COVA AGUA

EIN: 264080644 501(c)(3) International Affairs

ST PAUL, MN

Total Revenue
$1,650,154
Total Expenses
$1,531,946
Total Assets
$1,115,379
Net Assets
$662,633
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IL
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 A NONPROFIT SOCIAL ENTERPRISE BUILDING A HEALTHIER CENTRAL AMERICA THROUGH DATA-DRIVEN, COMMUNITY-CENTERED SAFE WATER SOLUTIONS.

Program Service Accomplishments

Program 1
Expenses: $1,355,826 Revenue: $886,848

COVA BUILDS A HEALTHIER CENTRAL AMERICA THROUGH COMMUNITY-CENTERED, SAFE WATER SOLUTIONS. IN 2024, OUR SAFE DRINKING WATER PROGRAM HELPED 204,486 RURAL NICARAGUAN, HONDURAN, AND EL SALVADOREAN...

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COVA BUILDS A HEALTHIER CENTRAL AMERICA THROUGH COMMUNITY-CENTERED, SAFE WATER SOLUTIONS. IN 2024, OUR SAFE DRINKING WATER PROGRAM HELPED 204,486 RURAL NICARAGUAN, HONDURAN, AND EL SALVADOREAN MEMBERS GAIN ACCESS TO SAFE DRINKING WATER SOLUTIONS.THROUGH OUR INNOVATIVE MARKET-BASED CIRCUIT RIDER MODEL, COVA IS EMPOWERING RURAL COMMUNITIES IN CENTRAL AMERICA TOWARDS SUSTAINABLE ACCESS TO SAFE DRINKING WATER, ALLOWING CHILDREN TO ATTEND SCHOOL, PARENTS TO CONTINUE WORKING, AND COMMUNITIES TO THRIVE.

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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%)

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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

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
21

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
4
$108,000
Total Directors
10
$108,000
Key Employees
0
$0
Highest Compensated
0
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
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