NOEL COVER FOUNDATION INC C0 JERRY MACKEN (EIN 237451780) - Form 990 Financial Analysis & Trantor Score

🔒

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

Principal Officer

GERALD MACKEN

Phone

3083253437

Tax Period

2025-04-01 to 2026-01-31

NOEL COVER FOUNDATION INC C0 JERRY MACKEN is a small nonprofit that reported $107K in total revenue in fiscal year 2025. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $9.7M exceeded revenue, resulting in a 8957% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $102,818

Other Revenue $3,828

TOTAL REVENUE $106,646

Expense Breakdown

Grants Paid $9,546,500

Salaries & Benefits $2,421

Fundraising Expenses $0

Program Expenses $9,597,486

Other Expenses $110,436

TOTAL EXPENSES $9,659,357

Year-over-Year Comparison

	2025	2024	Change
Revenue	$106,646	$6,894,833	-1.0%
Expenses	$9,659,357	$331,853	+28.1%
Net Income	$-9,552,711	$6,562,980	-2.5%

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

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
GERALD MACKEN	PRESIDENT	3.00	Officer	$0	$0	$0
RICHARD KRUSHENSKY	V-PRES/SEC	2.00	Officer	$0	$0	$0
EDWARD BOOS	V-PRES/TREAS	1.00	Officer	$0	$0	$0
MADELINE GREGG	OPERAT. V/P	1.00	Director	$0	$0	$0
MEGAN NELSON	OPERAT. V/P	1.00	Director	$0	$0	$0
CHELSEA LEMAR	OPERAT. V/P	1.00	Director	$0	$0	$0
SUNNY GONZALES EIGHMY	OPERAT. V/P	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
2026	$106,646	$9,659,357	No data	$-9,552,711
2025	$6,894,833	$331,853	$9,552,711	$6,562,980
2024	$1,516,601	$227,679	$2,989,731	$1,288,922
2023	$240,825	$225,800	$1,700,889	$15,025
2023	$240,825	$225,800	$1,700,889	$15,025
2022	$158,155	$228,187	$1,685,783	$-70,032
2021	$227,888	$223,234	$1,755,815	$4,654
2020	$143,012	$223,167	$1,751,155	$-80,155

NOEL COVER FOUNDATION INC C0 JERRY MACKEN