COVEY INC

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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

1954

Legal Domicile

Principal Officer

ANTHONY GONZALEZ

Phone

9204244071

Tax Period

2025-01-01 to 2025-12-31

COVEY INC, founded in 1954, is a community nonprofit in the Diseases & Disorders sector that reported $2.2M in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year.

Mission

CREATING OPPORTUNITIES THAT FOSTER PERSONAL GROWTH.

Program Service Accomplishments

Program 1

Expenses: $770,485 Revenue: $1,634,840

RESPITE: THIS PROGRAM OFFERS CAREGIVER RELIEF TO INDIVIDUALS CARING FOR A PERSON WITH A DISABILITY. RELIEF FROM CAREGIVING DUTIES PROVIDES AN OPPORTUNITY FOR THE CAREGIVER TO FOCUS ON THEIR OWN...

RESPITE: THIS PROGRAM OFFERS CAREGIVER RELIEF TO INDIVIDUALS CARING FOR A PERSON WITH A DISABILITY. RELIEF FROM CAREGIVING DUTIES PROVIDES AN OPPORTUNITY FOR THE CAREGIVER TO FOCUS ON THEIR OWN WELL-BEING AND SELF- CARE, PURSUE EMPLOYMENT, AND NURTURE OTHER RELATIONSHIPS THAT ARE IMPORTANT TO THEM. IN 2025, WE PROVIDED OVER 42,881.5 HOURS OF RESPITE TO ADULTS WITH DISABILITIES WITH EXPENSES TOTALING 770,485.

Program 2

Expenses: $267,249 Revenue: $16,778

COMMUNITY PROGRAMS: OUR COMMUNITY-BASED PROGRAMS CONSIST OF COMMUNITY BASED ADULT DAY SERVICES, COVEY CONNECTS, HEALTHY RELATIONSHIPS, AND I CAN SHINE BIKE CAMP. THESE PROGRAMS PROVIDE OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES TO GAIN NEW SKILLS AND DEVELOP A SOCIAL NETWORK THAT FOSTERS A SENSE OF CONNECTEDNESS. OUR COMMUNITY-BASED PROGRAMS ARE DESIGNED TO SUPPORT INDIVIDUALS AS THEY BUILD SKILLS AND GAIN CONFIDENCE WHILE NAVIGATING THE BROADER COMMUNITY. THE EXPENSE FOR THIS PROGRAM IN 2025 WAS 267,249.

Program 3

Expenses: $817,369

RESIDENTIAL SERVICES/ADULT FAMILY HOMES: EACH HOME IS THE HOME TO 4 UNRELATED INDIVIDUALS WITH DEVELOPMENTAL OR INTELLECTUAL DISABILITIES. THEY RECEIVE CARE, SUPERVISION, AND SERVICES ABOVE THE LEVEL OF ROOM AND BOARD. IN 2025, WE SERVED 12 INDIVIDUALS IN 3 HOMES, WITH EXPENSES TOTALING 817,367.

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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 (2025)

Revenue Breakdown

Contributions & Grants $329,831

Program Service Revenue $1,651,618

Investment Income $228,775

Other Revenue $1,186

TOTAL REVENUE $2,211,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,687,503

Fundraising Expenses $15,933

Program Expenses $1,855,103

Other Expenses $693,475

TOTAL EXPENSES $2,380,978

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,211,410	$2,515,409	-0.1%
Expenses	$2,380,978	$2,115,573	+0.1%
Net Income	$-169,568	$399,836	-1.4%

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

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

$308,012

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM SCHUTZ	CEO END 9/30	40.00	Officer	$125,145	$3,754	$128,899
ANTHONY GONZALEZ	CEO BEG 10/1	40.00	Officer	$89,451	$19,583	$109,034
BARBARA AUSTAD	CFO	40.00	Officer	$68,115	$1,964	$70,079
ALLISON BUCCIFERRO	DIRECTOR	2.00	Director	$0	$0	$0
ANNE FIELDS	DIRECTOR	2.00	Director	$0	$0	$0
HARRIET REDMAN	DIRECTOR	2.00	Director	$0	$0	$0
TAYLOR REETZ	TREASURER	2.00	Officer Director	$0	$0	$0
MARY GIETMAN SCHELLINGER	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
CHERYL SINA	SECRETARY	2.00	Officer Director	$0	$0	$0
REBECCA VAN SYCOC	DIRECTOR	2.00	Director	$0	$0	$0
EMMA THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
CHAD WADE	PRESIDENT	2.00	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	$2,211,410	$2,380,978	$4,914,266	$-169,568
2024	$2,515,409	$2,115,573	$5,090,792	$399,836
2023	$1,713,513	$1,891,755	$4,802,026	$-178,242
2022	$1,334,341	$1,529,602	$4,426,581	$-195,261
2021	$1,226,795	$1,217,170	$5,053,825	$9,625
2020	$1,236,794	$1,045,158	$4,412,262	$191,636
2019	$1,065,318	$1,130,595	$3,951,839	$-65,277
2018	$1,041,407	$1,308,042	$3,537,683	$-266,635