVER HOME REPAIR BRINGS COMMUNITY MEMBERS TOGETHER TO REPAIR AND IMPROVE HOMES AT LITTLE TO NO CHARGE, ENABLING HOMEOWNERS TO STAY SAFE, WARM, DRY, AND INDEPENDENT IN THEIR HOMES. THROUGH THIS WORK, COVER AIMS TO FOSTER CONNECTIONS THAT STRENGTHEN A SENSE OF COMMUNITY AND HOPE AMONG PARTICIPANTS. THE WORK CONSISTS OF URGENT HOME REPAIR, FALL PREVENTION, AND WEATHERIZATION SERVICES, HELPING OVER 70 HOUSEHOLDS IN THE UPPER VALLEY OF VERMONT AND NEW HAMPSHIRE STAY IN THEIR HOMES - WITH THE SUPPORT OF 250 VOLUNTEERS FROM THE COMMUNITY.

Program 2

Expenses: $304,300 Revenue: $365,287

THE COVER STORE AND COVER TO COVER BOOKS SELL DONATED GOODS, INCLUDING APPLIANCES, FURNITURE, BUILDING MATERIALS, BOOKS AND OTHER HOUSEHOLD GOODS TO HELP FUND LOW- TO NO-COST HOME REPAIR AND...

THE COVER STORE AND COVER TO COVER BOOKS SELL DONATED GOODS, INCLUDING APPLIANCES, FURNITURE, BUILDING MATERIALS, BOOKS AND OTHER HOUSEHOLD GOODS TO HELP FUND LOW- TO NO-COST HOME REPAIR AND WEATHERIZATION PROJECTS. THE STORE ALSO PROVIDED $12,000 IN FREE ESSENTIAL ITEMS TO CUSTOMERS-IN-NEED THIS FISCAL YEAR. THE STORES ARE ALSO COMMUNITY HUBS THAT PROMOTE COVER'S MISSION OF FOSTERING HOPE AND BUILDING COMMUNITY. IN FY2025, THE STORES FUNDED 20% OF THE HOME REPAIR PROGRAM BUDGET AND WERE SUPPORTED BY 240 VOLUNTEERS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $1,038,121

Program Service Revenue $21,176

Investment Income $21,635

Other Revenue $32,139

TOTAL REVENUE $1,113,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $687,562

Fundraising Expenses $72,055

Program Expenses $805,208

Other Expenses $347,885

TOTAL EXPENSES $1,035,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,113,071	$1,041,182	+0.1%
Expenses	$1,035,447	$951,190	+0.1%
Net Income	$77,624	$89,992	-0.1%

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

490

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

$77,369

Total Directors