THE COVE SCHOOL INC

EIN: 390930993 501(c)(3) Education

NORTHBROOK, IL

Total Revenue
$13,161,245
Total Expenses
$14,149,126
Total Assets
$16,331,715
Net Assets
$13,328,594
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
IL
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 $13.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

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%)

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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

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Governance

Voting Members
18
Independent Members
18
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
5
$545,324
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
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
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