The Cove Ltd (EIN 473665343) - 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

2015

Legal Domicile

Principal Officer

Harley E Yoder

Phone

2603509312

Tax Period

2024-01-01 to 2024-12-31

The Cove Ltd, founded in 2015, is a small nonprofit in the Youth Development sector that reported $666K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $121K, a strong 18% operating margin.

Mission

To provide a positive, enriching environment in a safe, supervised facility, reducing juvenile delinquency and preventing other negative youth activity that has a deteriorating impact on the community.

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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 $152,287

Program Service Revenue $250,632

Investment Income $0

Other Revenue $263,301

TOTAL REVENUE $666,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $229,518

Fundraising Expenses $0

Program Expenses $315,972

Other Expenses $315,972

TOTAL EXPENSES $545,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$666,220	$606,186	+0.1%
Expenses	$545,490	$476,367	+0.1%
Net Income	$120,730	$129,819	-0.1%

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

500

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ryan Miller	Chairman	008.00	Officer Director	$0	$0	$0
Stanley Miller	Vice-Chairman	008.00	Officer Director	$0	$0	$0
Harley Lambright Jr	Secretary	008.00	Officer Director	$0	$0	$0
Daryl Lehman	Treasurer	008.00	Officer Director	$0	$0	$0
Lavon Yoder	Member At Large	008.00	Director	$0	$0	$0
Enos Gingerich	Member At Large	008.00	Director	$0	$0	$0
Mike Wingard	Member At Large	008.00	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	$666,220	$545,490	$2,177,258	$120,730
2023	$606,186	$476,367	$2,015,635	$129,819
2022	$528,868	$432,718	$1,821,578	$96,150
2021	$571,512	$351,263	$1,643,082	$220,249
2020	$268,216	$280,942	$1,569,677	$-12,726
2019	$364,008	$215,536	$1,570,450	$148,472
2018	$196,173	$176,591	$1,354,988	$19,582

The Cove Ltd