COVINGTON BUSINESS COUNCIL INC (EIN 310963057) - 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

1972

Legal Domicile

Principal Officer

PAT FREW

Tax Period

2023-01-01 to 2023-12-31

COVINGTON BUSINESS COUNCIL INC, founded in 1972, is a small nonprofit that reported $324K in total revenue in fiscal year 2023.

Mission

ADVOCATE FOR SMALL BUSINESSES IN COVINGTON, KY

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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 (2023)

Revenue Breakdown

Contributions & Grants $206,454

Program Service Revenue $43,438

Investment Income $0

Other Revenue $73,709

TOTAL REVENUE $323,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,528

Fundraising Expenses $0

Other Expenses $142,345

TOTAL EXPENSES $337,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,601	$315,994	+0.0%
Expenses	$337,873	$312,264	+0.1%
Net Income	$-14,272	$3,730	-4.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jay Fossett	CHAIR	2	Officer Director	$0	$0	$0
Emily Badger	BOARD MEMBER	1	Director	$0	$0	$0
Anthony BRADFO	BOARD MEMBER	1	Director	$0	$0	$0
Cara Brooks	BOARD MEMBER	1	Director	$0	$0	$0
Fernando Figue	BOARD MEMBER	1	Director	$0	$0	$0
Joe Klare	BOARD MEMBER	1	Director	$0	$0	$0
John Keller	BOARD MEMBER	1	Director	$0	$0	$0
Julie Kirkpatr	BOARD MEMBER	1	Director	$0	$0	$0
Tony Milburn	BOARD MEMBER	1	Director	$0	$0	$0
Trish Nortmann	BOARD MEMBER1	1	Director	$0	$0	$0
Greg Paeth	BOARD MEMBER	1	Director	$0	$0	$0
ELIZABETH REED	BOARD MEMBER	1	Director	$0	$0	$0
Jackie Roberto	BOARD MEMBER	1	Director	$0	$0	$0
Ken Smith	BOARD MEMBER	1	Director	$0	$0	$0
Ken Webb	BOARD MEMBER	1	Director	$0	$0	$0
Betsy Weber	BOARD MEMBER	1	Director	$0	$0	$0
WILL WEBER	BOARD MEMBER	1	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	No data	No data	No data	No data
2023	$323,601	$337,873	$138,310	$-14,272
2022	$315,994	$312,264	$175,409	$3,730
2021	$251,107	$233,526	$122,486	$17,581
2020	$205,849	$210,779	$102,789	$-4,930
2019	$258,511	$226,896	$140,177	$31,615
2018	$242,920	$242,283	$78,160	$637

COVINGTON BUSINESS COUNCIL INC