Covington Business Association (EIN 273203744) - 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

2010

Legal Domicile

Phone

5044392543

Tax Period

2024-01-01 to 2024-12-31

Covington Business Association, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $132K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $115K left a modest 13% surplus.

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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 $39,120

Program Service Revenue $92,359

Investment Income $92

Other Revenue $0

TOTAL REVENUE $131,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $115,100

Other Expenses $115,100

TOTAL EXPENSES $115,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,571	$99,804	+0.3%
Expenses	$115,100	$107,274	+0.1%
Net Income	$16,471	$-7,470	-3.2%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Dan Cobb	Advisor	Director	$0	$0	$0
Cliff Bergeron	Advisor	Director	$0	$0	$0
Michael Hunley	Advisor	Director	$0	$0	$0
Brad Schroeder	Advisor	Director	$0	$0	$0
Gina Rowbatham	President	Officer	$0	$0	$0
Marcella Merrill	Vice President	Officer	$0	$0	$0
Nancy Ross	Treasurer	Officer	$0	$0	$0
Rosie Ledezma	Secretary	Officer	$0	$0	$0
Kate Fusilier	Membership Director	Officer	$0	$0	$0
Orion Vantol	Public Relations	Officer	$0	$0	$0
Howard Harper	Sergeant At Arms	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
2024	$131,571	$115,100	$44,727	$16,471
2023	$99,804	$107,274	$36,346	$-7,470
2022	$105,271	$118,771	$35,726	$-13,500
2021	$150,839	$115,024	$236,926	$35,815
2020	$28,107	$46,095	$21,220	$-17,988
2019	$102,195	$94,905	$31,399	$7,290
2018	$77,803	$64,229	$27,100	$13,574

Covington Business Association