THE COVE SCHOOL INC (EIN 390930993) - 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

1948

Legal Domicile

Principal Officer

SALLY SOVER

Phone

8475622100

Tax Period

2024-07-01 to 2025-06-30

The Cove School Inc, founded in 1948, is a mid-sized nonprofit in the Education sector that reported $11.0M in total revenue in fiscal year 2018. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $10.5M left a modest 5% surplus.

Mission

PROVIDES INDIVIDUALIZED EDUCATION FOR CHILDREN WITH LEARNING DISABILITIES.

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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 $1,464,302

Program Service Revenue $11,587,454

Investment Income $118,092

Other Revenue $-8,603

TOTAL REVENUE $13,161,245

Expense Breakdown

Grants Paid $84,045

Salaries & Benefits $11,259,688

Fundraising Expenses $547,992

Program Expenses $12,283,347

Other Expenses $2,805,393

TOTAL EXPENSES $14,149,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,161,245	$14,091,414	-0.1%
Expenses	$14,149,126	$12,214,065	+0.2%
Net Income	$-987,881	$1,877,349	-1.5%

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

166

Volunteers

122

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

$545,324

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAN PERETZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE FEDACSEK	CO-TREASURER/CHAIR-FINANCE	1.00	Officer Director	$0	$0	$0
MATTHEW REGAN	CO-TREASURER/CHAIR-FINANCE	1.00	Officer Director	$0	$0	$0
DAN COLLINS	TRUSTEE	1.00	Director	$0	$0	$0
JASON CUNDIFF	TRUSTEE	1.00	Director	$0	$0	$0
JOE GLUNZ	TRUSTEE	1.00	Director	$0	$0	$0
COURTNEY JACK	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA JOHNSON	TRUSTEE/CO-CHAIR-COMM ON TRUSTEES	1.00	Director	$0	$0	$0
RYAN LIEBERMAN	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW POLOVIN	TRUSTEE	1.00	Director	$0	$0	$0
ERIK SCHEIER	TRUSTEE/CHAIR-ADVANCE. COM	1.00	Director	$0	$0	$0
LINHARD STEPF	TRUSTEE	1.00	Director	$0	$0	$0
ANDY TINUCCI	TRUSTEE/CHAIR-FACILITIES COMM	1.00	Director	$0	$0	$0
SEAN TURNER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE WIEDMAYER	TRUSTEE	1.00	Director	$0	$0	$0
JEFF KAPLAN	TRUSTEE	1.00	Director	$0	$0	$0
ELISE WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
AANCHAL SHARMA	TRUSTEE	1.00	Director	$0	$0	$0
SALLY SOVER	EXECUTIVE DIRECTOR	40.00	Officer	$296,496	$46,214	$342,710
STACY POST	DIRECTOR OF FINANCE/ADMIN	40.00	Officer	$175,415	$27,199	$202,614
ALEXANDRA ARGENTAR	DIRECTOR OF ADVANCEMENT	40.00	Highest	$193,351	$17,396	$210,747
MARK DITTHARDT	DIRECTOR OF ADMISSIONS	40.00	Highest	$158,222	$16,205	$174,427
SUE TURNER	SPEECH PATHOLOGIST	40.00	Highest	$124,798	$37,594	$162,392
YAEL FRANKEL	HUMAN RELATIONS & RESOURCE MANAGER	40.00	Highest	$123,227	$25,591	$148,818
REGINA ANIOLOWSKI	PRINCIPAL (ELEM/JH)	40.00	Highest	$142,733	$4,368	$147,101

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	$13,161,245	$14,149,126	$16,331,715	$-987,881
2024	$14,091,414	$12,214,065	$17,187,392	$1,877,349
2023	$12,697,922	$11,021,425	$14,902,388	$1,676,497
2022	$10,362,338	$10,345,924	$12,796,735	$16,414
2021	$11,458,824	$10,517,299	$12,906,150	$941,525
2020	$9,316,182	$9,896,398	$13,431,880	$-580,216
2019	$11,034,701	$10,481,226	$12,687,473	$553,475

THE COVE SCHOOL INC