SAN RAMON, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COVESA, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $408K, a strong 23% operating margin.
COVESA IS AN OPEN, COLLABORATIVE AND IMPACTFUL TECHNOLOGY ALLIANCE; ACCELERATING THE FULL POTENTIAL OF CONNECTED VEHICLES.
COVESA CONTINUED TWO MEMBER-DRIVEN COLLABORATIVE PROJECTS IN THE AREAS OF ANDROID AUTOMOTIVE AND VEHICLE SIGNAL SPECIFICATION (VSS). THESE PROJECTS BROUGHT TOGETHER APPROXIMATELY 35 MEMBERS AND 10...
COVESA CONTINUED TWO MEMBER-DRIVEN COLLABORATIVE PROJECTS IN THE AREAS OF ANDROID AUTOMOTIVE AND VEHICLE SIGNAL SPECIFICATION (VSS). THESE PROJECTS BROUGHT TOGETHER APPROXIMATELY 35 MEMBERS AND 10 NON-MEMBERS TO DISCUSS AND DELIVER STANDARD APPROACHES FOR AUTOMAKERS AND THEIR SOFTWARE SUPPLIERS. THE VSS PROJECT IN PARTICULAR ADVANCED TO VERSION 4 OF THE SPECIFICATION AND ENJOYED SIGNIFICANT ADOPTION BY SEVERAL AUTOMOTIVE AND FLEET MANAGEMENT ORGANIZATIONS. BOTH OF THE PROJECTS REQUIRED DELIVERABLES TO BE ACCESSIBLE IN PUBLIC PROJECTS WHERE INNUMERABLE ORGANIZATIONS OUTSIDE OF THE COVESA MEMBERSHIP (IN AUTOMOTIVE AND NON-AUTOMOTIVE INDUSTRIES) ALSO BENEFITTED.
COVESA CONTINUED ITS SEMI-ANNUAL ALL MEMBER MEETINGS IN APRIL AND OCTOBER OF 2024. THESE EVENTS RESULTED IN ROUGHLY 80 ORGANIZATIONS AND AN AVERAGE OF 275 PEOPLE IN ATTENDANCE AT EACH. BOTH...
COVESA CONTINUED ITS SEMI-ANNUAL ALL MEMBER MEETINGS IN APRIL AND OCTOBER OF 2024. THESE EVENTS RESULTED IN ROUGHLY 80 ORGANIZATIONS AND AN AVERAGE OF 275 PEOPLE IN ATTENDANCE AT EACH. BOTH BUSINESS-LEVEL AND TECHNICAL PRESENTATIONS WERE MADE FROM ROUGHLY 70 SPEAKERS. WHILE THE EVENT WAS NOT EXECUTED UNTIL JANUARY 2025, COVESA ALSO PREPARED FOR A SIGNIFICANT SHOWCASE AND RECEPTION EVENT AT THE CES 2025. THIS INVOLVED CONTACTING ROUGHLY 120 ORGANIZATIONS FOR PARTICIPATIOIN AND SPONSORSHIP. ROUGHLY 85 ORGANIZATIONS AGREED TO PARTICIPATE AND/OR SPONSOR THE EVENT.
COVESA CONTINUED TO ACTIVELY ALIGN WITH OTHER STANDARDS DEVELOPMENT AND COLLABORATIVE ORGANIZATIONS INCLUDING W3C, AUTOSAR, SOAFFE, JASPAR, AND ECLIPSE SDV. THE PRIMARY GOAL OF THIS COLLABORATION WAS...
COVESA CONTINUED TO ACTIVELY ALIGN WITH OTHER STANDARDS DEVELOPMENT AND COLLABORATIVE ORGANIZATIONS INCLUDING W3C, AUTOSAR, SOAFFE, JASPAR, AND ECLIPSE SDV. THE PRIMARY GOAL OF THIS COLLABORATION WAS TO PUSH ADOPTION OF THE VSS OPEN STANDARD INTO OTHER AUTOMOTIVE ORGANIZATIONS AND CONSORTIA. THROUGH THIS COLLABORATION, THE BENEFITS OF A PUBLICLY AVAILABLE VSS WERE REPRESENTED TO ROUGHLY 1000 AUTOMOTIVE INDUSTRY PARTICPANTS, MULTIPLE GOVERNMENT-FUNDED TECHNOLOGY PROJECTS, AND STANDARDS-SETTING ORGANIZATIONS IN THE US, JAPAN, AND EUROPE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,808,223 | $1,351,116 | +0.3% |
| Expenses | $1,400,240 | $1,310,303 | +0.1% |
| Net Income | $407,983 | $40,813 | +9.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GERALD SPREITZ | VP/BOARD MEMBER | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAN NICHOLSON | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| MATT JONES | PRESIDENT/BOARD MEMBER | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| GRAHAM SMETHURST | CHAIRMAN/BOARD MEMBER | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS BLOOR | SECRETARY/BOARD MEMBER | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN SERGAKIS | TREASURER/BOARD MEMBER | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| HISAO MUNAKATA | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPH LUDEWIG | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| FLORIAN BAUMANN | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| MONA LEVEACHER | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| GERHARD GROSSBERGER | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| STEVE CRUMB | EXECUTIVE DIRECTOR | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,808,223 | $1,400,240 | $730,519 | $407,983 |
| 2023 | $1,351,116 | $1,310,303 | $335,028 | $40,813 |
| 2022 | $1,272,304 | $1,212,545 | $288,468 | $59,759 |
| 2021 | $928,692 | $934,262 | $303,181 | $-5,570 |
| 2020 | $1,104,316 | $1,052,315 | $451,731 | $52,001 |
| 2019 | $1,785,552 | $1,415,915 | $597,354 | $369,637 |
| 2018 | $1,686,024 | $1,726,510 | $785,169 | $-40,486 |
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