COVA AGUA (EIN 264080644) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

WESLEY MEIER

Phone

3198302731

Tax Period

2024-01-01 to 2024-12-31

COVA AGUA, founded in 2008, is a community nonprofit in the International Affairs sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 7% surplus.

Mission

COVA IS BUILDING A HEALTHIER CENTRAL AMERICA THROUGH COMMUNITY-CENTERED SAFE WATER SOLUTIONS.

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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 $930,761

Program Service Revenue $662,204

Investment Income $0

Other Revenue $57,189

TOTAL REVENUE $1,650,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,348

Fundraising Expenses $150,397

Program Expenses $1,355,826

Other Expenses $1,204,598

TOTAL EXPENSES $1,531,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,650,154	$1,135,661	+0.5%
Expenses	$1,531,946	$1,038,435	+0.5%
Net Income	$118,208	$97,226	+0.2%

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

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

$108,000

Total Directors

$108,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY MEIER	PRESIDENT & DIRECTOR	50.00	Officer Director	$108,000	$0	$108,000
GREG MCGRATH	VICE PRESIDENT & DIRECTOR	4.00	Director	$0	$0	$0
NICK WOBBROCK	SECRETARY & DIRECTOR	4.00	Officer Director	$0	$0	$0
CAITLIN SHIELDS	BOARD CHAIR & DIRECTOR	4.00	Officer Director	$0	$0	$0
DIANA CALIX	DIRECTOR	50.00	Director	$0	$0	$0
TERRY GALLAGHER	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE KELSEY	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN GOLDIN	DIRECTOR	2.00	Director	$0	$0	$0
KATIE FRANK	TREASURER & DIRECTOR	4.00	Officer Director	$0	$0	$0
ALVARO RODRIQUEZ	DIRECTOR	2.00	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
2024	$1,650,154	$1,531,946	$1,115,379	$118,208
2023	$1,135,661	$1,038,435	$748,454	$97,226
2022	$661,809	$705,018	$557,257	$-43,209
2021	$712,636	$479,765	$618,055	$232,871
2020	$572,262	$464,250	$454,673	$108,012
2019	$540,028	$530,947	$235,131	$9,081
2018	$320,600	$323,113	$219,823	$-2,513

COVA AGUA