MILL COVE 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

2013

Legal Domicile

Principal Officer

JOHN LAMONSKI

Tax Period

2024-01-01 to 2024-12-31

MILL COVE INC, founded in 2013, is a small nonprofit in the Youth Development sector that reported $141K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $101K, a strong 72% operating margin.

Mission

TO FACILITATE THE ENHANCEMENT OF THE MILL COVE ENVIRONMENTAL AREA FOR RECREATION AND ENVIRONMENTAL EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $29,460

THE ORGANIZATION SOLICITS SUPPORT FROM LOCAL RESIDENTS AND BUSINESSES AND USES THAT SUPPORT TO OFFER RECREATION AND ENVIRONMENTAL EDUCATIONAL PROGRAMMING, INCLUDING THE BUILDING AND MAINTENANCE OF...

THE ORGANIZATION SOLICITS SUPPORT FROM LOCAL RESIDENTS AND BUSINESSES AND USES THAT SUPPORT TO OFFER RECREATION AND ENVIRONMENTAL EDUCATIONAL PROGRAMMING, INCLUDING THE BUILDING AND MAINTENANCE OF FACILITIES, AT THE MILL COVE ENVIRONMENTAL AREA IN TIOGA COUNTY PENNSYLVANIA.

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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 $138,395

Program Service Revenue $1,232

Investment Income $1,008

Other Revenue $0

TOTAL REVENUE $140,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,685

Other Expenses $39,668

TOTAL EXPENSES $39,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,635	$173,583	-0.2%
Expenses	$39,668	$155,802	-0.7%
Net Income	$100,967	$17,781	+4.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY AUMICK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LAMPHIER	DIRECTOR	1.00	Director	$0	$0	$0
C FREDERICK LAVANCHER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES OUELLETTE	DIRECTOR	1.00	Director	$0	$0	$0
LEO PARCHESKY	DIRECTOR	1.00	Director	$0	$0	$0
LEE STOCKS PHD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE STEINBACHER	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA UNDERWOOD	DIRECTOR	1.00	Director	$0	$0	$0
KALLIE WICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK COLBY	VICE PRESIDE	5.00	Officer	$0	$0	$0
DINA HENNINGER	SECRETARY	5.00	Officer	$0	$0	$0
JOHN LAMONSKI	TREASURER	5.00	Officer	$0	$0	$0
SAM VANLOON	PRESIDENT	5.00	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
2025	No data	No data	No data	No data
2024	$140,635	$39,668	$328,479	$100,967
2023	$173,583	$155,802	No data	$17,781
2022	$93,965	$188,834	No data	$-94,869
2021	$36,485	$24,617	No data	$11,868
2020	$44,788	$202,153	No data	$-157,365
2019	$157,124	$296,607	No data	$-139,483
2018	$219,996	$136,711	No data	$83,285