COVEY INC (EIN 396026845) - 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

1954

Legal Domicile

Principal Officer

PAM SCHUTZ

Phone

9204244071

Tax Period

2024-01-01 to 2024-12-31

COVEY INC, founded in 1954, is a community nonprofit in the Diseases & Disorders sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $400K, a strong 16% operating margin.

Mission

CREATING OPPORTUNITIES THAT FOSTER PERSONAL GROWTH.

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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 $891,559

Program Service Revenue $1,340,804

Investment Income $280,085

Other Revenue $2,961

TOTAL REVENUE $2,515,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,435,555

Fundraising Expenses $13,617

Program Expenses $1,629,896

Other Expenses $680,018

TOTAL EXPENSES $2,115,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,515,409	$1,713,513	+0.5%
Expenses	$2,115,573	$1,891,755	+0.1%
Net Income	$399,836	$-178,242	-3.2%

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

115

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

$289,785

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM SCHUTZ	CEO	40.00	Officer	$121,500	$3,645	$125,145
ANTHONY GONZALEZ	COO	40.00	Officer	$84,622	$14,267	$98,889
BARBARA AUSTAD	CFO	40.00	Officer	$63,836	$1,915	$65,751
ALLISON BUCCIFERRO	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	PRESIDENT	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
ADDIE TEETERS	DIRECTOR	2.00	Director	$0	$0	$0
EMMA THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
JOE THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
CHAD WADE	VICE PRESIDE	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
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

COVEY INC