Covington, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Fund for Covington Inc, founded in 2012, is a micro nonprofit in the Recreation & Sports sector that reported $40K in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 111% operating deficit.
The Fund for Covington, Inc. strives to expand the ability of the City of Covington to serve its residents by expanding access to resources. The organization acts as a fiscal agent and partner to leverage resources for the citizenry.
Donations to the community and the City of Covington including the Latino Center of NKY, Sponsorship of the Groundwell Summit, the Electric Alley project, park benches and the Pride parade.
Read Ready Covington program (RRC) The RRC bilingual apps is provided free for Covington parents that provide activities and reading exercises for kids and help parents introduce reading skills to...
Read Ready Covington program (RRC) The RRC bilingual apps is provided free for Covington parents that provide activities and reading exercises for kids and help parents introduce reading skills to their young children. RRC also organizes literacy events in housing communities, solicits donations of books to give out, and has installed several sets of metal signs around Covington displaying letters of the alphabet that are collected by young children as part of a literacy scavenger hunt.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $39,507 | $73,471 | -0.5% |
| Expenses | $83,542 | $130,846 | -0.4% |
| Net Income | $-44,035 | $-57,375 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ken Smith | Chairman | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| Steve Webb | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Ben Oldiges | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Brandon Holmes | Treasurer | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| Tom West | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $39,507 | $83,542 | $63,791 | $-44,035 |
| 2021 | $73,471 | $130,846 | $107,826 | $-57,375 |
Compare The Fund for Covington Inc with other nonprofits in Kentucky and across the country.