COVILLE BAY INC

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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

1982

Legal Domicile

Principal Officer

TAMMY FRANCIS

Phone

5183583127

Tax Period

2025-01-01 to 2025-12-31

COVILLE BAY INC, founded in 1982, is a small nonprofit that reported $299K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $45K, a strong 15% operating margin.

Mission

THE ORGANIZATION MAINTAINS THREE LOW INCOME APARTMENT BUILDINGS (A TOTAL OF 38 UNITS) FOR SENIOR CITIZENS BUILT WITH FMHA LOANS AND INTEREST SUBSIDY.

Program Service Accomplishments

Program 1

Expenses: $192,889 Revenue: $284,772

ELDERLY SUBSIDIZED HOUSING

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $284,772

Investment Income $10,750

Other Revenue $3,487

TOTAL REVENUE $299,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,946

Fundraising Expenses $0

Program Expenses $192,889

Other Expenses $159,746

TOTAL EXPENSES $253,692

Year-over-Year Comparison

	2025	2024	Change
Revenue	$299,009	$392,546	-0.2%
Expenses	$253,692	$316,761	-0.2%
Net Income	$45,317	$75,785	-0.4%

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

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

$40,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD DABIEW	PRESIDENT	0.10	Officer Director	$0	$0	$0
WILLIAM ARMSTRONG	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
SANDRA TREMBLAY	SECRETARY	0.10	Officer Director	$0	$0	$0
ANN DABIEW	DIRECTOR	0.10	Director	$0	$0	$0
MARILYN FURNIA	DIRECTOR	0.10	Director	$0	$0	$0
BONNIE PICKERING	DIRECTOR	0.10	Director	$0	$0	$0
BENSON KELLEY	DIRECTOR	0.10	Director	$0	$0	$0
RUTH GHOSTLAW	DIRECTOR	0.10	Director	$0	$0	$0
CAROL SMALLMAN	DIRECTOR	0.10	Director	$0	$0	$0
PAUL LAUZON	DIRECTOR	0.10	Director	$0	$0	$0
JERRY LEROUX	DIRECTOR	0.10	Director	$0	$0	$0
TAMMY FRANCIS	MANAGER	25.00	Officer	$40,800	$0	$40,800

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	$299,009	$253,692	$362,407	$45,317
2024	$392,546	$316,761	$371,520	$75,785
2023	$376,801	$325,599	$330,694	$51,202
2022	$368,067	$338,645	$326,270	$29,422
2021	$357,367	$322,679	$326,299	$34,688
2020	$363,265	$305,394	$322,019	$57,871
2019	$338,729	$306,279	$292,007	$32,450
2018	$333,106	$309,866	$284,382	$23,240