DEVOU PROPERTIES INC (EIN 352209497) - 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

2003

Legal Domicile

Principal Officer

SCOTT MESCHER

Phone

8594312577

Tax Period

2024-01-01 to 2024-12-31

DEVOU PROPERTIES INC, founded in 2003, is a community nonprofit in the Public & Societal Benefit sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 14% surplus.

Mission

TO PROVIDE SERVICES AND PERFORM FUNCTIONS FOR DEVOU PARK, A PUBLIC RECREATIONAL FACILITY OWNED BY THE CITY OF COVINGTON, KENTUCKY. THESE SERVICES INCLUDE THE CARE, UPKEEP, OPERATION, AND MANAGEMENT OF DREES PAVILION RECEPTION CENTER, AND THE DEVOU PARK GOLF AND EVENT CENTER.

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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 $0

Program Service Revenue $2,837,258

Investment Income $122,496

Other Revenue $89,390

TOTAL REVENUE $3,049,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,188

Fundraising Expenses $0

Program Expenses $2,618,949

Other Expenses $1,791,761

TOTAL EXPENSES $2,618,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,049,144	$2,787,130	+0.1%
Expenses	$2,618,949	$2,384,174	+0.1%
Net Income	$430,195	$402,956	+0.1%

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

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

$120,419

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA DREES JONES	CHAIR	2.00	Officer Director	$0	$0	$0
DENNIS WILLIAMS	TREASURER	2.00	Officer Director	$0	$0	$0
GREG ENGELMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
LARRY WIDLOWSKI	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS HENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
HEIDI JARK	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER NERONE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALANA HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT MESCHER	EXECUTIVE DIRECTOR	40.00	Key Emp	$108,361	$12,058	$120,419

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	$3,049,144	$2,618,949	$4,075,287	$430,195
2023	$2,787,130	$2,384,174	$3,636,917	$402,956
2022	$2,276,967	$2,233,738	$3,217,650	$43,229
2021	$2,304,792	$2,206,908	$3,178,668	$97,884
2020	$1,571,551	$1,774,294	$2,997,571	$-202,743
2019	$2,317,442	$2,344,674	$3,102,961	$-27,232
2018	$2,202,966	$2,084,916	$3,217,557	$118,050

DEVOU PROPERTIES INC