COVE ANIMAL RESCUE CORPORATION (EIN 472487205) - 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

2014

Legal Domicile

Principal Officer

JANINE FAKIRIS

Phone

5166765913

Tax Period

2024-01-01 to 2024-12-31

COVE ANIMAL RESCUE CORPORATION, founded in 2014, is a small nonprofit in the Animal-Related sector that reported $444K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $68K, a strong 15% operating margin.

Mission

TO INCREASE THE ADOPTABILITY OF HOMELESS DOGS AND CATS THROUGH TRAINING, SOCIALIZATION AND IMPROVED SURROUNDINGS THAT FACILITATE TRANSITION TO A HOME ENVIRONMENT.

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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 $410,594

Program Service Revenue $0

Investment Income $3

Other Revenue $33,839

TOTAL REVENUE $444,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,216

Fundraising Expenses $0

Program Expenses $308,243

Other Expenses $126,706

TOTAL EXPENSES $376,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$444,436	$478,797	-0.1%
Expenses	$376,922	$324,262	+0.2%
Net Income	$67,514	$154,535	-0.6%

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

N/A

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

$26,612

Total Directors

$26,612

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAYNA CONNOLLY	BOARD MEMBER	2.00	Director	$0	$0	$0
ALEX PAPPAS	BOARD MEMBER	2.00	Director	$0	$0	$0
YELENA KHARCHEVKA JANOCIC	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL LABBATE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN GLENNON	SECRETARY	2.00	Director	$0	$0	$0
KATHLEEN NORCIA	EXECUTIVE DIRECTOR	40.00	Officer Director	$26,612	$0	$26,612
JANINE FAKARIS	PRESIDENT	20.00	Officer	$0	$0	$0
STEPHAN GEIRINGER	TREASURER	10.00	Officer	$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	$444,436	$376,922	$126,743	$67,514
2023	$478,797	$324,262	$155,444	$154,535
2022	$375,369	$347,231	$87,582	$28,138
2021	$335,999	$402,585	$143,791	$-66,586
2020	$367,758	$401,966	$299,068	$-34,208
2019	$389,254	$381,073	$425,139	$8,181
2018	$324,876	$457,332	$497,959	$-132,456

COVE ANIMAL RESCUE CORPORATION