COV INC (EIN 320582177) - 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

2018

Legal Domicile

Principal Officer

GRETCHEN SMITH

Phone

6155925105

Tax Period

2025-01-01 to 2025-08-31

COV INC, founded in 2018, is a micro nonprofit that reported $72K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $128K exceeded revenue, resulting in a 78% operating deficit.

Mission

COV INC DISBURSES FUNDS TO VETERANS IN NEED WHO HAVE BEEN HONORABLY DISCHARGED FROM MILITARY SERVICE AND THEIR FAMILIES WHO ARE IN NEED, CRISIS, OR DISTRESS.

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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 $67,613

Program Service Revenue $0

Investment Income $-514

Other Revenue $4,541

TOTAL REVENUE $71,640

Expense Breakdown

Grants Paid $111,332

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,644

Other Expenses $16,261

TOTAL EXPENSES $127,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,640	$387,196	-0.8%
Expenses	$127,593	$388,641	-0.7%
Net Income	$-55,953	$-1,445	+37.7%

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

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
MIKE HACKNEY	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KEVIN NAPPER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DOUG NIKOLI	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
NICK POLCE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DARLA SHINE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
GRETCHEN SMITH	FOUNDER/DIRE	10.00	Officer Director	$0	$0	$0
JOSEPH SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
CINDY WALTER	SECRETARY	40.00	Officer Director	$0	$0	$0
TIM WOOD	BOARD MEMBER	1.00	Officer 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
2025	$71,640	$127,593	No data	$-55,953
2024	No data	No data	No data	No data
2023	$437,237	$435,348	$57,398	$1,889
2022	$1,142,415	$1,290,656	$55,509	$-148,241
2021	$2,219,448	$2,406,096	$203,750	$-186,648

COV INC