COVINGTON BUSINESS COUNCIL FOUNDATION (EIN 311107891) - 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

1984

Legal Domicile

Principal Officer

PAT FREW

Phone

8594311500

Tax Period

2020-01-01 to 2020-12-31

COVINGTON BUSINESS COUNCIL FOUNDATION, founded in 1984, is a micro nonprofit in the Community Improvement sector that reported $5K in total revenue in fiscal year 2020. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $21K exceeded revenue, resulting in a 322% operating deficit.

Mission

ADVOCATE OF SMALL BUSINESS IN COVINGTON

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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 (2020)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,000

Expense Breakdown

Grants Paid $20,317

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,082

Other Expenses $765

TOTAL EXPENSES $21,082

Year-over-Year Comparison

	2020	2019	Change
Revenue	$5,000	$50,370	-0.9%
Expenses	$21,082	$136,059	-0.8%
Net Income	$-16,082	$-85,689	-0.8%

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
PAT FREW	EXECUTIVE DIRECTOR	2.00	Director	$0	$0	$0
GREG PAETH	BOARD MEMBER	2.00	Director	$0	$0	$0
ROGER PETERMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JEANNE SCHROER	BOARD MEMBER	2.00	Director	$0	$0	$0
DALE SILVER	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY MILBURN	CHAIR	2.00	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
2020	$5,000	$21,082	$13,361	$-16,082
2019	$50,370	$136,059	$29,443	$-85,689
2018	$230,001	$141,589	$115,132	$88,412

COVINGTON BUSINESS COUNCIL FOUNDATION